By Jonathan Stempel NEW YORK (Reuters) -New York Community Bancorp was sued on Tuesday by shareholders in a proposed class action after the lender posted unexpected commercial real estate loan losses and slashed its dividend, causing its stock price to fall by more than half. In a complaint filed in Brooklyn federal court, shareholders said […]
Tilray Brands (NASDAQ: TLRY) is undergoing a metamorphosis. Whereas historically its business model was to grow, sell, and distribute marijuana in Canada, today the company’s ambitions are larger, as are its capabilities. Still, investors in the cannabis conglomerate have had high hopes for a transformational catalyst to send their shares soaring for quite some time […]
Meta chief Mark Zuckerberg speaking yesterday during a US Senate Judiciary Committee hearing on child safety – Susan Walsh/AP Mark Zuckerberg’s Meta will pay up to $50bn to shareholders after it posted record revenues, sending profits soaring by 200pc. Revenues at the social media giant behind Facebook, Instagram and WhatsApp hit more than $40bn for […]
Jack Ma and Joe Tsai, the co-founders of Alibaba Group Holding, have emerged as the two largest shareholders of the e-commerce giant they founded in 1999, by aggressively scooping up its tumbling shares in New York and Hong Kong. Ma, who retired as Alibaba’s executive chairman in 2019, bought about US$50 million of stock in […]
Disney holidays A number of companies have moved on from the pandemic’s challenges to reach new heights. Rough times have a way of separating great companies from merely good ones, and although no one is asking for difficulties, these moments can often strengthen a business for the better. But not every top company is out […]
credit score shopping getty How low can you go? That’s the question some Alibaba (NYSE: BABA) investors might be asking as the stock slips close to its lowest-ever valuation. Alibaba’s price-to-sales (P/S) ratio today stands at 1.5, just a fraction of its five-year average of 5.1. Similarly, its price-to-earnings (P/E) ratio is 10.3 vs. a […]
GettyImages-dividends Sometimes a boring company that consistently pays out its growing free cash flow is something to get excited about. That’s especially true when there’s a clear path to continued dividend increases. One such company offering an exceptional dividend is Enbridge (NYSE: ENB). The Canadian pipeline company just announced another raise for shareholders in 2024, […]