If investors thought they were getting their legs in a volatile stock market, a new tax, climate and healthcare spending bill from Capitol Hill might have them trying again find Read more
Tag: Corporate Actions
Elon Musk offloads nearly $7 billion in Tesla stock
Elon Musk sold almost $7 billion in Tesla Inc. stock in recent days, according to filings Tuesday with the Securities and Exchange Commission. According to the filings, the Tesla chief Read more
Elon Musk offloads nearly $7 billion in Tesla stock
Elon Musk sold almost $7 billion in Tesla Inc. stock in recent days, according to filings Tuesday with the Securities and Exchange Commission. According to the filings, the Tesla chief Read more
SPAC Equity Distribution Acquisition Corp. to redeem its shares, liquidate
Special purpose acquisition company Equity Distribution Acquisition Corp. EQD, said it will redeem all outstanding Class A common stock shares as the company plans to dissolve and liquidate. The company Read more
Shift Technologies, CarLotz announce merger; Shift CEO steps down
Shift Technologies Inc. SFT, -16.34% and CarLotz Inc. LOTZ, -9.12% said they agreed to merge in a stock-swap deal. The combination of Shift, an end-to-end auto e-commerce platform, and CarLotz, Read more
Unity loses less than feared, trims outlook as Applovin makes $20 billion bid for software company
On the same day it received an offer to acquire the company for roughly $20 billion, Unity Software Inc. reported a loss that was less than feared and pulled back Read more
Get ready for more merger mania in pharma sector the rest of the year
Pfizer Inc.’s PFE, +0.45% $5.4 billion acquisition of Global Blood Therapeutics Inc. GBT, -0.02% is the latest sign that cash-flush drug makers are ready to jump back into dealmaking. That Read more
BlackRock warns investors should buy defensive stocks and bonds as tech-led rally at risk of fizzling
Following July’s spectacular rally, U.S. stocks SPX, -0.49% have been caught in a tight trading range over the past two weeks as investors struggle to make sense of some of Read more
Avaya stock plunges toward record low after WSJ report that $600 million debt deal soured
A $600 million debt deal arranged for beleaguered business communication company Avaya Holdings Corp. quickly went bad, according to The Wall Street Journal. The WSJ reported Tuesday that Goldman Sachs Read more
Curaleaf CEO sees cannabis as recession resistant, but stock falls after wider loss
Curaleaf Holdings Inc. Chief Executive Matt Darin said inflation impacted some of the cannabis company’s customers, but it still managed to beat its revenue target despite a wider quarterly loss. Read more