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
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
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
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
Illustration by Alberto Miranda Text size The debt-ceiling standoff between the GOP House and the Biden administration will likely cast a long shadow over markets. President Joe Biden met with House Speaker Kevin McCarthy and other congressional leaders this past week, but their talks ended without a resolution, and a Friday meeting was postponed as … Read more
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
This copy is for your personal, non-commercial use only. To order presentation-ready copies for distribution to your colleagues, clients or customers visit http://www.djreprints.com. https://www.barrons.com/articles/pacwest-tumbling-regional-banks-stock-405b60d4 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
This copy is for your personal, non-commercial use only. To order presentation-ready copies for distribution to your colleagues, clients or customers visit http://www.djreprints.com. https://www.barrons.com/articles/stock-market-banks-fed-interest-rates-nasdaq-cc33814e May 5, 2023 7:50 pm ET Order Reprints Print Article
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.