Markets

Nancy Pelosi has plowed up to $1 million into bullish bets on Tesla stock

House Speaker Nancy Pelosi has up to $US1 million riding on Tesla’s future success. The politician bought 25 call options on shares in Elon Musk’s electric-vehicle company. Pelosi also made bullish wagers on Apple and Disney, and purchased AllianceBernstein stock. Visit Business Insider’s homepage for more stories. House Speaker Nancy […]
Nancy Pelosi has plowed up to $1 million into bullish bets on Tesla stock
Markets

Twilio surges 9% after it agrees to acquire Segment for $3.2 billion

Twilio surged to record highs on Monday after it agreed to acquire Segment for $US3.2 billion in an all-stock deal. “Segment lets developers and companies break down those [data] silos and build a complete picture of their customer,” Twilio co-founder Jeff Lawson said. The deal is expected to close in […]
Twilio surges 9% after it agrees to acquire Segment for $3.2 billion
Markets

Palantir employees and early investors couldn’t sell their shares initially because Morgan Stanley’s trading software glitched

Palantir insiders were temporarily unable to sell shares Wednesday due to an issue with Morgan Stanley’s trading software, Shareworks, CNBC first reported and Shareworks confirmed to Business Insider. The data-mining company went public Wednesday morning via a direct listing at $US10 per share, but took a page from the traditional […]
Palantir employees and early investors couldn’t sell their shares initially because Morgan Stanley’s trading software glitched
Markets

Novavax surges 10% after it begins phase 3 trial of COVID-19 vaccine

Novavax said Thursday it initiated a Phase 3 trial of its COVID-19 vaccine in the UK. The trial will enroll up to 10,000 volunteers across the UK to assess the NVX-CoV2373 vaccine candidate. Novavax has scaled up its manufacturing capacity in anticipation of developing a successful COVID-19 vaccine, and will […]
Novavax surges 10% after it begins phase 3 trial of COVID-19 vaccine
Markets

SPI Energy skyrockets 4,300% after announcing launch of EV business

Shares of SPI Energy soared as high as 4,345% on Wednesday after the solar company announced the launch of an electric vehicle business. The EV business will “focus on the design and develop of new EV technologies and plans to partner with major manufacturers, as necessary,” according to a press […]
SPI Energy skyrockets 4,300% after announcing launch of EV business
Markets

Wells Fargo says stock market volatility will balloon after US election

Markets should prepare for volatility to balloon after Election Day, Wells Fargo said Tuesday. Wells Fargo head of rates strategy Michael Schumacher told CNBC’s Trading Nation Tuesday, options are showing greater volatility. “The big takeaway is three month options vol is still quite high, and it has not really come […]
Wells Fargo says stock market volatility will balloon after US election
Markets

US stocks could take another dive, as ‘FOMO’ has led to a ‘very abnormal’ trading pattern, BTIG bull Julian Emanuel says

Markets are headed for a pullback for three reasons, BTIG’s long-time bull Julian Emanuel said Monday. “Rather than fear being priced in the options market, there’s fear of missing out,” he told CNBC’s “Trading Nation”. “That is a very abnormal position.” He said retail investor appetite, increasing volatility and a […]
US stocks could take another dive, as ‘FOMO’ has led to a ‘very abnormal’ trading pattern, BTIG bull Julian Emanuel says
Markets

Kodak rockets 52% after hedge fund scoops up nearly 4 million shares

Eastman Kodak soared as much as 52% in early Tuesday trading after an SEC filing revealed hedge fund D. E. Shaw & Co. buying more than 3.9 million shares of the company. The purchase represents a 5.2% stake in Kodak. Kodak’s stock price has settled around 40% higher year-to-date after […]
Kodak rockets 52% after hedge fund scoops up nearly 4 million shares
Markets

Chinese Tesla competitor Nio sinks after larger-than-expected share sale

Nio announced on Monday that it sold 88.5 million American depository shares for $US17 a piece. Shares of Nio slumped 8% in premarket trading Monday. The Chinese electric vehicle company, which competes with Tesla, originally planned to sell 75 million shares in a secondary offering Watch Nio trade live on […]
Chinese Tesla competitor Nio sinks after larger-than-expected share sale
Markets

Workday leaps 12% after beating earnings expectations on work-from-home demand

Workday jumped as much as 12% in early Friday trading after beating estimates for second-quarter earnings and revenue. The company also raised its guidance for full-year subscription revenue above Wall Street’s forecast. Workday promoted Co-President Chano Fernandez to co-CEO, where he’ll serve alongside CEO Aneel Bhusri. The firm’s better-than-expected results […]
Workday leaps 12% after beating earnings expectations on work-from-home demand
Markets

Salesforce spikes 29% on blockbuster earnings and boosted full-year forecast

Salesforce.com blew earnings expectations out of the water after markets closed on Tuesday, trouncing expectations for second-quarter profits and revenue. The company also raised its full-year guidance above expectations, a stark pivot from its guidance cut in May. Salesforce shares rallied as much as 29% on the earnings beat. Bank […]
Salesforce spikes 29% on blockbuster earnings and boosted full-year forecast
Markets

S&P 500 closes at record high amid positive housing data and tech rally

The S&P 500 closed at a record high on Tuesday for the first since February amid positive housing-market data and a broad tech rally. Housing starts jumped by 22.6% in July, more than economists expected, showing continued strength in the housing-market recovery. Democrats and Republicans remain deadlocked in negotiations on […]
S&P 500 closes at record high amid positive housing data and tech rally
Markets

