Stocks

Cloud companies, e-retailers and well-known tech companies slumped on Thursday, wiping out hundreds of billions of dollars in market value and sending the Nasdaq Composite to its worst daily decline since June 2020.

The announcement sent Twitter shares soaring more than 27% in New York trading on Monday.

Tesla Inc. said it would seek shareholder approval at its annual meeting for an increase in the number of shares in the electric-car maker to accommodate a stock split, though the company didn't specify when such a split would occur or what the ratio of shares …

Alibaba Group Holding Ltd. BABA 11.00% has increased its share buyback program to $25 billion from $15 billion to reassure investors of the company's prospects after a year in which the stock has fallen by more than half. The potential buybacks are sizeable …

Amazon has announced a 20-for-1 stock split and a share buyback worth up to $10 billion to boost its share price amid high operating costs and concerns about employee retention.

Western oil and gas majors are on track for record share buybacks this year to gain investor confidence and boost yields.

The looming regulatory scrutiny of Wall Street's big stock sales has intensified as regulators look to see if banks and hedge fund dealers are making illicit profits at the expense of institutional sellers and retail investors.

Space tourism company Virgin Galactic announced Tuesday that it will open ticket sales to the public for the first time on Wednesday and will require a $150,000 deposit.

The explosion of passive trading, fear of missing out, and blind faith in "celebrity CEOs" have contributed to the foaming at high-growth tech companies, according to Harvard lecturer and renowned writer Vikram Mansharamani.

Shares in Facebook (NASDAQ:FB) owner Meta fell 26% on Thursday in what could be the worst single-day drop in market value for a U.S. company, after the social media giant released a dire forecast for which he blamed on Apple Inc (NASDAQ:AAPL) privacy policy …