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Energy, Stocks

“Sunnova CEO tries to reassure rattled investors after stock plunged 26% in worst day since March 2020”

“…Sunnova shares plummeted 26.7% Thursday after the residential solar company announced a $100 million at-the-market stock offering program. Sunnova’s market cap declined by $382 million in the worst day for the company since March 2020 and the second worst day… Continue Reading…

Stocks

“Shake Shack stock surges 26% on fourth-quarter profit, strong 2024 outlook” [Feb 15]

“Shares of Shake Shack surged 26% on Thursday after the burger chain delivered strong fourth-quarter earnings results. The stock reached a new 52-week high of $98.90 and is up more than 67% in the last 12 months…” https://www.cnbc.com/2024/02/15/shake-shack-shak-earnings-q4-2023.html

Energy

“Diamondback agrees to $26 billion deal to buy Endeavor Energy in growing Permian push”

“Shale producer Diamondback Energy said on Monday it would buy the largest privately held oil and gas producer in the Permian Basin, Endeavor Energy Partners, in a cash-and-stock deal valued at about $26 billion, including debt. The combined company would be the… Continue Reading…

Business

“Volvo shares jump 26% on higher sales, plans to stop Polestar funding”

“Volvo Cars shares surged more than 26% on Thursday after the Swedish automaker announced it will stop funding subsidiary Polestar Automotive. The group announced it may hand stewardship of ailing luxury car brand Polestar over to majority Volvo shareholder, China’s Geely Holding,… Continue Reading…

Economy

“Wall Street bonuses dropped 26% in 2022 after record 2021”

“Wall Street bonuses fell 26% to an average $176,700 in 2022 from a record in 2021, according to a report from New York State Comptroller Thomas DiNapoli published on Thursday. A worsening economic environment and stalled deal markets weighed on… Continue Reading…

Economy

“26% of job switchers regret joining the Great Reshuffle, survey finds…”

“Despite some indications of an economic slowdown, the job market remains remarkably stable, and many workers have reaped the benefits. In fact, a record number of employees quit their jobs, found new positions and renegotiated along the way. But not… Continue Reading…

Stocks

“PubMatic stock opens 26% above IPO price, and keeps rising”

“PubMatic Inc.’s soared out of the gate Wednesday, as the stock opened 25.6% above the initial public offering price. The IPO priced late Tuesday at $20 a share, above the previously expected range of $16 and $18 a share. The… Continue Reading…

Banking

“Federal Debt Tops $26 Trillion for First Time; Jumps $2 Trillion in Just 63 Days”

“The debt of the federal government topped $26 trillion for the first time on Tuesday, when it climbed from $25,960,547,920,986.11 to $26,003,751,512,344.91, according to data released today by the Treasury Department. The federal debt had topped $24 trillion for the first… Continue Reading…

Stocks

“Chesapeake Energy’s stock bounces sharply off 26-year low after production update”

“Shares of Chesapeake Energy Corp. CHK, +7.87% soared 8.3% in premarket trading Wednesday, to bounce off the previous session’s 26-year low, after the oil and gas company provided a preliminary fourth-quarter production update… Chesapeake said it eliminated $900 million in debt, reduced expenses… Continue Reading…

Economy

“For First Time in 26 Years, All U.S. Metros Enjoyed Income Gains”

“Americans in every U.S. metropolitan area experienced economic prosperity in 2018, according to a recent report from the Bureau of Economic Analysis. For the first time in 26 years, no metro area saw per-capita incomes fall that year — the… Continue Reading…