Shares of Warner Bros. Discovery slid Friday to their lowest level ever, even after the HBO and CNN parent’s streaming unit became the first major streamer aside from Netflix to record a profitable year on record, exemplifying the struggles of legacy media companies to return shareholder value in the era of streaming.
The social media company has eyed an IPO for years, first reportedly filing confidentially back in December 2021.
Spot bitcoin ETFs are finally here, attracting billions and challenging all pre-existing crypto-based ETFs. Does that spell the end for bitcoin futures funds? Not so fast. ProShares is doubling down.
Shares of Super Micro Computer nosedived Friday as an analyst threw some cold water on the U.S.’ hottest stock, but shares of the company viewed as among the top pure artificial intelligence plays remain up an eye-popping level.
The drop in share price began in after-hours trading Friday after the company released earnings.
L’Oreal heiress Francoise Bettencourt Meyers’ net worth fell as L’Oreal stock tanked 8%, its worst single-day slide since the peak of the Great Recession.
Disney’s latest earnings report left Wall Street “incredibly encouraged” after the entertainment king projected its best annual profit since 2018.
Tesla has lost $210 billion of market value in 2024 while Eli Lilly gained $140 billion, as investors trade ditch their EV optimism for the GLP-1 craze.
With $1 trillion in assets and unrivaled returns, the private equity giant has conquered Wall Street, but its 76-year old founder, Steve Schwarzman, isn’t finished. He wants total domination overseas as well— and the firm’s crown prince, Jonathan Gray, has built an ingenious weapon targeting vast amounts of global wealth.
Uninspiring earnings and a “black cloud” from Elon Musk drama have sent Tesla shares down 27% in 2024.