Facebook parent Meta Platforms Inc. on Wednesday became the latest tech titan tattooed by a precipitous drop in digital advertising, reporting less than half the profit it had in the same quarter a ye...
Tag: Disruptions
Teladoc stock surges after earnings as losses narrow
Shares of Teladoc Health Inc. were up about 13% in after-hours trading Wednesday after the telemedicine company posted a narrower loss than analysts were anticipating for its latest quarter, while sli...
AT&T’s dividend yield falls below Verizon’s. What that means for the stocks.
AT&T Inc. no longer seems the most unloved name in wireless, and that manifested in one milestone that occurred last week. While AT&T shares T, +2.54% rallied in the wake of the company’s Thur...
Weber stock jumps 25% after largest shareholder makes acquisition offer for grill maker
Weber Inc.’s stock climbed more than 24% in after-hours trading Monday, mirroring an offer from its largest shareholder to buy the grill maker’s remaining shares for $6.25 apiece. The offer to buy Web...
Big Investor Bought Nvidia and Rivian Stock. It Sold Ford and GM.
A large European asset manager has made big changes in its largest U. S-traded stock investments, specifically in auto manufacturers and a chip maker. DNB Asset Management, a unit of Norway’s largest ...
Bankrupt Meme-Stock Favorite Revlon to Be Delisted From New York Stock Exchange
Revlon Inc. shares will be delisted from the New York Stock Exchange after a surge of market interest in the beauty-products supplier following its chapter 11 filing in June. Shares fell 5% on Thursda...
Super Micro Computer shares jump 17% on raised Q1 guidance
Super Micro Computer Inc. SMCI, +13.03% shares jumped 17% to $64.88 in after-hours trading Wednesday after the company issued preliminary financial information for the first quarter above its prior gu...
Elon Musk teases massive Tesla stock buyback as CFO trims forecast for annual deliveries and stock falls
Tesla Inc. Chief Executive Elon Musk suggested the electric-vehicle maker could repurchase up to $10 billion worth of its stock Wednesday, as shares declined following a third-quarter revenue miss and...
Mullen Automotive Stock Climbs After Electric Last Mile Bankruptcy Deal
Electric-vehicle startup Mullen Automotive Inc. shares climbed after the company said it gained court approval to buy an Indiana manufacturing plant and other assets from now-defunct Electric Last Mil...
Boeing’s 737 MAX Jet Faces Another Setback
One version of Boeing’s 737 MAX jet faces certification delays, according to a media report. Investors seem to be inured to negative MAX news as of late. The Federal Aviation Administration’s review p...
Foxconn Unveils EVs. The Apple iPhone Maker Is Pushing Into the Car Business.
Not all car companies want to build their own vehicles anymore. The reason is that they don’t have to. Tuesday, the contract manufacturer Hon Hai Precision Industry (Taiwan), an Apple (ticker: AAPL) i...
FuboTV stock rallies after outlook hiked, sports-betting business dropped
FuboTV Inc. shares rallied in the extended session Monday after the streaming TV platform hiked its sales forecast for the third quarter, said it was dropping its sports-betting businesses and reaffir...
Cano Health Stock Plumments on Report CVS Is Abandoning Purchase
Cano Health shares had their largest drop on record Monday following a report that CVS Health has walked away from a potential acquisition of the primary care provider. Dealreporter was the first to r...
SPAC Sponsors Were Winners Even on Losers
Since AEye went public by merging with a special-purpose acquisition company in August 2021, shareholders have had a rough go. The laser-technology company’s stock is down over 90% in the midst of mis...
Nio shorts may have covered too soon, as EV maker’s stock sinks to more than 2-year low
Shares of Nio Inc. sank to the lowest prices seen in more than two years, disappointing not only bulls, but also likely the many bears who have just covered their short positions. While short selling,...
UnitedHealth stock surges after earnings beat, another raised outlook
Shares of UnitedHealth Group Inc. surged Friday, after the health insurer reported third-quarter profit and revenue that rose above expectations, and lifted its full-year outlook for a third-straight ...
