Articles

Earnings Results: More commutes, summer travel propel Lyft’s results and stock

Ride-hailing service Lyft Inc. on Tuesday reported a surprise second-quarter adjusted profit, helped by summer travel and a return to offices.

: Goldman woos veteran Russell Horwitz to return as chief of staff, while two other executives depart

Russell Horwitz replaces John F.W. Rogers as chief of staff while Rogers will retain other titles; Jeff Currie to retire while Julian Salisbury exits GASM

Key Words: Why Palantir is launching into its first stock-buyback program

Less than three years after going public, Palantir has taken its latest step toward maturity with the announcement of a $1 billion buyback program.

The Tell: Have AI stocks like Nvidia reached bubble territory? Here’s what history can tell us.

There's been plenty of chatter about the artificial-intelligence software craze pushing stock prices into bubble territory this year as U.S. equities have recovered from the 2022 bear market and by one measure valuations are already looking stretched.

: Dish bonds rally with stock after all-stock merger with EchoStar

Billionaire Charlie Ergen's decision to combine his two telecom companies in an all-stock deal sent their shares and bonds higher on Tuesday.

The Ratings Game: AMC could face bankruptcy risk if APE conversion battle fails and strikes drag on, analyst warns

AMC reported better-than-expected second-quarter results, but the outcome of the company's stock conversion battle looms large.

: The shrinking American home: As demand rises, builders go smaller

Land and cost constraints are pushing builders to construct smaller, more densely packed homes, according to John Burns Real Estate Consulting.

Key Words: UPS blames ‘late and loud’ Teamsters talks for revenue miss, outlook cut

UPS cut its revenue and margin outlook as talks with the Teamsters led to volume diversion, and as tentative wage pact boost labor costs.

The Ratings Game: Tilray’s deal with AB InBev makes it a much bigger beer company — via beers with falling sales, analysts say

Tilray's stock rocketed higher on Tuesday after the Canadian cannabis producer announced a deal to buy eight beer and beverage brands from Anheuser-Busch InBev.

: Bank asset quality, weaker profits spark Moody’s reviews and downgrades as it weighs potential 2024 recession

Moody's says funding and profitability pressures will be more pronounced for banks that have allowed capital to decline.

Market Extra: Bank ETFs head for worst day in 3 months after credit downgrades, warnings rattle sector

Exchange-traded funds that buy bank stocks fall sharply after Moody's cuts ratings on regional names and puts a handful of major players under review.

: Nvidia’s stock slips on introduction of new AI data-center CPU+GPU chip

Did you think Nvidia would let the lead AI data-center product of rival AMD go unanswered?
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