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

Tesla stock is the most oversold it has ever been

Tesla stock is the most oversold it has ever been

As Tesla Inc.’s stock keeps sinking toward the longest losing streak in more than four years, it has become the most oversold on a technical basis since going public 12 years ago. Keep in mind that an oversold reading doesn’t necessarily mean the selloff is over, but it does send a warning to sellers that … Read more

Dow falls nearly 500 points after strong data, bearish comments by David Tepper

Dow falls nearly 500 points after strong data, bearish comments by David Tepper

U.S. stocks traded lower on Thursday, erasing most of their gains from their biggest rally in three weeks after a round of upbeat economic data and a warning from hedge-fund titan David Tepper that he was “leaning short” against both stocks and bonds on expectations the Federal Reserve and other central banks will continue tightening … Read more

Christie’s Sells Record $8.4 Billion in Art, Spurred by Big Estates and Young Bidders

Christie’s Sells Record $8.4 Billion in Art, Spurred by Big Estates and Young Bidders

Christie’s International said Monday it sold $8.4 billion in art this year, up 17% from the year before, lifted by the $1.6 billion total estate sale of Microsoft co-founder Paul Allen and an influx of millennial collectors globally. Christie’s said its sales broke down to $7.2 billion in auction sales this year, up 33% from … 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

Time Finance’s 1H Pretax Profit Rose On Strong Lending Book

Time Finance’s 1H Pretax Profit Rose On Strong Lending Book

By Elena Vardon Time Finance PLC on Friday reported higher half-year revenue and profit, boosted by larger deals in its lending book, and said it expects trading for fiscal 2023 to be at least in line with market expectations. In a trading update ahead of its interim results, the AIM-listed specialist finance provider said its … Read more

Sotheby’s Sold $7.7 Billion in 2022; Art Market Shows Signs of Possible Slowdown

Sotheby’s Sold $7.7 Billion in 2022; Art Market Shows Signs of Possible Slowdown

The shiny veneer of a resilient art market is starting to show some cracks. Sotheby’s said its fine art and collectible sales topped $6.8 billion this past year, down 7% from 2021, a sum that still represents the second-highest total in the 278-year-old company’s history. The house’s sales include $5.4 billion in auctioned art sales … Read more

November Retail Sales Fell in Biggest Drop in Nearly a Year

November Retail Sales Fell in Biggest Drop in Nearly a Year

U.S. retail sales fell sharply in November as the holiday shopping season got under way, posting their biggest drop in nearly a year as inflation cooled. Sales at U.S. retail stores, online sellers and restaurants fell by a seasonally adjusted 0.6% in November from the previous month, the Commerce Department said Thursday. That was a … 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.

FTX’s Sam Bankman-Fried Charged With Criminal Fraud, Conspiracy

FTX’s Sam Bankman-Fried Charged With Criminal Fraud, Conspiracy

FTX founder Sam Bankman-Fried oversaw one of the biggest financial frauds in American history, a top federal prosecutor said in charging that the former chief executive stole billions of dollars from the crypto exchange’s customers while misleading investors and lenders. An indictment by the U.S. attorney’s office for the Southern District of New York, unsealed … Read more