Category: Stock Market

As you might know, Pfizer Inc. (NYSE:PFE) recently reported its second-quarter numbers. It was not a great result…

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Today is shaping up negative for Las Vegas Sands Corp. (NYSE:LVS) shareholders, with the analysts delivering a…

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Shareholders of Community Health Systems, Inc. (NYSE:CYH) will be pleased this week, given that the stock price is up…

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Exxon Mobil Corp is preparing deep spending and job cuts, according to people familiar with the matter, as it fights to preserve a 8% shareholder dividend with a multi-billion-dollar quarterly loss looming. The largest U.S. oil company slashed this year’s budget by 30% in April, but Chief Executive Darren Woods’s turnaround through rebounding demand and increased asset sales have not panned out and losses are climbing. On Friday, Exxon is expected to report a $2.63 billion second-quarter loss, according to Refinitiv Eikon data, on sharply lower prices and weaker production, the first back-to-back quarterly losses in at least 36 years.

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Today is shaping up negative for JetBlue Airways Corporation (NASDAQ:JBLU) shareholders, with the analysts delivering…

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Amid the stalled talks between Amazon and WarnerMedia over getting HBO Max on Fire TV devices, the two sides reached an agreement on one front, at least: Fire TV users who subscribe to HBO Now will continue to be able to access the service, which is being rebranded simply as HBO, as of Aug. 1. […]

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The latest analyst coverage could presage a bad day for Heat Biologics, Inc. (NASDAQ:HTBX), with the analysts making…

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As you might know, Advanced Micro Devices, Inc. (NASDAQ:AMD) just kicked off its latest second-quarter results with…

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Li Auto Inc. has raised $1.1 billion in its initial public offering in the United States, Bloomberg reported. What Happened The Chinese electric vehicles maker sold 95 million American depositary shares priced at $11.50 each on Wednesday — above its previously indicated range of $8 to $10. The IPO values Li Auto at about $10 billion on these terms. The shares will begin trading Thursday under the symbol "LI" at the Nasdaq Stock Market.Goldman Sachs Group Inc (NYSE: GS), Morgan Stanley (NYSE: MS), UBS Group AG (NYSE: UBS), and China International Capital Corporation Limited (OTC: CNICF) are serving as the underwriters for the offering.Xiang Li, the CEO of the automaker will reportedly have 21% stake in the company at the conclusion of the IPO, with 72.7% of the total voting power.The listing is occurring simultaneously with a $380 million sale of shares to investors, including an affliate of the web-based shopping platform Meituan Dianping (OTC: MPNGY) and TikTok parent company ByteDance Ltd. Hillhouse Capital has also reportedly expressed interest in purchasing shares to the tune of $300 million at the IPO price.Why It Matters Li Auto sells SUVs priced between $21,000 and $70,000. It last reported a net loss of $10.89 million for the first quarter, with total revenue of $120.28 million. In the similar quarter last year, the company had posted a net loss of $344 million, an indication that its nearing profitability, Bloomberg noted.This month, another Chinese EV maker Nio Inc (NYSE: NIO), which held its IPO in September 2018, rallied to a record high and has run up nearly 216% year-till-date.A recent debutant on the markets, Nikola Corp (NASDAQ: NKLA) skyrocketed after its listing last month, and has clocked gains of 202% YTD. Elon Musk-led Tesla Inc (NASDAQ: TSLA) has surged 258% YTD.Photo by Jengtingchen via Wikimedia. See more from Benzinga * Apple Faces Fresh EU Antitrust Complaint Filed By Messaging App Telegram * Credit Suisse Reports Q2 Earnings Beat * Cryptocurrency Platform Diginex Aims Nasdaq Listing Through SPAC Merger By September(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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Regular readers will know that we love our dividends at Simply Wall St, which is why it's exciting to see MetLife…

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