Zillow Group Inc. is almost done selling all the homes it bought in a flurry that led to a flameout of its iBuying business, but its plans for the future led to shares plunging in extended trading Thu...
Tag: Share Capital
AMTD Digital is worth more than 480 of the S&P 500 companies after stock rockets over 3,000% in 7 days
Early investors in AMTD Digital Inc. have basically won the lottery, as the Hong Kong-based digital business developer’s stock has zoomed 3,165% higher over the past seven days. The stock HKD, -30.89%...
Airbnb stock falls sharply despite earnings beat, plan to repurchase $2 billion in stock
Airbnb Inc. said Tuesday that it had its first profitable second quarter as a public company, and that it is so confident in its business that it is buying back $2 billion of its stock. “Our Q2 result...
Tesla Stock Falls After a Blowout July as Vote on Stock Split Looms
Text size Tesla’s shareholder meeting is on Thursday. Nicolas Asfouri/AFP via Getty Images Tesla stock was slipping back Tuesday amid a wider dip in stock markets as a crucial shareholder meetin...
BP raises dividend and buyback after profit surge
BP PLC BP, +3.29% on Tuesday reported that its profits rose further in the second quarter of the year, and increased both the dividend and the quarterly share buyback. The multinational energy group m...
Apple Borrows Money to Buy Back Stock. What That May Say About the Bond Market.
Text size A new Apple store in London, shown in late July. Dan Kitwood/Getty Images Apple is gearing up for a four-part bond sale to fund stock buybacks. Apple (ticker: AAPL ) is planning to use the p...
Jack Ma Plans to Cede Control of Ant Group
HONG KONG—Billionaire Jack Ma plans to relinquish control of Ant Group Co., people familiar with the matter said, part of the fintech giant’s effort to move away from affiliate Alibaba Group Holding a...
Uber and 10 Other ‘Busted IPOs’ That Could Still Have Value
Text size Of the top five 2021 IPOs ranked by size, all are in the red versus original offering prices, including Rivian Automotive. Justin Sullivan/Getty Images Investors often clamor for access to b...
Alphabet, Amazon Look Ready to Join the Dow After Stock Splits
Text size Sundar Pichai, CEO of Alphabet. Kyle Grillot/Bloomberg The recent stock split by Alphabet could pave the way for the search giant and Amazon . com to join the Dow Jones Industrial Average . ...
VW Board Ousts CEO Herbert Diess After Pivot to Electric Vehicles
Key shareholders in Volkswagen joined forces with labor leaders to oust Chief Executive Officer Herbert Diess, who was in the midst of a push to turn the German auto company into a top maker of electr...
GameStop Stock Is Splitting to $38. Trading Starts Today.
Text size GameStop has been hit hard as more people download games rather than using physical discs. Justin Sullivan/Getty Images The GameStop saga is set to take another turn on Friday when shares be...
Snap Plans to Split Its Stock. There’s a Big Caveat.
Text size Snap co-founders Bobby Murphy (left) and Evan Spiegel (center) at the Snap IPO in 2017. Drew Angerer/Getty Images Snap intends to split its stock—if it can more than triple in price. The Sna...
GameStop Stock Is Splitting to $38. Trading Starts Friday.
Text size GameStop has been hit hard as more people download games rather than using physical discs. Justin Sullivan/Getty Images The GameStop saga is set to take another turn on Friday when shares be...
Google’s stock split won’t matter in a recession, analyst says
Shares of Alphabet Inc. slumped Monday, with MKM Partners analyst Rohit Kulkarni saying the impact of an economic slowdown could offset the benefits from the long-waited stock split taking effect. The...
Google Parent Alphabet Starts Trading at Split-Adjusted Price
Text size Dividing up the shares of Google-parent Alphabet should make them easier for investors to buy. Dreamstime Shares of Google parent Alphabet start trading at a new price today after the stock ...
What big Wall Street banks say about where the S&P 500 will end 2022
The stock market has steadied at midyear, but after a historically ugly six months that saw the S&P 500 enter bear territory, big Wall Street banks offer diverging views on where equities are like...
Reddit Traders Haven’t Given Up on GameStop. Neither Have Short Sellers.
