Shares of China-based electrical vehicle makers shot higher Tuesday after October deliveries were reported, but glimmers of hope that China will relax the zero-COVID policy that has slowed the country’s Read more
Tag: Corporate Actions
Analysts upgrade price targets as BP tops earnings expectations
Analysts have boosted their price targets for oil and gas giant BP as it reported a jump in profits, driven both by the rise in prices thanks to the Russian Read more
Judge blocks Penguin Random House from buying Simon & Schuster over antitrust concerns
A federal judge on Monday blocked Penguin Random House from acquiring rival book publisher Simon & Schuster for about $2.18 billion, agreeing with the Justice Department that the planned merger Read more
GameStop stock soared, then fell all the way back down, in biggest price reversal since May. But why?
Something strange happened to GameStop Corp. GME, +0.50% stock on Monday. Minutes after the opening bell rang out on the New York Stock Exchange, both the price of the company’s Read more
Herbalife puts former CEO back in charge and withdraws guidance; stock slides
Shares of Herbalife Nutrition Ltd. slid Monday after the nutrition marketer pulled its full-year outlook and announced that its chief executive was stepping down, saying bigger economic pressures and rising Read more
As DoorDash stock hits lowest price ever, analysts track a slowdown in food delivery
The food-delivery business has seen lots of ups and downs this year — shutdowns, layoffs, consolidations — as consumers resume their pre-pandemic ways. Now, data and insider commentary about the Read more
Apple stock dips amid questions about iPhone production disruptions at Foxconn
Apple Inc. continues to be dogged by concerns about the pandemic’s impact on production after recent reports indicated that strict COVID-19 restrictions in China were affecting Foxconn, which manufactures iPhones. Read more
Blackstone buying Emerson unit in biggest LBO deal in months
Emerson Electric Co. is selling a majority stake in its climate-technologies business to Blackstone Inc. in a transformational deal for the industrial company that would value the unit at $14 Read more
Twitter braces for mass layoffs under new owner Elon Musk
Twitter Inc. is drafting plans for broad layoffs, according to people familiar with the matter, days after the social-media platform was taken private by billionaire Elon Musk for $44 billion. The proposed layoffs are Read more
Opinion: A strategy that follows analysts’ herd-like behavior lets you know when it will be favorable to pile into Meta’s stock again
Follow the herd. Getty Images Don’t buy shares of Facebook parent Meta Platforms Inc. until at least some Wall Street analysts begin to revise their earnings estimates. That’s the implication Read more