Text size Ford electric trucks in front of the New York Stock Exchange on Thursday. Photo by Spencer Platt/Getty Images Ford engine finally gave investors a glimpse of the electric vehicle startup she was incubating inside her 119-year-old self. Although the stock’s decline suggests disappointment, there is more to love than the market is giving … Read more
Text size Ford electric trucks in front of the New York Stock Exchange on Thursday. Photo by Spencer Platt/Getty Images Ford engine finally gave investors a glimpse of the electric vehicle startup she was incubating inside her 119-year-old self. Although the stock’s decline suggests disappointment, there is more to love than the market is giving … Read more
Bank of the First Republic FRC -3.74% has paid family members of its founder, James Herbert, millions of dollars for work at the lender in recent years, including for interest rate and risk advisory services, according to public disclosures made by the bank as part of the annual deposits. The bank paid Mr. Herbert, who … Read more
Text size Wall Street is not happy with the recent performance of Rivian or Rivian stocks. Justin Sullivan/Getty Images Rivian Automotive the stock trades much worse than most of its peers. Sales and products are not the problem. It is spending. The company needs a plan to control cash and improve investor sentiment. Wall Street … Read more
GameStop shares soared late in trading on Tuesday after the video game retailer reported a strong quarter. Jim Watson/AFP via Getty Images Text size GameStop announced a surprise fiscal fourth-quarter profit, sending the stock soaring late in trading on Tuesday. The company reported earnings of 16 cents per share, compared with a loss of 49 … Read more
Text size Nike stock rose 3.3% in after-hours trading on Tuesday. Scott Olson/Getty Images Nike beat third-quarter earnings expectations, sending the stock higher in after-hours trading. Nike (ticker: NKE) posted earnings of 79 cents per share, beating estimates of 56 cents per share, according to FactSet. Sales of $12.4 billion were up 14% from the … Read more
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
““We have a self-induced crisis of irresponsible fiscal monetary policy over the past decade.”” —Leon Cooperman, President of the Omega Family Office This was billionaire hedge fund manager Leon Cooperman commenting on the current banking crisis which has seen the closure of SVB Financial Groups SIVB, Silicon Valley Bank and crypto-friendly lenders Signature Bank and … 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
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