Patterson-UTI Energy and NexTier Oilfield are merging in an all-stock deal with an enterprise value of $5.4 billion.
IPO Report: Cava Group CFO is confident restaurant chain will be profitable — but she won’t say when
Cava Group’s stock skyrocketed in its trading debut Thursday amid a dearth of new deals.
The Moneyist: ‘It feels like a heavy burden’: My husband asked me to sell my $14,000 engagement ring to pay off our debt. Is he asking too much?
“My husband had a good job with a six-figure salary at a well-known software company, but he was let go in late 2022.”
Movers & Shakers: Lennar’s stock rises, Kroger shares decline, Cava shares pop, and other stocks on the move
Here are some of the biggest stock-market movers Thursday.
: Open-source AI: AMD looks to Hugging Face and Meta spinoff PyTorch to take on Nvidia
AMD is looking to the GitHub of AI developers and to an open-source machine-learning platform spun off from Meta Platforms Inc. to take on Nvidia in software.
: West Coast dockworkers and employers reach tentative deal, allaying shipping-delay concerns
Union dockworkers at West Coast ports have reached a tentative six-year contract agreement with their employers.
: Nvidia board member dumps $48 million more in stock amid monster rally
A longtime board member at Nvidia dumped more than $48 million worth of the chip maker’s shares earlier this week, cashing in on the stock’s recent surge.
Futures Movers: Oil prices climb as traders weigh prospects for energy demand
Oil futures rise Thursday, bouncing after a selloff the previous session in the wake of a large jump in crude inventories.
Earnings Results: Kroger’s stock drops after profit tops expectations but sales come up short
The grocery giant maintained its full-year earnings and same-store sales outlook.
Brett Arends’s ROI: Our simple 8-fund portfolio is crushing the market and the ‘smart’ money—again
It takes a lot of time, money, education and training to get this bad.
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