Tesla Inc. named one of Airbnb Inc.’s co-founders to its board Wednesday, increasing the total number of directors back to eight. Joe Gebbia joins the board of Tesla TSLA, +1.72% Read more
Tag: Corporate Actions
Volkswagen’s Porsche IPO prices at top of its range
Volkswagen AG said late Wednesday that it priced Porsche AG’s initial public offering at the top of its range, setting the sports-car maker’s IPO on a course to be among Read more
Skiing revenue is back above pre-pandemic levels, Vail Resorts says
Ski-resort operator Vail Resorts Inc. on Wednesday reported fiscal fourth-quarter results that were better than expected, helped by acquisitions abroad and demand for advance passes, with full-year sales rebounding above Read more
Volkswagen’s Porsche IPO prices at top of its range
Volkswagen AG said late Wednesday that it priced Porsche AG’s initial public offering at the top of its range, setting the sports-car maker’s IPO on a course to be among Read more
Here’s what to expect at Tesla AI day
Tesla Inc’s “AI day” is back, with investors hoping this time the electric-vehicle maker will show something other than a spandex-clad human mimicking a future a humanoid robot. In invitations Read more
Stock of psychedelics company MindMed slides 50% after it sells fresh shares
Shares of psychedelics company Mind Medicine Inc. slid 50% Wednesday, after the company priced a dilutive secondary offering of 7.1 million shares. The offering was priced at $4.25 a share, Read more
Fed official suggests easing of big-bank merger rules as competition from fintech increases
The U.S. Federal Reserve Board should consider relaxing bank-merger guidelines focused on branch concentration, last updated in 1995, to account for competition from financial technology companies, Michelle Bowman, a governor Read more
Canopy Growth sells retail operations but likely got much less than it paid for them, analyst says
Canopy Growth Corp. is likely selling its retail stores for much less than it paid for them, but the cannabis company that continues to generate losses said the move will Read more
Porsche IPO is set for Thursday. Here’s what to know.
The German stock market will get a momentary reprieve from the relentless focus on gas supplies when sportscar maker Porsche goes public on Thursday. The IPO is set to be Read more
UK Government Tax Cuts Are Credit Negative, Moody’s Says
By Xavier Fontdegloria The series of large tax cuts and increased spending outlined by the U.K. government is fueling a confidence shock which could weaken debt affordability and the country’s Read more