Tag: disruptions
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Shares of Deutsche Bank are slumping on the latest sign of banking concerns
Last updated: March 24, 2023 at 5:39 am ET First published: March 24, 2023 at 5:10 a.m. ET Shares of Deutsche Bank slumped on Friday, throwing the spotlight on the health of another globally systemically important bank heading into the weekend. Shares of German lender XE:DBK fell 8% in Frankfurt trading and the Euro Stoxx […]
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Nvidia stock hits best winning streak since 2007 as AI advantage called ‘insurmountable’
Nvidia Corp. is in a unique position to take advantage of what has been dubbed an artificial intelligence revolution, analysts claim. At Nvidia NVDA annual GTC developer conference, the gaming chip specialist rolled out a slew of hardware and software products ready to be the picks and spades of the current AI gold rush, forming […]
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GameStop stock up nearly 50% on surprise quarterly profit, higher sales
The share of GameStop Corp. rose 48% in the extended session on Tuesday after the specialty retailer reported surprising quarterly earnings and sales that beat Wall Street’s expectations. The retailer is “aggressively focused on improving profitability year-over-year while still pursuing pragmatic long-term growth,” Chief Executive Matt Furlong said during the post-results talk with the company. […]
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US stocks rise, but First Republic Bank slides
In trading at 4pm ET, the Dow Jones Industrial Average added about 380 points, or 1.2%, and the S&P 500 was up 0.9%. The tech-focused Nasdaq Composite climbed 0.4%. The indices fell on Friday, but so far have remained relatively isolated from the banking crisis. Authorities have been trying to halt a dangerous drop in […]
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Rivian’s stock is down more than 3% as EV maker and Amazon consider changes to the deal
Published: March 13, 2023 at 11:46 a.m. ET The share of Rivian Automotive Inc. fell more than 3% on Monday following news that the electric vehicle maker and Amazon.com Inc. discuss possible changes to their electric van deal. Citing people familiar with the matter, the Wall Street Journal reported Monday that the companies are in […]
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DocuSign shares fall as investors see near-term ‘turbulence’ of reorganization
Published: March 10, 2023 at 1:55 PM ET Shares of DocuSign fell Friday after Wall Street said an ongoing reorganization of the electronic signature company is likely to create turbulence in the near term, even if it beat expectations for the quarter. DocuSign DOCU shares fell as much as 20% to an intraday low of […]