Walmart climbs 6% after earnings crush estimates, boosted by online shopping

Walmart reported quarterly earnings on Tuesday that crushed Wall Street’s estimates, boosted by a huge surge in ecommerce. Shares of Walmart climbed as much as 6% in premarket trading Tuesday before paring those gains to trade lower. Walmart’s ecommerce sales soared 97% in the second quarter, as the coronavirus pandemic […]
Walmart climbs 6% after earnings crush estimates, boosted by online shopping
Markets

Barstool Sports could drive ‘rapid share gains’ for Penn National Gaming and help drive the stock 20% higher, according to Goldman Sachs

David Portnoy’s Barstool Sports could drive “rapid share gains” for Penn National Gaming and help drive shares 20% higher from Wednesday’s close, according to Goldman Sachs. The research firm initiated Penn National at a buy with a 12-month price target of $US60 on Thursday, arguing that Barstool’s massive social media […]
Barstool Sports could drive ‘rapid share gains’ for Penn National Gaming and help drive the stock 20% higher, according to Goldman Sachs
Markets

Tesla leaps 7% after 5-for-1 stock split makes shares more affordable

Tesla stock rallied as much as 7% in early Wednesday trading after the company revealed a five-for-one stock split scheduled for August 28. Every Tesla shareholder will receive four additional shares that, when added to their existing share, will equal the stock’s pre-split value. The split itself won’t change Tesla’s […]
Tesla leaps 7% after 5-for-1 stock split makes shares more affordable
Markets

A Wall Street entertainment analyst explains what the return of sports means for media stocks — and breaks down a top pick for the 2nd half of 2020

Tuna Amobi, senior media and entertainment equity analyst at CFRA said the return of sports will slow cord-cutting as viewers flock to live-TV games. Amobi said the lockdown caused a “pent-up demand” to watch sports. The entertainment analyst said Comcast remains one of his favourite names right now. Read More […]
A Wall Street entertainment analyst explains what the return of sports means for media stocks — and breaks down a top pick for the 2nd half of 2020
Markets

Kodak is surging again after skyrocketing 1,200% in 2 days

Kodak’s share price jumped as much as 35% in pre-market trading on Thursday as traders continued to cheer its $US765 million government loan to make drug ingredients in response to the pandemic. The camera company’s stock skyrocketed about 1,200% in two days this week, boosting its market capitalisation from under […]
Kodak is surging again after skyrocketing 1,200% in 2 days
Markets

US stocks fade into the close as doubts around a rescue bill erase gains

US stocks limped into the close on Tuesday, paring earlier gains, after Senate Majority Leader Mitch McConnell said he doesn’t expected another stimulus bill to pass in the next two weeks. The uncertainty surrounding further economic relief dented optimism around the European Union’s historic 750 billion euro ($US860 billion) stimulus […]
US stocks fade into the close as doubts around a rescue bill erase gains
Markets

Dow surges 557 points as traders weigh bank earnings and spiking virus cases

US stocks rose on Tuesday as investors weighed second-quarter earnings results for US banks against spiking coronavirus cases. JPMorgan gained after earnings beat Wall Street expectations. Wells Fargo slumped after reporting a loss and cutting its dividend. Coronavirus cases continue to climb in the US, forcing states to rollback reopening […]
Dow surges 557 points as traders weigh bank earnings and spiking virus cases
Markets

US stocks dip as investors weigh bank earnings and spiking virus cases

US stocks slid on Tuesday as investors weighed second-quarter earnings results for US banks against spiking coronavirus cases. JPMorgan gained after earnings beat Wall Street expectations. Wells Fargo slumped after reporting a loss and cutting its dividend. Coronavirus cases continue to climb in the US, forcing states to rollback reopening […]
US stocks dip as investors weigh bank earnings and spiking virus cases
Markets

Dow gains 369 points on trader optimism around a COVID-19 treatment

US stocks rose on Friday as traders cheered advances in coronavirus treatment. Gilead Sciences said on Friday that an analysis of clinical-trial data for its remdesivir drug found a 62% reduction in mortality risk among severe COVID-19 patients. Still, the US on Thursday reported 63,200 new coronavirus cases, according to […]
Dow gains 369 points on trader optimism around a COVID-19 treatment
Markets

Facebook’s stock price has had a rollercoaster year, driven by an ad boycott, censorship controversies, and blockbuster results. Here are its biggest moves in 2020.

Facebook shares are seeing a steady fall as more advertising brands join a boycott movement against the social-media giant. The tech giant was one among the big few to perform comparatively well despite the storm of the pandemic, but its stock now tells us a different story. Markets Insider rounded […]
Facebook’s stock price has had a rollercoaster year, driven by an ad boycott, censorship controversies, and blockbuster results. Here are its biggest moves in 2020.
Markets

Here’s how Wirecard went from analyst darling to a $2.2 billion accounting scandal — and cost SoftBank hundreds of millions in the process

Wirecard, one of Europe’s leading financial technology companies, is at the heart of one the region’s biggest corporate accounting scandals in recent years. The company’s shares have plunged over 80% ever since it admitted auditors could not trace €1.9 billion in its financial accounts. Last week the firm’s chief executive […]
Here’s how Wirecard went from analyst darling to a $2.2 billion accounting scandal — and cost SoftBank hundreds of millions in the process