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WSR earnings call for the period ending September 30, 2021.
An American journalist who was recently freed after spending nearly six months in jail in military-ruled Myanmar helped light one of eight Hanukkah candles during a holiday celebration in downtown Detroit. Danny Fenster, 37, joined elected and community leaders Sunday night for the “Menorah in the D” event marking the start of Hanukkah. Fenster, who is from the Detroit suburb of Huntington Woods, was handed over Nov. 15 by Myanmar to former U.S. diplomat Bill Richardson, who helped negotiate his release.
The shares were one of the few bright spots as markets sold off sharply, with almost every other major tech stock trading in the red.
A recent letter sent by Donald Trump seems to have renewed some hope in Fannie and Freddie shareholders.
Shares of Vir Biotechnology (NASDAQ: VIR) were soaring 18.5% as of 11:08 a.m. ET on Tuesday. The big gain came after H.C. Wainwright analyst Patrick Trucchio boosted his price target on Vir from $135 to $200. Several analysts are bullish about Vir's prospects.
Shares of semiconductors star Nvidia (NASDAQ: NVDA) declined 4.4% through 12:12 p.m. ET Tuesday. Specifically, Fed Chairman Jerome Powell just told a Senate panel that the Fed is considering accelerating winding down its bond-buying program and concluding its tapering "a few months sooner" than previously expected. The Nasdaq has nearly tripled in price over the past five years, and analysts attribute a lot of this growth to the fact that the Fed has been pumping as much as $120 billion a month in liquidity into the economy through its bond purchases.
On yet more worrying news about the omicron variant of the coronavirus, the fortunes of coronavirus stocks were mixed on Tuesday. In contrast the co-developer of Pfizer's jab, BioNTech (NASDAQ: BNTX), was down by almost 3%. It's interesting that the fortunes of partners Pfizer and BioNTech, which together developed the Comirnaty vaccine, were diverging so sharply.
On Nov. 15, institutional investors and hedge funds with at least $100 million in assets under management were required to file Form 13F with the Securities and Exchange Commission (SEC). With the latest round of 13Fs, one thing stands out: billionaires were buying stocks hand over fist. Billionaire Ken Griffin is a wildly successful investor who's known for extracting big wins from his firms' options positions.
Bret Taylor named co-CEO alongside Marc Benioff. Yahoo Finance's Jared Blikre discusses.
Shares of Apple (NASDAQ: AAPL) stock closed up 2.2% on Monday following a holiday weekend that featured new commentary on the company and its products from Bloomberg. Last week, if you recall, Apple shares got a boost from reports that the company is planning to build an electric car with autonomous driving capability and also has an augmented reality headset in the works -- one that will be powerful enough to work as a stand-alone device. Well, over the weekend, Bloomberg expanded on these reports, adding that Apple is also working to develop augmented reality (AR) glasses (i.e., something different from the headset) and predicting that consumers (and investors) might get their first look at the AR headset as early as June 2022 if the company decides to unveil it at Apple's planned Worldwide Developers Conference next June.
The stock market was having a rough day on Tuesday, with all three major averages in the red. At 1 p.m. ET, the Dow Jones Industrial Average, S&P 500, and the Nasdaq Composite were all lower by 1.5% or more.
Shares of cruise-line stocks are down again on Tuesday, with Carnival Corporation (NYSE: CCL) sliding 4.6% in 11 a.m. ET trading, and rivals Royal Caribbean (NYSE: RCL) and Norwegian Cruise Line Holdings (NYSE: NCLH) not far behind. As MarketWatch reports today, Moderna CEO Stéphane Bancel is warning that his company's Covid-19 vaccine may suffer "a material drop" in effectiveness at protecting patients from the new omicron variant of the SARS-CoV-2 coronavirus.
AT&T Inc. shares are leading a wireless selloff Tuesday after the company gave a presentation at an investor conference that one analyst said "reinforced market fears" about what its customer-acquisition spending could mean for broader industry trends.
Those following along with Clover Health Investments, Corp. ( NASDAQ:CLOV ) will no doubt be intrigued by the recent...
Fed Chair Powell and Treasury Secretary Yellen give their testimonies to the Senate Banking Committee on the outlook for inflation.
Shares of uranium mining companies Denison Mines (NYSEMKT: DNN), Energy Fuels (NYSEMKT: UUUU), and Uranium Energy (NYSEMKT: UEC) all crashed in Tuesday trading, falling 7%, 8.6%, and a disheartening 11.9%, respectively, through 1:25 p.m. ET. Since hitting its recent high of roughly $48 a pound on Nov. 15, uranium prices have twice more tried to break that barrier and resume their march toward $60 -- and twice failed, according to data from TradingEconomics.com. Today, uranium prices sit at just $47.25 a pound, which, granted, is about 50% higher than their lows of mid-August, but also still a far way away from $60.
Yahoo Finance Live's Julie Hyman breaks down some of the leading national headlines including Microsoft CED Satya Nadella selling half his stake in the company, Amazon allowing a new unionization vote in Alabama, and Lululemon firing back at Peloton with patent infringement lawsuit.
After hitting an all-time high of nearly $300 per share earlier this year, shares of CrowdStrike (NASDAQ: CRWD) have slid sharply recently. Trading at about $225 headed into the company's earnings report later this week, the stock is approximately down 25% from its all-time high. Can tech company's upcoming earnings report help revitalize interest in the stock?
Shares of Meta Platforms (NASDAQ: FB) -- the artist formerly known as Facebook -- tumbled 3.5% in Tuesday afternoon trading, as of 3:20 p.m. ET, after Reuters reported that Britain's Competition and Markets Authority (CMA) has ordered the company to divest itself of the popular GIF website Giphy. Facebook (as it was still known at the time) bought Giphy last year in a deal valued at $400 million, giving itself and its users potentially exclusive access to the company's library of GIFs (short for the Graphics Interchange Format files used to post short, animated images on social media sites). To date, neither Facebook nor its Meta Platforms parent company have prevented users of rival social networks such as TikTok or Twitter from accessing Giphy GIFs on their own sites.
Yahoo Finance's Jared Blikre breaks down how Fed Chair Powell's testimony before Congress is affecting the stock and bond markets.
As I was extolling the virtues of Social Security’s 5.9% COLA, the Centers for Medicare and Medicaid Services (CMS) announced that they were increasing the premium for Medicare Part B by 14.5%. As a reminder, Medicare is composed of two programs. Part A, Hospital Insurance (HI), which covers inpatient hospital services, skilled nursing facilities, home healthcare, and hospice care.