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Who Is Shou Zi Chew, the TikTok CEO Trying to Reassure America?

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Who Is Shou Zi Chew, the TikTok CEO Trying to Reassure America?

First Republic, Credit Suisse, UBS, New York Community, Bed Bath, and More Movers

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Text size First Republic Bank was downgraded deeper into junk territory by S&P Global. Eric Thayer/Bloomberg Stocks were rising Monday after UBS agreed to acquire Credit Suisse and central banks moved to improve dollar liquidity amid turmoil in the financial sector. These stocks were making moves Monday:  American depositary receipts of Swiss bank Credit Suisse … Read more

Asana stock soars 24% as software company cites improving path to profitability

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Asana Inc. on Wednesday reported and forecast narrower-than-expected losses, saying the figures reflected a firmer path to profitability, and its stock skyrocketed in after-hours trading. The project-management software provider — whose chief executive is a co-founder of Meta Platforms Inc.’s META, +0.25% Facebook — forecast first-quarter sales of $150 million to $151 million, with an … Read more

Meta Stock Rises After Report of More Layoffs

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Text size Meta CEO Mark Zuckerberg has said this will be a “year of efficiency.” David Paul Morris/Bloomberg Shares of Facebook-parent Meta Platforms were rising Tuesday after a report said the company will cut more jobs than previously announced. Meta (ticker: META) is planning another round of layoffs as soon as this week, Bloomberg reported, … Read more

For women’s sports, the media buys are becoming a big deal

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A detailed view of Atlantic Coast Conference signage before the game between the Wake Forest Demon Deacons and the Florida State Seminoles in the second round of the ACC Women’s Basketball Tournament at Greensboro Coliseum on March 02, 2023 in Greensboro, North Carolina. Grant Halverson | Getty Images Sport | Getty Images Female athletes are … Read more

Tripadvisor, Airbnb, Trade Desk, Analog Devices, and More Market Movers

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Text size Airbnb posted its first-ever annual profit. Gabby Jones/Bloomberg Stock futures pointed modestly lower Wednesday as Wall Street continued to digest the latest U.S. inflation data and what a higher-than-expected increase in prices means for the path of interest rates. These stocks were poised to make moves Wednesday: Tripadvisor (ticker: TRIP) was up 9.9% after … Read more

Opinion: Big selling wave in stocks makes for a buying opportunity, says Baron manager who has 20% of his fund’s assets in Tesla

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Institutional investors have been clearing out of stocks. They sold $42 billion worth in the five weeks ending Sept. 21. That followed $51 billion in sales during the five weeks ending Sept. 7 — the biggest selling wave this year, says S&P Global Market Intelligence. Bank of America clients favored defensive names over cyclicals last … Read more

Faraday Future Secures Financing, Strikes Deal With Shareholder

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Electric-car startup Faraday Future Intelligent Electric Inc. FFIE 18.60% has secured up to $100 million in new financing to fund operations after reaching a deal with one of its largest shareholders to resolve a monthslong governance dispute. The agreement comes after Faraday said last week that its company leaders were facing death threats and a … Read more

Stocks Are Sinking and Rates Are Rising. It’s Painful, But We’re Heading for Normal.

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Stocks and bonds are tumbling. Housing has weakened. And I haven’t heard a word about nonfungible cartoon monkey tokens in maybe three months. Strategists are now turning to truly bizarre assets—two I spoke with this past week recommended purchasing long-term Treasurys. One also said to favor shares of companies that generate cash, and he wasn’t … Read more