General Electric Company GE 0.22%’s 50-percent dividend cut may not have completely blindsided Wall Street, but it has certainly triggered intense selling pressure on Monday. After opening down just about 30 cents below Friday’s close, the GE dump quickly began as dividend investors seem to be moving on to greener pastures.
Nektar Therapeutics NKTR 5.71% shares are soaring Monday to new 15-year highs after the company reported more positive data on its therapeutic cancer treatment candidate NKTR-214.
The last time Federal National Mortgage Association FNMA 1.82% and Federal Home Loan Mortgage Corp FMCC 1.14% received a bailout, the U.S. economy was in an entirely different place. But with unemployment at a 16-year low and the economy seemingly firing on all cylinders, Fannie Mae and Freddie Mac may once again need to dip into the Treasury’s pockets.
The price of bitcoin bounced back aggressively Monday morning after tanking more than 15 percent on Saturday.
Alibaba Group Holding Ltd. BABA 0.71% has its biggest weekend of the year: Singles Day. While American shoppers are gearing up for Black Friday and Cyber Monday, Chinese shoppers, particularly younger, single shoppers, are celebrating the Chinese version of an anti-Valentine’s Day by snatching up huge deals on Alibaba’s e-commerce platform.
A pricing war between Netflix, Inc. (Nasdaq: NFLX) and Walt Disney Co. (DIS) is in the works.
J C Penney Company Inc (NYSE: JCP) finally gave investors something to celebrate on Friday when the company reported a surprise uptick in same-store sales in the third quarter.
Despite reporting a massive 27 percent drop in profits following its widely publicized data breach, Equifax Inc. (NYSE: EFX) stock managed to avoid a large sell-off in after-hours trading on Thursday, falling less than 1 percent and indicating that investors still see value in the credit monitoring company.
President Donald Trump announced more than $250 billion in deals between U.S. and Chinese companies on Thursday. In a speech in Beijing, Trump said he intends to bring balance to the trade relationship between the U.S. and China, but U.S. investors seem unimpressed.
One of the largest mergers in media history may have reached an impasse now that the Justice Department says AT&T Inc. (T) must sell either sell Turner Broadcasting or DirecTV in order to complete its $85 billion buyout of Time Warner Inc (TWX).