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Stock market today: Election rally stumbles as bond yields spike ahead of key inflation data
Bond yields spiked aggressively as investors awaited Wednesday's inflation data for October.
Filip De Mott
Revlon falls 13% as blistering rally following the cosmetic company's bankruptcy filing loses steam
Revlon stock reversed course Thursday after retail investors drove a huge rally in an attempt to re…
Jennifer Sor
Tesla eclipses $1 trillion valuation after Hertz orders 100,000 Model 3 vehicles
Tesla is the fastest company on record to hit a $1 trillion valuation at 18 years, besting Alphabet…
Matthew Fox
Tesla falls 4% after Elon Musk warns it hasn't yet signed the Hertz contract for a record-breaking 100,000 orders
"If any of this is based on Hertz, I'd like to emphasize that no contract has been signed yet," Mus…
Shalini Nagarajan
Hertz's Chapter 11 restructuring plan has been confirmed by a bankruptcy court, paving the way for a $1 billion shareholder payout
The car rental giant said on Thursday its restructuring plan has been confirmed by a bankruptcy cou…
Emily Graffeo
Hertz has emerged from bankruptcy. The original meme stock has surged more than 2,000% leading up to its exit from Chapter 11.
Hertz investors received more than $1 billion in value from the bankruptcy exit, in the form of $23…
Matthew Fox
Wall Street Bets was right: Hertz's bankruptcy auction will actually give shareholders a handsome payout - even after Wall Street decided the stock was worthless
Retail investors who bought Hertz last summer when even the company itself said its shares were "wo…
Emily Graffeo
Bankrupt Hertz soars 68% after accepting a takeover bid that would give a rare payout to stock investors
According to The Wall Street Journal, the winning bid will pay current shareholders close to $8 a s…
Emily Graffeo
Tesla is on track for its biggest monthly gain in nearly a year as stellar earnings and a huge Hertz order send shares soaring
Tesla stock started October at $775 a share and is heading for a 41% monthly gain thanks to record …
Isabelle Lee
Avis soars 212% as investors pile in following Elon Musk's tweet casting doubt over Hertz deal, strong earnings, and a possible short-squeeze
With the car rental firm gaining more than $25 billion in market value on Tuesday, the shorts have …
Matthew Fox
Hertz jumps 177% after it lines up $1.65 billion in potential financing
Hertz made waves with investors over the summer after it was bid up more than 1,000% despite being …
Matthew Fox
Hertz pauses plan to sell $500 million in potentially worthless stock after SEC weighs in
The offering was frozen after discussions with SEC staff, and is "pending further understanding of …
Ben Winck
Hertz shares halted after SEC raises issues with plan to sell potentially worthless stock
"We have let the company know that we have comments on their disclosure," SEC Chair Jay Clayton tol…
Ben Winck
Hertz spikes 68% after revealing plan to sell up to $1 billion in stock that could 'ultimately be worthless'
The irrational run-up poses a risk to potential buyers, and the company plans to warn investors "th…
Ben Winck
Popular bankruptcy stocks Hertz, JCPenney plummet as risk-loving investors cash out
Both stocks recently surged on an unexpected wave of interest from retail traders looking for quick…
Ben Winck
Hertz sold $29 million in shares before the SEC stopped it from selling even more, despite filing for bankruptcy in May
Hertz filed for bankruptcy protection in May but continued to sell its shares. It sold $29 million,…
Saloni Sardana
Used-EV prices are crashing as buyers shift back towards hybrid vehicles
Prices for used EVs are tumbling far faster than their gas counterparts as buyers sour on range and…
Filip De Mott
Hertz reveals delisting notice from NYSE, placing fate of mad-dash rally in pending appeal
"There can be no assurance ... whether there will be equity value in the Company's common stock" if…
Ben Winck
Hertz skyrockets more than 100% after Jefferies suggests CarMax or AutoNation could 'swoop in'
"Our channel checks suggest that KMX and AN among others could be eyeing HTZ in bankruptcy," wrote …
Carmen Reinicke
Hertz shares are likely going to $0, Morgan Stanley says
The updated price target reflects the bank's view "that our Bear case has a higher probability of o…