News Around the Globe
By Elisa Netflix shares fell 5% on Friday after Goldman Sachs downgraded the streaming pioneer over risks of slower consumer spending and tough competition from Amazon and Walt Disney. In April, Netflix lost …
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By Elisa A day after Facebook owner Meta suffered the deepest loss of stock market value in history for a US company, Amazon logged the greatest ever one-day increase in value. Shares …
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By Elisa Shares of PayPal slumped as much as 25% on Wednesday as investors questioned the company’s growth prospects after it disclosed a big hit to revenue from the impending loss …
Read MoreBy Elisa Shares of electric vehicle maker Rivian retreated Wednesday, putting brakes on a euphoric rally that has seen it surpass legacy automakers such as General Motors in market capitalization …
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By Elisa Tesla top boss Elon Musk sold another block of company shares worth about $700 million, filings showed on Friday, as the billionaire takes advantage of a meteoric rally that drove the …
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By Feuer Shares of Snapchat’s parent company tanked as much as 27 percent after the social media firm reported lower-than-expected revenue on Thursday, blaming the miss on changes Apple made …
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By Feuer Shares of Pinterest soared as much as 17 percent Wednesday after a report said financial-technology firm PayPal is considering buying the social media company. PayPal has recently approached …
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By Moynihan Robinhood’s stock tumbled more than 10 percent after the free stock-trading app warned a trading frenzy that powered its latest quarterly results appears to be waning. The Silicon …
Read More By Moynihan Shares of the free stock-trading app popped more than 20 percent Tuesday morning despite a lack of news, befuddling traders and drawing comparisons to the wild movements of …
Read MoreBy Wayt Shares of cloud-computing company Fastly are up more than 12 percent since the company’s high-profile glitch took down many of the world’s most popular websites. For about an …
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By Feuer GameStop shares rose more than 6 percent in early trading after the company announced it raised $551 million through a stock sale to speed up the company’s turnaround …
Read More By Alexandra GameStop shares shot up after the company announced plans to search for a new chief executive officer to help accelerate the company’s transformation into a digital retailer. GameStop …
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By Kennedy The bosses of Robinhood, Citadel, Melvin Capital and Reddit will testify next week at a House hearing about the wild trading involving GameStop and other stocks. Citadel’s Ken …
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By Manskar Elon Musk’s brother Kimbal Musk cashed out more than $25 million worth of Tesla stock this week, records show. The younger Musk, who’s also a Tesla board member, …
Read More By Manskar Reddit’s army of retail traders might not have been only force behind the unprecedented GameStop rally that turned Wall Street upside down, new data show. GameStop was “notably …
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By Manskar Alibaba’s New York-listed shares dropped about 9.9 percent to $230.80 in premarket trading after Beijing’s State Administration for Market Regulation announced the probe, the latest setback for the …
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By Manskar Disney’s stock price took off like the Mandalorian’s jetpack early Friday after the Mouse House laid out ambitious plans for its Disney+ streaming service. Shares in the Hollywood …
Read More By Lisa Shares of GameStop shares jumped more than 27 percent on Monday after it emerged that the founder of pet food company Chewy.com took a stake in the video …
Read More By Mcenery Love it or hate it, Robinhood is now worth more than $11 billion. The controversial trading app announced on Monday that it raised a new $200 million round …
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By Manskar Dave Portnoy says he buys stocks based on his mantra that they “only go up” — but a muckraking short-seller thinks one of his bets is in for …
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