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...
Tag: North America
Tether Says It Has Ditched Commercial Paper. It’s a Good Sign for Stablecoins.
Tether said that it no longer holds commercial paper in its reserves, favoring U.S. Treasuries instead in a move that addresses worries about the quality of assets backing the world’s most popular sta...
U.K. Crisis Escalates as Chancellor Kwasi Kwarteng Fired
U.K. Chancellor of the Exchequer Kwasi Kwarteng has been fired over his handling of a recent economic crisis that saw bond markets crash. He left an International Monetary Fund gathering in Washington...
Kroger’s $24.6 Billion Purchase of Albertsons to Create a Grocery Giant
Grocery giant Kroger said it was acquiring rival Albertsons in a roughly $24.6 billion tie-up that will help drive profitability and establish a larger footprint of nearly 5,000 stores. Kroger (ticker...
Layoffs at Intel Could Spell a Bitter Winter for Tech. It’s Not All Bad News.
Intel looks set to be the latest tech company to announce job cuts in the face of a gloomy macro outlook—a sign that a bitter winter is coming for the sector. From a more macro perspective, there are ...
Semiconductor Stocks Tumble After U.S. Announces New Chip Restrictions
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Oil Prices Set for Biggest Weekly Increase Since March Following OPEC Cut
Oil prices on Friday were on track for their biggest weekly increase since March, as OPEC’s planned production cut heightened tension with the U.S. government over energy supplies heading into winter....
Oil Prices Hold Steady. U.S. Said to Be Looking at Relaxing Venezuela Sanctions.
Oil prices on Thursday largely held to gains from the previous session despite a report from The Wall Street Journal that the U.S. government could relax sanctions on Venezuela to allow new supply ont...
Oil Prices Slip Despite Prospect of Major Supply Cut
Oil prices fell slightly in early trading after two sessions of strong gains, ahead of an OPEC+ meeting on Wednesday when the oil group and its allies are expected to debate the biggest reduction in o...
Micron Plans to Build Largest U.S. Chip Plant Ever
Micron Technology plans to invest billions of dollars to build a huge new chip manufacturing plant. The company says the so-called megafab will be the largest semiconductor factory ever built in the U...
Ford’s EV Sales Nearly Tripled in September. The Stock Is Surging.
Ford Motor sales fell 9% in September but electric-vehicle sales almost tripled with the auto maker’s F-150 Lightning remaining the best-selling EV pickup truck in the U.S. The automaker said total ...
Logistics Not to Blame for Tesla’s Deliveries Miss. There Is a Bigger Reason.
Tesla stock was getting hammered after weaker-than-expected third-quarter delivery numbers. Wall Street seems to believe the shortfall was due to logistics. That isn’t what investors are worried about...
Bond Market Turmoil Could Last a While. How to Ride It Out.
It is an exciting time for fixed income—and a terrifying one, too. Central banks are in the midst of the most dramatic tightening of monetary policy in a generation, which has helped push yields on so...
How Low Will the Stock Market Go? S&P 3300 Might Just Be the Start.
The stock market desperately wants to put in a low. The Federal Reserve won’t let it. You wouldn’t know that from looking at the market this past week. On the one hand, U.S. economic data remains stro...
It’s Time to Buy Tech Again. Here Are 20 Stocks to Start With.
One cruel truth the stock market confirmed this past week is that trying to pick the bottom for technology stocks is a fool’s errand. The Nasdaq Composite’s terrible September—it was down 10.5% on the...
Altria to Invest in Rival Vaping Products. Ends Noncompete Agreement With Juul.
Altria on Friday said it’s looking to end its noncompete agreement with Juul, the e-cigarette maker in which it owns a stake. This will give the maker of Marlboro cigarettes a chance to start up its o...
Arrival Stock Soars. It’s Got Plans for Microfactories to Build EV Vans.
Shares in Arrival were rising in early trading after the company said it had produced a vehicle in one of its microfactories for the first time. The milestone is a welcome boost for the embattled elec...
The Stock Market Is Reeling. How It Could Stop Falling Next Week.
Text size The S&P 500 is down 23% from its January peak. Getty Images After one of the worst weeks for the stock market in 2022, two factors could swing the market over the next few days and set i...
The Stock Market Is Reeling. What to Watch This Week.
Text size The S&P 500 is down 23% from its January peak. Getty Images After one of the worst weeks for the stock market in 2022, two factors could swing the market over the next few days and set i...
Northrop Is Downgraded. Defense to Get ‘Left Behind’ in Better Macro Environment, Analyst Says.
Northrop Grumman shares were declining Friday after an analyst at J.P. Morgan downgraded the stock, citing concerns over valuation and the future of defense shares. J.P. Morgan analyst Seth Seifman do...