Times News Network
The Vanguard Group is suing one of its former ultrahigh-net-worth financial advisors for allegedly violating a one-year nonsolicitation agreement he signed while an employee. The financial services giant accuses Matthew Snipes of breach of contract and misappropriation of trade secrets in its lawsuit filed June 9 in a federal court in North Carolina. Vanguard Group … Read More “Vanguard Sues UHNW Advisor Over Alleged Client Solicitation” »
Text size The cruise ship ‘Carnival Sunrise’ is seen moored at a quay in the port of Miami. Daniel SLim/AFP via Getty Images Analysts don’t expect smooth sailing for cruise giant Carnival . Stifel and Wells Fargo both lowered price targets on Carnival (ticker: CCL) stock on increased fuel costs and macro pressures—one analyst is … Read More “Carnival Stock Is Dropping. Cuts to the Price Target Are Rolling In.” »
Text size Axsome is reviewing the proposed labeling from the FDA. Dreamstime Shares of Axsome Therapeutics were soaring Monday after the biopharmaceutical company announced some good news in an attempt to gain Food and Drug Administration approval of AXS-05, its drug for major depressive disorder. In a filing with the Securities and Exchange Commission, Axsome … Read More “Axsome Therapeutics Stock Soars on Proposed FDA Labeling for Depression Drug” »
Text size Shares in Coinbase have collapsed in 2022 amid a crypto trading slowdown. Tiffany Hagler-Geard/Bloomberg Shares in cryptocurrency exchange Coinbase Global tumbled on Monday after Goldman Sachs downgraded the stock to Sell from Neutral, citing the likelihood that revenue declines will accelerate in the second half of the year. Goldman slashed its price target … Read More “Coinbase Tumbles as the Bear Case Builds. Goldman Sachs Says Sell the Stock.” »
Text size Spirit Airlines’ shareholders are set to vote on the Frontier deal on Thursday. Daniel Slim/AFP via Getty Images Shares of Spirit Airlines fell in premarket trading Monday after the Florida-based discount airline received a sweetened offer from rival Frontier Group Holdings . Frontier (ticker: ULCC) bumped its offer for Spirit, adding an extra … Read More “Spirit Stock Falls After Frontier Sweetens Its Takeover Bid” »
Text size One of Nike’s problems is that investors are questioning the continuing strength in its North American market. Emily Elconin/Bloomberg Nike shareholders aren’t used to losing. The company’s upcoming earnings report is a chance for the athletic giant to settle the score after its recent selloff. Nike (ticker: NKE) has long been a powerhouse, … Read More “Nike Reports Earnings Monday. Here’s What to Expect.” »
A general view of the Kremlin, Red Square and St. Basil’s Cathedral in central Moscow. AFP via Getty Images Text size Russia’s first default on its foreign debt in more than 100 years is the latest sign that the sanctions levied against the country after the Ukraine invasion have consequences. But it’s probably not that … Read More “The Russian Default Is Less Worrisome Than It Appears. Keep Watching Oil.” »
The nosedive in cryptocurrencies and nonfungible tokens peppered conversations, panels and events at NFT.NYC, a four-day event last week focused on the virtual baubles. Marketers seemed unwavering in their zeal for NFTs. The price of crypto is down—by an estimated $2 trillion since November—and high prices for NFTs have faded. Most NFTs are purchased using … Read More “Marketers at NFT.NYC Upbeat on Brand-Building in the Metaverse” »
Text size Tencent shares have fallen by more than 15% this year. AFP via Getty Images Tencent fell on Monday after its biggest shareholder said it would sell stock in the Chinese internet giant to fund a share repurchase program. Amsterdam-listed Prosus , (PRX: Amsterdam), a subsidiary of South Africa’s Naspers (NPSNY), said that it … Read More “Tencent Stock Falls After Top Shareholder Announced Stake Sale” »
Text size One of Nike’s problems is that investors are questioning the continuing strength in its North American market. Emily Elconin/Bloomberg Nike shareholders aren’t used to losing. The company’s upcoming earnings report is a chance for the athletic giant to settle the score after its recent selloff. Nike (ticker: NKE) has long been a powerhouse, … Read More “Nike Reports Earnings Monday. Here’s What Could Move the Stock.” »
