Micron Suspends Executive Bonuses. The Stock Was Upgraded, Too.

Micron Technology has suspended bonuses for executives, and the stock earned an upgrade, though the two don’t appear to be connected. Micron (ticker: MU) said late Thursday a board committee had appro...

PepsiCo Beats Earnings Estimates and Hikes Dividend. The Stock Is Rising.

PepsiCo beat earnings and revenue estimates in the fourth quarter, driven by higher prices. It increased its annual dividend, sending the stock higher in premarket trading Thursday. The beverages and ...

T-Mobile Stock Is Downgraded as Wireless Industry Faces a ‘Great Deceleration’

T-Mobile US stock was falling Monday after an analyst downgraded shares of the wireless carrier amid concerns over subscriber growth. Craig Moffett, an analyst at MoffettNathanson, a division of SVB S...

Newmont Makes $17 Billion Offer for Australia Gold Miner Newcrest

Newmont has made an offer worth around $17 billion to acquire Australia’s Newcrest Mining an approach which could set off competing bids as international gold miners seek to secure the most promising ...

Apple, Amazon, Alphabet, Ford, Nordstrom, and More Stock Market Movers

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Meta, Merck, Apple, Alphabet, Amazon, and More Stock Market Movers

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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...

Altria Unveils $1 Billion Stock Buyback as Earnings Top Estimates

Marlboro maker Altria Group beat earnings and revenue estimates in the fourth quarter and announced a new $1 billion share buyback plan. The cigarettes company reported adjusted earnings per share (EP...

BP May Cut Renewable Energy Spending. Its Stock Could Catch Exxon, Chevron.

BP stock was heading higher Wednesday morning after the Wall Street Journal reported that the European oil giant was planning to narrow its investments in renewable energy. The former British Petroleu...

Lithium Americas Soars After GM Invests $650 Million. EV War Is Escalating.

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BP Cuts Long-Term Oil and Gas Demand Outlook. It’s Good News for Renewables.

BP lowered its long-term oil and gas demand outlook as it said Russia’s war in Ukraine will accelerate the global shift toward renewable energy in a report Monday. In its 2023 energy outlook, the Brit...

Tesla, GM, Lucid, Alibaba, and More Stock Market Movers

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China E-Commerce Giant Alibaba Falls After Reports of Move to Singapore

Stock in Alibaba the Chinese e-commerce site, fell 7% in Hong Kong trading on Monday after reports the company is moving its headquarters out of the country. Alibaba (ticker: HK:9988) to be building a...

Intel’s Data Warning Hits AMD and Nvidia Stock. A Chip Sector Upheaval Is Near.

Intel ‘s disappointing results and warning of a contracting data-center market knocked the stock in some of its key rivals on Friday.  Intel (ticker: INTC) shares were down 10% in premarket trading af...

Why Layoffs at 3M, Dow Are More Concerning Than Amazon, Google and Microsoft

Layoffs are spreading beyond tech. That’s a troubling trend investors should be paying attention to. On Thursday, chemicals giant Dow Inc. (ticker: DOW) reported weaker-than-expected fourth-quarter nu...

Dow Inc. Warns of Weakness, to Lay Off 2,000 Workers as Earnings Fall

Chemicals giant Dow Inc. sees the global economy slowing down and is preparing for weakness by cutting costs and focusing on cash generation. That’s the right playbook for a weak operating environment...

Nokia Earnings Top Expectations. India is Powering Its 5G Growth.

Nokia stock climbed on Thursday after the Finnish telecommunications company beat analysts’ expectations for its fourth-quarter earnings and sales, as 5G installation in countries such as India underp...

Buy Rivian and Tesla Stock, Sell Fisker and Lucid Stock, Analyst Says. Here’s Why.

Tesla ‘s coming price cuts are going to make it very difficult for other electric vehicle startups—which means investors will have to be choosier when selecting stock in the sector. The Tesla (ticker:...

Microsoft, Texas Instruments, Tesla, Intuitive Surgical, and More Market Movers

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ASML Profit Tops Expectations. It Sees a Chip Market Rebound.

ASML Holding, a critical supplier to the global chip-making industry, said Wednesday that it expects to report more than 25% sales growth this year despite uncertainty in the semiconductor industry, a...

3M, Lyft, Verizon, Lululemon, and More Stock Market Movers

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Salesforce, Abbott, Spotify, and More Stock Market Movers

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Apple Will Struggle to Post Growth Amid Waning iPhone Demand, Warns J.P. Morgan

Apple faces a tough task to meet Wall Street expectations for the first two quarters of its current fiscal year as supply problems feed into lower demand, according to analysts at J.P. Morgan   Apple ...

Carvana Adopts a ‘Poison Pill’ to Ward Off a Hostile Takeover. Stock Bounces.

Carvana stock rose Tuesday after the used-car retailer announced it is adopting a net-operating-loss poison pill. Net operating losses, or NOLs carryforwards, are a tax provision allowing businesses t...

Alibaba a Target of GameStop’s Ryan Cohen. Why the Stock Market Shrugged.

Investor Ryan Cohen, who has found fame with activist campaigns at meme stocks such as GameStop and Bed Bath & Beyond is now targeting Chinese e-commerce giant Alibaba   The billionaire co-founder...

Alibaba, XPeng, Goldman Sachs, and More Stock Market Movers Tuesday

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Alibaba and Other Chinese Stocks Are Soaring as Clampdown Eases

Chinese stocks are soaring this month with Hong Kong-listed shares in e-commerce giant Alibaba up 31% amid signs China’s regulatory crackdown is thawing and strict Covid-19 controls are being relaxed....

Bed Bath & Beyond, Virgin Galactic, Ford, and More Stock Market Movers Friday

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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...

Taiwan Semiconductor Braces for Downturn Despite Record Profit

Taiwan Semiconductor Manufacturing has reported a record net profit and beat analysts’ expectations for its fourth quarter but warned of waning demand in 2023.  Taiwan Semiconductor (ticker: TSM), the...

Several Top Rivian Executives Depart After Production Miss

Rivian Automotive the startup maker of electric trucks, has parted ways with several of its top executives after production targets were missed over the past year. Those who left include Randy Frank, ...

Metropolitan Bank Is Fleeing Crypto. Bitcoin Investors Should Be Worried.

Metropolitan Bank Holding (ticker: MCB), one of the earliest banks to delve into digital assets, says it’s closing out the part of its business that catered to crypto firms. It’s a development that sh...