Novavax stock shedding a quarter of its value as vaccine maker’s business in ‘substantial doubt’

Novavax Inc. shares shares sank in the extended session Tuesday after the biotech drug maker posted more than double the loss that analysts expected, and reorganized with concerns it may not be in bus...

Biden taps former Mastercard executive Banga to lead World Bank

The White House announced Thursday that President Joe Biden has decided to nominate Ajay Banga, a former CEO of MasterCard, to lead the World Bank In a statement, Biden said that Banga will be able to...

Amazon’s Stock Slump Is Hitting Employee Pay

It’s not just layoffs casting a cloud over Amazon Its share-price fall is also hitting employees’ pay, forcing the company to reassure its workers about the likelihood of a rebound.  Amazon ‘s (ticker...

Fastly Stock Jumps Ahead of Earnings. Analyst Says Shares Can Soar 62%.

A BofA Securities analyst turned bullish on Fastly, upgrading shares to Buy on optimism about the company’s recently appointed CEO. The cloud computing company’s stock surged as a result. Tal Liani, B...

PayPal CEO Dan Schulman plans his exit as earnings return to growth

Only one thing was missing from PayPal Holdings Inc.’s packed fourth-quarter earnings report, which brought upbeat profit performance, a new user metric and the announcement of Chief Executive Dan Sch...

Pinterest Stock Slumps After Earnings, a Soft Outlook, and CFO Resignation

Pinterest shares were trading sharply lower in late trading Monday after the social media firm provided cautious commentary on the outlook for the March quarter and announced the resignation of CFO To...

Small-cap companies are going after naked short sellers in growing numbers: ‘It’s the biggest risk to the health of today’s public markets’

A growing number of small-cap companies are announcing plans to go after naked short sellers, claiming their stocks are being artificially depressed by illegal trading activity. Verb Technology Co. In...

Capital One Job Cuts Signal Trouble for IT Labor Market

IT positions have largely been seen as insulated from the job cuts that have hit workers at major technology firms like Alphabet Inc. and Microsoft Corp., but the Capital One layoffs affecting 1,100 e...

Genius Group CEO on why his company is fighting back against naked short sellers — and it’s not alone

“It’s like being robbed in a library, but you can’t shout ‘Thief!’ because there are ‘Silence, please’ signs everywhere.” That’s how Roger Hamilton, chief executive of Genius Group Ltd. GNS, +55.02%, ...

Netflix Stock Surges on Subscriber Beat

Netflix posted better-than-expected subscriber growth in the fourth quarter, adding 7.66 million net new subscribers, well ahead of the 4.5 million the company had projected. The company also announce...

Genius Group stock rallies more than 200% after it appoints former F.B.I. director to investigate alleged naked short selling

The stock of a Singapore-based ed-tech and education company called Genius Group Ltd. rallied more than 200% on Thursday, after it said it appointed a former F.B.I. director to lead a task force inves...

Former FTX US head denies participation in fraud involving the company

Brett Harrison, former head of the U.S. arm of FTX, distanced himself from the crypto exchange co-founded by Sam Bankman-Fried, which filed for bankruptcy back in November. Harrison, who resigned as F...

China Takes ‘Golden Shares’ in Alibaba, Tencent in Push to Control Tech Sector

E-commerce giants Alibaba and Tencent climbed on Friday despite reports the Chinese government is working to take so-called ‘golden shares’ in units of both companies.  State-run investment funds have...

AMD poaches Marvell’s Jean Hu for CFO slot as Devinder Kumar retires

Advanced Micro Devices Inc. said late Wednesday that financial chief Devinder Kumar was retiring and that Marvell Technology Inc.’s Jean Hu would take his place. Marvell MRVL, +3.81% announced that Hu...

Acacia Research says inquiry found former CEO may have misused funds

Acacia Research Corp., a company that buys other companies, and its former chief executive are in a fight that involves allegations of potential misuse of corporate money. Acacia ACTG, -1.17% on Frida...

