Deliveroo shares jump on report of DoorDash’s interest in takeover
DoorDash reportedly approached Deliveroo last month before negotiations between the two companies broke down over disagreements about valuations Source link...
MARKET
VW shares slip on plan to spend up to $5 billion in Rivian deal
VW shares slip on plan to spend up to $5 billion in Rivian deal Source link...
Investors still don’t appreciate Gap’s turnaround — but retailer’s room for error is shrinking, analysts say
Gap Inc. stands to gain from the back-to-school season, increasing relevance at its namesake stores, a product refresh at its Old Navy stores and early signs of improvement at its fitness brand Athleta, TD Cowen analysts said Tuesday. Source link...
Lower inflation, no recession set stocks up for a summer stunner
Ed Yardeni: Ignore the inverted yield curve — this “Roaring 2020s” market is alive and well. Source link...
Broadcom loses a Boeing’s worth of market cap during five-session slide
Broadcom’s furious stock rally has cooled in recent days, such that the company shed more than $100 billion in market cap across its current five-session losing streak. Source link...
Stock-market buyback blackout period could spark dip as earnings season begins
A “blackout” for stock buybacks ahead of earnings season may be poised to cause another short-term pullback after a run to all-time highs for the S&P 500 and Nasdaq Composite. Source link...
Growth stocks are trouncing value stocks in 2024, even in struggling small-cap universe
The small-cap focused Russell 2000 index is trading well below its record high in 2021. Source link...
FedEx rallies after big cost cuts, but one analyst wonders if the easy reductions are in the past
FedEx Corp. late Tuesday reported a quarterly profit above expectations and called for revenue growth for its upcoming fiscal year, sending the stock 14% higher in the after-hours session. Source link...
Cruise, GM’s troubled robotaxi unit, gets a new CEO
Veteran videogame executive takes the reins some seven months after co-founder departure, fleet grounding. Source link...
Waymo opens its driverless taxi service to all in San Francisco
The self-driving vehicles are still a curiosity to many tourists, who now should have an easier time hailing a ride. Source link...