Cruise Stocks Don’t Lead to Buried Treasure
Cruise-line stocks have been taking on water since Covid-19 hit, but lately investors have really abandoned ship. Hovering over $6 a share, Carnival stock hasn’t been this cheap since Boyz II Men, TLC...
Good News for Tesla Investors: The Stock Is Now Oversold.
Shares of electric-vehicle leader Tesla have gone through just a brutal stretch lately. It’s been painful for the bulls, but they might be getting some relief soon. Tesla (ticker: TSLA) stock dropped ...
Peloton Co-Founder John Foley Faced Repeated Margin Calls From Goldman Sachs as Stock Slumped
John Foley, the co-founder and former chief executive of Peloton Interactive faced repeated margin calls on money he borrowed against his Peloton holdings before he left the fitness company’s board la...
Exxon Mobil Won’t Comment on Report It Is Exploring Deal for Denbury
Denbury’s stock jumped on Monday afternoon after a report said Exxon Mobil was considering a takeover of the oil-recovery specialist, but the oil giant said it wouldn’t comment on speculation. Bloombe...
Here’s how you’ll know stock-market lows are here, says investor who called crash in ’87
“If you think about where we are right now, the Federal Reserve Board is fighting something that it hasn’t seen really in almost four decades, which is inflation. Inflation is a bit like toothpaste: o...
Ford stock is now a ‘sell’ at UBS as an oversupply problem looms
Shares of Ford Motor Co. were hit hard Monday by UBS analyst Patrick Hummel’s recommendation that investors sell, as the auto industry is facing a worrisome U-turn from undersupply to oversupply. Humm...
Famed Value Investor Buys Stock in Citigroup, PulteGroup, and Oshkosh
Value investor Edgar Wachenheim III’s Greenhaven Associates recently made major changes in its investments. Greenhaven increased its stakes in Citigroup (ticker: C) and home builder PulteGroup (PHM), ...
Chip stocks slammed by new ban on chip and AI technology for China
The chip sector melted down Friday after U.S. regulators moved to pump the brakes on China’s military ambitions by issuing new restrictions on semiconductor and AI technology that can be sold to the c...
Tesla Won’t Stop Falling Until Musk Stops Selling. Here’s Where the Stock Is Headed.
Tesla stock has been having a terrible week, and it’s likely to get worse for the shares before it gets better. There are a few reasons for that. One is technical, the other is CEO Elon Musk. The week...
Chinese EV maker Nio’s stock resumes selloff, even as quarterly deliveries rise to a record
Shares of Nio Inc. resumed its recent selloff toward a more than four-month low on Monday, reversing an earlier intraday gain, after the China-based electric-vehicle maker reported an uptick in Septem...
DXC Stock Surges on News of Potential Sale
DXC Technology shares jumped Tuesday after the information-technology consulting firm said management had been approached by a financial sponsor regarding a potential acquisition of the company. “Cons...
Carnival’s Pricing Problems Are ‘Company Specific,’ Analyst Says
“Not all cruise operators are created equally,” wrote Stifel analyst Steven Wieczynski, saying he is upbeat about the sector despite grim news from Carnival that dragged the stocks lower last week Car...
Tesla Deliveries Set a Record. Shares Should Fall.
Tesla delivered 343,830 vehicles in the third quarter and produced 365,923. Allison Dinner/Getty Images Text size Tesla quarterly deliveries set a new record, but the number probably won’t be good eno...
Carnival Stock Sinks as Discounting Dings Earnings
Sept. 30, 2022 12:44 pm ET Listen to article (2 minutes) Carnival shares lost more than a fifth of their value Friday as the cruise giant struggled to win over travelers without offering discounts. Ca...
Hurricane Ian May Hurt Florida Properties, and Actually Help Insurers
When Hurricane Andrew hit south Florida on the morning of Aug. 24, 1992, insurance stocks opened down. But by noon they’d recovered and the sector closed up that day, recalls MKM Partners analyst Harr...
Microsoft stock slammed by cloud-growth fears, taking Amazon down with it
Microsoft Corp. shares fell more than 6% in after-hours trading Tuesday as the company’s cloud-computing growth hit a sudden deceleration and executives guided for holiday-season revenue to come in mo...