- Oops!Something went wrong.Please try again later.
DAN earnings call for the period ending June 30, 2021.
How are we going to find a way forward in today’s market environment? The general trend is upwards – the S&P 500 has gained 20% so far this year, and the NASDAQ is close behind at 19% – but market strategists at Goldman Sachs are predicting a pull back before the end of the year, and have scaled back their growth forecast for the S&P to from 6.2% to 5.7%. August’s weak jobs report and rising inflation prompted their shift. Looking at the headwinds, Goldman’s Ronnie Walker says, “The Delta varian
As retailers gear up for the holiday season, a record number of container ships trying to bring imported goods into the US are stuck off the coast of California, another casualty of ongoing disruptions to the global supply chain. Sixty-five vessels were waiting to dock at the ports of Los Angeles and Long Beach in the San Pedro Bay Sept. 16, according to the Marine Exchange of Southern California, a record high. Captain Kip Louttit of the Marine Exchange told Quartz that an unprecedented 23 of these ships are in a drift area—meaning there is no room for them to anchor in the water.
Evergrande, a Chinese property giant, faces defaul next week. So far, global investors have shrugged off the event, but they should be paying attention.
As the trading week wound down Friday, shares of hydrogen fuel cell company Plug Power (NASDAQ: PLUG) jumped up 4.3% through 1:40 p.m. EDT. You can probably thank J.P. Morgan for that. In a note this morning summing up its findings after recently meeting with Plug management, reports TheFly.com, J.P. Morgan analysts doubled down on their overweight rating on the stock.
(Bloomberg) -- The last time Americans were this turned off by the U.S. housing market, borrowing costs were over five times the current rate. The share of people who think now is a good time to buy a home fell in September to 29%, extending the plunge from March when the proportion was more than twice as high, data from the University of Michigan consumer sentiment survey showed Friday. It’s also the smallest chunk of respondents since 1982.Back then, the average for a 30-year fixed rate mortga
More than half of Americans (56%) started tipping more for restaurant food last year, according to a new Bank of America survey. Should you join them?
When it comes to retirement savings, American workers have a lot of work to do. A recent Insured Retirement Institute survey found that workers between ages of 40 and 73 have insufficient retirement savings to cover their income needs, and they … Continue reading → The post Most Americans Are Behind on Retirement Savings – Are You One of Them? appeared first on SmartAsset Blog.
Let the Oracle of Omaha be your guide in today's tough market.
(Reuters) -Treasury Secretary Janet Yellen says failure to raise the U.S. debt limit could lead to the unthinkable: a default on government payment obligations. If the impasse in Congress over the $28.5 trillion debt limit isn't resolved before an October deadline, what would the Federal Reserve - the backstop for U.S. financial markets as the lender of last resort - be prepared to do? As it turns out, Fed Chair Jerome Powell may already have something of a game plan.
Every investor wants a sure return – that’s the way to make money in the markets, after all. With the main indexes all showing strong gains for the year (19% on the S&P 500, and 18% on the NASDAQ), those returns are clearly on the table. But there are some shorter-term downward moves, and plenty of market experts are counseling both optimism and caution. RBC chief U.S. equity strategist Lori Calvasina notes that the upward trend has been both substantial and sustained, and she is revising her mi
Following a bearish Wednesday, a Bitcoin move back through to $48,000 levels would support the broader market.
Some EV companies have confirmed that no revenue will be forthcoming for the rest of this year, raising questions about who will survive and thrive in the space.
In this article, we discuss the 10 Chinese stocks hedge funds are selling amid crackdowns. If you want to skip our detailed analysis of these stocks, go directly to the Hedge Funds are Selling These 5 Chinese Stocks Amid Crackdowns. The stocks of major China-based companies that trade on exchanges in the United States have […]
Lucid Motors (LCID) shares rose 7% after a bullish Wall Street analyst note along with confirmation from the Environmental Protection Agency that the EV maker's premium tier car has a higher mile range than Tesla's model S (TSLA).
Zoom Video Communications Inc (NASDAQ: ZM) is trading higher Friday after the Institutional Shareholder Services recommended to vote against the company's proposed bid to acquire Five9 Inc (NASDAQ: FIVN). “The all-stock deal exposes Five9 shareholders to a more volatile stock whose growth prospects have become less compelling as society inches towards a post-pandemic environment," the Institutional Shareholder Services said. Zoom Video provides a communications platform that connects people thro
Corvus Pharmaceuticals Inc (NASDAQ: CRVS) is surging higher Friday on abnormally high volume. The stock might be trading higher following favorable data results by AstraZeneca PLC (NASDAQ: AZN) for patients with unresectable, stage 3 non-small cell lung cancer. The average session volume over a 100-day period is about 300,000. Friday's session volume was approaching 120 million at publication time. AZN News: AstraZeneca announced that "the COAST Phase II trial showed oleclumab, an anti-CD73 mono
Surekha Gangakhedkar testified in the fraud trial of Theranos founder Elizabeth Holmes that she left the blood-testing startup because its flawed machines were being rushed out.
Thermo Fisher Scientific crushed guidance expectations for 2022 and beyond on Friday, and TMO stock surged to a fresh high.
Stocks fell on Friday as traders continued to digest a slew of mixed economic data and its implications for monetary policy. Jim Smigiel, Chief Investment Officer at SEI and Shannon Seery, Wells Fargo Economist joined Yahoo Finance Live to discuss.
The Dow Jones fell as Apple stock continued to dip. The White House warned of a recession. Tesla CEO Elon Musk praised its China rivals.