(Bloomberg) — A proposed stock split by GameStop Corp. brought back echoes of peak-meme mania days to trading forums on Friday, with investors snatching up shares in the company and other retail favored-names. Most Read from Bloomberg The video-game retailer jumped as much as 14% in New York before erasing gains to trade close lower … Read more
A pair of ex-Apple employees who made headlines last year for leading a whistleblower movement against the company have since become embroiled in a bizarre legal fight, accusing each other of harassment and stalking. Cher Scarlett and Ashley Gjøvik co-founded a whistleblower campaign called #AppleToo that last summer and fall published dramatic stories of gender … Read more
The Dow Jones Industrial Average gained as the stock market rallied. Visa (V) and Walmart (WMT) were top blue chip performers. Meanwhile, Amazon (AMZN) rose despite a groundbreaking unionization vote, though it lagged FANG rivals Meta Platforms (FB) and Alphabet (GOOGL). X A trio of noteworthy names are also eyeing buy points. Arch Capital (ACGL), … Read more
Stock splits are all the rage this year. First, Alphabet (GOOGL) – Get Alphabet Inc. Class A Report announced a 20-for-1 split in February. Then Amazon (AMZN) – Get Amazon.com, Inc. Report announced a 20-for-one split in March. Tesla (TSLA) – Get Tesla Inc Report also revealed plans in March to split its stock for the second time … Read more
(Bloomberg) — The initial public offering of iconic sports-car maker Porsche, which is poised to be one of Germany’s biggest-ever IPOs, is missing the country’s biggest bank, Deutsche Bank AG. Most Read from Bloomberg Volkswagen AG picked an all-American lineup, snubbing European banks, to lead the planned share sale, which could value Porsche at as … Read more
(Bloomberg) — Visa Inc. and Mastercard Inc. are planning a raft of changes to rules for gas stations to allow larger transactions after a surge in fuel prices across the U.S. made it hard for some drivers to fill up using credit cards. Most Read from Bloomberg Many gas stations have a $125 limit for … Read more
More homeowners are late on their mortgage payments. What does that mean? Getty Images/iStockphoto Mortgage delinquencies are on the rise. Indeed, in February, the national delinquency rate rose for the first time in 9 months, largely driven by a 97,000 rise in early-stage delinquencies — or those that were 30 – 60 days past due, according … Read more
Tesla Inc. vehicle deliveries rose in the first quarter, but missed Wall Street expectations as the company struggled with global supply-chain disruptions and a brief Covid-19 shutdown at its Shanghai factory. “This was an *exceptionally* difficult quarter due to supply chain interruptions & China zero Covid policy,” Tesla Chief Executive Elon Musk tweeted Saturday morning. … Read more
U.S. government bonds just finished their worst quarter since at least 1973, yet some investors aren’t likely to be put off from buying Treasurys again given rising risks of a U.S. recession within the next few years. A model created by Goldman Sachs GS, +0.04% foresees a 38% chance of a downturn 12 to 24 … Read more
Edwards Lifesciences (EW), Illumina (ILMN) and Newmont Mining (NEM) were the top three S&P 500 index gainers on the stock market today. J.B. Hunt Transport Services (JBHT), Old Dominion Freight Line (ODFL), Norfolk Southern (NSC) were the S&P 500’s biggest losers on Friday. X EW stock rose 4.5% to 123.07, racing up the right side of … Read more