Companies spend record amounts on dividends, despite looming downturn
S&P 500 companies spent more than ever on dividends while some used share buybacks to reward investors.
S&P energy sector’s record 2022 performance ‘built on downfall of others’
The S&P 500’s energy sector was boosted by rising oil prices as other sectors suffered amid inflation and weakened economy
After Tesla’s terrible year, Musk can make 2023 better
Elon Musk’s electric vehicle maker Tesla has stalled with the stock posting its worst year and month on record. Here's what Musk can do to right the ship.
House committee questions Biogen drug approval process
The FDA's approval process of Biogen's Alzheimer's drug was questioned in a Congressional report released Thursday.
Tech stock bounce part of ‘seasonal pattern’, investors pin hopes on January
Tech stocks like Meta, Apple, and Microsoft are lifting the Nasdaq 100 higher on Thursday after a jobs report spurred investors.
Instacart cuts internal valuation another 20%: report
Instacart has reportedly cut its valuation another 20% to $10 billion, which is down from $13 billion in October.
AMC CEO requests pay freeze as stock tanks
AMC Entertainment's Adam Aron has requested a pay freeze for himself, he said Tuesday, as the movie theater chain's stock has fallen significantly in 2022.
New corporate stock buyback tax poised to take effect in 2023: What to know
The 1% tax on share repurchases passed by Democrats earlier this year begins in January, but many companies say they remain unfazed by the new penalty.
Markets and the Christmas holiday
There will be no trading in stocks or bonds on Monday as Wall Street observes the Christmas holiday.
Oil prices are up, are refinery shutdowns to blame?
A winter storm over a large swath of the U.S. is being blamed for oil refinery shutdown in Houston and spiking crude prices
Facebook's parent to settle Cambridge Analytica class-action case
Facebook's parent company Meta Platforms has agreed to pay $725 million to settle a class-action privacy lawsuit.
Elon Musk puts Tesla stock sales on pause
Elon Musk has sold over $40 billion worth of Tesla shares in the past year and doesn't plan additional sales for at least two years.
Blue-chip stocks plummet, pulling Dow lower as Grinch makes home on Wall Street
The Dow Jones Industrial Average is down Thursday as some of the indices’ key stocks nosedive
Micron to cut 10% of workforce, suspend bonuses in 2023
Micron Technology will lay off 10% of its workforce and undergo an aggressive restructuring plan in 2023, citing a "significant supply demand mismatch."
Short sellers were winners gaining nearly $304B as stocks stumbled
Short sellers broke through to bank profits in 2022 as high-fliers in recent years, suffered while markets fell.
Hundreds of workers leaving Tyson Foods as company closes offices: report
Tyson announced a consolidation of offices in October, but hundreds of employees have decided not to relocate.
US stock recovery on Tuesday ‘hardly’ a sign of looming Santa Claus Rally
All three major U.S. benchmarks are trading in the green on Tuesday, but a small recovery is not a sign that a Santa Claus Rally will happen on Wall Street in 2022, expert says.
Bear market likely to last in 2023 as Fed raises interest rates higher
The Federal Reserve is likely to trigger a recession in 2023, further rattling the U.S. stock market and sending equities lower, according to one analyst.
Will a Santa Claus Rally come to Wall Street this year?
A Santa Claus Rally is in doubt after the U.S. Federal Reserve decided to raise interest rates and economic recession looms.
Ford, Chinese firm may build US battery plant: report
Ford may work with a Chinese firm to build and operate a battery plant that would supply parts for its electric vehicles.


















