Ryan Cohen takes stake in Alibaba: report
[ad_1] Meme-stock investor Ryan Cohen has amassed a stake in Alibaba Group Holdings and is now actively pushing the Chinese e-commerce giant to expand its share buyback program, The Wall…
Nelson’s Peltz’s hedge fund Trian won’t make bid for Wendy’s, backs new capital allocation strategy
[ad_1] Nelson Peltz’s Trian Fund Management will not pursue a takeover of Wendy’s Co., the activist hedge fund said Friday. Peltz is Wendy’s WEN, +5.30% non-executive chairman, as well as…
Could Apple WiFi chips just be a ploy to get a better deal from Broadcom?
[ad_1] Broadcom Inc. shares fell Tuesday following reports that Apple Inc. was working on its own radiofrequency (RF) chips, but one analyst wondered whether those plans would get shelved if…
Tesla rallies more than 8% as Citi optimistic about quarterly earnings
[ad_1] Tesla Inc. shares jumped more than 8% in midday trading Monday, recouping some of their recent steep losses, and as analysts at Citi said they were optimistic about the…
As COVID vaccine and Paxlovid sales decline, analysts want to know what’s next for Pfizer
[ad_1] Pfizer PFE, +0.28% is the latest pandemic stock to face questions about its long-term strategy as revenue from its COVID-19 vaccine and antiviral business starts to dry up. Bank…
Silvergate lost more than $700 million selling assets to cover withdrawals during crypto selloff
[ad_1] The collapse of crypto exchange FTX sparked a run on Sivergate Capital Corp., forcing the bank to sell assets at a steep loss to cover some $8.1 billion in…
Data from 235 million Twitter users reportedly exposed by hacker
[ad_1] Data from 235 million Twitter accounts has been leaked and posted on an online hackers forum, free for anyone to download, according to reports late Wednesday. Researchers at Privacy…
SEC charges former SPAC CFO Cooper Morgenthau with fraud
[ad_1] The Securities and Exchange Commission on Tuesday said it issued fraud charges against Cooper Morgenthau after he allegedly stole more than $5 million from a special-purpose acquisition company and…
Mega Millions $565 million drawing is tonight: What time is it?
[ad_1] Have you got your Mega Millions ticket yet? There’s a $565 million jackpot at stake in Tuesday night’s drawing. While that doesn’t crack the list of the top 10…
Tesla stock suffers longest losing streak since March 2020 after Wedbush slashes price target by 30%
[ad_1] Shares of Tesla Inc. suffered their longest losing streak since the start of the COVID pandemic, after Wedbush analyst Dan Ives slashed his price target by 30%, citing “demand…
Elon Musk says decision on Tesla stock buybacks would depend on severity of a downturn
[ad_1] Elon Musk says Tesla Inc.’s decision on a share buyback could be influenced by the severity of any economic downturn. “Are we talking about a mild recession, a moderate recession, a severe…
Hundreds of Tyson Foods employees expected to leave as offices consolidate
[ad_1] Hundreds of Tyson Foods Inc. employees from two of its largest business units plan to leave the company as it consolidates its corporate offices to northwest Arkansas next year, according to people…
Tesla stock’s losing streak continues after report of hiring freeze, layoff plans
[ad_1] Electric-vehicle maker Tesla Inc.’s shares declined for the fourth consecutive session Wednesday, after a report of a hiring freeze and plans for layoffs. Tesla TSLA, -0.17% is planning layoffs…
Activist investor wants Six Flags to cash in on its real estate holdings
[ad_1] An activist shareholder has accumulated a stake in Six Flags Entertainment Corp. and is pushing the theme-park operator to sell or spin off its real estate to help reverse a…
Cosmos Health looks to sell stock, loses Friday’s big surge
[ad_1] Cosmos Health Inc.’s stock pulled back Monday after the company announced the pricing of a $32.5 million registered direct offering, wiping away Friday’s big gains. Cosmos COSM, -63.15% stock fell…
Toyota president expresses doubts about pursuing EV-only strategy
[ad_1] BURIRAM, Thailand — Toyota Motor Corp. 7203, -1.47% TM, -0.87% President Akio Toyoda said he is among the auto industry’s silent majority in questioning whether electric vehicles should be pursued exclusively,…
Tesla stock suffers worst week since 2020 as Elon Musk sells, large shareholder asks for new CEO
[ad_1] Tesla Inc. shares Friday wrapped up their worst week since 2020, as Chief Executive Elon Musk sold billions in stock and faced a call from a prominent investor to…
Elon Musk is reportedly looking for new Twitter investors — at the same price he paid
[ad_1] Elon Musk tried to back out of his $44 billion deal for Twitter over the summer as valuations for advertising-dependent technology platforms plunged, but now he seems to want…
Snap stock is down 80% this year, but analyst still sees too much optimism
[ad_1] Oh Snap! Despite a roughly 80% decline in the price of Snap Inc.’s SNAP stock so far this year, Jefferies analyst James Heaney still sees reason for caution. He…
7-Eleven owner to sell department store business to Fortress for $1.77 billion
[ad_1] Seven & i Holdings Co. said Friday that it planned to sell its Sogo & Seibu department store business to a Fortress Investment Group affiliate for an enterprise value…
Amgen reportedly in talks to buy Horizon Therapeutics
[ad_1] Amgen Inc. is in advanced talks to buy drug company Horizon Therapeutics PLC, according to people familiar with the matter, in a takeover likely to be valued at well over $20 billion and mark the largest…
Investors won’t see relief until 2024 in the form of Fed rate cuts, warns Credit Suisse
[ad_1] Global central banks already managed to “pop some of the pandemic-inspired bubbles” this year by tightening monetary policy, but investors may need to wait until 2024 for relief in…
Google to merge Maps, Waze teams as cost-cutting move
[ad_1] Alphabet Inc.’s GOOGL, -2.10% GOOG, -2.22% Google plans to combine the team working on the mapping service Waze with the group overseeing the company’s Maps product, as the search…
Why this cruise stock remains JPMorgan’s favorite as leisure travel keeps roaring
[ad_1] The outlook for cruise stocks is still “more positive than not,” according to JPMorgan analyst Daniel Adam, but given macroeconomic and financial concerns in the sector, not all names…
News Corp says Murdoch won’t pursue merger with Fox unless it’s recommended by independent board committee
[ad_1] A News Corp special board committee considering a potential combination with Fox Corp. said it has been delegated full authority to evaluate the proposal. News Corp said Monday that…