FedEx Corp. FDX 1.54% founder Fred Smith is stepping down as chief executive of the company he started more than 50 years ago with a few planes and built into a global delivery network that moves millions of packages a day. Mr. Smith, 77 years old, is handing the CEO role to President and Chief […]
Text size New electric cars at the official opening of the new Tesla manufacturing plant on March 22 in Germany. Christian Marquardt/Getty Images AT You’re here Model S Plaid can go from 0 to 60 in just two seconds. Tesla’s stock can gain more than 30% in less than two weeks. Tesla (ticker: TSLA) has […]
Text size New electric cars at the official opening of the new Tesla manufacturing plant on March 22 in Germany. Christian Marquardt/Getty Images AT You’re here Model S Plaid can go from 0 to 60 in just two seconds. Tesla’s stock can gain more than 30% in less than two weeks. Tesla (ticker: TSLA) has […]
Companies are unveiling plans to repurchase their own shares at a record pace, lending support to the battered stock market. Firms in the S&P 500 have outlined buyback plans valued at $238 billion through the first two months of 2022, according to data from Goldman Sachs Group Inc. GS 1.29% a high for this point […]
Stocks and oil prices tumbled Monday as investors assessed the impact of new Covid-19 outbreaks in China and awaited a likely interest-rate increase by the Federal Reserve later this week. The technology-focused Nasdaq Composite dropped 262.59 points, or 2%, to 12581.22, its lowest level since December 2020, as China locked down the key manufacturing regions […]
The Amazon Spheres at the company’s headquarters in Seattle, Wash. John Moore/Getty Images Text size Mathematically, stock splits create no value. Splitting your stock 20-for-1—a move Amazon announced last week—isn’t really any different than swapping a $20 bill for 20 singles. Your wallet might be a little fatter, but you aren’t any richer. The fact […]
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