Sundry Photography/iStock Editorial via Getty Images Western Digital Corp. (NASDAQ:WDC) rose 8% in after hours trading after a report that the memory-chip firm has resumed merger talks with Japan’s Kioxia Holdings. The parties are discussing merging into one public company, according to a Bloomberg report, which cited people familiar. The talks resumed late last year … Read more
General Electric (GE) completed the separation of its health care unit Wednesday, marking a milestone in its transformation as an aviation-focused company next year. GE stock rose, breaking out of a short base. X On Wednesday, GE HealthCare Technologies (GEHC) emerged as an independent, stand-alone company after a tax-free spinout. GEHC stock jumped in its … Read more
Alibaba stock was on a tear Wednesday amid signs that the tough regulatory landscape for Chinese tech stocks—one of two key headwinds facing the sector—is improving. Progress has put investors on a buying streak. Shares in Alibaba (ticker: BABA) has jumped 6.6% in U.S. premarket trading on Wednesday. The group’s Hong Kong-listed stock advanced 8.7%, … Read more
Alibaba stock was on a tear Wednesday amid signs that the tough regulatory landscape for Chinese tech stocks—one of two key headwinds facing the sector—is improving. Progress has put investors on a buying streak. Shares in Alibaba (ticker: BABA) jumped 7% in U.S. premarket trading on Wednesday. The group’s Hong Kong-listed stock advanced 8.7%, leading … Read more
This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Wednesday, January 4, 2023 Today’s newsletter is by Julie Hyman, anchor and correspondent at Yahoo Finance. Follow Julie on Twitter @juleshyman. Read this and more market news on the … Read more
Global stock markets mixed ahead of the U.S. jobs data Source link
This copy is for your personal, non-commercial use only. To order presentation-ready copies for distribution to your colleagues, clients or customers visit http://www.djreprints.com. https://www.barrons.com/articles/tesla-apple-rivian-alibaba-stock-market-movers-51672761738 Updated Jan. 4, 2023 5:22 am ET / Original Jan. 4, 2023 4:26 am ET Order Reprints Print Article Source link
(Bloomberg) — Cathie Wood bought Tesla Inc. stock amid a rout on Tuesday, reaffirming her conviction in the electric-vehicle producer even as many investors have bailed out due to the multiple headwinds the company faces. Most Read from Bloomberg Funds backed by Wood’s firm Ark Investment Management LLC bought more than 176,000 shares of the … Read more
Apple Inc’s stock market value shrank sharply on Tuesday following its steep drop last year, leaving it below $2 trillion for the first time since March 2021. The sell-off came a year after the iPhone maker became the first company to reach the $3 trillion market capitalization milestone. Apple’s shares declined 3.7% to $125.07 after … Read more
Dow Jones futures were little changed after hours, along with S&P 500 futures and Nasdaq futures. The stock market started 2023 much like it ended last year, with flashes of strength followed by reversals in the major indexes and leading stocks. X Apple stock on Tuesday skidded to fresh bear market lows and dropped below … Read more