(Bloomberg) — Global stocks rallied and haven trades fizzled on Tuesday amid optimism that geopolitical tensions in Ukraine may be easing.Most Read from BloombergRussia Says Some Troops Are Returning to Base After DrillsHere’s What the Pandemic Has in Store for the World NextPutin Signals Talks With U.S. to Go On as Some Drills EndSarcasm in…
1 readers
Updated Feb. 11, 2022 11:35 pm ET / Original Feb. 11, 2022 7:40 pm ET Order Reprints Print Article About a week ago, I spent a few hours at my local Chevy dealer buying out the lease on my 2018 Bolt, with brand new LG batteries—the old ones were recalled because they risked bursting into…
2 readers
Shares of Enphase Energy Inc. ENPH, +2.65% soared 18.4% toward a five-week high in premarket trading Wednesday, after the energy technology company reported fourth-quarter profit that was well above expectations and record revenue, while also saying Chief Financial Officer Eric Branderiz will retire after about four years with the company for personal reasons. Branderiz, who…
6 readers, 3 today
Following Friday’s 11.41% surge, Bitcoin (BTC) held onto $41,000 levels on Saturday. Finding support at $41,000, with a dip to a day low $40,963, was key on the day.Last week’s tech stock rout and late in the week rebound contributed to Bitcoin’s change in fortunes. A number of negative factors for Bitcoin and the broader…
6 readers, 2 today
(Bloomberg) — Meta Platforms Inc.’s one-day crash could rank among the worst in stock-market history.Most Read from BloombergU.K. Scrambles Fighter Jets to Intercept Unidentified AircraftOmicron Sub-Variant May Cause New Surge of Infections in Current WaveTesla, Who? Biden Can’t Bring Himself to Say It — and Musk Has NoticedMeta’s Shares Collapse After TikTok Steals Users From…
3 readers
ConocoPhillips to sell Permian Basin properties to another Houston-based co. for $440M Source: ConocoPhillips to sell Permian Basin possessions to another Houston-based co. for $440M. 2 readers
2 readers
Chevron Corp.s shares CVX, +2.02% slid 3.7% premarket Friday, after the energy giant posted weaker-than-expected fourth-quarter profit, weighing against record earnings for the full year amid strong oil prices. Chevron posted net income of $5.1 billion, or $2.63 a share, in the quarter, swinging back from a loss of $665 million, or 33 cents a…
4 readers
(Bloomberg) — The former head of a Swiss bank goes on trial Tuesday charged with enriching himself and others through millions of dollars in side deals and illegal expenses including racking up a 201,267 Swiss-franc ($220,000) tab at a string of cabarets, strip clubs and “contact bars.”Most Read from BloombergStocks Storm Back From 4% Rout…
2 readers
Updated Jan. 21, 2022 9:27 pm ET / Original Jan. 21, 2022 9:06 pm ET Order Reprints Print Article Illustration by Alvvino “There is no easier way to make money in the market than to buy a great company under pressure due to short-term concerns.” So said the newest member of the Barron’s Roundtable, David…
1 readers
Microsoft’s purchase of gaming publisher Activision Blizzard for $68.7 billion could bring pain to struggling retailer GameStop.”Microsoft’s acquisition of Activision Blizzard changes the scope of key inputs into our prospective GameStop model. Both companies are key vendors to GameStop. A combo fortifies power over the retailer; could reshape volumes for Activision titles if made exclusive…
2 readers
Bank of America says 5G ‘comes alive’ in 2022 — it sees big upside potential for 3 smaller-name stocks that could give you a piece in a pivotal year2021 turned out to be a great year for many 5G stocks. But according to Bank of America, 2022 could be even better.“This is the year 5G…
1 readers
Taiwan Semiconductor Manufacturing (TSM), the world’s largest chip foundry, on Thursday beat analyst estimates for the fourth quarter. TSM stock popped higher in early trading. X Taiwan Semi earned $1.15 per U.S. share in the December quarter, up 19% from the year-earlier period. Analysts expected earnings of $1.12 a share, according to FactSet. The company’s…
1 readers