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...
Tag: Share Capital
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...
Tech’s Bill Is Coming Due. Investors Aren’t the Only Ones Who Will Pay.
For two years now, tech companies have spent massive amounts of money building the capacity to serve what they believed would be a higher level of postpandemic demand. If you build it, they will come....
Alibaba shares rise in Hong Kong after Jack Ma cedes control of Ant Group
Shares of Alibaba Group Holdings are higher following news that co-founder Jack Ma is ceding control of affiliate company Ant Group Co., potentially paving the way to revive plans for an initial publi...
The 2022 IPO Market: A Dearth of Volumes and Names
Investment bankers had a brutal year. One big reason: a dearth of initial public offerings. Thirty-seven companies went public in 2022 and raised a mere $7 billion, the lowest amount of IPO proceeds s...
Cosmos Health stock nearly triples after reverse stock split, then gives it all back in late trading
Cosmos Health Inc.’s stock price nearly tripled Friday as investors responded to the company’s reverse stock split, but those gains disappeared in after-hours trading. The Chicago-based company announ...
Broadcom refuses to provide full-year outlook, cites limited visibility as it ‘scrubs’ backlog
Broadcom Inc. late Thursday gave Wall Street analysts quarterly earnings and an outlook that topped consensus estimates, hiked its dividend and recommitted to share buybacks, yet analysts kept asking ...
‘The outflows have basically stopped.’ Credit Suisse chairman says stock-price volatility to end after capital increase is completed
“The outflows basically have stopped. What we saw is two or three weeks in October, voom, and since then a flattening out. They have started gradually coming back, particularly in Switzerland.” That’s...
Second-Largest U.S. Pension Buys Up Rivian, Snowflake, Airbnb, and Noble Stock
America’s second-largest public pension by assets recently increased its investments in some of the market’s more volatile stocks. The California State Teachers’ Retirement System doubled its stakes i...
Palo Alto Networks stock rallies on yet another beat-and-raise quarter
Palo Alto Networks Inc. shares rallied in the extended session Thursday after the cybersecurity company added another consecutive beat-and-raise quarter to its collection, and possibly renewed its M&a...
Berkshire Hathaway’s Earnings Are Saturday. Here’s What to Watch.
When Berkshire Hathaway reports its third-quarter earnings on Saturday, investors won’t be spending a lot of time looking at the bottom line. The conglomerate’s stock buybacks, equity purchases, and l...
Lockheed’s Stock Has Soared. One Director Scooped Up More Shares.
Lockheed Martin stock has trounced the market this year, and director John Donovan just bought some more shares of the aerospace and defense giant. Lockheed (ticker: LMT) stock sports a 36% year-to-da...
Apple’s Stock Buyback Pace Hits Record $25.2 Billion
Text size Apple has been astonishingly aggressive in buying back its own stock. Getty Images Almost five year ago, Apple Chief Financial Officer Luca Maestri said on an earnings conference call that t...
Mobileye Prices IPO At $21, Just Above the Expected Range
Mobileye Global priced its initial public offering at $21 a share late Tuesday, raising about $800 million. The offering values the maker of self-driving car systems at about $17 billion. The $21 deal...
Mobileye prices IPO above targeted range to raise nearly $1 billion, and most of it will go to Intel
Mobileye Global Inc. priced its initial public offering higher than its targeted range late Tuesday to raise nearly $1 billion, most of which will go to Intel Corp. Mobileye priced its initial public ...
Intel earnings: Layoffs and margin pressure could overshadow Mobileye IPO
Intel Corp. must contend this week with an earnings report that notably lacked a formal pre-announcement, a bleaker-than-expected PC market and rumored layoffs, which will likely overshadow the initia...
Elon Musk teases massive Tesla stock buyback as CFO trims forecast for annual deliveries and stock falls
Tesla Inc. Chief Executive Elon Musk suggested the electric-vehicle maker could repurchase up to $10 billion worth of its stock Wednesday, as shares declined following a third-quarter revenue miss and...
A Big Tesla Stock Sale Is Coming. We Don’t Know How Big.
