Company News for Nov 2, 2022

Yahoo Finance Video
BP hikes dividend, Apollo in talks for Credit Suisse unit, SoftBank battles slumping valuations
Yahoo Finance's Julie Hyman breaks down notable business headlines, which include BP posting record profits and slowing its shift away from oil, Apollo Global Management exploring a stake in a Credit Suisse unit, and SoftBank's vision fund battling hit by a tech slump. (Apollo Global Management is Yahoo Finance's parent company.)
12h ago
Motley Fool
Why C3.ai Stock Just Crashed 10%
C3.ai (NYSE: AI) has had an amazing run this year. Inspired by the wildfire popularity of ChatGPT, and investor dreams of AI-fueled riches, shares of the artificial intelligence stock were up nearly 150% since the start of this year -- until all of a sudden, C3.ai stock turned tail this morning and retreated.
11h ago
MarketWatch
Why Biden’s 4% buyback tax could boost stock prices and dividends
The Biden administration’s new stock buyback tax will have little impact on the overall stock market. This tax has set off alarm bells in some corners of Wall Street, on the theory that buybacks were one of the biggest props supporting the past decade’s bull market — and anything weakening that prop could lead to much lower prices. One reason is that the new excise tax — whether 1% or 4% — is applied to net buybacks — repurchases in excess of how many shares the corporation may have issued.
2h ago
Motley Fool
Why Lithium Americas Stock Jumped 8% Today
Shares of start-up lithium miner -- and General Motors partner -- Lithium Americas (NYSE: LAC) soared 8.1% through 11:50 a.m. ET on Tuesday, after a federal district court in Nevada issued what the company called a "favorable ruling" in an appeal against a Bureau of Land Management (BLM) ruling. As Reuters relates, the U.S. District Court for the District of Nevada instructed the BLM to consider whether Lithium Americas should be permitted to dump waste rock from its Thacker Pass lithium project at a location just south of the Oregon border. In short, Lithium Americas now has a green light to proceed with exploitation of what Lithium Americas calls "the largest known lithium resource in the U.S." It keeps the company on track to begin producing up to 40,000 tons of lithium carbonate per year by late 2026, and as much as 80,000 tons per year in a later Phase 2 of the project.
10h ago
TheStreet.com
Cathie Wood Speculates Tesla Could Soon Offer a Game-Changing Service
The money manager sees great promise in Tesla's ability to come up with an autonomous taxi platform in the next few years.
6h ago
MoneyWise
Biden’s one-size-fits-all plan to protect renters comes 'at the expense' of mom-and-pop landlords — what to do if you still want to slice up a piece of the real estate pie
Rule changes living rent-free in your mind? Perhaps it's time for a more passive approach.
12h ago
Fortune
The CEO of Hilton says buying a Porsche was his worst financial decision ever: ‘It nearly broke me’
Hilton CEO Chris Nassetta opens up about the impulse purchase that he regrets the most.
10h ago
Zacks
Cleveland-Cliffs (CLF) Expected to Beat Earnings Estimates: What to Know Ahead of Q4 Release
Cleveland-Cliffs (CLF) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
12h ago
MarketWatch
Dow snaps 3-day losing streak after Fed chief Powell says the peak policy interest rate may be higher
U.S. stocks ended higher on Tuesday after a volatile session in the wake of Federal Reserve Chair Jerome Powell's comments that inflation will decline significantly in 2023 but more interest-rate hikes will be necessary.
6h ago
Motley Fool
Why Skyworks Solutions Stock Soared Today
The wireless communication chip designer posted first-quarter results in the Goldilocks zone -- not too hot, not too cold -- and management saw better days coming in a few months.
6h ago
Zacks
Enphase Energy (ENPH) Q4 Earnings and Revenues Top Estimates
Enphase Energy (ENPH) delivered earnings and revenue surprises of 18.90% and 2.93%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?
5h ago
Motley Fool
Why ArcBest Stock Is Soaring Today
A Canadian transportation and logistics specialist disclosed an investment in U.S. trucking company ArcBest (NASDAQ: ARCB), and some investors are betting it is a precursor to a buyout. Shares of ArcBest jumped as much as 20% on Tuesday morning after the stake was disclosed. ArcBest specializes in truckload and less-than-truckload freight transport, logistics, and brokerage operations, with a focus on the central United States.
10h ago
Zacks
NIO Inc. (NIO) Stock Sinks As Market Gains: What You Should Know
NIO Inc. (NIO) closed the most recent trading day at $10.92, moving -0.09% from the previous trading session.
5h ago
SmartAsset
A Roth 401(k) Just Got a Lot More Attractive
A Roth 401(k) is a solid option for retirement savers, especially those who don't anticipate finding themselves in a lower tax bracket when they retire. A Roth 401(k) works similarly to other retirement savings accounts - you put your money … Continue reading → The post A Roth 401(k) Just Got a Lot More Attractive appeared first on SmartAsset Blog.
12h ago
Fortune
‘Big Short’ hedge funder says he thinks we’re headed for a ‘run-of-the-mill’ recession—but the bigger ‘paradigm shift’ is really on his mind
Steve Eisman says some market paradigms get deeply embedded in people’s minds. “They can’t even imagine, at times, that there could be anything else.”
1d ago
Bloomberg
Meta Asks Many Managers to Get Back to Making Things or Leave
(Bloomberg) -- Meta Platforms Inc. is asking many of its managers and directors to transition to individual contributor jobs or leave the company as it tries to become more efficient, according to people familiar with the matter.Most Read from BloombergMeta Asks Many Managers to Get Back to Making Things or LeaveQuake Toll Hits 4,000 in Turkey, Syria as Overseas Aid FlowsTrump Charges in Georgia Over 2020 Could Lead to Bigger Fed CasePowell Says Further Rate Hikes Needed and Markets Take HeedWal
9h ago
The Wall Street Journal
Hold Off on Filing Your Return, IRS Tells Millions of Taxpayers
The Internal Revenue Service said it would clear up confusion this week as to whether certain state refunds and rebates would count as taxable income.
13h ago
MarketWatch
3M raises dividend to $1.50 a share
MARKET PULSE 3M Co. (MMM) said late Tuesday its board has declared a dividend of $1.50 a share for the first quarter, up from $1.49 a share. The dividend is payable on March 12 to shareholders of record on Feb.
5h ago
Yahoo Finance
Uber earnings preview: Here's what to expect
Uber (UBER) is set to report its Q4 2022 earnings on Feb. 8 before the market open.
4h ago
Yahoo Finance Video
CVS nears deal to buy Oak Street Health for $10.5 billion: Report
Yahoo Finance Live anchors discuss reports that CVS is close to acquiring Oak Street Health.
12h ago

