disruptions
- Market
Salesforce stock rises on earnings beat, increased outlook
Salesforce.com Inc. shares rose in the extended session Thursday after the cloud-based customer-relationship management company topped Wall Street estimates and…
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GameStop stalls, AMC soars in rare divergence — short interest might hold the key
After posting almost identical charts for weeks, the two biggest names in meme stocks are suddenly no longer twinning, and…
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Archegos wipes off $6bn from top banks’ stock trading units in first quarter
The implosion of family office Archegos Capital wiped off more than $6bn from the world’s largest investment banks’ equities business,…
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A new short squeeze in GameStop and AMC? One social-media sentiment tracker says one is brewing for ‘either today or very soon’
The two biggest “meme” stocks are giving retail investors something to talk about on Tuesday, and leading at least one…
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Bitcoin, dogecoin lead wipeout of over half a trillion dollars in manic Monday for crypto
The air is leaking out of the crypto complex, highlighted by declines in popular trades, including bitcoin, dogecoin and crypto…
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Social media drives crowd of young investors to markets in wake of GameStop saga
Almost a fifth of Gen-Z investors have ventured into the markets over the past year, with 9% starting after the…
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AMC Entertainment stock surges to longest win streak in nearly 2 years
Shares of AMC Entertainment Holdings Inc. rallied Friday to a sixth straight gain, which is the longest win streak in…
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Plug Power stock soars as restatement removes overhang of uncertainty
Shares of Plug Power Inc. surged Friday, after they hydrogen and fuel cell systems company completed its restatement, removing a…
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AMC soars and this time GameStop follows as meme stocks get squeezed hard
Meme stocks are playing role reversal with AMC Entertainment’s AMC, +29.89% Thursday short squeeze pulling up shares in retail stock…
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U.S. stock futures mostly lower after rout triggered by inflation fears
U.S. stock-index futures pointed to a mixed start for U.S. equities Thursday, a day after hot inflation data sent the…
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Tesla stock and bitcoin drop after Elon Musk says car sales with crypto will be halted due to energy usage of mining
Tesla Inc. will halt sales of cars using bitcoin due to the effects on the environment that cryptocurrency mining can…
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Tesla stock falls again after downbeat China sales data
Shares of Tesla Inc. took another dive Tuesday, after the electric vehicle maker’s April sales in China fell sharply from…
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Pharma investors scoff at Covid vaccine patent waiver: ‘We are not convinced’
Fund managers holding healthcare and pharmaceutical stocks have questioned the US government’s decision to support a waiver on Covid vaccine…
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Peloton stock bounces back after revised forecast calls for $4 billion in annual sales
This article previously referenced incorrect estimates for Peloton’s quarterly performance. It has been updated. Peloton Interactive Inc. executives expect to…
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US watchdog mulls stricter rules after Archegos debacle, GameStop mania
WASHINGTON—Wall Street’s top regulator will study potential new rules related to two recent episodes of stock-market turbulence — the GameStop…
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Twitter stock sinks as revenue, earnings beat but user numbers miss expectations
Twitter Inc. on Thursday reported increased quarterly revenue on the strength of ad sales, but its user numbers fell short…
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Investors sitting on cash look to amp up stock market bets
Cash-hoarding investors are displaying more confidence in stock market prospects, with a 41% looking to increase their holdings over the next six…
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Facebook shares rise toward record on big jumps in sales, earnings from advertising
Facebook Inc. shares rose 6% in extended trading Wednesday, to what would be a record high if gains hold up…
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Ford swings to Q1 profit, but expects $2.5 billion hit from chip shortage
Ford Motor Co. said late Wednesday it had one of its best quarters on record as it swung to a…
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Google ad sales push Alphabet earnings to record, stock heads toward new high
Google parent Alphabet Inc. rang up record profits for a third straight quarter during the pandemic, catapulting shares 5% toward…
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Microsoft earnings beat expectations across the board, but the stock is falling
Microsoft Corp.’s earnings easily surpassed estimates on Tuesday, but shares still fell in after-hours trading following a string of record…
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AMD stock rises after earnings show data-center sales more than doubling
Advanced Micro Devices Inc. shares rose in the extended session Tuesday after the chip maker said data-center revenue more than…
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Tesla’s first-quarter sales rise more than 70%, but stock slips
Tesla Inc. stock fell nearly 2% late Monday after the Silicon Valley electric-car maker reported mixed first-quarter earnings, with sales…
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Intel stock falls despite earnings beat, as data-center sales slump more than 20%
Intel Corp. shares fell in the extended session Thursday despite a big earnings beat and a raised annual forecast, as…
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IBM surprises with revenue gain, and stock rallies
