Tag: corporate actions

Musk says Tesla sold about 10% of bitcoin to test market, and will ‘resume allowing crypto transactions’ when 50% of miners are green

Prices of the world’s No. 1 crypto on Sunday were trading sharply higher, as digital-asset bull Elon Musk said Tesla would resume allowing transactions at...

A huge day for meme stocks sees Mudrick reportedly dump AMC stock, and Roaring Kitty returns to rally GameStop die-hards

An extended holiday hiatus hasn’t stopped the meme stock mojo, with GameStop and AMC Entertainment registering stellar returns to start June action, sending supporters of...

European stocks headed for fourth-straight monthly win, but softer Asian data, holidays weigh

European stocks were headed for the fourth straight month of gains for May, but the month was winding down on a lackluster note Monday after...

Is that Airbnb too expensive? CEO plans ‘systematic update on pricing’ as travel recovers

Brian Chesky helped transform the travel industry when he co-founded Airbnb Inc. More than a dozen years later, the COVID-19 pandemic has changed the industry...

Bitcoin, GameStop and NIO bets turned this flight attendant into a millionaire: Now he’s wagering it all in one final push to $3 million

Don’t invest like Andrew Dawood — you may never be as lucky. The Egyptian-born resident of Dubai turned roughly $50,000 in savings into $1.7 million...

Figs IPO: 5 things to know about the healthcare apparel company before it goes public

Figs Inc., an apparel and lifestyle company for healthcare workers, has filed to take the company public, eight years after the co-founders started the company...

German property giants announce $22 billion merger to ‘tackle’ housing crisis

Germany’s two biggest listed residential property groups, Vonovia and Deutsche Wohnen, have agreed to merge in an €18 billion ($22 billion) deal that will create...

Is AT&T’s Stock Price Too Low? How Much It’s Worth After WarnerMedia Spin.

Text size AT&T said it would “reset” its dividend as part of the transaction, to a payout ratio of about 40% of free cash flow....

A state treasurer convinced big banks to commit billions of dollars to tackle racial inequities. Here is the result

In an effort stemming from the murder of George Floyd and at the behest of a Connecticut state official, a who’s who of financial institutions...

Crypto platform Coinbase rolls out convertible debt deal, stock skids below $250 reference price

Coinbase Global Inc. said Monday it plans to sell $1.25 billion of convertible debt, the same day its stock closed below its $250 reference price...

PayPal sees record earnings, volume amid sustained e-commerce surge

This report has been updated to correct the data on transactions per active account and total transactions. PayPal Holdings Inc. saw a record amount of...

Caesars loses more than $400 million in a quarter, and that is an improvement

Caesars Entertainment Inc. continued to battle its way back from the COVID-19 pandemic at the start of 2021, pushing quarterly losses under half a billion...

Warren Buffett still believes Berkshire Hathaway stock is cheap enough to buy

There’s no bubble in Berkshire Hathaway Inc. shares, as Warren Buffett and Charlie Munger still believe they are cheap enough to spend more than $6...

The No. 1 emerging property market in America isn’t in Texas or Florida — you may never even have heard of it

Home prices are rising across the country as Americans rush to purchase houses, driven in part by a newfound ability to work remotely as a...

Have you held any of these 20 stocks long term? Your current dividend yield might surprise you

Income-seeking investors love dividend stocks, many of which have attractive yields when compared to bond yields. They might like them even more when they realize...

Virgin Galactic, DraftKings to amend financials post SEC guidance for SPACs

Virgin Galactic Holdings Inc. and DraftKings Inc., two of the biggest names to become public through “blank-check” companies in recent years, said Friday they will...

My husband and I bought a $387K building with my parents. We sold it for nearly $1M. We took care of it. Do we still split it 50-50?

I have a situation that seems to have no good answer, and I need an outside opinion.  Ten years ago, my husband and I entered...

Opinion: Intel’s new CEO has another big problem to fix

Intel Corp.’s new chief executive, Pat Gelsinger, has another urgent problem to deal with, in addition to restoring the chip giant’s manufacturing business to its...

Is now a good time to buy — or sell — a home? Here’s what Americans need to know about the hot real-estate market

With any purchase, people want to know if they’re getting a good deal. But when it comes to buying a home in today’s market, it’s...

UiPath IPO: 5 things to know about the ‘software robots’ company valued at nearly $30 billion

UiPath Inc. is launching its initial public offering at a valuation close to what it received from venture-capital investors, with help from automation it cheerfully...

Coinbase CEO Brian Armstrong raised more than $290 million with share sales, and Fred Ehrsam raised nearly $112 million

Coinbase Global Inc. co-Founders Brian Armstrong and Fred Ehrsam, as well as other insiders, raked in a whole lot of fiat money when the cryptocurrency...

Synlab targets $6 billion market capitalization in Frankfurt IPO as COVID-19 testing booms

Synlab has set the price range for its planned initial public offering in Frankfurt at €18 to €23 a share, giving Europe’s largest laboratory services...

Get ready for stock buybacks to roar back

U.S. corporations ranging from financial powerhouses to technology titans also have been stockpiling cash as a ballast against the COVID-19 storm. Investment-grade companies ended 2020...

Netflix and Uber support U.S. voting rights, while fighting their own investors’ pushes for more democratic practices

Netflix Inc., Uber Technologies Inc. and some of the hundreds of big companies that signed a statement Wednesday speaking up against voting-rights restrictions oppose shareholder...

Facebook opposes adding civil-rights expert to its board

For the second year in a row, Facebook Inc., which is no stranger to civil-rights issues and controversies, is urging shareholders to vote against a...