Category: Business

Updated Jan. 27, 2023 5:40 pm ET / Original Jan. 27, 2023 3:26 pm ET Order Reprints Print Article Lucid soared Friday, a move that is being attributed to unconfirmed rumors that the company could be acquired. Lucid (LCID) stock started moving just after noon Friday, and had nearly doubled, to $17.80, before being halted

Dow Jones futures will open Sunday evening, along with S&P 500 futures and Nasdaq futures. X The stock market rally cleared some major resistance in the past week. The major indexes had solid gains, responding bullishly to uneven earnings reports and economic data. Leading stocks acted well, with breakouts and buy points continuing to work.

A market rally on Friday accentuated by rips higher in some battered and bruised technology stocks that faltered last year are making this year’s price action look a lot like 2021’s rally.Beaten-down names including Tesla (TSLA), Carvana (CVNA), and Coinbase (COIN) were each up more than 10% on Friday.Cathie Wood’s ARK Innovation (ARKK) ETF, a

Drugmaker Pfizer (PFE) will see out the most lucrative year in its history with fourth-quarter results due early Tuesday and hope its 2023 guidance isn’t too much of a letdown amid diminished demand for COVID-19 vaccines. The stock is down 14% this month versus a 2% decline for the S&P 500 Health Care Sector Index

A new era is about to begin at Toyota. For a long time, the world’s largest carmaker in sales has gone its own way.The Camry sedan maker has completely taken the opposite bet of the entire industry by clinging to its strategy of developing hybrid vehicles like its best-selling Prius model. It has also pushed for

Intel Corp. shares dropped more than 9% in the extended session Thursday after the chip maker reported a big miss for the fourth quarter, forecast a loss for the first quarter, said the data-center market was contracting and that inventory digestion will gnaw at margins. Intel INTC, +1.31% executives forecast an adjusted loss of 15

(Bloomberg) — Intel Corp. gave one of the gloomiest quarterly forecasts in its history after a personal-computer slump ravaged the chipmaker’s business, sending shares tumbling and further setting back turnaround efforts.Most Read from BloombergHindenburg vs Adani: The Short Seller Taking On Asia’s Richest PersonNYSE Mayhem Traced to a Staffer Who Left a Backup System RunningWe

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Tesla (TSLA) reported mixed fourth-quarter results Wednesday, topping earnings estimates while missing on revenue views. Tesla stock rose Wednesday, extending a powerful rebound of more than 40% from the bear market low. X After a terrible 2022, during which Tesla stock plunged sharply in December, shares tumbled again to start 2023. However, Tesla has bounced