By Christopher Zara February 17, 2023 Big Oil loves them. So does Meta. Even Norfolk Southern Railway is a fan. We’re talking about stock buybacks, the perennially popular practice of companies scooping up their own shares on the open market. Buyback programs can be a hit with shareholders and executives, but they’re controversial. In … Continue reading Stock buybacks are still all the rage, and company executives can’t stop talking about them
By Barbara Ortutay—Associated Press February 01, 2023 Facebook parent company Meta posted lower fourth-quarter profit and revenue on Wednesday, hurt by a downturn in the online advertising market and competition from rivals such as TikTok. But the company’s stock soared in extended trading, as its revenue beat Wall Street’s muted expectations and the Menlo … Continue reading Meta stock skyrockets as Facebook parent company announces buybacks
By Michael Grothaus February 01, 2023 The beleaguered fitness company Peloton Interactive, once one of the hottest stocks of the pandemic, has revealed its second-quarter results for the fiscal year 2023. Announcing the results, Peloton CEO Barry McCarthy said, “If you’ve been wondering whether or not Peloton can make an epic comeback, this quarter’s … Continue reading Peloton stock price jumps: CEO touts ‘epic comeback’ amid narrowing losses
By Michael Grothaus November 21, 2022 In one of the most unexpected business twists of the year, the Walt Disney Company announced late last night that former CEO Bob Iger is returning to lead the company once again as its chief executive officer, ousting Bob Chapek, Iger’s replacement, after only three years. The move … Continue reading Bob Iger returns to Disney as CEO: Stock price soars, Wall Street cheers. Here’s what to know
By Sam Becker October 27, 2022 Amazon reported mixed Q3 earnings on Thursday, and Wall Street did not respond kindly. The online retail giant said revenue was $127.1 billion, an increase of 15% year-over-year, but net income fell to $2.9 billion, compared to $3.2 billion a year ago. Notably, Amazon’s fourth-quarter … Continue reading Amazon stock takes a beating amid lower profits and weak guidance for the holiday season
By Michael Grothaus September 06, 2022 Volkswagen has announced that it will move ahead with the initial public offering of one of its (and the world’s) most iconic car brands: Porsche. But while the 91-year-old automotive luxury brand is expected to have one of the largest IPOs of any European company this century, its … Continue reading Porsche IPO: Stock will trade separately as Volkswagen takes the luxury car brand public
By Sam Becker August 31, 2022 We may have reached the “beyond” portion of Bed Bath & Beyond’s wild ride as a meme stock. Bed Bath & Beyond (BBBY) stock caught the attention of meme stock traders on internet message boards like Reddit’s r/WallStreetBets in recent weeks, and since the beginning … Continue reading What’s happening with BBBY? Reddit’s favorite meme stock has a lot going on right now
By Michael Grothaus August 25, 2022 It’s been a tough week for quite a few big-name stocks. (Here’s looking at you Zoom and AMC.) Unfortunately, the trend continued on Thursday—this time with indoor bike maker Peloton Interactive. The stock is sinking in pre-market trading after the firm reported disappointing Q4 2022 results. Here’s … Continue reading Peloton stock in danger of losing its Amazon bump as losses widen
By Michael Grothaus August 23, 2022 Not too long ago, Zoom was the pandemic darling. In January 2020, the stock sat around $76 per share, but by peak-pandemic–September of the same year–Zoom stock (ticker: ZM) surged to over $470 per share. Talk about amazing returns. But almost two years later, Zoom stock … Continue reading Zoom stock price: ZM shares crash as return-to-office fights heat up
By Michael Grothaus August 05, 2022 Hot on the heels of announcing its Q2 2022 results (August 17, 2022), movie theater chain and meme stock AMC announced it will issue a new type of preferred stock as a dividend to existing AMC shareholders. The announcement of the new preferred stock, ticker symbol APE, has … Continue reading AMC stock price: Shares crash as company announces new preferred APE stock
