Chevron to Acquire PDC Energy for $6.3 Billion

Text size Chevron will be buying PDC Energy. Justin Sullivan/Getty Images Chevron said Monday it will acquire PDC Energy in an all-stock transaction valued at $6.3 billion, or $72 a share. “PDC’s attractive and complementary assets strengthen Chevron ’s position in key U.S. production basins,” said Chevron Chairman and CEO Mike Wirth in a statement. “This transaction is accretive to … Read more

Horizon Therapeutics Stock Plunges on Reports FTC Will Sue to Block Amgen Deal

Text size Amgen had aid it expected its acquisition of Horizon Therapeutics to be completed in the first half of 2023. Dreamstime Horizon Therapeutics stock plunged 18% early Tuesday on reports that the Federal Trade Commission is set to challenge Amgen ’s $27.8 billion deal to buy the biotech company. The FTC is expected to … Read more

SoFi Stock Gets a Downgrade. Why Wall Street Is Divided.

Text size SoFi Technologies stock divides opinion on Wall Street Justin Sullivan/Getty Images SoFi Technologies fell more than 8.5% Monday after the financial services company picked up a downgrade as Wall Street remains unsure about the stock. Wedbush analysts downgraded the shares to Underperform from Neutral in a note Monday, having cut its rating to … Read more

Walmart, Alibaba, Target, and More Stocks to Watch This Week

Text size Uncredited First-quarter earnings season continues this week with retailers making up a larger share of reports. Economic releases will include retail sales and housing-market data. Home Depot reports earnings on Tuesday, followed by a busy Wednesday: Cisco Systems , Take-Two Interactive Software , Target, and TJX Cos. all report. Walmart , Alibaba Group … Read more

Tesla, Disney, Amazon, Netflix, Amylyx, and More Stock Market Movers

Text size Tesla CEO Elon Musk said he has found a new chief executive for Twitter. Lillian Suwanrumpha/AFP via Getty Images Stock futures were rising Friday as Wall Street came off a mostly down day despite data that showed a further cooling of the U.S. economy. These stocks were poised to make moves Friday:  Tesla (TSLA) … Read more

PacWest Is Tumbling Again. Deposits Fell Last Week.

This copy is for your personal, non-commercial use only. To order presentation-ready copies for distribution to your colleagues, clients or customers visit Updated May 11, 2023 8:21 am ET / Original May 11, 2023 7:52 am ET Order Reprints Print Article PacWest Bancorp stock tumbled ahead of the open Thursday after the regional … Read more

Lithium Maker Albemarle Cut Its Earnings Guidance. Why the Stock Is Up.

Disappointing guidance from the lithium miner Albemarle shows just how tough it can be to invest in commodity producers. Investors need to track spot prices, government policy, demand, and supply, not to mention the strategic choices of company management.

Amazon Earnings Are a Bad Omen for Big Tech Stocks. Here’s Why.

Amazon Earnings Are a Bad Omen for Big Tech Stocks. Here’s Why.

Deutsche Bank Reports Higher Profit in Tumultuous Quarter

Deutsche Bank Reports Higher Profit in Tumultuous Quarter

Carrier Nears Deal for German Industrial Manufacturer Viessmann

Carrier Nears Deal for German Industrial Manufacturer Viessmann