(Bloomberg) — After being the world’s worst performer for much of this year, a key index of Chinese stocks is the biggest gainer so far in November. Most Read from Bloomberg From Covid controls to the property crisis and even US-China relations, the tide seems to be turning on allContinue Reading
Intel CEO Pat Gelsinger recently has been buying up shares of the chip giant that he helms, but he has spent far more for shares of recently spun-off Mobileye which is developing autonomous driving technologies. Gelsinger paid $2.5 million on Oct. 28 for 120,000 Mobileye (ticker: MBLY) shares at theContinue Reading
(Bloomberg) — Stocks are worth buying because they’ve fallen so far that further dramatic declines are unlikely, according to a top wealth adviser at Goldman Sachs Group Inc. Most Read from Bloomberg The odds of a recession are about 50-50, which the market has already factored into share prices andContinue Reading
Igor Golovniov | Lightrocket | Getty Images Altice USA‘s shares fell 29% Thursday, after the company posted a weak earnings report. The company, which provides broadband, cable-TV, wireless and phone services, saw its shares sink following Wednesday’s earnings report that net income and revenue fell as Altice lost subscribers andContinue Reading
PayPal Holdings Inc.’s cost-savings story began to play out in the latest quarter, but that wasn’t enough to satisfy investors as the digital payments giant also cut its revenue forecast for the full year in light of the “rough macro environment.” Shares were down more than 9% in after-hours tradingContinue Reading
Qualcomm Inc. shares fell in the extended session Wednesday following the chip maker’s poor outlook, and estimates of about two months or more of inventory it needs to clear in its core business. Qualcomm QCOM, -4.12% shares dropped 7.6% after hours, following a 4.1% decline to close at $112.50 inContinue Reading
Paramount Global (PARA) reported third-quarter earnings before the bell on Wednesday, missing expectations as the industry grapples with unfavorable linear TV trends and a slowdown in advertising spend. Here are Paramount’s third quarter results compared to Wall Street’s consensus estimates, as compiled by Bloomberg: Revenue: $6.92 million versus $7.06 billionContinue Reading
(Bloomberg) — Mark Zuckerberg built Meta Platforms Inc. into one of the biggest companies in the world, but some investors now see him as an obstacle to the stock recovering from a historic selloff. Most Read from Bloomberg The Facebook parent has tumbled 71% this year, with last week’s earningsContinue Reading
(Bloomberg) — Investors just got over a hectic week, contending with a blitz of earnings from some of America’s biggest companies as well as a pile of uncertain economic and geopolitical news. But what’s coming may be even worse. Most Read from Bloomberg In the span of just seven tradingContinue Reading
Intel Corp. shares on Friday scored their best one-day rally since the start of the COVID-19 pandemic after the chip maker’s planned cost cuts and layoffs encouraged investors that have withstood shrinking margins and market share over the past several quarters. Intel INTC, +10.66% shares rallied to finish near theirContinue Reading