Business
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PacWest stock plummets more than 50% after report of potential sale; other bank stocks fall too
PacWest Bancorp PACW shares tumbled more than 50% in after-hours trading Wednesday, taking other bank stocks with it after a report that the company’s executives were weighing a possible sale. The report, from Bloomberg News, adds to the concerns over the financial stability of regional banks, following the collapse in March of Silicon Valley Bank…
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Mullen Automotive shares plunge on reverse stock split announcement
Mullen Automotive Inc. will conduct a 1-for-25 reverse stock split as the electric-vehicle company looks to maintain its Nasdaq listing. The company’s stock, which has been attracting meme-like attention, ended Wednesday’s session down 21.1%. The stock will continue to trade on the Nasdaq Capital Market under the existing symbol “MULN” and… Source
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Crash Course (Education) – Raging Bull
Here’s a quick crash course. Even if you’re buying calls or puts, how many ways do you have to prevail? That’s right, in both cases, you have ONE. That’s ONE, singular way to win. Buy AAPL calls… it better go up. Buy AAPL puts… it better go down. Now, I’m trading + teaching based on…
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She was told her mortgage was paid off. 10 years later, she received a foreclosure notice in the mail
Rose Prophete bought her home in Canarsie, Brooklyn, N.Y. in May 2005. She thought she had paid off her loans until recently, when a company approached her about a debt she thought she had settled a long time ago. The company expected Prophete to pay up over $130,000, or face foreclosure. When refinancing her mortgage…
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AMD stock is sliding after earnings, and these numbers show why
Advanced Micro Devices Inc. shares tumbled nearly 7% in after-hours trading Tuesday, after the chip maker reported a big drop in margins and provided a forecast that doesn’t suggest immediate improvement. AMD AMD reported a first-quarter net loss of $139 million and revenue fell to $5.3 billion, fueled by big declines in PC sales and…
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Tinder owner Match exits Russia: ‘We are committed to protecting human rights’
Tinder parent company Match Group Inc. announced Tuesday that its brands are exiting Russia, citing human rights concerns. “We are committed to protecting human rights,” Match MTCH said in the company’s annual impact report. “Our brands are taking steps to restrict access to their services in Russia and will complete their withdrawal from the Russian…
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CEOs of Microsoft, Alphabet called to AI meeting at White House: reports
Vice President Kamala Harris will reportedly host the chief executives of Alphabet GOOG GOOGL, Microsoft MSFT, OpenAI and Anthropic at the White House on Thursday to discuss artificial-intelligence issues. Reuters and CNBC reported Tuesday that Harris seeks a “frank discussion” of the risks and ethics in developing AI technology, and “other ways we can work…
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AMC CEO slams Robinhood over alert wrongly claiming theater chain had filed for bankruptcy
AMC Entertainment Holdings AMC Chairman and CEO Adam Aron lashed out at Robinhood Markets in a Monday tweet after the company briefly ran a banner wrongly declaring that the movie-theater chain had filed for bankruptcy. “I am getting multiple reports that Robinhood briefly posted today that AMC filed for bankruptcy. How can companies like Robinhood…
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This JPMorgan investment strategist’s side hustle is a profitable plantain business and the global labor market will lose 14 million jobs over the next five years
Hi, MarketWatchers. Don’t miss these top stories. Hotel-housekeeping jobs have fallen by 102,000 during the pandemic. What happened? “Before the pandemic, I never had a problem with getting hours,” one housekeeper told MarketWatch. Read More This JPMorgan investment strategist’s side hustle is a profitable plantain business Rachel… Source
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NXP Semiconductors stock rallies 5% as results, outlook top Wall Street view
NXP Semiconductors NV shares rose in the extended session Monday after the chip maker — which gets more than half its sales from auto makers — topped Wall Street estimates for the past quarter, and in its outlook for the current one. NXP NXPI shares rose as much as 5% after hours, following a 1.4% rise…