Wall Street pegs Boeing"s 737 MAX bill at more than $25 billion
Boeing Co's bill for the 737 MAX grounding could balloon to more than $25 billion, analysts estimated on Wednesday, a day after the U.S. planemaker warned of further delay in returning its once best-selling jet to service......»»
This American Gave Away His Entire $8 Billion Fortune
Wall Street has experienced volatility a number of times since March 2020. COVID-19, GameStop’s activist short squeeze, and the Suez Canal blockage all shook up worldwide commerce. Investment firm........»»
Market Extra: ‘This has to be one of the single greatest losses of personal wealth in history,’ says stock-market pro of Archegos margin call
Wall Street on Tuesday may be seeing muted action but investors were still buzzing about the highly leveraged wrongway bet reportedly employed by Bill Hwang's Archegos Capital Management, which may have saddled many banks with multibillion-dollar losses......»»
Need to Know: Wall Street is pricing in $4 trillion of infrastructure spending. Here are the stocks that could benefit, according to Bank of America.
Industrials and materials will likely be the biggest beneficiaries of an infrastructure bill, along with U.S. small-caps, say strategists at Bank of America......»»
Zhihu stock opens down 15%, then keeps falling to online content company below $4 billion
Zhihu Inc.'s stock got a cool reception on Wall Street Friday, as the China-based online content company's st.....»»
Corning to double production of glass vials for COVID vaccines to 150 million this year, holding 1.2 billion doses: WSJ
Corning Inc. is planning to increase production of glass vials for COVID-19 vaccines by 50% from prior targets, after receiving more federal funding, the Wall Street Journal reported on Friday. The glass maker is now expe.....»»
ThredUp hits Wall Street with $1.3 billion valuation
The Oakland company's IPO makes it the third Bay Area company to go public in the online consignment marketplace......»»
The Wall Street Journal: Blackstone offers $6 billion to buy Australian casino operator Crown Resorts
The U.S. investment firm has offered 11.85 Australian dollars, or the equivalent of $9.15, a share for Crown, a 20% premium to its closing share price last week, Crown said Monday......»»
Earnings Results: Home deliveries boost FedEx’s sales past $20 billion, profit nearly triples
FedEx Corp. blows past Wall Street expectations for its third quarter thanks to residential package deliveries and says demand for its services will remain 'very high.'.....»»
Earnings Results: Home deliveries boost FedEx’s sales past $20 billion, profit nearly doubles
FedEx Corp. blows past Wall Street expectations for its third quarter thanks to residential package deliveries and says demand for its services will remain 'very high.'.....»»
Report: Torchy"s Tacos planning IPO with help of major banks
Torchy's Tacos could be looking at a $1 billion valuation through an initial public offering this year, according to a recent Bloomberg report. It would be the second local Tex-Mex chain to hit Wall Street......»»
Extended Stay"s stock soars after WSJ report of $6 billion buyout deal with Blackstone, Starwood
Shares of Extended Stay America Inc. soared 15.9% toward a 2-year in premarket trading Monday, after The Wall Street Journal reported that the hotel operator has agreed to be acquired by Blackstone Group and Starwoo.....»»
The Wall Street Journal: Ride-hailing startup Grab is in talks to go public through SPAC merger
Grab Holdings Inc. is in talks to go public through a merger with a SPAC that could value the Southeast Asian ride-hailing startup at as much as $40 billion, making it by far the largest such deal on record......»»
5 Stocks To Watch For March 10, 2021
Some of the stocks that may grab investor focus today are: Wall Street expects United Natural Foods Inc (NYSE: UNFI) to report quarterly earnings at $0.81 per share on revenue of $6.91 billion before t.....»»
The Wall Street Journal: SoftBank Vision Fund injected at least $400 million into Greensill Capital in late 2020
The infusion of cash was in addition to the $1.5 billion the Vision Fund had invested in Greensill in 2019......»»
After raising $3.7 billion for 5 SPACs in 2020, investor Chamath Palihapitiya has reportedly confidentially filed for 7 more with the SEC
Chamath Palihapitiya's enthusiasm for SPACs may run even deeper than his Wall Street disciples and social media foll.....»»
Boeing upgrade, Nikola downgrade among today"s top calls on Wall Street
See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»
The Wall Street Journal: Texas overcharged $16 billion for power during last month’s crisis, monitor says
An independent market monitor said the Texas power-grid operator made a critical mistake that resulted in $16 billion in electricity overcharges last month, and recommended that the charges be reversed......»»
5 Stocks To Watch For March 4, 2021
Some of the stocks that may grab investor focus today are: Wall Street expects Kroger Co (NYSE: KR) to report quarterly earnings at $0.69 per share on revenue of $30.86 billion before the opening bell. Kr.....»»
Earnings Results: Okta to buy competitor Auth0 for $6.5 billion, stock drops as earnings outlook comes up short
Okta Inc. shares dropped in the extended session Wednesday after the identity-management services company's bottom-line outlook fell well short of Wall Street expectations and as company announced a big acquisition......»»