Thursday's big stock stories: What's likely to move the market in the next trading session
Here’s what’s on the radar for CNBC TV heading into Thursday’s session after Wednesday’s rally attempt ultimately failed. Source link
Investing
Investing
SunPower files for bankruptcy, plans to sell assets — stock plummets
Workers install solar panels during a SunPower installation on a home in Napa, California, on July 17, 2023. David Paul Morris | Bloomberg | Getty Images The rooftop solar installer SunPower has filed for bankruptcy, after struggling for months in the face of high interest rates and allegations of misconduct in its reporting practices. SunPower […]
Investing
No 24-hour trading Monday due to issue at third-party venue
Spencer Platt | Getty Images Brokerage firm Robinhood announced on Monday evening that it would not offer overnight trading due to an issue with its execution venue. The company said in a post on social media site X that Blue Ocean ATS, the third-party firm that Robinhood works with for round-the-clock trading, has suspended its […]
Investing
Apple shares drop 7% after Warren Buffett’s Berkshire Hathaway slashes stake by half
Warren Buffett walks the floor ahead of the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska on May 3, 2024. David A. Grogen | CNBC Warren Buffett sent shockwaves through the investing world over the weekend by slashing his big Apple stake by half, causing the tech stock to crater on Monday amid the intensifying […]
Investing
Top Wall Street analysts like these 3 stocks for long-term prospects
Earnings season is in full swing, with results from tech giants and sector leaders influencing the market’s direction. While these updates provide key insights into a company’s performance, investors should remember their investment decisions must not be based on a single quarter’s results. Instead, they should consider the recommendations of top Wall Street analysts, who […]
Investing
Activist Anson may have spotted a huge opportunity for value in Five9
Pavlo Gonchar | Lightrocket | Getty Images Company: Five9 (FIVN) Business: Five9 provides intelligent cloud software for contact centers in the United States and internationally. It offers a virtual contact center cloud platform that delivers a suite of applications, which enables the breadth of contact center-related customer service, sales and marketing functions. The platform also […]
Investing
How a shuttered power plant in Michigan could pave the way for more nuclear energy
The Palisades Nuclear Generating Station in Covert, Mich. John Madill | The Herald-Palladium | AP The Palisades Power Plant on the shores of Lake Michigan had become a piece of history, a relic of an era when nuclear energy was viewed as the future. The reactor in Covert, Michigan, about 70 miles of southwest of […]
Investing
Berkshire’s cash pile could top $200 billion as Buffett sells stock
Warren Buffett in Omaha, Nebraska, on May 3, 2024. David A. Grogan Berkshire Hathaway‘s highly scrutinized cash pile could top $200 billion — more than the entire annual gross domestic product of Hungary — amid CEO Warren Buffett’s rare sale of some of his favorite stocks. The Omaha-based conglomerate is likely to say its cash […]
Investing
Buffett’s Berkshire sells $3.8 billion worth of Bank of America in 12-day selling spree
Warren Buffett speaks during the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska, May 4, 2024. CNBC Warren Buffett is not done selling Bank of America. Berkshire Hathaway shed a total of 19.2 million BofA shares on Tuesday, Wednesday, and Thursday for almost $779 million at an average selling price of $40.52 per share, according […]
Investing
Ackman’s Pershing Square withdraws IPO as demand for offering waned
Bill Ackman, CEO of Pershing Square Capital Management, speaks during an interview for an episode of “The David Rubenstein Show: Peer-to-Peer Conversations” in New York on Nov. 28, 2023. Jeenah Moon | Bloomberg | Getty Images Bill Ackman’s Pershing Square USA withdrew plans for an initial public offering after investor demand appeared to wane from […]