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Tag: Business Actions

Business

Rivian Stock is trading horribly. Wall Street thinks it’s time for an activist.

Affumby AffumMarch 22, 20230

Font size Wall Street is not happy with the recent performance of Rivian or Rivian stock. Justin Sullivan/Getty Images Rivian Automotive stock trades much worse …

Business

Tesla gets upgrade to Investment Grade from Moody’s

Affumby AffumMarch 21, 20230

Next week, Tesla was a junk-rated credit with Moody’s, even though Tesla’s financial performance far more justified it by Moody’s own calculations. That changed Monday …

Business

NYCB’s sweetheart deal with the FDIC could take a dividend cut off the table

Affumby AffumMarch 20, 20230

Last week, investors expected New York Community Bancorp to cut its dividend, but that appears to have changed with a transformative deal the bank signed …

Business

Asian stocks plummet after Credit Suisse takeover

Affumby AffumMarch 20, 20230

BEIJING (AP) — Asian stock markets fell Monday after Swiss authorities settled the takeover of troubled Credit Suisse amid fears of a global banking crisis …

Business

Brace yourself for Monday: Markets and investors are on edge as UBS moves closer to the reported $1 billion all-share deal for Credit Suisse.

Affumby AffumMarch 19, 20230

Monday could be another do or die moment for Wall Street and global markets as a massive European banking deal falls apart. Swiss regulators reportedly …

Business

UBS offers $1 billion to buy Credit Suisse

Affumby AffumMarch 19, 20230

One option would be to buy Credit Suisse outright and then spin off the local Swiss operations into an independent entity, the people said. UBS …

Business

Shares of First Republic plummet after bank bailout, dividend suspension

Affumby AffumMarch 18, 20230

Friday’s drop reflects concerns that the bailout deal with the big banks won’t fully address problems at First Republic, which also suspended its dividend on …

Business

‘I feel like a sucker’: I bought shares for $18 after an IPO. The insurer’s brokerage had a price target of $30. It fell under $1. How could they be so wrong?

Affumby AffumMarch 17, 20230

I bought a stock when it went public last year. A large brokerage firm was the underwriter and had a $30 price target on the …

Business

Opinion: Buffett likes cash dividends and here’s why you should too – plus 8 higher yielding stocks to get you started.

Affumby AffumMarch 17, 20230

In this uncertain stock market, one all-weather investment tactic is particularly sensible: treasury stocks that pay attractive dividend yields. “Dividends are paid out all the …

Business

Lumen debt exchange shows company plans to ‘fight it out’ amid investor doubts

Affumby AffumMarch 16, 20230

Lumen Technologies Inc. offers to execute a debt swap in what one analyst sees as management’s attempt to “fight it out” amid growing doubts about …

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