Intel Corp. shares were popping nearly 8% in Thursday’s extended session after the chip maker delivered a rosy forecast, while talking up new customers for its foundry business and traction related to…
Tag: Content Types
Wall Street legend Byron Wien dies at 90. Here are his ’20 life lessons’
Wall Street said goodbye to a legendary figure on Thursday when news broke that Byron Wien had died at the age of 90, according to news reports. For those who are unfamiliar,…
Sam Bankman-Fried Says FTX Actions Were Guided by Lawyers
Updated Oct. 26, 2023 6:20 pm ET Sam Bankman-Fried testified in an unusual hearing that he relied on the blessing of lawyers to make business decisions such as deleting communications and making…
Apple Faces Potential Watch Import Ban After Federal Trade Ruling
Updated Oct. 26, 2023 5:59 pm ET A U.S. federal trade agency on Thursday found that Apple violated the patent of a rival tech company, a ruling that could lead to an…
Ford’s stock drops 5% after carmaker withdraws guidance, EV unit loses $1.3 billion
Ford Motor Co.’s stock dropped more than 5% after hours Thursday after the carmaker reported lower-than-expected quarterly earnings and withdrew its guidance for the year, citing the pending agreement with the United…
Tech Selloff Intensifies, Pulling Down Nasdaq
A pullback in megacap technology stocks deepened Thursday, dragging the Nasdaq Composite into its worst two-day decline of the year. The tech-heavy index dropped 1.8%, while the S&P 500 shed 1.2%. The…
Amazon’s Profit Triples as Sales Show Resilience Leading Into Holidays
Updated Oct. 26, 2023 4:40 pm ET Amazon.com said profit tripled to nearly $10 billion from July to September as strong sales in its cloud-computing, advertising and retail units helped the company…
Hasbro’s stock is having its worst month since the 1980s as toys sales tumble
Shares of Hasbro Inc. got rocked Thursday, making investors suffer through the worst month in four decades, as a weakening toy market led the company to report disappointing third-quarter results. Heading into…
U.S. stocks tumble as Nasdaq slides further into correction territory on disappointing earnings
U.S. stocks extended losses on Thursday afternoon with the Nasdaq Composite sliding further into correction territory following another batch of disappointing megacap company earnings. A blockbuster report on summertime economic growth and…
Private equity: Everything you always wanted to know about this $12 trillion asset class but were afraid to ask
Whether you’re a stock-market investor, an employee of a private business or a customer of one of the thousands of consumer-facing companies owned by private-equity funds, private equity is part of your…