International Business Machines Inc. shares rallied in the extended session Monday after the tech giant topped Wall Street estimates with…
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Hedge fund Millennium’s $50m meme-stock short is a sign GameStop army in retreat
The retail investing boom is showing signs of slowing down, and short sellers are seizing on the trend as Reddit…
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Juventus FC’s shares soar amid JPMorgan’s $5bn backing for European super league
JPMorgan has confirmed reports that it is backing a proposed $5bn European super league that was announced late on 18…
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Regulators could gum up Spac surge
Investors are cooling to one of the hottest bets on Wall Street as new regulatory scrutiny of special-purpose acquisition companies…
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Coinbase’s popularity among Reddit’s retail brigade topped GameStop and Tesla
Retail investors lined up in droves to buy shares of cryptocurrency exchange Coinbase as it debuted on the Nasdaq, surpassing…
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Applovin stock falls nearly 20% from IPO price in debut
Applovin Corp. shares opened below their initial public offering price in their trading debut Thursday and never recovered, after IPO…
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Barclays stocks suffer mini flash crash
Shares in Barclays, one of the UK’s most prominent stocks, plunged 10% at the opening bell on 14 April and then…
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CDC committee votes to extend the ‘pause’ for J&J’s COVID-19 shot
A Centers for Disease Control and Prevention advisory committee voted to extend the federal “pause” halting immunizations with Johnson &…
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Alibaba shares jump in Hong Kong after record antitrust fine by China
Shares of Alibaba Group Holdings Ltd. surged more than 5% Monday in Hong Kong trading, after the e-commerce giant was…
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The 30-something Cohen consolidates power at GameStop and the Reddit crowd cheers…but the stock is so-so
GameStop’s army of Reddit traders is ecstatic over the news that Ryan Cohen has been nominated chairman of the bricks-and-mortar…
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Elon’s brother Kimbal Musk pockets more than $7 million from Tesla stock trades
Kimbal Musk, Elon’s younger brother, made more than $7 million trading Tesla Inc.’s stock, as he acquired shares through options…
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GameStop to sell 3.5 million shares after Reddit-fuelled trading frenzy
GameStop said it could raise hundreds of millions of dollars from stock sales in the coming months, as the videogame retailer…
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Tesla is on fire, but these EV-related stocks could end up just as hot
Tesla’s first-quarter delivery numbers settled the question of whether demand for electric vehicles would strengthen and reach critical mass. It…
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Reddit trading guru Keith Gill looks to have made over $25 million on his GameStop bet
He likes the stock. Social-media trading star Keith Gill, known by his social-media nickname Roaring Kitty posted what is believed…
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Deliveroo’s IPO flop casts doubt on London as listings hub
Shares of British food delivery app Deliveroo slumped by 30% in its stock market debut, a blow to the ambitions…
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Biden infrastructure plan includes pitch for electric vehicle rebates — Tesla, GM, Nikola shares gain
The Biden administration will ask Congress to extend incentives that have spurred a U.S. electric-vehicle market that still trails EV…
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Coursera stock jumps 20% out of the gate on first day of trade
Coursera Inc.’s stock bolted out of the gate Wednesday on their first day of trading with shares of the the…
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‘You have to wonder what this says about Credit Suisse risk management’
Credit Suisse was dealt another blow on the heels of massive losses from the Greensill collapse, sparking worries about the…
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Banks pressured after U.S. fund wilts
Shares of Europe’s largest banks dropped on Monday after extending credit to a major client that couldn’t meet its obligations.…
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Vizio stock sputters in trading debut as IPO market appears to cool
Vizio Holding Corp. shares opened below their initial-public-offering price Thursday afternoon in a sign that the once-hot IPO market could…
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GameStop stock swings lower after earnings
GameStop Corp. stock fell in the extended session Tuesday as the videogame retailer at the center of the so-called meme-stock…
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Intel stock rallies as CEO Gelsinger announces aggressive manufacturing buildout
Intel Corp.’s stock surged late Tuesday as the chip maker announced aggressive plans to expand its manufacturing capacity to take…
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Stocks influencers Musk, Wood and Palihapitiya et al have a huge band of devoted followers
One January afternoon, Tesla chief executive Elon Musk sent out an 11-character tweet: “Gamestonk!!” His Twitter followers sprung into action. GameStop shares surged more than 150%…
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Deliveroo set for £8bn market cap on IPO as food orders surge
Food delivery has provided a market trading update setting its share price in the £3.90 to £4.60 range, which would…
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Here’s how Roblox performed compared to 2021’s top Wall Street tech IPOs
Gaming firm Roblox, a favourite among kids spending their parents’ money globally, burst onto Wall Street last week in a…
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How billionaire Bill Gross U-turned and made $10m shorting GameStop
Co-founder of Pimco Bill Gross made $10m shorting GameStop stocks – and is still short of the US retailer’s stock.…
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