It’s looking increasingly likely that Tesla investors will have to deal with their CEO Elon Musk buying social media platform Twitter In the long run, the issue for Tesla (ticker: TSLA) investors is m...
Goldman CEO Frustrated by Stock Price, Says Most Staff in Office Every Day
Goldman Sachs Group CEO David Solomon expressed some frustration with the valuation of the company’s stock, noting that it generally has traded a premium to book value since its IPO in 1999. “Would I ...
Kroger Pauses Buybacks to Prioritize Debt Reduction After Albertsons Deal Closes
Grocery giant Kroger Co. is pausing share buybacks ahead of its planned acquisition of rival Albertsons Cos. Inc., aiming to use the additional cash to reduce its debt as it closes one of the biggest ...
‘This is not QE or QT. This is none of those.’ Why the U.S. Treasury is exploring debt buybacks
The U.S. Treasury Department on Friday said it plans to start talking with primary dealers in late October about the potential for it to begin buying back some of its older debt to help stave off mark...
Tesla Stock Is Too Cheap. It Should Start Buying Back Its Own Shares.
Future Fund Active ETF co-founder Gary Black sent a letter to Tesla board of directors with a recommendation on how to spend some of the company’s growing cash hoard. He wants them to buy back Tesla (...
Electric-Vehicle Makers and Suppliers Drive Into a Stormy IPO Market
Updated Oct. 8, 2022 5:33 am ET Listen to article (2 minutes) Electric-vehicle makers in Asia and the companies that supply them are rushing to capital markets to raise money, as they try to take adva...
Porsche stock continues to climb after IPO
Shares in luxury automaker Porsche rose as much as 6% on Thursday, taking its gains to nearly 13% since its launch on the Frankfurt Stock Exchange in Germany last week. Porsche’s P911, +3.37% preferen...
Poshmark to Sell Itself for Less Than Half Its IPO Price to Korea’s Naver
Listen to article (2 minutes) Poshmark has agreed to sell itself in a deal that values the social shopping marketplace at less than half the price where it went public in early 2021. South Korean inte...
Intel files for Mobileye IPO, creating share structure that keeps it in control
After nearly a year’s wait, Mobileye is on the highway to Wall Street. Intel Corp. INTC, -2.31% -owned Mobileye Global Inc. launched its drive to an initial public offering in a Securities and Exchang...
Porsche Stock Rises After IPO Raises $9.2 Billion
Porsche rose about 4% Thursday to €86 a share in the stock’s trading debut on the Frankfurt stock exchange. The much anticipated Porsche initial public offering raised about €9.4 billion ($9.2 billion...
Porsche Stock Pops in First Day of Trading and Volkswagen Drops. Here’s Why.
Sometimes markets can be funny. Porsche stock was rising while Volkswagen which owns most of Porsche stock, was falling. That reaction is likely to confuse some investors. The IPO of Dr Ing HC F Porsc...
Porsche Is Sued by a U.S. Dealership Ahead of the Sportscar Maker’s IPO
Text size Porsche’s U.S. sales declined from a year earlier in the first half of 2022. Allison Dinner/Getty Images A South Florida dealership is suing Porsche, just ahead of an initial public of...
5 Energy Companies That Could Lift Shareholder Payouts
Text size Shell has a dividend yield is 3.6% today and could raise it, says Cowen analyst Jason Gabelman. John Thys/AFP via Getty Images Several big energy companies could announce larger returns to s...
Buy Volkswagen Stock. Porsche’s IPO Could Unlock Value at the Emerging Tesla Challenger.
A successful Porsche IPO could unlock value at Volkswagen, an emerging Tesla rival. Here, a 2022 Porsche Taycan GTS Hockenheimring edition is being painted. Porsche Text size With the exception of Tes...
AT&T Stung Investors by Spinning Off Warner Bros. Discovery
AT&T ‘s April decision to parcel out its big interest in Warner Bros. Discovery to all shareholders, rather than giving them the option of receiving an equivalent amount of the phone company’s sto...