Business
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Right-wing social platforms rally after reports of Trump indictment, quarterly results
Shares of Rumble Inc. and Digital World Acquisition Corp. — both social-media-focused companies seeking to galvanize right-leaning users — raced higher after hours on Thursday following reports that a grand jury in Manhattan voted to indict former President Donald Trump. The indictment, still under seal, is likely to be made public in the days ahead,…
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Ford withdraws a self-driving-car petition, following skepticism over near-term prospects
Ford Motor Co. has withdrawn a petition to deploy a vehicle equipped with advanced driverless features, after concluding that the automobile industry is not close to profitable mass production of fully autonomous vehicles. The decision, detailed in an unpublished notice by the National Highway Traffic Safety Administration, follows the shuttering of the autonomous-vehicle startup Argo…
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Nikola to sell stock at 20% discount to record low price
Nikola Inc. shares closed at an all-time low Thursday, and the maker of electric and fuel-cell vehicles expects to sell stock at a 20% discount to that price. Nikola announced Thursday afternoon that it intended to sell $100 million in shares to the public and another $100 million to an unnamed investor in a direct…
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‘It says I owe $179,000’: Options traders hit with massive margin calls as winning bets against failing banks are left in limbo for weeks
Thousands of retail option traders who made prescient bets against shares of Signature Bank and SVB Financial Group, the Silicon Valley Bank holding company, were relieved on Tuesday when shares of both failed banks resumed trading on over-the-counter markets after a roughly two-week trading halt. It marked the end of what an academic has described…
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New Lyft CEO’s ‘unusual’ pay structure is a ‘sign of the times’
Lyft Inc. is shaking up its leadership, and it’s also shaking up the way it pays its top executive. The ride-hailing company tapped David Risher, a board member and early Amazon.com Inc. AMZN, +1.26% employee, to serve as its next chief executive Monday, and the board is giving him a pay package with an “unusual”…
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Starbucks’ ex-CEO Schultz resists ‘union busting’ claims by U.S. Senators By Reuters
2/2 © Reuters. FILE PHOTO: Starbucks Chairman and CEO Howard Schultz looks on during its Annual Meeting of Shareholders in Seattle, Washington March 21, 2012. REUTERS/Robert Sorbo/File Photo 2/2 6){ atwWrapper.find(‘.js-slider-next’).fadeIn(600); } } function atwMoveRight() { atwWrapper.find(‘.js-slider-prev’).fadeIn(150); $(“.slider > :visible:first”).hide(150) $(“.slider > :visible:last”).next().show(150); if(!$(“.slider > :visible:last”).next().find(‘.name’).html()){ atwWrapper.find(‘.js-slider-next’).fadeOut(150); return; } } function atwMoveLeft() { atwWrapper.find(‘.js-slider-next’).fadeIn(150); $(“.slider…
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‘Most U.S. banks are technically near insolvency, and hundreds are already fully insolvent,’ Roubini says
In January 2022, when yields on U.S. 10-year Treasury bonds TMUBMUSD10Y, 3.499% were still roughly 1% and those on German Bunds were -0.5%, I warned that inflation would be bad for both stocks and bonds. Higher inflation would lead to higher bond yields, which in turn would hurt stocks as the discount factor for dividends rose. But, at the same…
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S&P 500 Bears Miss A Good Opportunity – Suspect Grind
S&P 500 bears missed a good opportunity, and couldn‘t keep pressuring even only NDX. While banking is getting less in the headlines, it isn‘t turning up either. The same goes for yesterday‘s hesitant perfomance of smallcaps, industrials and materials – bonds aren‘t paving the way for a universally clear upswing either. It‘s only the veracity…
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Virgin Orbit Holdings’ stock sinks on job axes, Rumble and Digital World Acquisition shares rise on Donald Trump indictment
Here are some of the biggest U.S. stock movers on Friday: Stock gainers: Right-wing media platforms Rumble RUM, +0.54% and Digital World Acquisition DWAC, -0.23% rose over 14% and 10% in premarket trading on the Donald Trump indictment news. Metropolitan Bank Holding Corp. MCB, -27.58% shares increased almost 14% premarket after issuing a financial update…
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Alibaba and JD.com shares gain amid spinoff potential, Roku’s stock falls after layoff news, and other stocks on the move
Here are some of the biggest movers on Thursday as stocks U.S. stocks extend a rally. Stock gainers: U.S.-listed shares of JD.com Inc. JD, +7.82% were rising 7% in morning trading after the company disclosed plans to pursue separate Hong Kong listings for two business units. Alibaba Group Holding Ltd. BABA, +3.46% shares were ahead…
