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First Republic stock tanks, UPS shares weaken, Spotify shares advance, and more stocks on the move
These stocks were making some of the most notable moves Tuesday amid a wave of earnings reports. Gainers Spotify Technology SA shares SPOT rose 5% as the music-streaming company beat subscriber expectations, though its loss was wider than anticipated. Verizon… Source
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Social Security can be saved by investing it in the stock market, says Sen. Bill Cassidy
The real third-rail of Social Security should not be cutting benefits or raising taxes, but instead it should be political suicide to keep doing nothing, said Sen. Bill Cassidy in a video discussion with the Bipartisan Policy Center on Tuesday. The Louisiana Republican took on both 2024 lead presidential candidates, Joe Biden and Donald Trump,…
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What’s next for stock market as small-cap index suffers its first ‘death cross’ since January 2022
The Russell 2000 index of small-cap stocks has produced a bearish “death cross” price chart pattern for the first time in over a year, flashing a widely followed technical sell signal as small-caps are struggling with tightening financial conditions in the wake of bank failures and potential economic slowdown. The Russell 2000 index RUT, which…
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ABR Stock Price | Arbor Realty Trust Inc. Stock Quote (U.S.: NYSE)
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Credit Suisse shelves purchase of Michael Klein’s investment firm as bank sees $68.7 billion in outflows
Credit Suisse and Michael Klein have ended an agreement for the Swiss bank to acquire boutique investment banking arm The Klein Group, LLC due to its planned takeover by UBS, according to a brief announcement within Credit Suisse’s first-quarter results on Monday. The deal, first announced in February, saw Credit Suisse set to acquire the…
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LVMH is first European company to hit a $500 billion market cap.
A record share price for LVMH FR:MC alongside a strengthening euro pushed the luxury goods company to a market capitalization of $500 billion on Monday, the first European company to reach that landmark. LVMH stock touched a fresh high of €904.60, valuing the group at €454.2 billion. With the euro EURUSD at one point edging…
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Tesla investors urge vote against former CTO J.B. Straubel, for board independence
An investor group on Monday urged fellow Tesla Inc. shareholders to vote against putting a former company executive on the board, saying the board already has a lack of independence and has been unable to rein in Chief Executive Elon Musk. Tesla TSLA has nominated former Chief Technology Officer J.B. Straubel to replace independent director…
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KRG Stock Price | Kite Realty Group Trust Stock Quote (U.S.: NYSE)
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Even without an ‘earnings apocalypse,’ stocks still need to drop 15%, says strategist
Stocks got off to a cautious start on Monday, as investors face the who’s who of earnings this week. We’ve largely heard from the banks thus far and the news hasn’t been as bad as expected, but this week it’ll be the turn of the all-powerful tech sector, along with other important corners of the…
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AMC set to expand its branded popcorn sales to 2,600 Walmart stores
AMC Entertainment Holdings Inc. is set to sell its branded popcorn at 2,600 Walmart Inc. stores across the U.S. On Sunday AMC AMC CEO Adam Aron gave an update on the movie-theater chain and meme-stock darling’s push to sell its popcorn in grocery stores. AMC announced its partnership with Walmart WMT earlier this year, with the…