Text size GameStop announced a stock split, a CFO departure, and layoffs this week. Spencer Platt/Getty Images GameStop was back in the news this week after the company announced a stock split, a CFO ...
Exxon Mobil’s Darren Woods: Barron’s Top CEOs 2022
Darren Woods is CEO of Exxon Mobil Christopher Pike/Bloomberg Text size Empty roads presented a clear problem for a company in the business of pulling oil out of the ground and turning it into fuel. B...
Berkshire Hathaway Director Ron Olson Scooped Up Shares
Text size Attorney Ron Olson walks to a session at the Allen & Company Sun Valley Conference in July 2021. Kevin Dietsch/Getty Images A longtime director of Berkshire Hathaway snapped up the stock...
Sundial Growers to seek shareholder approval for share consolidation
Sundial Growers Inc. SNDL, +3.43% said it planned to seek shareholder approval for a share consolidation at an upcoming annual and special meeting of shareholders on July 21. The cannabis company said...
GameStop Will Split Its Stock. What Amazon and Google Suggest Happens Next.
Text size GameStop’s stock split will take effect this month. Justin Sullivan/Getty Images GameStop was flying on Thursday, but this time it was a stock split—and not a meme-driven frenzy—sendin...
GameStop Shares Rise After Board Declares 4-for-1 Stock Split
GameStop declared a 4-for-1 stock split Wednesday, sending shares of the videogame retailer higher in after-hours trading. The Grapevine, Texas-based company proposed a stock split in March, although...
Bank Stocks Boost Dividends After Fed Stress Tests
Text size The Fed’s annual stress tests were introduced following the 2008-09 financial crisis. Dreamstime Morgan Stanley , Goldman Sachs , Wells Fargo , and Bank of America said they would rais...
Goldman Sachs and Wells Fargo Boost Dividends After Fed Stress Tests
Text size The Fed’s annual stress tests were introduced following the 2008-09 financial crisis. Dreamstime Morgan Stanley , Goldman Sachs , Wells Fargo and Bank of America said they would raise ...
Analysts see lowest grades for Bank of America and JPMorgan in Fed’s stress test
Bank of America Corp. and JPMorgan Chase & Co. emerged with the lowest marks among the overall passing grade for banks in the Fed’s annual stress test, analysts at Jefferies and Citigroup said Fri...
IPOs From 2021 Have Crashed. It May Be Time to Buy Some of Them.
Text size A view of the Fearless Girl statue wearing an F45 Training hat. Noam Galai/Getty Images Most initial public offerings from 2021 have performed badly, and Jefferies suggests that 13 from that...
Kellogg Plans to Split Into 3 Companies. The Stock Is Spiking.
Text size Kellogg’s Global Snacking business will be the largest of the three companies, with net sales of about $11.4 billion. Gabby Jones/Bloomberg Kellogg stock was rising on Tuesday after th...
Buffett Filing Indicates Berkshire Was a Light Buyer of Its Shares This Quarter
Text size Warren Buffett has slowed stock repurchases as Berkshire’s share price has risen. Steve Pope/Getty Images A filing Wednesday by Berkshire Hathaway CEO Warren Buffett indicates the comp...
Companies Are Still Buying Back Stock. Ones to Favor, and Ones to Avoid.
Text size Las Vegas Sands is sitting on a pile of cash after selling its Vegas properties, including the Venetian Resort. Roger Kisby/Bloomberg With the stock market tumbling again, it’s bargain-hunti...
Alibaba shares decline in Hong Kong, extending Wall Street’s selloff
Alibaba Group Holding Ltd. fell in Hong Kong morning trading, extending a selloff overnight on Wall Street after its fintech arm Ant Group Co. denied reports about a revival of its initial public offe...
Facebook Changed Name, Now Changing Ticker. What It Means for the Stock.
Text size Meta Platforms follows a number of high-profile companies that changed their ticker symbols. Fabrice Coffrini/AFP via Getty Images Meta Platforms , formerly known as Facebook , is taking the...
Opinion: As Snap melts down, its founders make sure to protect the people who matter: themselves
Snap Inc. has never been an investor-friendly company — as long as those investors weren’t its founders, at least — and the parent company of the Snapchat app made that even clearer Thursday. Amid a m...