Text size A vehicle with Luminar LiDAR Patrick T. Fallon/AFP/Getty Images Luminar Technologies stock has been slumping, and founder and CEO Austin Russell scooped up the cheaper shares. Luminar (ticke...
Tag: Ownership Changes
Should You Buy PayPal Stock After Its Big Drop? Don’t Rush In.
PayPal refrained from reiterating growth targets, trimmed its forecasts, and said it was shifting strategy away from growing its user base in its latest earnings. Dreamstime Text size PayPal Holdings ...
AT&T CFO Defends Spinoff, Saying It Benefits Retail Investors
Text size AT&T’s chief financial officer, Pascal Desroches. Courtesy AT&T AT&T is defending its move to spin off its big stake in WarnerMedia rather than pursue a split-off, or excha...
Netflix Co-CEO Reed Hastings Bought $20 Million of Stock
Text size Netflix co-founder and co-CEO Reed Hastings just made his first purchase of the company’s shares on the open market. Henrik Jonsson/Dreamstime.com Netflix ‘s stock has slumped in 2022,...
How Low Can Bitcoin Go? The Views Vary.
Illustration by Elias Stein Text size Tighter monetary policies are weighing on speculative assets like crypto, Bitcoin crashed from $43,000 to $33,000 in four days and lost 23% of its value. On Jan. ...
AMD is about to wander into a minefield
Advanced Micro Devices Inc. earnings will serve as an important indicator on whether the semiconductor outlook is truly weak in early 2022, or whether it’s just weak for certain companies. AMD AMD, +2...
AT&T Earnings Beat Forecasts. The Stock Can’t Get Past Spinoff Uncertainty.
Text size AT&T stock rose despite a “disappointing” earnings outlook. Justin Sullivan/Getty Images AT&T ‘s reported fourth-quarter results on Wednesday that continued a streak of s...
AT&T stock rises after earnings beat expectations
A leaner AT&T Inc. topped earnings expectations Wednesday as the company continued to narrow its focus on its core strengths. The company generated net income of $5.0 billion, or 69 cents a share,...
IBM stock rallies as earnings, sales surge amid Kyndryl spinoff
International Business Machines Corp. shares rallied in the extended session Monday after Big Blue topped Wall Street expectations following the spinoff of its managed infrastructure-service business,...
IBM Reports Its Earnings Monday. Here’s What to Expect.
Text size IBM has previously said it expects annual growth to return to the mid-single-digits range, starting this year. David Paul Morris/Bloomberg IBM will report fourth-quarter earnings after the c...
Opinion: Invest in Google if you like — but that stock split isn’t a solid reason to be bullish
CHAPEL HILL, N.C. – Alphabet’s just-announced 20-for-1 stock split is not the bullish omen that investors are making it out to be. There are two major arguments being given for why this stock split is...