Ownership changes

NIO shares extend losses as Chinese EV maker denies short-seller report

NIO Inc.’s shares in Hong Kong extended declines in afternoon trading after the company denied accounting in a report by short seller Grizzly Research LLC. the stock NIO, -2.57% NIO, -11.1% fell by as much as 10% to 167.80 Hong Kong dollars (US$21.38) on Wednesday and was recently 9.3% lower at HK$169.50. Grizzly Research in …

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Goldman, Wells Fargo lead dividend buffet after Fed stress test

Six of the US’s largest banks said they have enough capital to either maintain or hike their dividends to shareholders after setting enough aside to handle the most extreme economic conditions expected in the coming year. Wells Fargo & Co. WFC, -0.15% and Goldman Sachs Group Inc. GS, -0.43% both increased their payouts by 20%, …

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Nike’s quarterly profit beats Wall Street expectations, $18 billion buyback approved

Nike Inc. late Monday reported quarterly earnings above Wall Street expectations and said its board approved a new, $18 billion share buyback program, sending the apparel maker’s shares higher in the after-hours session. Nike NKE, -2.13% said it earned $1.4 billion, or 90 cents a share, in the fiscal fourth quarter, compared with $1.5 billion, …

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Analysts see lowest grades for Bank of America and JPMorgan in Fed’s stress test

Bank of America Corp. and JPMorgan Chase & Co. emerged with the lowest marks among the overall passing grade for banks in the Fed’s annual stress test, analysts at Jefferies and Citigroup said Friday. Also weighing in on the stress test, Morgan Stanley analyst Betsy Graseck cut her price targets for Bank of America Corp. …

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Zendesk shares soar 35% after report of buyout deal

Zendesk Inc. ZEN, +1.29% shares soared 35% to $78.36 in after-hours trading Thursday following a report from The Wall Street Journal that the company is close to a deal with a group of buyout firms. A deal with a group that includes Hellman & Friedman LLC and Permira could be struck in the coming days …

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Here’s how you can compound dividend stocks to double the S&P 500’s return

Companies announce dividend increases all the time, but here’s one that points to a simple investing strategy that can lower your risk and make you a lot of money over the years. Maybe it isn’t so exciting on the surface: Kroger Co. KR, a supermarket operator, raised its quarterly dividend payout by quite a bit, …

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Revlon’s new ‘meme’ stock more than quadruples in 3 days since bankruptcy

Shares of Revlon Inc. continued their recent rocket ride Wednesday, as the cosmetics and hair-care company’s bankruptcy appeared to fuel a “meme”-like buying frenzy among retail investors. After Revlon said on June 16 that it voluntarily filed for bankruptcy, the stock tumbled 13.3% to close at $1.95, but that was 66.7% above the June 13 …

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Tesla stock has ‘gone on sale,’ according to one analyst. Here’s what investors should do

Tesla Inc. stock is caught up in the tech selloff as well as some company and industry headwinds, but that doesn’t mean investors should shy away from the “highly attractive entry point” the pullback has created. That’s from CFRA analyst Garrett Nelson, who said in a note Tuesday that even though Tesla TSLA, +9.35% shares …

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Elon Musk joins the growing chorus fearing a US recession. But there are stocks for that.

Look out above, the dip buyers are back in town. Stock futures are soaring — for now — as Wall Street returns from a long holiday weekend, with Fed Reserve Chair Jerome Powell testing in front of Congress this week. The buying mood comes after the S&P 500’s worst week since March 2020, including its …

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Tesla hikes US prices – MarketWatch

Tesla is hiking its US prices, as the electric vehicle maker battles rising aluminum costs and the global supply chain crisis. According to its website, the Model S list price has gone up to $109,490, from $104,490 earlier in the month. The Model Y has climbed to $67,990, from $64,990,. Tesla CEO Elon Musk earlier …

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