Earlier this year, in May, claims were made that Microsoft Corp co-founder Bill Gates owned the majority of America’s farmland. While that is false, with the billionaire amassing nearly 270,000 acres of farmland across the country, compared to 900 million total farm acres, a different billionaire privately owns 2.2 million acres, making him the largest landowner in the U.S. John Malone, the former CEO of Tele-Communications Inc., which AT&T Inc. purchased for more than $50 billion in 1999, has a
All of the major indexes fell into bear market territory at various points this year with the Nasdaq Composite taking one of the bigger hits. Many Wall Street experts expect the bear market, or at the very least a correction, to stay with us well into 2023 as a recession looms. Analysts at Bank of America (NYSE: BAC) said the S&P 500 could fall to 3,240 by April, which would be a roughly 18% decline from current levels, before climbing back to around 4,000 by the end of the year -- which is essentially where it is now.
Nio will need to show record monthly vehicle deliveries in December by a large margin to hit even the low end of its prior estimates.
Worried about the prospect of a recession coming next year? Well, that sounds like a mild scenario, if Michael Burry’s prognosis is anything to go by. The investor whose famous bet against the US housing market was documented in “The Big Short,” thinks a ‘multi-year recession’ is potentially in the cards – and one more severe than currently expected. This statement follows previous warnings regarding the economy, such as predicting last year that the ‘mother of all crashes’ is coming, while also
Sam Bankman-Fried's ambition for celebrity endorsements might have snared the "Anti-Hero" singer, but she proved to be smarter than a lot of other famous people.
This week has not been a fun time to own shares of Carnival (NYSE: CCL) (NYSE: CUK). Including today's 3.4% slide through 1 p.m. ET, Carnival stock has lost more than 10% of its value since the week began. On Tuesday, you see, investment banking heavyweight J.P. Morgan waded back into the cruise space with a trio of stock initiations.
The rollercoaster ride continues in the stock market, and equities have been falling across the board this week. The S&P 500 is down 3.5%, and the Dow has lost some 870 points. The market drop was fueled by uncertainty; recent economic data has been unexpectedly positive, and it’s clouded the forecast for the Fed’s interest rate decision next week. The central bank’s twin mandates, to rein in inflation and to moderate unemployment, frequently run counter to each other, and with inflation running
Whether Santa eventually comes or not is still to be determined, with Mr. Claus perhaps postponing a decision until next Tuesday’s CPI release. Strategists led by Greg Boutle, head of U.S. equity and derivatives strategy, are expecting a capitulation event next year. “This would be a departure from the current bear market regime, which has been characterized by a grind lower in equities as P/E multiples have contracted,” they say.
The board of AbbVie Inc. ( NYSE:ABBV ) has announced that it will be paying its dividend of $1.48 on the 15th of...
Marc Benioff became frustrated about how his co-CEO Bret Taylor, who is set to exit the role, was spending his time, people familiar with the executives said.
Energy Transfer LP (ET) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
Should investors prepare for a winter full of persistent headwinds? Inflation remains high, rising interest rates are putting a squeeze on capital as well as making consumer credit more expensive, and both the China COVID lockdowns and the Russian war in Ukraine continue to crimp global supply chains. But even though the markets are facing serious headwinds, not every stock is going to react by falling. According to the analysts at Wall Street giant Deutsche Bank, two interesting stocks are like
Warner Bros. Discovery (NASDAQ: WBD), formed earlier this year when telecom giant AT&T spun off WarnerMedia and merged it with Discovery, has all the makings of a media giant. The company's stable of intellectual property and assets is formidable: HBO, DC Comics, Warner Bros.' films, linear TV channels including CNN, TBS, TNT, Cartoon Network, HGTV, TLC, Discovery, and many more, and rights to broadcast NBA games all fall under the company's umbrella. Warner Bros. Discovery is also already a major player in streaming.
In this article, we discuss 12 very high-yield dividend stocks to buy now. You can skip our detailed analysis of high-dividend stocks and their performance, and go directly to read 5 Very High-Yield Dividend Stocks To Buy Now. The soaring inflation and consistent interest rates hike have analysts worried about a full-blown recession in the […]
On a bad day for most stocks, shares of electric-vehicle-related ChargePoint Holdings (NYSE: CHPT) and QuantumScape (NYSE: QS), and hydrogen fuel cell maker Plug Power (NASDAQ: PLUG) are down between 6% and 8%. There isn't any big news out from -- or about -- any of these three companies today that is the specific cause for any of their share-price declines. The most recent news is from ChargePoint, the EV charging station company, which reported third-quarter results on Dec. 1, with a 93% increase in revenue, but continues to report big losses.
While speaking at Benzinga’s Future of Crypto event, investments in and by FTX were discussed as one of the biggest topics impacting the cryptocurrency sector. Kevin O’Leary was an investor in FTX and Anthony Scaramucci’s Skybridge Capital received an investment from FTX. Both shared their takeaways from the event of FTX and what happened with Sam Bankman-Fried. FTX Investments: Scaramucci said that many did not see warning signs with 25 of the greatest venture capitalists investing in FTX. Acco
The market rally is holding key levels, but the choppy action is dangerous. Tesla stock fell toward bear market lows amid new China discounts.
In this article, we discuss the 13 best gold stocks to buy for recession. If you want to read about some more gold stocks, go directly to 5 Best Gold Stocks To Buy For Recession. According to a report by S&P Global, the sentiments for gold investment have risen over the past few months due […]