Apple shares rebounded at the end of the trading week following a two-session skid that saw the tech titan eliminate about $200 billion in valuation. The decline was driven by reports that China would prohibit government employees from using iPhones as their work phones. The world’s largest company by market cap climbed about 1 percent […]
Credit Suisse shares dove 63 percent in early trading Monday to a new low after it was announced that UBS would buy the troubled bank in a multi-billion-dollar deal backstopped by a Swiss central bank $100 billion emergency credit line. Shares of Credit Suisse clawed back some of the initial losses Monday morning and at […]
Shares of First Republic Bank plunged more than 60 percent in premarket trading on March 13, despite the lender reassuring customers that their deposits are safe amid concerns surrounding the collapse of Silicon Valley Bank (SVB) and Signature Bank. In an email to clients on Sunday, First Republic Founder and Executive Chairman Jim Herbert and CEO and President […]
Documents show that the CEO of Silicon Valley Bank (SVB) sold $3.6 million in shares of the failed financial institution’s parent company several weeks before its collapse—the biggest U.S. bank failure since 2008 that sent a shudder of anxiety across markets. A filing with the Securities and Exchange Commission (SEC) shows that Greg Becker, who joined […]
The CEO of Tesla and Twitter, Elon Musk, donated nearly $2 billion in Tesla shares to charity last year. Currently the world’s second-richest person, the Tesla CEO owns around 13 percent of the company’s stock, Reuters reported. Around a total of 11.6 million shares from the electric car company, worth $1.95 billion, were given away by Musk as […]
A recent filing by House Speaker Nancy Pelosi (D-Calif.) shows that her financier husband Paul Pelosi offloaded nearly $5 million worth of graphics card giant Nvidia shares just days before House lawmakers are set to consider legislation that would provide billions in government subsidies for U.S. semiconductor production. In a periodic transaction report signed on Tuesday, […]
Supply problems are continuing to hurt major retailers. Target’s stock plunged Wednesday, after reporting its first quarter earnings; it had its worst day since Black Monday in 1987. Target’s CEO says high costs are affecting its bottom line.
Elon Musk sold nearly $4 billion worth of Tesla shares this week, just days after the billionaire agreed to purchase Twitter for $44 billion, according to filings with the Securities and Exchange Commission. According to the filings, the CEO offloaded about 4.4 million shares of the electric vehicle company for about $3.9 billion, with the majority of the […]
Twitter shares surged as news emerged that Elon Musk’s takeover bid could be accepted by Twitter’s board as early as Monday. Reuters reported that Twitter’s board of directors is close to reaching a deal with the world’s richest man to sell the social media network for roughly $43 billion in cash. According to anonymous sources, […]
Shares of Meta, the company formerly known as Facebook, saw a historic plunge Thursday after the social media giant reported a rare profit drop. Meta says the losses are due to increasing expenses and competition. But NTD spoke to one congressional candidate who says there may be another reason behind Meta’s decline.
Shares of Facebook owner Meta fell 26 percent on Thursday. It’s among the worst single-day wipeouts in market value for a U.S. company. The social media giant issued a dismal forecast, blaming Apple’s privacy changes and increased competition.
Shares in Evergrande Group jumped on Monday, rising as much as 6 percent. The gain came amid rising hopes of help for the country’s troubled property firms. That lifted shares across the sector, with Shimao and Agile groups among other gainers. Evergrande’s assets are now expected to be taken over by state-owned firms. The restructuring […]
Shares of China’s biotechnology firms plunged on Dec. 15 amid concerns that the Biden administration would put an investment and export ban on more Chinese companies. The decline was led by WuXi Biologics, which crashed nearly 20 percent on Wednesday, while Sino Biopharmaceutical dropped 5 percent. The Hang Seng Healthcare Index was down 7.6 percent […]
China’s debt-trapped real estate company Evergrande saw its shares plunge to an 11-year low on Monday. after it said there was no guarantees that it could repay its mammoth debt. The company’s debt currently stands at altogether more than $300 billion.
Tesla Chief Executive Elon Musk sold about $5 billion in shares, the billionaire reported in filings on Wednesday, just days after he polled Twitter users about selling 10 percent of his stake. In his first share sale since 2016, Musk’s trust sold nearly 3.6 million shares in Tesla, worth around $4 billion, while he also […]
Tesla Inc. shares fell 7.5 percent in premarket trading on Monday as investors prepared for its chief Elon Musk’s proposed sale of about a tenth of his holdings in the electric-car maker following his Twitter poll. Musk, Tesla’s chief executive officer and the world’s richest person, tweeted on Saturday that he would offload 10 percent […]
