PayPal Holdings Inc. PYPL shares have a “supportive” valuation after a recent slide, but the company may still face challenges stemming from pressure on the e-commerce industry, according to an Read more
Tag: Corporate Actions
Uniper shares bounce after German utility asks for government bailout
Shares in Uniper, the embattled German energy company, recovered ground on Friday, as traders digested the prospects for a government bailout amid hopes for improving gas supply from Russia. After Read more
Trump left board of his media company ahead of subpoenas, filing shows
Records show Donald Trump left the board of his social-media company, Trump Media & Technology Group, in June, weeks before the company was subpoenaed by authorities. According to a filing Read more
Celsius Network was a ‘Ponzi scheme,’ company’s former investment manager alleges in lawsuit
Beleaguered crypto lender Celsius Network operated as a classic “Ponzi scheme,” the former head of the company’s key investment strategy alleged in a lawsuit, claiming the company used customer deposits Read more
Enjoy Technology to be delisted from Nasdaq, shares tumble
Shares of Enjoy Technology Inc. ENJY, -4.30% were lower in Thursday’s late session, after the company said its stock would be delisted from the Nasdaq. Last month, The Wall Street Read more
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 Read more
Spirit Airlines expected to again delay shareholder vote on sale to Frontier
Spirit Airlines Inc. SAVE, -1.93% is expected to again postpone a shareholder vote on a merger with Frontier Group Holdings Inc. ULCC, -1.33% as the carrier holds deal talks with Frontier and rival Read more
Twitter lays off workers, report contends Elon Musk’s bid is in jeopardy
Twitter Inc. said it is cleaving 30% of its talent-acquisition team, or less than 100 people, as executives seek to cut costs while waiting for an acquisition by Elon Musk Read more
Twitter lays off workers, report contends Elon Musk’s bid is in jeopardy
Twitter Inc. said it is cleaving 30% of its talent-acquisition team, or less than 100 people, as executives seek to cut costs while waiting for an acquisition by Elon Musk Read more
Why what happens to stocks and bonds over the next 6 months may depend on oil
Federal Reserve Chairman Jerome Powell last month said the central bank is focusing on headline inflation, rather than core inflation, in a news conference following the Fed’s biggest rate hike Read more