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Tag: Stock

Sony's Stock Split Comes With a Catch – The Motley Fool

The impending stock split isn't the only major factor affecting the company's stock price. Long-established electronics company Sony (Sony -4.57%) Sony has joined the ranks of companies opting to split their stock. The company announced that it will implement a 5-for-1 stock split starting October 1. Stock splits, like Sony's, lower the price of individual […]

Kamala’s Capital Gains Tax Plan Would ‘Kill the Stock Market’

Billionaire investor Mark Cuban warned Thursday on CNBC's “Squawk Box” that Vice President Kamala Harris' capital gains tax plan would “destroy the stock market.” “What I told them was that if we taxed unrealized gains, it would crash the stock market and it would be the ultimate jobs plan for private equity because companies wouldn't […]

Dollar Tree stock falls 20% after cutting forecasts

Shares of discount retailer Dollar Tree plunged more than 20% on Wednesday after the company missed quarterly expectations and sharply cut its full-year forecast, another sign that inflation-weary consumers are cutting back on spending. “Macroeconomic austerity policies are causing customers to spend more on (low-margin essentials) while reducing spending on discretionary items,” Dollar Tree CFO […]

Nvidia CEO Jensen Huang loses $10B as company’s stock plummets

AI chip leader Nvidia's CEO Jensen Huang's net worth fell by about $10 billion on Tuesday after the company's shares plunged nearly 10% amid global selling pressure. The 61-year-old Taiwan-born CEO, who worked as a toilet cleaner and server at Denny's before co-founding Nvidia more than 30 years ago, has seen his net worth fall […]

Why Best Buy Stock Just Jumped 16.5% – Yahoo Finance

Best Buy (NYSE: BBY) Stocks are finally rising! Best Buy shares, which have lagged the stock market for much of the past year, surged 16.5% by 10:15 a.m. ET after reporting a big earnings beat on Thursday morning. Analysts had expected Best Buy to earn just $1.16 a share on sales of just over $9.2 […]

Dollar General stock slides as earnings show soft consumer demand

Gerald Storch, CEO of Storch Advisors, responded to Target's decision to cut prices on 5,000 common products during an appearance on “Varney & Co.” Dollar General The stock plunged 27% on Thursday after the company reported second-quarter results that showed weakening consumer demand and lowered its full-year sales and profit forecasts. The company's operating profit […]