Symbol	Last Price	Change	% Change
ABMD Abiomed, Inc.	381.02	0.00	0.00%
ARCB ArcBest Corporation	101.39	+15.01	+17.38%
MPC Marathon Petroleum Corporation	122.23	+5.82	+5.00%

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Company News for Nov 2, 2022

Recommended Stories

BP hikes dividend, Apollo in talks for Credit Suisse unit, SoftBank battles slumping valuations

Why C3.ai Stock Just Crashed 10%

Why Biden’s 4% buyback tax could boost stock prices and dividends

Why Lithium Americas Stock Jumped 8% Today

Cathie Wood Speculates Tesla Could Soon Offer a Game-Changing Service

Biden’s one-size-fits-all plan to protect renters comes 'at the expense' of mom-and-pop landlords — what to do if you still want to slice up a piece of the real estate pie

The CEO of Hilton says buying a Porsche was his worst financial decision ever: ‘It nearly broke me’

Cleveland-Cliffs (CLF) Expected to Beat Earnings Estimates: What to Know Ahead of Q4 Release

Dow snaps 3-day losing streak after Fed chief Powell says the peak policy interest rate may be higher

Why Skyworks Solutions Stock Soared Today

Enphase Energy (ENPH) Q4 Earnings and Revenues Top Estimates

Why ArcBest Stock Is Soaring Today

NIO Inc. (NIO) Stock Sinks As Market Gains: What You Should Know

A Roth 401(k) Just Got a Lot More Attractive

‘Big Short’ hedge funder says he thinks we’re headed for a ‘run-of-the-mill’ recession—but the bigger ‘paradigm shift’ is really on his mind

Meta Asks Many Managers to Get Back to Making Things or Leave

Hold Off on Filing Your Return, IRS Tells Millions of Taxpayers

3M raises dividend to $1.50 a share

Uber earnings preview: Here's what to expect

CVS nears deal to buy Oak Street Health for $10.5 billion: Report