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…
Climate startup captures carbon straight from the air in industry first
[ad_1] One of the most important technologies to address climate change got a boost Thursday when a startup said it pulled carbon dioxide from the open air and stored it…
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…
XPeng stock just misses a record selloff, snaps 5-day win streak
[ad_1] The U.S.-listed shares of XPeng Inc. plunged Friday to snap a five-day win streak, as price cuts by Tesla Inc. in China soured sentiment toward China-based electric vehicle makers.…
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…
Take MarketWatch’s 2022 Quiz: How much do you know about the biggest financial stories of the year?
[ad_1] It’s nearly the end of another dramatic year in finance. Russia invaded Ukraine. Markets tumbled. Interest rates reached record highs. Prices soared. The Republican “red wave” at the midterm…
Li Auto stock jumps after announcing record EV deliveries in December
[ad_1] Li Auto Inc. said Friday that it delivered more than 20,000 electric vehicles in December, which is more than 33% above the previous monthly record delivered last month. The…
GE Healthcare will join S&P 500 as soon as it begins trading
[ad_1] GE Healthcare Technologies Inc. will be an S&P 500 stock as soon as it officially exists. General Electric Co. GE, -1.05% expects to spin off its healthcare arm into…
MicroStrategy says it bought 2,500 bitcoin but also sold some for tax reasons
[ad_1] MicroStrategy Inc. MSTR, -2.00% has spent more than $55 million to purchase roughly 2,500 bitcoins over the past two months, the company revealed in a Wednesday filing where it…
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…
Mark Zuckerberg takes stand in Meta-FTC trial, admits ‘trying to shape the future of technology’
[ad_1] Meta Platforms Inc. Chief Executive Mark Zuckerberg took the stand Tuesday on Day 7 of the Federal Trade Commission’s case to block Meta’s $400 million acquisition of VR fitness…
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…
L3Harris plans to buy rival defense contractor Aerojet for $4.7 billion
[ad_1] Defense firm L3Harris Technologies Inc. on Sunday said it agreed to buy Aerojet Rocketdyne Holdings Inc. in a $4.7 billion deal that would cement L3Harris’s role as one of six prime defense contractors for the…
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…