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Under the new agreement, Absci will be eligible to receive up to $610 million in upfront fees and milestone payments.
Shares of the video game retailer GameStop (NYSE: GME) had popped nearly 26% as of 1:37 p.m. ET today as excitement over a potential short squeeze rose on social media. GameStop is the pioneer of the meme-stock movement that took 2021 by storm, so the stock is heavily susceptible to big random moves up and down. Today, it looks like interest in the stock on social media is building, as short interest has risen to the highest it's been in more than a year, according to analytics company Ortex.
Longtime homeowners and those whose property value has skyrocketed could be in for a particularly nasty surprise. Here are some ways to reduce the tax bill.
Yahoo Finance's Jared Blikre examines Nvidia's Q1 earnings report and its stock movements in comparison to the rest of the semiconductor industry.
Broadcom said Thursday it reached a deal to buy cloud-computing company VMware for about $61 billion. It would take second place behind Microsoft ( MSFT ) announced acquisition of Activision Blizzard ( ATVI ), which at nearly $70 billion would break records as one of the largest tech acquisitions. Broadcom (ticker: AVGO) stock was down 1.8% in premarket trading, and VMware (VMW) gained 1% to $121.71.
When the markets take a dive, your retirement savings could drop with them. Here is a four-step plan to beat the bear.
Yahoo Finance Live's Seana Smith looks at Costco shares ahead of the retailer's earnings report coming out tomorrow.
DEEP DIVE The stock market, shocked by the Federal Reserve’s policy changes to fight inflation, has been gored this year, with growth and technology companies bearing the brunt of the biggest declines.
Yahoo Finance Editor-at-Large Brian Sozzi is joined by NYSE Vice Chmn. & Chief Commercial Officer, John Tuttle at the 2022 World Economic Forum in Davos, Switzerland as they discuss the forum and the state of the market.
(Bloomberg) -- Alibaba Group Holding Ltd. reported a better-than-expected 9% rise in revenue after Chinese consumers turned to online malls for basic needs during Covid lockdowns across the country.Most Read from BloombergFed Saw Aggressive Hikes Providing Flexibility Later This YearRare Ship-to-Ship Transfers Keep Oil Moving From Russia to ChinaBiden Demands US ‘Stand Up’ to Gun Makers After Texas AttackThese Are the Best — and Worst — Cities for Work-Life BalanceWhy So Few Big Rats Have Fled P
Stock markets have been bearing the brunt of multiple headwinds in recent months. Persistently high inflation, slowing GDP growth, and a jobs market that, while expanding in absolute terms, is still down from pre-pandemic levels are feeding fears that we’re facing a round of ‘70’s-style stagflation. And these have combined with geopolitical factors – the Russia-Ukraine war, the resumption of severe lockdown policies in China – to ratchet up worries about recession in the near term. It’s a tradin
Elon Musk-led electric-vehicle giant Tesla has slipped to third place among largest holdings in ARK Invest’s flagship exchange-traded fund, falling behind Roku and Zoom after the company lost its top spot last week.
The stock market could help you retire as a millionaire if you pick the right companies and hold them in your portfolio for a long time, as doing so will help you gain from the power of compounding and evolving trends in various industries. For instance, a $50,000 investment in Amazon a decade ago is worth about $500,000 now thanks to the stock's nearly 900% gains over the past decade, and that's after accounting for the steep drop in the e-commerce giant's stock price in recent months. Amazon, however, is not the only company that has generated solid returns for investors over the past decade.
Wednesday was yet another strong day for oil and gas stocks, but shares of natural gas companies stood out, with many soaring by double-digit percentages. Range Resources is a Texas-based natural gas exploration and production company with major operations in the Marcellus shale in Pennsylvania. The company also produces natural gas liquids and crude oil, but almost 70% of its production is natural gas.
The current market conditions – the NASDAQ is down 28% year-to-date, and the S&P 500 is down 17% – offer bargain hunters a target-rich environment. Plenty of sound stocks have seen their prices decline, pulled down by the general market headwinds and the overall stock trend, to levels that have left them too cheap to ignore. At this level, investors can find the benefits of cheap stocks, like those under $10, which offer both learning opportunities and huge upside potential. However, in evaluati
The semiconductor titan is dealing with some near-term macroeconomic challenges, but its long-term future remains bright.
Royal Bank of Canada (TSX: RY) (NYSE: RY) announced today that its board of directors has declared an increase to its quarterly common share dividend of eight cents or seven per cent, to $1.28 per share, payable on and after August 24, 2022, to common shareholders of record at the close of business on July 26, 2022.
Macy’s earns an adjusted profit of $1.08 a share in the quarter, well above the 39 cents in the year-ago period, on revenue of $5.35 billion.
Twitter did not provide any details about the proposed takeover offer from billionaire Elon Musk at its annual shareholder meeting.
Apple (NASDAQ: AAPL) has remained resilient through much of the market's turbulence over the past year. Apple's revenue growth has fluctuated over the years. You can see in the chart below that Apple's coming off a period of elevated revenue growth.
Financial officials described cryptocurrencies as unreliable and worthless, with one even comparing them to pyramid schemes.
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