Uber Technologies Inc. UBER, -0.29% said Monday it is planning to offer $1.2 billion of five-year convertible bonds to raise the money to repay, redeem or repurchase outstanding debt. The ride-sharing company said it would use part of the proceeds to cover the cost of entering into capped call transactions…

Taking a closer look at one of the largest companies in the pharmaceutical industry By Nathan Aisenstadt Summary The company’s management increased the financial guidance for 2023 non-GAAP diluted EPS from $7.35 to $7.65 to $7.50 to $7.65. During the three months ended Sept. 30, Bristol-Myers Squibb repurchased $4 billion…

Shares of Virgin Galactic Holdings Inc. fell 4.5% in premarket trades Friday, continuing their tumble after Morgan Stanley downgraded the stock to underweight. The stock ended Wednesday’s session down 6.6%, its largest daily percentage decline since Nov. 8, when it fell 10.3%. Of 10 analysts surveyed by FactSet, two have…

What is the best way to change corporate behavior when it comes to sustainability and ESG? The answer depends on who you ask and—increasingly—what part of the world they live in. For years, legislators and regulators around the world have been asked to govern their way to a greener, more…

It’s a testament to Nvidia Corp.’s glow-up over the past year that Wall Street has become largely desensitized to results and an outlook that each beat expectations by about $2 billion. But despite a disappointing post-earnings reaction for Nvidia shares NVDA, which closed down 2.5% Wednesday, the company found plenty…

It’s one year away from the next Presidential election and the Biden administration has taken an extraordinary step. From the outside it seems like too much of a coincidence and rather worrying. The broke Monday that the administration would invoke the Defense Production Act, which got created during the Korean…

After unwanted shirts and pants piled up in warehouses and stockrooms last year, clothing chains such as Gap Inc. and Urban Outfitters have said over the past two weeks they’ve had an easier time selling clothing through the summer without slashing prices so aggressively. But with Black Friday and the…

Auto sales in Europe still look strong, but the underlying profit fundamentals are deteriorating fast, not helped by electric cars failing to meet expectations. In particular, Volkswagen and Mercedes are under pressure, but BMW is fending off the stresses. European Automotive Manufacturers Association data looks healthy, but behind the numbers,…

Shares in China’s top real estate company Country Garden surged on Thursday following a report that the Guangdong developer has been included on a draft list of 50 companies that could be eligible for new government support aimed at fixing the country’s property crisis.   Country Garden, which has struggled to…

If you’ve consumed financial media, you might have heard the term indexing, or index investing, come up. Despite how frequently the term is used, I have found that very few people understand what it means. For starters, you can’t invest directly in an index. This is a discussion about the…