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One mortgage pro says, "You’re missing out on the lowest rate you’ll ever have on a mortgage."
Shares of defense industry giant Lockheed Martin (NYSE: LMT) tanked Tuesday morning, trading down by 12.1% as of 12:32 p.m. EDT even though the company reported a sizable earnings beat. Lockheed Martin's earnings plunged by 65% year over year to $2.21 per share in the third quarter -- a result that easily surpassed analysts' consensus projection for earnings of $1.97 per share. Without that charge, it would have earned nearly $7 a share and grown its earnings nearly 11% when calculated according to generally accepted accounting principles (GAAP).
Shares of artificial intelligence-powered fintech provider Upstart (NASDAQ: UPST) got shook up on Tuesday, down 10% as of 3 p.m. EDT after investment bank Jefferies revoked its buy rating on the stock and downgraded Upstart to hold. The analyst also worries that at present valuations -- it has a $25 billion market cap -- Upstart's stock price already "reflects strong and successful market penetration in the personal and auto loan categories over the next few years."
What happened Shares of Ocugen (NASDAQ: OCGN) were skyrocketing 22.1% higher as of 11:28 a.m. EDT on Tuesday. The big jump came as investors anxiously awaited a meeting today of the World Health Organization's technical advisory committee.
Dan Ives, Wedbush Senior Equity Analyst, analyzes Microsoft's Q1 earnings report.
Digital World Acquisition (NASDAQ: DWAC) and Phunware (NASDAQ: PHUN) both saw their stock prices rocket over 1,000% at one point last week, as investors' excitement for the special purpose acquisition company (SPAC) and advertising software provider that are linked to former President Donald Trump reached a fever pitch. The decline in Digital World Acquisition's stock price appears to have been sparked by comments made by Trump before the market opened.
Shares of MP Materials (NYSE: MP) plunged more than 13% by 2:45 p.m. EDT on Tuesday. Weighing on the rare earth mining company stock was a bearish report published by Grizzly Research. Grizzly Research took a swipe at MP Materials.
Yahoo Finance's Emily McCormick breaks down the numbers to know from Alphabet's Q3 earnings report.
If you can't beat them, join them.
Cathie Wood responded to Elon Musk flagging the surge in price pressures. Yahoo Finance's Brian Cheung, Julie Hyman and Brian Sozzi share the details.
Yahoo Finance's Jared Blikre breaks down Robinhood's Q3 earnings report.
These stocks are either immune to inflation or stand to benefit, the Mad Money host says.
Alphabet said that its third-quarter revenue jumped 41% year over year to $65.12 billion, outpacing Wall Street estimates.
The idea of an S&P 500 company hitting $1 trillion in market value used to seem impossible. But analysts insist another is on the way.
Digital World Acquisition (DWAC), the blank check company tied to former President Trump's new social media venture, has become a so-called 'meme stock' favorite.
Shares of endpoint security leader CrowdStrike Holdings (NASDAQ: CRWD) were up as much as 5% today, but were up 2.2% as of 12:55 p.m. EDT. As for the reason for today's big jump, CrowdStrike announced a deepened relationship with Amazon (NASDAQ: AMZN) Web Services (AWS). Specifically, CrowdStrike's Cloud Security Assessment now works with CloudEndure Disaster Recovery on AWS to help prevent and mitigate ransomware attacks (when data is held hostage).
Some insiders made their first open-market purchases of Intel stock, and others bought for the first time in years.
Former U.S. President Donald Trump will be able to retain the ownership of his newly launched social media venture even if he chooses to make another White House run or is convicted by prosecutors who are looking into his business dealings. Trump said last week that TRUTH Social would be created through a new company formed by a merger of the Trump Media and Technology Group (TMTG) and blank-check firm Digital World Acquisition Corp. According to regulatory filings issued late on Tuesday, Trump was referred to as the "company principal," even though the exact size of his stake in the company was not disclosed.
Inheritance can make your taxes tricky. If you inherit property or assets, as opposed to cash, you generally don’t owe taxes until you sell those assets. These capital gains taxes are then calculated using what’s known as a stepped-up cost basis. … Continue reading → The post Capital Gains on Inherited Property appeared first on SmartAsset Blog.
Investors must pay capital gains taxes on the income they make as a profit from selling investments or assets. The federal government taxes long-term capital gains at the rates of 0%, 15% and 20%, depending on filing status and income. … Continue reading → The post 2021 Capital Gains Tax Rates by State appeared first on SmartAsset Blog.
Lisa Peterson testified Tuesday that the DeVos family felt like Theranos Inc. was choosing them as much as they were choosing Theranos at the time they invested in the company in 2014. Ms. Peterson said she got the sense during due diligence on a potential Theranos investment that the company was "hand-picking" a select few to invest, and looking for funds interested in partnering with them for the long term rather than trying to quickly monetize their investment. “She was inviting us to partici