Tesla told employees not to complain to managers about pay, labor director alleges

Electric-vehicle maker Tesla Inc. ran afoul of the law when the company told employees at an office in Florida not to complain to higher-ups about pay or discuss things like hiring, a U.S. labor board...

Tesla stock’s losing streak continues after report of hiring freeze, layoff plans

Electric-vehicle maker Tesla Inc.’s shares declined for the fourth consecutive session Wednesday, after a report of a hiring freeze and plans for layoffs. Tesla TSLA, -0.17% is planning layoffs for th...

Elon Musk says he’ll step down as Twitter CEO when he finds ‘someone foolish enough to take the job’

Elon Musk said late Tuesday he’ll resign as chief executive of Twitter — eventually. In a tongue-in-cheek tweet, Musk, who bought Twitter for $44 billion in October, said: “I will resign as CEO as soo...

Tesla Stock Just Keeps Falling. The ‘Chart’ Is in Control.

Tesla stock was weak again despite the likelihood CEO Elon Musk will step down as head of Twitter, and earnings estimates for 2023 are staying remarkably stable. Investors are scrambling. They can’t, ...

Tesla stock suffers worst week since 2020 as Elon Musk sells, large shareholder asks for new CEO

Tesla Inc. shares Friday wrapped up their worst week since 2020, as Chief Executive Elon Musk sold billions in stock and faced a call from a prominent investor to step down from the helm of the electr...

These are the 5 most damning things FTX’s CEO has to say about Sam Bankman-Fried

Sam Bankman-Fried’s management of FTX was an “utter failure” that lacked any level of financial control and allowed his family-office trading vehicle, Alameda Research, to raid the crypto exchange’s c...

The Block CEO showed ‘serious lack of judgment’ in taking loans from FTX’s Sam Bankman-Fried and not disclosing them

The fallout from the implosion of FTX continues, with crypto publication The Block on Friday announcing that Michael McCaffrey has stepped down as its chief executive officer after failing to disclose...

DocuSign Stock Spikes as Earnings Crush Estimates

DocuSign shares were trading sharply higher in late Thursday trading after the e-signature software company posted better-than-expected results. The company has had some difficult recent quarters, ous...

Opinion: Salesforce better get used to Marc Benioff in charge, because he keeps chasing off his chosen successors

Salesforce Inc. has twice promoted a seasoned executive to co-CEO, and both times it was taken as a sign that the cloud-software pioneer had found an eventual successor to co-founder Marc Benioff at t...

The Disney CFO Who Raised Concerns About Bob Chapek Has Respect on the Street

Christine McCarthy, Walt Disney Co. ’s longtime finance chief, took an unusual step when she expressed a lack of confidence in the chief executive to directors of the entertainment giant.  Finance chi...

New CIO Wants Cisco to Be a Model for Hybrid Work

Fletcher Previn, Cisco Systems Inc.’s new chief information officer, said he is working to help position the networking-equipment maker as a leader in hybrid work. “Everybody being remote in the pande...

Top Disney exec Kareem Daniel to leave as Bob Iger returns

Kareem Daniel, the chairman of Walt Disney Co.’s vast media and entertainment distribution segment, is leaving the company as part of an organizational reshuffling that comes a day after Robert Iger r...

Intel’s Newest Director Buys Big Block of Stock

On the heels of Intel CEO buying the company’s stock, the chip giant’s newest director also scooped up shares. Lip-Bu Tan, who joined Intel’s (ticker: INTC) board on Sept. 1, paid $1.35 million on Nov...

Why do people invest in crypto? ‘It’s partly fraud and partly delusion’: Charlie Munger

““The country did not need a currency that’s good for kidnappers.”” — Charlie Munger Charlie Munger, vice chairman of Berkshire Hathaway BRK.A, +0.35%, is not a big fan of crypto, and he shared some f...

You need to understand the FTX debacle even if you have no investments in crypto

The sudden collapse of FTX, the world’s third-largest cryptocurrency exchange, underlines how important it is for any investor to learn about the risks they take when they park their money with a ligh...