Tesla Inc. shareholders approved Thursday a proposal that is expected to result in a 3-for-1 stock split and they sided with the company on most of the proposals up for a vote. Tesla TSLA, +0.40% He announced the preliminary results of the votes at his gigafactory in Austin, his new corporate headquarters, at the end … Read more
Tesla Inc. shareholders approved Thursday a proposal that is expected to result in a 3-for-1 stock split and they sided with the company on most of the proposals up for a vote. Tesla TSLA, +0.40% He announced the preliminary results of the votes at his gigafactory in Austin, his new corporate headquarters, at the end … Read more
Text size Investors will receive one preferred share for each share of common stock they own. Jeenah Moon/Bloomberg AMC Entertainment finally giving the “apes” what they want. The movie-theater company paired its second-quarter earnings report with news that it is giving shareholders a special dividend of AMC Preferred Equity Units. The AMC preferred shares will … Read more
The S&P 500 index may be about to get two major bullish SPX, +0.01% milestones. First, the S&P has rallied from that mid-June low up to major resistance at 4170. A close to two days above that level would be quite bullish and set the stage for a challenge the downtrend line that defines this … Read more
DOVER, Del. — Elon Musk’s answer to Twitter sues for its attempt to back out of a $44 billion deal to make public the purchase of the social media company on Friday evening at the latest, a judge ruled on Wednesday. Musk’s attorneys wanted to file a public version of their answer and counterclaims in … Read more
Text size Financial services company SoFi’s revenue grew 50% year-on-year. SoFi Technologies stock jumped on Wednesday, a day after the financial services company posted a record quarterly income and guidance for fiscal 2022 was raised. SoFi (ticker: SOFI ) reported an adjusted second-quarter loss of 12 cents a share on $356 million in revenue. Analysts … Read more
Airbnb Inc. said. Tuesday that it had its first profitable second quarter as a public company, and that it is so confident in its business that it is buying back $2 billion of its stock. “Our Q2 results demonstrate that Airbnb has achieved growth and profitability at scale,” CEO Brian Chesky said during prepared remarks … Read more
Shares of Advanced Micro Devices Inc. declined. in the extended session on Tuesday after the chipmaker’s revenue forecast came in below Wall Street consensus after posting record sales, beating Street expectations and reporting a sharp rise in data center sales. “Taking a step back, while there has been additional softness in the PC market in … Read more
Text size The stock has more than doubled this year and is the top performer in the S&P 500, Callaghan O’Hare/Bloomberg Warren Buffett probably liked it Occidental Petroleum and second quarter earnings report. Occidental Petroleum (Ticker OXY), which includes Buffett Berkshire Hathaway (BRK/A, BRK/B) the largest shareholder, increased profit estimates, paid down almost $5 billion … Read more