Arrives within a week You’re here was a rotten credit rating at Moody’s, even though Tesla’s financial performance was much better by Moody’s own calculations. That changed Monday night after Moody’s upgraded its rating on the electric vehicle maker. Still, investors might wonder why the rating isn’t even higher. Elon Musk seems to be the … Read more
One option would be to buy all of Credit Suisse and then turn its local Swiss operations into an independent entity, the sources said. UBS would retain Credit Suisse’s valuable wealth management business. Discussions are ongoing and the contours of the deal could still change as UBS and Swiss regulators flesh out the details of … Read more
Friday’s fall reflected fears that the big-bank bailout deal hasn’t fully solved the problems of the First Republic, which also suspended its dividend on Thursday. The uproar has prompted analysts to ask whether the company may be under pressure to find a buyer. “It’s unclear whether it’s viable as a stand-alone entity,” said Julian Wellesley, … Read more
I bought a stock when it went public last year. A major brokerage was the underwriter and had a price target of $30 on the stock. I thought it was a good idea to buy the stock at $18 because I thought it would go to $30. The stock yesterday was trading below $1. How … Read more
In this uncertain stock market, one all-weather investing tactic makes particular sense: owning stocks that pay an attractive dividend yield. “Dividends pay all the time. It doesn’t matter what’s happening in the broader market,” says Kelley Wright, editor of Investment Quality Trends, a dividend-focused action letter. Dividend stocks aren’t just defensive; they also play on … Read more
Lumen Technologies Inc. is offering to conduct a debt swap in what an analyst sees as management’s attempt to ‘fight back’ amid growing doubts about the telco’s ability to turn around its business while facing heavy debt. Lumen LUMN, -3.86% said in a morning press release that Level 3 Financing, a subsidiary of the company, … Read more
Shares of Adobe Inc. rallied in extended trading on Wednesday after the software company beat Wall Street expectations for the quarter and raised its outlook, while anticipating that its acquisition of the design platform interactive Figma will close by the end of the year. Adobe ADBE, +0.08% shares rose 5% after hours, after gaining less … Read more
Banking stocks plummet following the bankruptcies of SVB Bank SIVB, and Signature Bank SBNY, -22.87% ), but there are good reasons to make this investment against the grain. First, federal regulators have made it clear that they will back banks on the brink of depositor flight. The Federal Reserve will lend to banks against the … Read more
Ryan Reynolds has used his stardom and wit to make Mint Mobile a low-cost competitor in the congested wireless space. Mr. Reynolds, co-owner of Mint Mobile, was the personality for the company’s advertisements, both on television and on social media. Ads, like a recent one where he read ad copy written for him by Chat … Read more
On a Monday after high-profile bank failures on Friday and Sunday, it might seem strange to recommend buying shares of banks and other financial services companies, but Keefe, Bruyette & Woods did just that, and even says that customers are expected to buy shares of a bank whose stock fell more than 70% in premarket … Read more