Articles

Palo Alto Networks continues to play the long game, much to Wall Street’s chagrin

Palo Alto Networks still is dealing with investor chagrin about the big shift in strategy it announced last quarter, in an effort to eventually boost revenue growth.

Elon Musk’s Tesla pay package assailed by shareholder group

New York City’s investment chief and other key investors are urging Tesla Inc. shareholders to vote against Chief Executive Elon Musk’s $56 billion pay package and the reelection of board directors Kimbal Musk and James Murdoch.

FDIC Chair Martin Gruenberg to resign as pressure mounts

Federal Deposit Insurance Corp. Chair Martin Gruenberg says he will resign once the banking regulator finds a successor.

Ether price jumps ahead of SEC’s ETF decision as speculation on approval rises

Ether’s price jumped Monday afternoon, leading a rally for major cryptocurrencies three days before the U.S. Securities and Exchange Commission has to decide whether to approve VanEck’s application for a spot ether exchange-traded fund.

Trump Media had less than $1 million in revenue during the first quarter

The revenue total came largely from advertising, the Truth Social parent said.

Peloton unveils convertible-debt refinancing, and its stock falls 8%

Ailing Peloton Interactive Inc. said late Monday it will issue convertible bonds as part of a debt swap, sending the fitness company’s stock 8% lower in the after-hours session.

Zoom bumps its longer-term outlook higher, but near-term forecast comes up short

Zoom Video Communications Inc. on Monday bumped its full-year profit and sales forecast higher, after reporting first-quarter results that beat Wall Street’s expectations, helped by a broader artificial-intelligence rollout across the video-calling platform’s products.

Palo Alto Networks’ stock falls after earnings as forecast fails to impress

The stock was down about 10% in after-hours action Monday. It lost 28% in the session after the last earnings report.

Rudy Giuliani and George Clooney have at least this one thing in common

Giuliani has entered the celebrity branding world with Rudy Coffee. Here’s what branding experts say about its chances to succeed.

Wall Street strategists rush to revise their S&P 500 targets as stocks hit fresh records. Here’s what they see happening.

The stock market’s renewed record-setting rally has blindsided Wall Street’s top strategists, prompting many to swiftly revise their year-end S&P 500 targets in an effort to keep pace with a surge that has far exceeded expectations from earlier this year.

JPMorgan’s Jamie Dimon suggests he may retire early

JPMorgan Chase & Co.’s Jamie Dimon on Monday implied that he may retire earlier than planned as the bank’s chief executive.

Fed’s Mester says forecast of 3 rate cuts this year is now probably too many

“I was on the record before saying I was at the median [forecast] which was three,” Loretta Mester said Monday. “The developments I’ve seen in the economy right now, I would not think that that’s still appropriate.”
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