Stocks

AMD's stock is surging, here's why

AMD is on pace to close at an all-time high with the biggest percentage increase since July of 2020 thanks to a deal with Facebook.

McAfee to go private in $14B deal

McAfee Corp. is being taken private by a group of investors in a deal that values the cybersecurity firm at more than $14 billion including debt.

Peloton shares drop as pandemic-related uncertainty weighs on outlook

Shares of Peloton have plunged as much as 30% in after-hours trading Thursday after the fitness equipment giant cut its full-year 2022 guidance due to a slow start to the second quarter and "challenged visibility" in its near-term operating performance as a result of uncertainty related to the COVID-19 pandemic.