PayPal issues disappointing guidance even as fourth-quarter earnings top estimates
PayPal reported fourth-quarter financials that topped analysts’ estimates but provided guidance that came in slightly below Wall Street expectations.
Snap stock closes down 34% after company’s revenue miss and weak guidance
Snap shares tanked more than 34% in Wednesday trading, a day after the company reported Q4 earnings that missed revenue estimates and issued light guidance.
Enphase CEO says solar industry poised to rebound on falling interest rates and rising utility costs
Enphase CEO Badri Kothandaraman has called a bottom in the first quarter and sees falling interest rates and rising utility costs providing tailwinds.
Green Plains stock jumps after company announces strategic review, standstill with Ancora
Ethanol producer Green Plains will explore a strategic review, up to and including a sale, following engagement with activist investor Ancora beginning in 2023.
Hedge fund billionaire Bill Ackman to launch a NYSE-listed fund for regular investors
Pershing Square’s Ackman will offer a new investment vehicle listed on the New York Stock Exchange, aiming to leverage his following among retail investors.
Stocks making the biggest moves midday: Roblox, Enphase Energy, Snap, Alibaba and more
These are the stocks posting the largest moves midday.
S&P 500 closes near 5,000, notches record high as strong earnings continue: Live updates
The S&P 500 rose Wednesday and edged closer to the 5,000 level for the first time, hitting a new intraday record.
This morning routine helps Mark Cuban stay productive—it involves working from his bed
Unlike some other CEOs, Mark Cuban doesn’t wake up at 4 a.m — but he does start his day working from bed for an hour. Here’s why it makes him productive, he says.
Alibaba shares drop 5% after revenue miss, $25 billion boost to buyback plan
Alibaba missed market expectations for revenue in the December quarter but announced it is increasing the size of its share buyback program by $25 billion.
NYCB names new chairman after Moody’s downgrades bank’s credit rating to junk
NYCB has been in free fall since reporting a surprise loss last week, along with mounting losses on commercial real estate and the need to slash its dividend.
