Blackstone’s Big New Idea Leaves It Bruised

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Largest U.S. Pension Buys Up Apple, Tesla, and Disney Stock. It Sold Walmart.

The largest public pension in the U.S. by assets just made major changes in its investment portfolio. The California Public Employees’ Retirement System bought more Apple (ticker: AAPL), Tesla (TSLA),...

Bed Bath & Beyond to Shut Down Canadian Stores in Bankruptcy

Bed Bath & Beyond Inc.’s Canadian division will shut down its stores under court protection after the company received an unusual lifeline earlier this week to save its U.S. operations from bankru...

This Facebook executive’s $4 million stock sale could be another sign of Meta’s rebound

A Meta Platforms Inc. executive’s multimillion-dollar stock sale could be another sign that things are returning to normal at the social-media company. Chief Business Officer Marne Levine sold $4.45 m...

Buy Hertz Stock. It’s Cheap, Well-Run, and Renting Teslas.

A revitalized Hertz is set to put investors in “the driver’s seat,” to borrow a phrase from its 1960s ad campaign. This isn’t the Hertz of old, however. Before 2020—and its bankruptcy filing—the compa...

Everything GE CEO Larry Culp Had for Investors in the Annual Report

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Raytheon CEO Bought Up This Energy Stock

After a strong 2022, Phillips 66 stock recently slipped, and one director scooped up shares of the diversified-energy firm on the open market. Phillips 66 stock (ticker: PSX) surged 44% in 2022—a stro...

Bed Bath & Beyond equity offering ‘one of the most unusual financing situations we have witnessed,’ analyst says

Bed Bath & Beyond Inc.’s BBBY, -8.13% unusual equity offering may have averted bankruptcy for the time being, but big challenges remain for the troubled retailer, according to KeyBanc Capital Mark...

Bed Bath & Beyond’s lifeline comes at ‘incredible cost’ to shareholders, analyst warns

Bed Bath & Beyond Inc.’s equity offering may be a lifeline as the troubled retailer teeters on the brink of bankruptcy — but it could spell trouble for the company’s shareholders, according to Wed...

Sell your Bank of America shares now, says KBW

Shares of the largest U.S. banks have been performing well so far this year, but David Konrad of Keefe, Bruyette and Woods believes the party is over for Bank of America Corp. Konrad downgraded Bank o...

Robinhood accidentally sold short on a meme stock and lost $57 million

Robinhood Markets Inc. accidentally sold short on a small stock as it went on a meme-like ride in December, costing the trading app more than the stock’s current market capitalization, executives disc...

15 dividend stocks whose 5% to 10% yields appear safe in 2023 and 2024 by this analysis

Corrected dividend stock screen table, because Hanesbrands had eliminated its dividend on Feb. 2. See note above table. If you are investing in dividend stocks, the last thing you want to see is a com...

Why Biden’s 4% buyback tax could boost stock prices and dividends

The Biden administration’s new stock buyback tax will have little impact on the overall stock market. It might even actually help it. I’m referring to the new 1% excise tax on share repurchases that w...

AT&T’s stock no longer a buy despite ‘commendable’ performance, analysts say

AT&T Inc. has its act together in wireless, but that’s already well understood by Wall Street, according to LightShed Partners analysts. After refocusing its business on connectivity in the wake o...

Biden targets stock buybacks — do they help you as an investor?

There seem to be two camps when it comes to stock buybacks. On one hand, share buybacks can reduce a company’s share count, which increases profit per share and hopefully supports a rising stock price...

Will $2 billion merger of Cresco and Columbia Care reach the finish line? Analysts see ‘market doubt’ for cannabis deal.

Cresco Labs Inc. and Columbia Care Inc. investors have signaled that a major merger in the cannabis space may be struggling to reach the finish line, analysts said. In March 2022, Cresco Labs CRLBF, +...

A Successful EV Start-Up Needs Cars, Capacity, and Cash

The company that provided the chassis for the original Tesla Roadster has reimagined itself as an electric-vehicle start-up. The market doesn’t have much love for EV start-ups in general these days, b...

