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| September 25, 2018

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Stock Archives -

Companies Buy Earnings Gains by Buying Back Stock

September 24, 2018 |

Companies’ record stock repurchases this year are causing profits to appear stronger and fueling the stock market’s record run. US Business

US Stock Indexes End Mixed

September 19, 2018 |

Stocks are closing mixed on Wall Street as gains for banks are offset by losses elsewhere in the market, the AP reports. Bond yields climbed to the highest level in four months Wednesday, sending bank shares higher and weighing on utilities and other high-dividend payers. Technology companies also did poorly….

The Saudi wealth fund bought Tesla stock. Now it’s investing in Lucid, a Tesla competitor

September 18, 2018 |

Lucid Motors, the Bay Area electric car start-up, has been struggling to raise money for more than a year. Now it appears to have found some: more than a billion dollars from Saudi Arabia’s sovereign wealth fund.

If the deal announced Monday closes as Lucid expects, the company said it will have…

L.A. Times – Business

Snap stock drops to record low after analyst gets ‘tired of watching Snapchat decline from the sidelines’

September 12, 2018 |

BTIG analyst Richard Greenfield said in a new note that he’s “tired of watching Snapchat decline from the sidelines” and that it’s now time to sell the stock. His price target is $ 5, which would represent a roughly 50% decline from Tuesday’s close of $ 9.89.

Shares of Snap fell as much as 8.7% to…

L.A. Times – Business

Sonos has its best and worst performances on the stock market, all in one day

September 11, 2018 |

The stock of Sonos Inc. went on a roller-coaster ride Monday, climbing 13% in anticipation of its first earnings report as a public company — then crashing 15% in after-hour trading after the Santa Barbara-based maker of wireless home-audio equipment announced a $ 27-million loss.

That was almost…

L.A. Times – Business

Stock Indexes Close Lower

September 8, 2018 |

US stock indexes are closing lower Friday after a surprisingly strong jobs report pushed investors to gird for higher interest rates, the AP reports. Investors sold high-dividend stocks as bond yields rose, and tech stocks rebounded from recent losses. Tesla slumped 6.3% after its chief accounting officer quit after…

MannKind strikes deal for inhalable hypertension treatment, sending stock soaring

September 4, 2018 |

With a new deal to collaborate on an inhalable hypertension drug, the executives at Southern California drugmaker MannKind Corp. can breathe a little easier about the company’s finances.

The agreement with biotechnology firm United Therapeutics Corp. could provide MannKind — founded by Los Angeles…

L.A. Times – Business

Guess’ stock jumps after its earnings beat forecasts, with growth in Europe and Asia

August 30, 2018 |

Guess Inc.’s stock rose sharply Thursday after the Los Angeles apparel company, which is trying to reverse years of slumping earnings, reported second-quarter profit that topped expectations.

The stock gained 5.7% to $ 24.25, putting it up 50% in the last 12 months. Earlier in the day, it was up…

L.A. Times – Business

‘America First’ investment theme may be concealing risks in U.S. stock, credit markets

August 26, 2018 |

“America First” seems to have become an investment theme by default, as money managers turn to the U.S. in a fraught global environment. The danger is that movement may be concealing risks in the world’s safe haven.

The prospect of the strongest economic expansion since 2005 has helped draw investors…

L.A. Times – Business