Times News Network
Text size John Visentin. Courtesy Xerox Xerox Holdings shares are in the spotlight as investors respond to news that CEO and Vice Chairman John Visentin has died unexpectedly at age 59, a development that could trigger renewed speculation about a potential sale or breakup of the 116-year-old company. The enterprise printing company (ticker: XRX ) … Read More “Xerox CEO Visentin Has Died. What It Means for the Company.” »
Text size Byju’s made an offer of $15 a share to 2U’s board last week, according to a report. David Paul Morris/Bloomberg Shares of education technology provider 2U soared more than 18% early Wednesday after a report said that Byju’s, an Indian-online education provider, had offered to buy the company for more than $1 billion. Byju’s … Read More “2U Stock Soars on Report of $1 Billion Buyout Offer From India’s Byju’s” »
Text size NIO denied accounting allegations in a report by short-seller Grizzly Research. Qilai Shen/Bloomberg NIO stock dropped more than 12% in Hong Kong on Wednesday after the company denied a report published by short-seller Grizzly Research claiming that the Chinese electric-vehicle maker is exaggerating revenue and profit margin. In its report on Tuesday, Grizzly … Read More “NIO Says Short-Seller Report ‘Without Merit.’ The Stock Slumps.” »
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 … Read More “Bank Stocks Boost Dividends After Fed Stress Tests” »
Text size MP Materials shares have slipped 21% so far this year Joe Buglewicz/Bloomberg MP Materials stock has slipped this year, and director Randall Weisenburger bought more shares of the rare-earths miner. MP Materials (ticker: MP) shares have slipped 21% so far this year, slightly more than the 18% drop in the S&P 500 index … Read More “General Motors EV Partner Sees Director Buy More Stock” »
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” »
