Text size Spencer Platt / Getty Images On their second trip to the equity markets, Dun & Bradstreet Holdings shares gained 15.2% in their trading debut on Wednesday. Dun & Bradstreet (ticker: DNB) shares traded up to 17% higher than their initial public offering price of $ 22. The shares …
Read More »Chesapeake Energy filed for bankruptcy. Other oil and gas stocks could also be at risk.
Text size Paul Ratje / Getty Images Bond Investors Should Not Be Overly Surprised With Chesapeake Energy‘s bankruptcy. The oil and gas producer filed for Chapter 11 bankruptcy protection in a South Texas court on Sunday, after the company and its creditors agreed to the guidelines of a restructuring plan …
Read More »Wells Fargo may need to cut its dividend by 50%, analyst says
Text size Wells Fargo plans to disclose its pay level when it reports second-quarter results in July. fake pictures With the Federal Reserve stress tests in the rearview mirror, Wall Street has a little more guidance on the path of bank dividends later this year. But the uncertainty remains. The …
Read More »Tesla’s shares exceed $ 1,000 in leaked email. It could join the S&P 500 soon.
Text size Breaking even seems possible for the second quarter, according to a leaked email from Tesla CEO Elon Musk. That is fueling a mini rally in Tesla stocks. A big enough profit in the second quarter could cause Tesla shares to join the S&P 500. Sean Gallup / Getty …
Read More »Micron Stock jumps in profit. What investors should know.
Text size Photograph by Tomohiro Ohsumi / Bloomberg Shares of Micron Technology rose after the memory chip maker reported fiscal third-quarter earnings and sales on Monday that exceeded guidance released by the company just a month ago. Micron’s shares (ticker: MU) rose 5.2% in pre-trade trading. Shares closed 1.4% during …
Read More »