Shares of Icahn Enterprises LP jumped about 10% in extended trading Thursday after activist investor Carl Icahn said the company does not face liquidity problems and will declare a distribution of $2 per unit for the quarter ended March 31. In a statement to shareholders, Icahn said that Icahn Enterprises…
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Lyft Inc. on Thursday reported first-quarter results that beat expectations, but a forecast that fell just shy of analysts’ estimates weighed on the company’s stock. Lyft shares LYFT fell 15% after hours. They had dropped 1.8% in the regular session to close at $10.69 after a six-day positive streak. Lyft…
The stock market, as measured by the S&P 500 Index SPX, -0.72%, has failed to overcome resistance at 4200. That is bearish, and SPX has backed off sharply since the most recent attempt to challenge 4200 occurred late last week.That attempt was spurred by positive earnings from Meta Platforms META,…
Apple Inc. on Thursday revealed surprise growth in its iPhone business during the first three months of the year, overcoming a shortfall in Mac revenue as the company promised investors billions more in dividends and stock repurchases. Apple shares AAPL, -0.99% were up nearly 2% in extended trading after the…
[]Gold isn’t the only precious metal benefitting from economic uncertainty and the crisis in the banking sector. Silver prices last month climbed to their highest in a year, with room to move higher as the global market for the metal this year looks to post its second largest supply deficit…
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On Tuesday, Wall Street was riveted by a report from short seller Nate Anderson’s Hindenburg Research that targeted legendary billionaire investor Carl Icahn. Anderson highlighted issues that had been relatively well known for years, like that Icahn’s investment fund had suffered a decadelong losing streak and that his public company…
Two 10-year-olds were found working at a McDonald’s in Louisville, Ky., the U.S. Department of Labor reports, sometimes until 2 a.m. Not only is this illegal, but the kids also weren’t being paid. They were among 305 children that a Labor Department investigation found working illegally at three McDonald’s MCD,…
Qualcomm Inc. shares fell in the extended session Wednesday after the chip maker said inventory issues will remain past June because of a downturn in handset demand and the company’s outlook disappointed. After declining 2.8% to close the regular session $112.83, Qualcomm QCOM, -2.82% shares started sliding after the release…