Netflix released its fourth-quarter results after the stock market bell on Thursday. Read more.
Tags : european stocks
Peloton executives and insiders sold nearly $500 million worth of stock before the stock fell sharply. That's according to documents filed with the Securities and Exchange Commission. Peloton shares have fallen more than 80% since their highs last year, hitting a 52-week low of $29.11 on Tuesday. John Foley, the company's CEO and co-founder, has sold $119 million worth of shares as of November 2020, according to SmartInsider. Most of his sales were for $110 a share or more. Many top executives also sold some of their shares at the right time. William Lynch, the company's president, sold more than $105 million worth of
Microsoft announced Tuesday that it will buy video game giant Activision Blizzard for $68.7 billion in cash. The price means Microsoft will pay $95 per share for Activision. Read more.
Amazon abandoned plans to block payments with U.K. Visa credit cards this week as the two sides continue to try to resolve a dispute over payment fees. Read more.
Citigroup shares fell more than 1% Friday after the banking giant reported a sharp drop in fourth-quarter profit. The company's net income fell 26% to $3.2 billion. Read more.
Ford Motor's market value surpassed $100 billion for the first time as the automaker's stock hit a new 52-week high Thursday.
Tesla co-founder JB Straubel, founder and CEO of battery recycling company Redwood Materials, has good news and bad news for those who believe electric vehicle sales are about to take off. Read more.
U.S. electric carmaker Tesla sold 70,847 China-made vehicles in December, the highest monthly rate since it began production in Shanghai in 2019, data from the China Passenger Car Association (CPCA) showed Tuesday. Read more.
Shares of Rivian Automotive fell 5% in after-hours trading Monday after the company said it missed its 2021 production target and confirmed the departure of its chief operating officer. Read more.
Elon Musk announced Friday on Twitter that Tesla will raise the price of its "Full Self-Driving" (FSD) package from $10,000 to $12,000 on Jan. 17 for U.S. customers only. Read more.
Adobe Chairman and CEO Shantanu Narayen expressed confidence about the company's future on Thursday, telling CNBC's Jim Cramer that the software maker's weaker-than-expected forecasts do not spell trouble for the company. Read more.
NatWest has been fined £265m after admitting it failed to prevent the laundering of nearly £400m by one firm. A gold trading firm suspected of money laundering had deposited £700,000 cash in black bin bags at a NatWest branch, a court heard on Monday. Read more.