Central bank raises concerns about the potential impacts of recent flooding and the Omicron variant; forward guidance is unchanged.
The surface of the S&P 500 makes markets look calm. But look down just one layer, and you see some serious pain.
Shares of Upstart Holdings (NASDAQ: UPST), a lender that uses artificial intelligence (AI) to make loan decisions, fell nearly 13.4% today after an analyst lowered his price target on the stock. Wedbush analyst David Chiaverini maintained his neutral rating on Upstart, but significantly lowered his price target from $160 to $110.
Prominent market technician Ralph Acampora says the recent bout of market volatility has him uneasy and now he's forecasting a deeper drop in the market.
The start-up battery maker for electric vehicles is exploring other options, and the market isn't impressed.
WASHINGTON (Reuters) -The U.S. government said on Friday it would suspend 44 China-bound flights from the United States by four Chinese carriers in response to the Chinese government's decision to suspend some U.S. carrier flights over COVID-19 concerns. The suspensions will begin on Jan. 30 with Xiamen Airlines’ scheduled Los Angeles-to-Xiamen flight and run through March 29, the Transportation Department said. The decision will cut some flights by Xiamen, Air China, China Southern Airlines and China Eastern Airlines.
Shares of e-commerce and cloud computing giant Amazon (NASDAQ: AMZN) are taking a punch in the gut today. The slide is likely primarily due to bearishness in the overall market today, especially for growth stocks like Amazon. The market's sell-off on Friday seems to be prompted by Netflix's (NASDAQ: NFLX) post-earnings 20%-plus drop.
For the fourth day in a row, semiconductor stock Nvidia (NASDAQ: NVDA) fell in trading today -- and was down 2.6% as of 10:30 a.m. ET. While still at its core a graphics chip manufacturer, in recent years Nvidia's chips have become increasingly popular for use in cryptocurrency mining. Problem is, cryptocurrencies are flagging today, with Bitcoin, for example, down nearly 12% over the past 24 hours and Ethereum falling nearly 15%.
The U.S. is approaching the end of a 'superbubble,' potentially leading to the largest markdown of wealth in its history when pessimism returns to rule markets, according to legendary investor Jeremy Grantham.
Bears are in control as the market correction deepens. Apple and Tesla earnings loom but the Fed meeting will be in focus.
Hennion & Walsh Chief Investment Officer Kevin Mahn joins Yahoo Finance Live to discuss low trading sessions during market volatility, how investors should listen to their risk tolerance, what investment opportunities are making themselves known, and high interest rates.
Yahoo Finance's Jennifer Schonberger discusses the outlook for cryptocurrency prices after the Fed released a white paper on central bank digital currencies.
(Bloomberg Law) -- MicroStrategy Inc. can’t strip out Bitcoin’s wild swings from the unofficial accounting measures it touts to investors, the SEC said.Most Read from BloombergCrypto Crash Erases More Than $1 Trillion in Market ValueTech Leads Stocks to Worst Week Since March 2020: Markets WrapJeremy Grantham Doubles Down on Crash Call, Says Selloff Has StartedAmerican Airlines Sues The Points Guy Over Its Rewards Management AppBitcoin Chart Hints at Possible Floor for SlideBad news for the Micr
On Thursday, a flirtation with a respectable comeback a day after entering correction territory proved short-lived, with the Nasdaq Composite (COMP) notching another ugly reversal on Thursday. Thursday’s move appeared to be a head-scratcher for some participants as it seemed likely that the technology-laden Nasdaq Composite might finally finish higher, with momentum buoying the Dow Jones Industrial Average (DJIA) and the S&P 500 (SPX) benchmarks and bargain hunters swooping in. Read: The Nasdaq Composite just logged its 66th correction since 1971.
(Bloomberg) -- Selling has gotten intense enough in stocks that volatility indexes are pricing more turbulence in the here and now than in the future. The setup, known as an inverted VIX, is sometimes viewed as a positive for those hoping markets will calm.Most Read from BloombergJeremy Grantham Doubles Down on Crash Call, Says Selloff Has StartedTech Leads Stocks to Worst Week Since March 2020: Markets WrapAmerican Airlines Sues The Points Guy Over Its Rewards Management AppEarly Omicron Breakt
Digital World Acquisition closed out the session down 9.2%, while Phunware was off 12.8%. Growth-dependent and speculative stocks have seen turbulent trading lately, and the broader market was hit with big pullback today following worrying performance from some big consumer products and technology companies. There doesn't appear to be any business-specific news behind Digital World Acquisition and Phunware's share price slides, but the two companies were caught up in the broader pullback.
High-dividend stocks can be misleading. Here's a smart way to find stable stocks with high dividends. Watch these six dividend payers on IBD's radar.
In this week’s second 2022 Roundtable installment, Giroux highlights six stocks that, to his mind, have been unfairly punished. Mario Gabelli: I’ve been talking about the Atlanta Braves for a while. You can invest in the Braves through Liberty Braves Group [ticker: BATRA], a tracking stock controlled by John Malone’s Liberty Media It trades for $28, and there are 60 million shares outstanding.
Yahoo Finance's Emily McCormick examines the market action ahead of the closing bell, taking a look at sector trading as trending stocks continue to dip.
Upsetting signs of inflation and corresponding fear of rising interest rates to combat it are changing how the stock market feels about high-growth fintech stocks. The road ahead of these rapidly growing businesses is probably going to get a little rougher, but that isn't a good reason to abandon them altogether. In fact, at their heavily depressed prices, these stocks have a pretty good chance to deliver market-beating gains to patient investors.
(Bloomberg) -- A controversial ETF with a singular mission to exploit weakness in Cathie Wood’s flagship fund has now amassed $234 million in assets as the new year rout in richly priced tech stocks deepens.Most Read from BloombergCrypto Crash Erases More Than $1 Trillion in Market ValueTech Leads Stocks to Worst Week Since March 2020: Markets WrapJeremy Grantham Doubles Down on Crash Call, Says Selloff Has StartedAmerican Airlines Sues The Points Guy Over Its Rewards Management AppBitcoin Chart