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Fisker stock continues to be volatile in the aftermath of accounting control issues that led to unexpected management turnover.
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Fisker stock continues to be volatile in the aftermath of accounting control issues that led to unexpected management turnover.
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Sam Altman is returning to OpenAI but power at the artificial-intelligence start-up is still set to be held by its board. The members who fired Altman are largely out and their replacements suggest the new board will be less inclined to slow or block the development of AI technology.
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LCG Auctions
Not even
Apple was invincible to this tough August. And if investors are pinning their hopes on the iPhone 15 launch in just a couple of weeks, they could very we…
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Johnson & Johnson
$35 billion exchange offer for
Kenvue
that expired last Friday was substantially oversubscribed. The result is that participating J&J holders will be able to convert only a fraction of their shares for Kenvue stock.
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Sirius XM Holdings stock surged 42% Thursday on an apparent combination of short covering, an unwinding of a spread trade involving Liberty SiriusXM, and possible buying related to a rebalancing of the Nasdaq 100 index.
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Tesla
shares have been on a wild ride lately as investors debate profit margins, price cuts and EV demand. Predicting what’s next is no easy task given all that, plus rising interest rates and persistent inflation. Stock charts and stock seasonality can help investors get a sense of whether or not they should just sell in May and come back and revisit shares later in the year.
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Tesla
is at it again.
The electric-vehicle maker lowered prices for its EVs in the U.S. again. This change hints at what might be happening to Tesla (ticker: TSLA) vehicles’ eligibility for purchase tax credits under stricter rules about to be applied by the IRS.
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After the start to the year
Tesla
shares have had, first-quarter deliveries better beat Wall Street expectations.
Shares of Tesla (ticker: TSLA) finished the first quarter up more than 68%—the best first-quarter performance ever. In second place: 2012’s first quarter, when shares gained 30.4%. This year’s first quarter is the sixth best quarter for shares ever. The stock has been trading for 51 quarters.
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Natural-gas prices have tumbled this year because of warm weather and high levels of gas in storage in Europe and elsewhere. U.S. prices are down 45% to $2.46 per million British thermal units.
The drop has impacted stocks of some natural-gas producers, though not nearly as much as the price of the commodity itself. As natural-gas prices stay low, however, the impact could widen and pressure a larger group of companies. Stocks of oil producers that also produce significant amounts of gas are vulnerable to the decline, too. Overall, free cash flow for large-cap producers could fall 33% from 2022 levels, according to Citi analyst Scott Gruber. That could keep some oil companies from being able to boost their dividends and buybacks as much as they did last year.
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Investors are in a feeding frenzy over artificial-intelligence software plays, and you have to think this isn’t going to end well.
You can date the start of the AI stock craze to the Nov. 30 launch of ChatGPT, the generative AI chatbot created by the start up OpenAI. Recent data show that ChatGPT reached more than 100 million users in January, reaching that market faster than other buzzy apps like TikTok.
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The outlook for the car market in 2023 is uncertain, but that isn’t stopping investors from piling into
Ford Motor
shares.
Ford
(ticker: F) stock is up 23 cents, or 1.9%, at $13.48 in midday trading Thursday. The
S&P 500
and
Dow Jones Industrial Average
are up about 0.9% and 0.7%, respectively.
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Tesla
stock had a rocky 2022, and
Tesla
investors hoped that fourth-quarter EV deliveries would help get 2023 started with a bang. It looks like they’ll be disappointed, as the actual numbers fell short of expectations, sending Tesla stock lower in premarket trading Tuesday.
On Monday, Tesla (ticker: TSLA) reported fourth-quarter deliveries of 405,278. It’s a record result, but it missed Wall Street expectations.
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To start 2023, investors will have a choice to invest in a brand new $18 billion company with some 50,000 energized employees and a plan to create shareholder value.
To close out 2022, that company—GE HealthCare—is on the road, introducing itself to investors. With each new detail that emerges investors get a better sense of where the new stock should trade.
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Shares of EV charging company
ChargePoint
have been caught in the sell off that’s hammered small-capitalization stocks that don’t produce earnings or generate free cash flow, yet. Investors hoped that third-quarter earnings could turn sentiment around, but some concerns linger.
ChargePoint
(ticker: CHPT), on Thursday afternoon, reported a per-share loss of 25 cents from $125 million in sales. Wall Street was looking for a loss of 20 cents per share on sales of $132.3 million.
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Oil hasn’t yet climbed back to $100 per barrel, but options traders are increasingly setting their sights on another target—$200. The most actively traded
Brent crude
options contract on Thursday was an option to buy Brent at $200 in March 2023.
About half of the contracts to buy oil at that price appeared to be placed by one buyer who spent about $810,000 on the options, according to Robert Yawger, the director of energy futures at Mizuho Securities USA. But that buyer isn’t the only person making a bet that oil prices will hit $200, along with other bullish bets on where oil goes in 2023. “There have been people dipping their toes into those higher [options strike prices] over the last couple of days,” Yawger said.
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With inflation still an untamed threat, Friday’s announced merger of the grocers
Kroger
and
Albertsons
will spur debate about whether the consolidation will raise food prices, or lower them.
The Biden administration’s antitrust regulators are scrutinizing mergers more closely than did predecessors, and an old argument against combinations is that they lead to price-gouging.
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