Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
Listen for comprehensive cross-platform coverage of the US market close as heard on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Tim Stenovec, Carol Massar
- Shares of Bending Spoons (BSP) surged as much as 55% after Berkshire Hathaway Inc. agreed to invest an additional $330 million in the Italian technology conglomerate. The investment brings Berkshire’s stake in Bending Spoons to 4% and gives Bending Spoons more capital to pursue acquisitions. Bending Spoons will issue 10 million ordinary shares to Berkshire at $33 apiece through a private placement, according to a statement Wednesday.
- Bank of America's (BAC) stock and fixed-income traders missed estimates, with bond-trading revenue falling 17% to $2.55 billion and equity trading up 10% to $2.51 billion. The company announced a $1.2 billion non-tax-deductible charge for fines for money laundering and sanctions violations, cutting into net income by 17 cents a share. Bank of America's shares slumped, dropping 5.9% at after earlier falling as much as 8.7%, their biggest intraday decline since April 2025.
- CoreWeave's (CRWV) bonds have plunged to levels that typically indicate distress, with its unsecured debt due in 2032 trading below 80 cents on the dollar. The company's shares fell as much as 17% on Wednesday, despite being up more than 60% since its initial public offering in March 2025. CoreWeave Chief Executive Officer Mike Intrator said the market is acting "irrationally", and that the company is confident in its business model and financial engine

CoreWeave Drops, SpaceX Falls, Lockheed Martin Jumps
05:12

Bank of America Sheds Billions in Value, Morgan Stanley Falls, BlackRock Jumps
05:16

Bending Spoons Soars, Bank of America Drops, Liquidia Soars After United Therapeutics Settlement
04:00