Palo Alto Networks Tumbles After Revenue Forecast Disappoints
Palo Alto Networks Inc. slid in late trading after giving a downbeat forecast for the current period, renewing concerns about a slowdown in cybersecurity services.
Palo Alto Networks Inc. slid in late trading after giving a downbeat forecast for the current period, renewing concerns about a slowdown in cybersecurity services.
Once Archegos Capital Management founder Bill Hwang decided on a trade, he did it again. And again. And again. Senior staffers reacted by greeting each other with “Happy Groundhog Day,” a reference to the classic Bill Murray time-loop comedy.
There’s just one big bear left in Wall Street’s forest of stock market opinions after Morgan Stanley’s Mike Wilson capitulated on Monday while JPMorgan Chase & Co.’s Marko Kolanovic held firm in his gloomy outlook on equities.
Peloton Interactive Inc. kicked off the sale of a new loan as it works to refinance existing debt and recover from a recent slump in sales.
Phillips 66 agreed to acquire Pinnacle Midland Parent LLC for $550 million in cash from private equity firm Energy Spectrum Capital, allowing it to expand natural gas processing in the Midland Basin.
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