Bed Bath & Beyond stock surges in revenge of the meme stocks that lifts AMC

Bed Bath & Beyond Inc. led a revenge of the meme stocks Monday, with shares rallying 92%, but the stock turned around hard in after-hours trading as executives announced plans to sell convertible ...

ServiceNow CEO’s $25 million stock sale called ‘opportunistic’ as shares slide

Shares of ServiceNow Inc. declined in Monday trading after the company’s chief executive disclosed the sale of a sizable chunk of stock. CEO Bill McDermott cashed out of almost 54,000 shares, worth ne...

Large U.S. Pension Sells Alibaba, TSMC, MGM Stock. It Bought Harley-Davidson.

One of the largest U.S. public pension plans made big changes in its investments, including Asian tech giants. The New York State Common Retirement Fund cut its investments in Alibaba Group Holding (t...

Richer Than Elon Musk, He Bought Tiffany at a Tough Time. He’s Got a Gem Now.

There’s a reason Bernard Arnault is the world’s richest person. The chairman, CEO, and controlling shareholder of LVMH Moët Hennessy Louis Vuitton the world’s largest luxury-goods merchant, knows how ...

Sherwin-Williams CEO John Morikis Bought Up Shares

S herwin-Williams ’ poor outlook in late January sent shares of the paint and coatings giant tumbling.Nonetheless, the company’s top executive bought a large block of stock. Sherwin-Williams (ticker: ...

Pfizer Is Moving Beyond Covid. Why Its Stock Is a Buy.

Pfizer probably did more than any other company to help the world normalize from the pandemic, and it reaped a financial windfall from its twin Covid-19 franchise—the top-selling vaccine and the leadi...

‘Patience will be rewarded.’ Here’s why Wall Street is not panicked over Amazon’s earnings slump.

Amazon.com Inc.’s worst annual loss ever was triggering a gentle gallop toward the exits among investors on Friday, but Wall Street analysts were stoic, urging patience on the long-term value offered ...

Intel CEO Pat Gelsinger and CFO David Zinsner Buy Up Stock

Two of Intel ‘s top executives just bought up shares of the chip maker on the open market after the company issued disappointing guidance. They’ve done it before. Intel (ticker: INTC) CEO Pat Gelsinge...

Buy Linde Stock. The Industrial-Gas Giant Is Going All-In on Hydrogen.

The thunderous force of the Niagara River above the famous falls will soon power a plant three miles away as it pumps out clean energy in the form of hydrogen. It heralds an exciting future for a cent...

What Happens to Buybuy Baby if Bed Bath & Beyond Files for Bankruptcy?

As Bed Bath & Beyond faces a growing risk of bankruptcy, the question of what will become of its strongest asset, Buybuy Baby, has loomed large. The chain, which sells strollers, car seats, and ot...

Eli Lilly and Novo Stock Sold Off. Don’t Blame Their Diet Drugs.

Stock in Eli Lilly and Novo Nordisk outperformed last year, largely because of remarkable demand for new drugs that drive weight loss in patients afflicted with diabetes and obesity. Both stocks were ...

Ford Missed Earnings, Will Pay Special Dividend, and Sold Rivian Stake

Ford Motor’s earnings for the fourth quarter weren’t good enough even though guidance for 2023 was just about right. The stock is falling even as strong cash flow has the company paying a special divi...

Shell Posts Annual Profit Record of $40 Billion and Launches $4 Billion Buyback

Shell the oil and gas giant, posted a record annual profit of $40 billion and announced a new $4 billion share buyback program Thursday, sending the stock higher. British energy giant Shell (ticker: S...

BlackRock Buys Silvergate Stock. Others Are Bullish on the Beaten-Up Crypto Bank.

The world’s largest asset manager, BlackRock disclosed a significant position in Silvergate Capital the beaten-down banker to the cryptocurrency industry whose share price has been a high-profile casu...