Nextracker’s initial public offering raises $638 million, as the IPO market shows signs of life after a strong start to the stock market in 2023.
Key Words: Biden vows he’ll turn Republicans’ dreams for Social Security and Medicare into a nightmare
Biden promised to protect Social Security and Medicare against those who threaten cuts or phase-outs.
Earnings Results: PayPal CEO Dan Schulman plans his exit as earnings return to growth
PayPal Holdings Inc.’s cost-savings story continued in the holiday quarter, as the digital-payments company topped profit expectations for the period.
Earnings Results: Expedia shares tumble as Q4 results miss, as travel demand runs into harsh weather
Expedia Group Inc. sank after hours on Thursday after the online travel-booking platform reported fourth-quarter results that missed expectations.
Earnings Results: Lyft stock sinks 30% after sales outlook falls short of $1 billion
Lyft posted record revenue for a second consecutive quarter Thursday, but the company’s worse-than-expected forecast tanked its stock in extended trading.
Earnings Results: Yelp’s stock jumps on record revenue, strong annual guidance
Yelp Inc.’s stock climbed 10% Thursday after the company announced record annual revenue, quarterly results largely in line with analysts’ forecasts, and strong guidance for the year.
Crypto: SEC’s Gensler puts heat on crypto staking as Kraken pays $30 million fine
Federal authorities charged Kraken for failing to register the offer and sale of their crypto asset staking-as-a-service program
Earnings Results: BorgWarner stock rallies after analyst pounds the table, saying its an ‘indirect play on EV growth’
BorgWarner stock jumps after 2023 outlook calling for near doubling in EV sales prompts upgrade to ‘strong buy’ at CFRA.
Market Extra: Retail investors are more bullish on stocks than at any point since the Fed started hiking rates. Here’s why that could be a problem.
A popular survey of retail investors’ sentiment shows they’re more bullish than at any point since March 2022, around the time when the Federal Reserve began its campaign of interest-rate hikes.
: Yahoo to cut more than 20% of staff in strategic shift
Yahoo intends to lay off more than 20% of its staff as it changes the way it approaches its work in advertising technology