General Motors stock slides: 3-year low amid $5 billion strike slump
General Motors shares tanked again Thursday as a possible issue with its airbags added to negative concerns over the auto workers strike for the limping legacy American automaker.
Derek Saul, Forbes Staff
Cisco stock dips 4% after US$28 billion Splunk acquisition
Cisco notched its worst day in five months after unveiling the largest takeover in its history.
Lachlan Murdoch wins his family’s ‘Succession’: Here’s how he took over the Fox/News Corp juggernaut
Rupert described his eldest son as a “passionate, principled leader” in a statement naming his successor.
The big investor winners in Instacart’s $11 billion IPO debut—and the losers
Instacart’s three cofounders cashed in about $100 million from the IPO while firms who bought into InstaCart’s 2021 funding round dealt with a near 70% unrealized loss.
Arm, the largest IPO of the year, explodes 17% in first day of trading
The largest IPO in 22 months, Arm opened with a $54.5 billion market capitalization.
Larry Ellison’s net worth drops nearly $20 billion as Oracle stock has worst day in decades
Ellison’s software company suffered its worst day on the stock market since 2002 on Tuesday.
Tesla stages $80 billion rally after Morgan Stanley ups price target on AI optimism
Tesla stock had its best day since January as investors bought into Morgan Stanley’s bullish thesis on the company’s untapped AI potential.
Apple and Nvidia’s losses this week hit US$250 billion
It’s Apple’s worst two-day stretch in 10 months, while Nvidia’s losses are apparently tied to a “nonsense” conspiracy theory.
Disney ‘repeatedly misled investors’ about streaming losses, lawsuit alleges
The slumping Hollywood titan faces yet another challenge from investors frustrated with the stock’s underperformance.
Nvidia stock hits all-time high after 315% surge – easily outpacing its peers
Led by the “godfather of AI,” Nvidia is expected to report a quadrupling of EBITDA this quarter.