- Yahoo Finance
Palantir stock falls 12%, putting meme rally on pause
Palantir stock's negative reaction to earnings appeared to put pause on a recent rally in other stocks favored by retail traders.
- Yahoo Finance Video
Crocs stock climbs after topping Wall Street earnings estimates
Crocs (CROX) shares are climbing after the company topped Wall Street's revenue expectations and raised its full-year guidance. The company also announced management changes, appointing Susan Healy as its new chief financial officer. Crocs stock is up 36% year-to-date. For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Melanie Riehl
- Reuters
UPDATE 1-Archegos boss Bill Hwang's trial to test unusual manipulation theory
Attorneys for Sung Kook “Bill” Hwang are expected to argue that prosecutors are pushing a novel and nonsensical market manipulation theory when the criminal trial of the former Archegos Capital Management boss kicks off in New York this month. Archegos, a $36 billion family office which invested Hwang's personal wealth, collapsed spectacularly in March 2021 after its highly leveraged bets on a small number of stocks via complex derivatives quickly soured. Prosecutors allege Hwang and his deputies lied to banks about the magnitude of Archegos' derivative positions to borrow billions of dollars that they then used to inflate the underlying stocks through open market purchases.
