Articles

Intel’s stock drops after U.S. revokes licenses for exports to China customer

Intel’s stock took a hit Wednesday after the semiconductor giant disclosed that a U.S. government ruling will stop the export of some of the company’s products to a customer in China.

Reddit’s first post-IPO results are ‘mission accomplished,’ with international and data-licensing opportunities ahead

Reddit Inc.’s first quarterly results as a public company sent the company’s stock surging on better-than-expected revenue and a narrower-than-expected loss. Analysts say there are international and new data-licensing opportunities ahead for the social-media platform.

Monster Beverage launches $3 billion stock buyback

Beverage company’s chief executive may sell up to about $33 million of stock to provide “flexibility.”

Teva Pharmaceutical’s stock climbs as schizophrenia treatment shows promise

Teva Pharmaceutical Industries stock jumped more than 6% early Wednesday after the company reported first-quarter sales that topped estimates and released positive late-stage trial data on a schizophrenia treatment.

Tripadvisor’s stock could see record plunge as potential buyout plans dropped

Tripadvisor’s stock took a dive premarket Wednesday, after the online travel-booking company said it decided pursuing a potential sale would not be in the best interest of the company or its shareholders.

U.S. prosecutors are examining whether Tesla committed securities or wire fraud in Autopilot probe: Reuters

Prosecutors are reviewing whether Telsa or CEO Elon Musk told consumers that self-driving technology means cars can drive themselves.

AstraZeneca withdraws COVID-19 vaccine

AstraZeneca said it’s withdrawing its COVID-19 vaccine worldwide, with the company saying there’s a surplus of available vaccines that are available.

I’m 62, own a home, have an IRA, HSA and CDs, but I’m conservative. How do I take my money out when I retire?

“I don’t yet have a good strategy for liquidating my current assets for income.”

New York Times stock gains as adjusted profit rises by 41%

Digital subscriptions rise by 210,000 in a ’strong start’ for the year.

Virgin Galactic’s better-than-expected cash burn a positive sign, says KeyBanc

Virgin Galactic Holdings Inc. gave an update on its closely-monitored cash position when it reported its first-quarter results after the bell Tuesday, with the company’s cash burn, in particular, attracting attention.

Bill Hwang lost $35 billion in a spectacular trading implosion. Now, prosecutors will try to prove it was a crime.

The hedge fund trader stands accused of misleading banks and manipulating prices through huge, shadowy stock buys, but he argues he did nothing illegal.

Fitch cuts NYCB’s debt rating deeper into junk territory but says outlook remains stable

Analyst cites “weaker earnings and profitability profile in addition to execution risk.”
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