Text size Lawyers for Elon Musk said on Friday that Twitter’s severance payments to a former employee violate the merger agreement. AFP via Getty Images Lawyers for Tesla CEO Elon Musk said late...
Tag: Ownership Changes
AT&T’s Dividend-Loving Investors Are Dialing the Wrong Number
AT&T income-hungry shareholders should have seen it coming. In April last year, a month before announcing the spinoff of its media division to shareholders in the form of shares of a 71% stake in ...
AMD Is the Chip Stock to Buy Over Nvidia and Intel, Says Analyst. Here’s Why.
Text size AMD releases its next-generation Ryzen 7000 series chips on Sept. 27. Dreamstime Advanced Micro Devices is the best bet out of the three major U.S. computer chip companies, according to Stif...
Ernst & Young Leaders Expected to Approve Plan to Split Accounting Company
Ernst & Young’s leaders are expected this week to give the green light to splitting its auditing and consulting businesses, paving the way for the biggest shake-up in the accounting profession in ...
Bitcoin Prices Are Falling. Why Analysts Say a ‘Massive Capitulation’ Is Coming.
Text size Bitcoin continues to trade at less than one-third its all-time high from November 2021. Ozan Kose/AFP via Getty Images Bitcoin and other cryptocurrencies were under pressure on Monday. While...
Wall Street Analysts Rate Stocks With a Variety of Labels. Here’s How to Read Them.
Text size Wall Street analysts slap Buy, Strong Buy, Sell, Underperform, Neutral or other labels on stocks Michael Nagle/Bloomberg Ratings can be confusing. Analysts slap Buy, Strong Buy, Sell, Underp...
Forget Bitcoin. Interest in Ether Is Booming Ahead of ‘The Merge.’
Investors have flocked into Ether trades as a critical upgrade to one of crypto’s most crucial networks looms large this month, setting the stage for volatility in the days and weeks to come. Set to b...
CVS Is in Advanced Talks to Buy Signify Health for Around $8 Billion
CVS Health is in advanced talks to acquire the home-healthcare company Signify Health for around $8 billion, according to people familiar with the matter. CVS appears to have beat out other heavy hitt...
Warren Buffett’s Berkshire Hathaway sells off more BYD Co. stock
Warren Buffett’s investment company Berkshire Hathaway Inc. has further pared its ownership in Chinese auto maker BYD Co. after recently disclosing that it had started selling some shares. Berkshire H...
After selling Nvidia last month, Cathie Wood’s ARK snaps up graphic chipmaker’s stock as it hits 52-week low
That was a quick turnaround. After cutting its stake in Nvidia ahead of the graphic chipmaker’s results last month, Cathie Wood’s ARK Invest has now bought the stock in three of the company’s funds. T...
Lucid, SoFi, and 3 Other SPAC Stocks Whose Downturns Might Be Ending
Text size Most SPAC-related stocks, including Virgin Galactic, haven’t been soaring in recent months. Courtesy Virgin Galactic Sometimes the best time to look for new investment ideas are when t...
ChargePoint Earnings Are Today. What to Expect.
Text size ChargePoint has grown sales faster than it expected. Bing Guan/Bloomberg ChargePoint has had a flurry of good news. That raises the bar for the electric-vehicle charging company’s quarterly ...
Berkshire Hathaway’s Utility Business Highlights the Warren Buffett Magic
Earnings at Berkshire Hathaway ’s big utility business have risen more than 30-fold since Warren Buffett bought the core of that operation in 2000, illustrating the power of the CEO’s patient approach...
3M stock extends bounce after UBS recommends investors stop selling, saying sentiment is ‘washed out’
Shares of 3M Co. extended their bounce Friday, after a long-time bearish analyst said investors should stop selling, as the recent “derating” in price suggests all litigation liability has already bee...