Disney stock falls to eight-year low, all pandemic gains have been wiped away

Disney stock falls to eight-year low, all pandemic gains have been wiped away

The Walt Disney Co.’s shares closed Wednesday at their lowest price since before the House of Mouse began releasing “Star Wars” films, as a massive 2022 decline wiped away all their pandemic-era gains and a bit more. Disney DIS, -2.55% stock closed 2.6% lower Wednesday at $84.16, the second worst performance of the day for … Read more

SPAC Boom Ends in Frenzy of Liquidation

SPAC Boom Ends in Frenzy of Liquidation

During the boom in blank-check companies, their creators couldn’t launch them fast enough. Now they are rushing to liquidate their creations before the end of the year, marking an ugly conclusion to the SPAC frenzy.  With few prospects for deals soon and a surprise tax bill looming next year, special-purpose acquisition companies are closing at … Read more

Elon Musk’s Finances Complicated by Declining Wealth, Twitter Pressures

Elon Musk’s Finances Complicated by Declining Wealth, Twitter Pressures

Elon Musk ‘s immense wealth and borrowing power are now being tested as the Tesla Inc. TSLA -1.76% shares that have fueled his fortune have sharply declined while he rushes to stabilize his massive personal investment in Twitter Inc. The auto maker’s share value has nosedived 18% this week alone and more than 60% since … Read more

Elon Musk Says He Will Pause Selling Tesla Shares

Elon Musk Says He Will Pause Selling Tesla Shares

Elon Musk pledged to pause selling shares in Tesla Inc. TSLA -8.88% and said that a decision on a buyback of the company’s stock could be influenced by the severity of any economic downturn as he tried to ease concerns his purchase of Twitter was to the detriment of the electric-vehicle maker. Mr. Musk, on a … Read more

Tesla Bears Are Sitting on $15 Billion in Gains This Year

Tesla Bears Are Sitting on $15 Billion in Gains This Year

After years of wrong-way bets, investors shorting the shares of Elon Musk ‘s electric-vehicle maker are sitting on collective gains of $15 billion in 2022, according to data from S3 Partners.  Short sellers borrow shares and sell them with the hope of profiting by buying the stock back at a lower price later. Tesla shares … Read more

Justin Bieber Nears Roughly $200 Million Deal to Sell Music Rights

Justin Bieber Nears Roughly $200 Million Deal to Sell Music Rights

Justin Bieber is close to a deal to sell his music rights to Blackstone Inc. BX 3.45% -backed Hipgnosis Songs Capital in a transaction valued at around $200 million, according to people familiar with the matter. The potential deal includes the pop star’s interest in both his publishing and recorded music catalog, the people say, … Read more

Tesla stock suffers worst week since 2020 as Elon Musk sells, large shareholder asks for new CEO

Tesla stock suffers worst week since 2020 as Elon Musk sells, large shareholder asks for new CEO

Tesla Inc. shares Friday wrapped up their worst week since 2020, as Chief Executive Elon Musk sold billions in stock and faced a call from a prominent investor to step down from the helm of the electric-vehicle maker. Tesla TSLA, -4.72% stock fell 4.7% Friday for a weekly decline of 16.1%, the fourth-worst week in … Read more

Elon Musk Sold More Than $3.5 Billion Worth of Tesla Shares

Elon Musk Sold More Than $3.5 Billion Worth of Tesla Shares

Elon Musk sold more than $3.5 billion worth of Tesla Inc. stock this week in his second round of sales since buying Twitter Inc. Mr. Musk sold nearly 22 million Tesla shares over a three-day period ending Dec. 14, according to a regulatory disclosure made public Wednesday.

Amgen in Advanced Talks to Buy Horizon Therapeutics

Amgen in Advanced Talks to Buy Horizon Therapeutics

Amgen Inc. AMGN -2.42% is in advanced talks to buy drug company Horizon Therapeutics HZNP 0.39% PLC, according to people familiar with the matter, in a takeover likely to be valued at well over $20 billion and mark the largest healthcare merger of the year. The U.S. biotechnology company was the last of three suitors … Read more

Albertsons’ $4 Billion Dividend Payout Remains Blocked

Albertsons’ $4 Billion Dividend Payout Remains Blocked

Kroger is the top U.S. supermarket operator by sales. Photo: elijah nouvelage/Agence France-Presse/Getty Images Updated Dec. 10, 2022 3:16 pm ET A Washington state judge on Friday extended a temporary restraining order blocking a $4 billion dividend that Albertsons ACI -0.88% Cos. planned to pay its shareholders amid its plans to be bought by Kroger … Read more