Meta Platforms Shares Surge on Cost Cuts, Stock Buyback
Business Shares of social-media company are on pace for largest percentage increase in nearly a decade
Corporate Funding
Opinion: Zuckerberg and Intel are shipping the proceeds from their layoffs straight to Wall Street
For years, Wall Street groused about Silicon Valley’s refusal to pay dividends and buy back stock as tech companies grew into cash-generating machines. That is no longer a problem, even though those tech companies are generating fewer profits than they were in previous years. In fact, some tech companies are basically paying off Wall Street … Read more
Rout in Adani Stocks, Bonds Continues; Conglomerate Trades Barbs With Short Seller
Markets India’s Adani Group issues 413-page response to Hindenburg Research’s allegations
Chevron, Comcast, and 10 More Companies That Raised Their Stock Dividends
Text size Kimberly-Clark raised its dividend this week. Pavel Sytsko/Dreamstime.com Chevron , Kimberly Clark , Archer-Daniels Midland , and Comcast were among the large U.S. companies that announced dividend increases this week. It was a busy week for these announcements, with the fourth-quarter earnings season in full swing. Chevron (ticker: CVX) declared a quarterly dividend … Read more
Chevron Rides High Oil Prices to Record $35.5 Billion Annual Profit – The Wall Street Journal
Chevron Rides High Oil Prices to Record $35.5 Billion Annual Profit The Wall Street Journal Swimming in cash, Chevron plans a $75 billion slap in the face to drivers CNN What Chevron’s $75 billion stock buyback plan suggests CNBC Television Oil Majors Boost Buybacks as Russia, China Wildcards Weigh on Spending Plans Bloomberg Chevron Falls After Posting Disappointing Quarterly … Read more
Elon Musk Explores Raising Up to $3 Billion to Help Pay Off Twitter Debt
WSJ News Exclusive Tech Billionaire has held talks with investors about selling new Twitter shares
Tesla Expands Gigafactory in Nevada, Stock Drops
Text size Tesla is expanding its footprint in Nevada, making more batteries and making its new semi-truck. Patrick T. Fallon/AFP via Getty Images Tesla had to cut prices recently to increase demand, but that isn’t stopping it from expanding its manufacturing capacity at its Gigafactory in Nevada. Investors should be pleased, although they might have … Read more
FTX Founder Sam Bankman-Fried Attempts to Raise Fresh Cash Despite Bankruptcy
FTX filed for bankruptcy last week, but the cryptocurrency exchange’s founder still thinks that he can raise enough money to make users whole, according to people familiar with the matter. Mr. Bankman-Fried, alongside a few remaining employees, spent the past weekend calling around in search of commitments from investors to plug a shortfall of up … Read more
Credit Suisse Nears Sale of Securitized-Products Group
Credit Suisse CS -1.03% Group AG is nearing a deal to sell its securitized-products group to heavyweight investors Apollo Global Management Inc. APO -0.31% and Pacific Investment Management Co. as part of a retreat from Wall Street, people familiar with the matter said. The Swiss bank is set to give details of the sale, and … Read more
Mobileye Shares Close Higher in Stock-Market Debut
Intel Corp.’s INTC -0.73% automated car-driving unit closed at $28.97, above its initial public offering price of $21 a share, giving Mobileye a valuation of roughly $23 billion. The stock opened on the Nasdaq Stock Market a little before midday Wednesday, trading under the symbol MBLY. The shares were sold late Tuesday at a price … Read more