Articles

Coherent stock rallies on profit beat and bullish comments on product launch

Stock jumps 12% on boost in net income and “favorable operating leverage.”

I’m doing my taxes for a CD that matures in 2024. Why did the IRS not send me paperwork?

The IRS treats interest from CDs and other cash investments as ordinary income.

SEC set to force hedge funds, high-frequency traders to register in latest showdown with industry

The Securities and Exchange Commission is set to impose new rules that would require many private funds to register with the agency as so-called dealers, a move that regulators say will help them better monitor a sometimes wobbly market for U.S. government debt.

Spirit AeroSystems reports a surprise profit but won’t provide guidance

The aircraft-components maker reported a surprise fourth-quarter profit, but said it would not provide financial guidance until the timing of Boeing 737 Max production rate increases becomes clear.

Tech stocks vulnerable to sharp selloff as investors’ positioning becomes dangerously stretched, Citi warns

U.S. investors are so bullish on technology stocks that even a slight hiccup could send the tech-heavy Nasdaq-100 careening lower.

DocuSign plans to cut 6% of its work force

DocuSign Inc. said Tuesday it will take up to $32 million in charges against its earnings as part of a cost-cutting move to reduce its work force by 6%, as job reductions continue in the technology sector.

Adam Neumann is trying to bid for WeWork, reports say

Adam Neumann is trying to buy back the company he co-founded and loaded with debt.

Recent IPO Amer Sports is tapping the high-yield bond market with $600 million deal

The news surprised investors coming just days after Amer Sports made its debut on the New York Stock Exchange with a deal that priced below the proposed price range at $13 a share.

Morgan Stanley’s five reasons why European stocks will prove pessimists wrong in 2024

When Morgan Stanley’s European equity analyst team said they saw 9% upside for the MSCI Europe index in 2024, many of their clients were having none of it.

Eli Lilly’s stock leaps toward a record as a 16% jump in prices boosted profit

U.S. prices for Lilly’s drugs climbed 27%, driven by diabetes treatment Mounjaro, while prices outside the U.S. fell.

Plug Power’s stock loses a bull with company seen in ‘triage’ mode

Plug Power shares have been subject to volatile swings in recent months, and now a Seaport Research analyst is recommending a neutral stance.

Hertz’s stock heads for record low after car rental company’s loss was wider than expected

Hertz Global Holdings Inc.’s stock tumbled 7% early Tuesday to put it on track for its lowest close since emerging from bankruptcy in July of 2021, after the car rental company posted a wider-than-expected fourth-quarter loss.
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