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Teladoc Health posted wider-than-expected losses Tuesday. But TDOC stock reversed its dive Wednesday.
This isn't shaping up to be a good week for the stocks of leading COVID-19 vaccine makers. Shares of Pfizer (NYSE: PFE) were down 1.6% at 11:27 a.m. BioNTech (NASDAQ: BNTX) stock had fallen 9.4%. Moderna's (NASDAQ: MRNA) shares were 6.2% lower.
The Dow Jones Industrial Average tumbled as stocks sold off amid Treasury Secretary Janet Yellen's default risk warning and bond yields rose.
The move occurred as the broader market was declining, but the movie theater operator also got some potentially bad news recently.
(Bloomberg) -- Micron Technology Inc., the largest U.S. maker of memory chips, plunged in late trading after giving a lackluster forecast, a sign that booming demand for its computer and phone semiconductors may be waning.Sales will be about $7.65 billion in the period ending in November, Micron said Tuesday in a statement. That compares with an average analyst estimate of $8.57 billion, according to data compiled by Bloomberg. Excluding certain items, profit will be $2 to $2.10 a share, compare
Agency head says Republican governor's administration demanded she retire after incident. Kassidy Peters, Noem's daughter, received her certification four months later.
Memory-chip maker Micron Technology late Tuesday beat Wall Street's targets for its fiscal fourth quarter. But MU stock fell in extended trading.
The bank has been dealing with some regulatory setbacks, as well as a lower analyst rating this morning.
Shares of Gogo (NASDAQ: GOGO) soared 37.6% on Tuesday after the provider of broadband connectivity services for the aviation market boosted its long-term financial forecast. The air travel industry is recovering from its coronavirus-related plunge -- and Gogo is poised to benefit. Gogo, in turn, is enjoying record equipment sales.
Federal Reserve Chair Jereome Powell and U.S. Treasury Secretary Janet Yellen testify at a hearing on the state of the nation's COVID-19 recovery.
The Insider Monkey team has completed processing the quarterly 13F filings for the June quarter submitted by the hedge funds and other money managers included in our extensive database. Most hedge fund investors experienced strong gains on the back of a strong market performance, which certainly propelled them to adjust their equity holdings so as […]
Markets are up this year – that’s no news, the gains have been substantial and sustained – but recent weeks have made investors nervous. The resurgence of COVID, rising inflation and stubbornly high unemployment have already made headlines, but new problems are coming up overseas. In China, for example, a developing debt crisis in the giant Evergrande Group threatens to upend that country’s lending system. So, after a full nine months of gains this year, the stock markets are looking at the real
ARK Invest added to two of her newer positions, and it added to a third stake of a stock that has shed nearly half of its peak value.
Shares of large technology companies, including Zoom Video Communications Inc (NASDAQ: ZM), are trading lower amid a rise in bond yields, which has weighed on growth stock valuations. The 10-year Treasury yield hit an intraday high of 1.567% Tuesday morning before dipping to around the 1.544% level. The spike in the 10-year note this week comes after the Federal Reserve last week spoke on winding down its ongoing asset purchasing program. Zoom provides a communications platform that connects peo
(Bloomberg) -- If there's any country that might've been in a position to rescue Europe from its energy crisis, it’s the U.S. — home to vast shale fields holding a seemingly endless supply of natural gas and giant terminals capable of liquefying it and shuttling it abroad. Most Read from BloombergThe Country That Makes Breakfast for the World Is Plagued by Fire, Frost and DroughtHSBC Bets Big on China as Pressure Mounts in LondonHow Los Angeles Became the City of DingbatsWhy the Gaza Strip May B
Investors aren't happy with Kirkland Lake's proposed merger with Agnico Eagle Mines, but are they overlooking potential benefits?
After a full year of market gains, markets are getting a bit nervous. Inflation is up, US job openings are exceeding the number of unemployed by record amount, and the pile-up of container ships on the West Coast is a continuing reminder that supply chains have not yet recovered from the pandemic disruptions. Taking the measure of current conditions, Jefferies’ global equity strategist Sean Darby lays out the worst case scenario: “…if breakeven inflation expectations were to fall, narrowing real
(Bloomberg) -- Robinhood Markets Inc. and Citadel Securities responded to renewed criticism of their actions during January’s meme-stock frenzy, after retail investors filed a class-action lawsuit last week.Most Read from BloombergThe Country That Makes Breakfast for the World Is Plagued by Fire, Frost and DroughtHSBC Bets Big on China as Pressure Mounts in LondonHow Los Angeles Became the City of DingbatsWhy the Gaza Strip May Be the City of the FutureThe Rise of the Pandemic DashboardCitadel S
Sen. Elizabeth Warren called Fed Chairman Jerome Powell a dangerous man and said she would oppose giving him a second four-year term.
Treasury Secretary Janet Yellen said that if Congress does not raise the debt ceiling, the Treasury will run out of emergency funds to pay U.S. debt holders by that date.
C3.ai (NYSE: AI) gained a lot of attention when it went public last December, for three main reasons. First, it was founded and led by Thomas Siebel, who previously founded the enterprise software company Siebel Systems and oversaw its sale to Oracle for $5.85 billion in 2006. Second, C3.ai dazzled investors with its 71% sales growth in fiscal 2020, which accelerated from its 48% growth in fiscal 2019.