Articles

Apple refreshes iPad Air and iPad Pro lineups — while talking up AI

Apple announced a refreshed tablet lineup Tuesday on what Chief Executive Tim Cook called the “biggest day for iPad since its introduction.”

How the outcome of Biden and Trump’s election rematch might impact stocks

The expected November rematch between President Joe Biden and former President Donald Trump is perhaps the biggest event on this year’s geopolitical calendar. Yet, it doesn’t appear to have had much of an impact on markets.

SECs Gensler slams media for ‘outsized’ focus on crypto

U.S. Securities and Exchange Commission Chair Gary Gensler denied allegations that he is overly focused on the crypto industry in a Tuesday interview, arguing that it’s the financial press that has become overly focused on the issue relative to traditional securities markets.

International Paper stock rises on report of $15 billion buyout offer by Brazil’s Suzano

IP shares rise by 5% on potential deal that would value the company at a premium

Peloton’s stock soars 14% on report private equity firms are considering a buyout

Peloton was a pandemic success story when stay-at-home mandates encouraged demand for its equipment and software but it has since lost its way.

Instacart’s stock rises on Uber delivery partnership

Loyalty club members will get free delivery on orders of more than $35.

Spirit AeroSystems confirms Boeing talks but stock falls on ‘horrendous’ results

Spirit AeroSystems Holdings Inc. said Tuesday that it was “currently engaged in discussions” with Boeing Co., its largest customer, regarding a potential buyout of aircraft-components maker.

Nikola’s stock falls as revenue dropped to less than half what was expected

Nikola’s stock dropped premarket Tuesday, reversing a brief gain, after the electric-truck maker reported first-quarter revenue that fell to less than half what was expected, offsetting a narrower-than-expected loss.

Invest in Argentina, Musk says in post alongside Milei

Tesla CEO Elon Musk called on investors to back Argentina in a social-media post with the country’s new leader, Javier Milei.

Apple spent $645 billion on buybacks in a decade. These companies were even more effective.

An analysis of the S&P 500 shows that large reductions in share counts over the long term are correlated with good performance for stocks.

Consol Energy sees Baltimore terminal shut through May after bridge collapse

Coal producer Consol Energy Inc. on Tuesday beat analysts’ lowered expectations for its first-quarter profit after the collapse of the Francis Scott Key Bridge in Baltimore shuttered a terminal that will remain closed through May, the company said.

Celsius stock drops 5% in premarket trading after revenue falls short of analyst estimate

Celsius Holdings Inc.’s stock was down by 5% in premarket trading after the energy drink and protein bar maker’s revenue missed the FactSet consensus estimate.
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