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eBay stock was falling after an analyst downgrade. Sean Gallup/Getty Images Text size The stock market was trying to put Monday’s small loss behind it, with S&P 500 futures up 0.6% Tuesday morning. Here are some of the stocks making moves in premarket trading. Bank stocks gained as some of Wall Street’s biggest players announced … Read More “Stocks on the Move: Snowflake, eBay, Qualcomm, Riot Blockchain” »
Text size The Fed’s annual stress tests were introduced following the 2008-09 financial crisis. Dreamstime Morgan Stanley , Goldman Sachs , Wells Fargo and Bank of America said they would raise their dividends after the Federal Reserve gave the banks a clean bill of health in its annual stress test, saying they could withstand a … Read More “Goldman Sachs and Wells Fargo Boost Dividends After Fed Stress Tests” »
Text size Internet conglomerate Prosus and its parent Naspers pared its stake in Tencent, and sold shares of JD.com. Gilles Sabrie/Bloomberg When a big shareholder starts selling, it’s usually a flag. Internet conglomerate Prosus and its parent company Naspers ‘ decision Monday to pare its stake in Chinese internet company Tencent Holdings , and its earlier … Read More “A Tencent Investor Cut Its Stake. That’s Not Bad for China’s Internet Recovery.” »
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 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” »
Why is Lucid stock so much more expensive than its peers? Courtesy of Lucid Text size Polestar stock gained 14% after the electric-vehicle maker completed its merger with a SPAC the day before. That’s bad news for Lucid Group . The issue for Lucid (ticker: LCID) isn’t direct competition. Polestar (PSNY) makes the all-electric Polestar … Read More “Lucid Group Stock Looks More Vulnerable Than Tesla and Its Other Peers” »
China’s economic slowdown is among the factors pressuring Starbucks shares. Above, dispensing coffee to customers on the go in Hangzhou. Long Wei/VCG/Getty Images Text size A sequel is seldom as good as the original, and the less said about the sequels to sequels, the better. Howard Schultz, the former CEO who recently returned to helm … Read More “Buy Starbucks Stock. Shares Could Be Ready to Run.” »
Elias Stein Text size Jersey and Florida are hot. Austin and Seattle are not. On Tuesday, home builder Lennar ’s co-CEO Richard Beckwitt on an earnings call provided a tour of U.S. housing markets. “So far in June, new orders, traffic, sales incentives, and cancellations have worsened in many of our markets due to a … Read More “Best and Worst Spots in the U.S. Housing Market, According to Lennar” »
Text size Thomas Ingenlath, chief executive officer of Polestar AB, will run the new company. Krisztian Bocsi/Bloomberg The merger between the special-purpose acquisition company Gores Guggenheim and the electric vehicle maker born from Volvo is done. Polestar (ticker: PSNY) is now trading as a public company on the Nasdaq. Polestar announced the closing of the … Read More “EV Newcomer Polestar’s Stock Soars In First Day of Trading.” »
