Tag: Business/Consumer Services
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Argo Group and Brightcove Stock See Action From Activist Investors
These disclosures are from 13Ds filed with the Securities and Exchange Commission. 13Ds are filed within 10 days of an entity’s attaining more than 5% in any class of a company’s securities. Subsequent changes in holdings or intentions must be reported in amended filings. This material is from March 16 through March 22, 2023. Source: ... -
The U.S. Might Be Losing Its Crown as the Go-To Spot for Global Investment
Welcome to America the Uninvestible. That seems like a strange thing to say about the go-to destination for investors around the world, offering the world’s biggest companies, the most liquid markets, and rule of law to protect shareholder returns. Government interference, too, is supposed to be limited. The fact that U.S. stocks have outperformed the ... -
‘Freedom to Invest’ Is Latest Rallying Cry for Supporters of ESG
As the political backlash against sustainable investing continues, a coalition of more than 250 investors and businesses are calling on policy makers to protect their freedom to invest responsibly. “Building profitable businesses and portfolios demands an analysis of all major financial risks—— from inflation to climate change——and policies to limit that simply defy responsible investing ... -
Coinbase’s stock tumbles after SEC warning, and other stocks on the move
Last Updated: March 23, 2023 at 1:55 p.m. ET First Published: March 23, 2023 at 8:00 a.m. ET Here are some of the more active stocks in Thursday afternoon trading, a day after sharp losses on Wall Street that followed the Federal Reserve’s latest interest-rate hike. Stock gainers: Regeneron Pharmaceuticals Inc.’s REGN stock was climbing ... -
Recruit Holdings Shares Rise Sharply After Indeed, Glassdoor Job Cuts
Published: March 22, 2023 at 10:18 p.m. ET By Kosaku Narioka Recruit Holdings Co. shares rose sharply in Tokyo Thursday morning after the owner of the Indeed and Glassdoor job sites raised its fiscal-year adjusted earnings forecasts and projected costs savings as a result of layoffs at the jobs sites. The shares were recently 4.6% ... -
First Republic Bank Stock Slips Ahead of Fed Decision
Shares in the San Francisco-based bank plunged in after-hours trading Tuesday and were 3.6 % lower ahead of the open of trading Wednesday, in a sign that volatility that has slammed the bank may not be over. Shares closed 30% higher Tuesday, but had lost nearly 90% of their value since the start of the month. ... -
Warren Buffett’s Likely Successor Buys $24.6 Million in Berkshire Stock
Berkshire Hathaway executive Greg Abel, the heir apparent to CEO Warren Buffett, bought $24.6 million of Berkshire shares on Friday, bringing the total value of his stake in the company to about $105 million, according to a regulatory filing on Tuesday. Abel, who heads the non-insurance operations of Berkshire (ticker: BRK.A, BRK.B), purchased 55 class ... -
2 Things That Will Have Rivian Stock Acting Like Meta Shares
Stock in electric truck start-up Rivian Automotive is trading terribly, off more than 80% from its IPO price of $78 a share and more than 90% from all time highs. Shares also trade far worse than stock of other EV start-ups. It might be time for Rivian (ticker: RIVN) management to do something about that—like ... -
Credit Suisse, UBS, First Republic, New York Community, and More Market Movers
American depositary receipts of Swiss bank Credit Suisse (ticker: CS) plunged more than 58% to about 83 cents after larger rival UBS (UBS) agreed to buy Credit Suisse in a deal valued at about $3.2 billion. The merger of Switzerland’s two largest banks—engineered over the weekend by Swiss authorities—comes against a backdrop of industry turmoil. U.S.-listed shares ... -
Despite market volatility, retail investors went on a buy-the-dip spree. These are the stocks they picked up, says Vanda.
Churning financial markets, as the failure of three U.S. banks and uncertainty over one big European one continues to play out, did not stop some investors from buying that so-called dip in the stock market at one point last week. That’s according to a weekly report released Friday from Vanda Research, which said retail investors ...