Shares of NIO Inc. were knocked down by a short-seller report on Wednesday, alleging exaggerated financial results, even as the China-based electric vehicle maker said the report is without merit and contains “numerous errors.” the stock NIO, -3.35% fell 2.5% in morning trading, putting it on track for a third-straight loss. It was down as …
Pfizer Inc. and partner BioNTech SE said over the weekend that the update to their COVID-19 booster shot showed a “high immune response” against the omicron variant. The announcement comes before Tuesday’s US Food and Drug Administration meeting to determine whether it should order a formula change for boosters ahead of another expected surge in …
Pfizer booster improved to fight omicron, as hospitalizations rise to 3-month high Read More »
Shares of Berkshire Hathaway Inc. Cl B BRK.B, +4.02% shed 0.84% to $267.52 Thursday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index SPX, +3.06% rising 0.95% to 3,795.73 and the Dow Jones Industrial Average DJIA, +2.68% rising 0.64% to 30,677.36. This was the stock’s …
Berkshire Hathaway Inc. Cl B stock outperforms competitors despite losses on the day Read More »
The House Financial Services Committee on Friday issued a long-awaited report on the “meme” stock phenomena, shining new light on pressures faced by retail brokerages, including Robinhood Markets Inc., during the height of the trading frenzy. Almost 18 months have passed since a coalition of retail traders banded together on Reddit to make financial market …
‘Breast stock’ trading frenzy review shows worrisome Robinhood liquidity issues Read More »
Shares of Berkshire Hathaway Inc. Cl B BRK.B, +4.02% rose 4.02% to $278.28 Friday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index SPX, +3.06% rising 3.06% to 3,911.74 and the Dow Jones Industrial Average DJIA, +2.68% rising 2.68% to 31,500.68. The stock’s rise snapped …
Berkshire Hathaway Inc. Cl B stock outperforms market on strong trading day Read More »
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 …
Zendesk shares soar 35% after report of buyout deal Read More »
The Federal Reserve Board on Thursday projected the potential for a rockier road ahead for banks than it did a year ago, but said the 33 financial institutions it reviewed passed its annual stress test of capital reserves. The Fed estimated $612 billion in potential losses for banks in its most severe economic scenario, and …
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 …
Revlon’s new ‘meme’ stock more than quadruples in 3 days since bankruptcy Read More »
By Stephen Nakrosis Shares of cosmetics maker Revlon Inc. are trading higher on the New York Stock Exchange Tuesday, and have risen since the company voluntarily filed for chapter 11 bankruptcy protection last week. At 11:47 am ET, the company’s shares were 21.72% higher at $4.54 per share. Volume at the time topped 38.7 million …
Revlon Shares Rise 21%, Shares Up Following Bankruptcy Filing Read More »
Elon Musk is expected to confirm his desire to own Twitter when he speaks to the social-media company’s employees on 16 June, according to a person familiar with the matter. The billionaire Tesla chief executive is slated to answer pre-submitted employee questions for roughly an hour at a virtual Twitter all-hands meeting on the morning …
Elon Musk set to confirm he wants to own Twitter at staff meeting Read More »