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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

GameStop Stock Soars on Surprise Earnings. The Short Squeeze begins.

Affumby AffumMarch 22, 20230

GameStop shares rose in late trading Tuesday after the video game retailer reported a strong quarter. Jim Watson/AFP via Getty Images Font size GameStop reported …

Business

Nike exceeds profit and revenue expectations. The stock jumps.

Affumby AffumMarch 21, 20230

Font size Nike shares rose 3.3% in after-hours trading on Tuesday. Scott Olson/Getty Images Nike beat earnings expectations for the third quarter, pushing the stock …

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

First Republic Bank looms large for US regulators after Credit Suisse sale

Affumby AffumMarch 20, 20230

US policymakers viewed the hasty rescue of Credit Suisse CS with suspicion -6.94% Group AG over the weekend, hoping that its purchase by UBS Group …

Business

Nike, Chevron, Nvidia, Altria, Adobe and more stocks to watch this week

Affumby AffumMarch 19, 20230

Font size The Federal Reserve’s interest rate decision on Wednesday will be the key event for a week of notable earnings reports and investor days, …

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 …

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