Shares of toymaking company Funko (NASDAQ: FNKO) surged 21.7% through noon ET Friday after the company reported much-stronger-than-expected (read: "much-less-weak-than-expected") financial results yesterday evening. Analysts had forecast that Funko would lose a staggering $0.92 per share on sales of only $235.6 million for its first quarter of 2023. Funko lost $0.49 per share, and its quarterly sales were $251.9 million.
While it stood pat this time, the Federal Reserve has raised rates 11 times in this cycle.
Peter Brown, CEO of Renaissance Technologies, said during a podcast discussion that his approach was different to competitors.
(Bloomberg) -- While Chinese tech companies have long harbored ambitions to move into the electric car industry, EV upstart Nio Inc. has gone the other way — on Thursday releasing its first mobile phone. Most Read from Bloomberg‘Dead Space’ Co-Creator Departs Startup After Newest Game FlopsPassalacqua in Italy’s Lake Como Is Named Best Hotel in the WorldEx-Goldman Bankers Make a Fortune With Controversial Bet on CoalVegas’ Newest Resort Is a $3.7 Billion Palace, 23 Years in the MakingCanada Redu
The stock market's initial reaction to the Fed's decision to leave interest rates unchanged was negative as indexes sank to session lows. Small caps still led the stock market, with the Russell 2000 up 0.4%. The Dow Jones Industrial Average was up 0.4% as IBM jumped 2.6% to its highest level since December 2022.
Warren Buffett had some advice for American Express CEO Steve Squeri at the start of the pandemic.
Chipmaker Nvidia Corp. is betting on India to become one of the world's biggest artificial-intelligence centers. And Infosys Ltd. said this week the Indian tech firm will collaborate with Nvidia to provide generative AI-based services. Saritha Rai reports on Bloomberg Television.
(Bloomberg) -- For active managers, the math is stark. Out of thousands of mutual funds, literally only one beat the Nasdaq 100 over the last five, 10 and 15 years. It did so by boiling down stock picks to about two dozen companies and riding almost all of them to gains.Most Read from BloombergVegas’ Newest Resort Is a $3.7 Billion Palace, 23 Years in the MakingFed Set to Pause Rate Hikes, But Don’t Count Out Another IncreaseTrudeau’s Murder Claim Risks Upending US Courtship of IndiaDollar Rally
Medical Properties (MPW) closed at $6.02 in the latest trading session, marking a -1.15% move from the prior day.
Dividend stocks are the multi-purpose tool of the markets. They offer investors a two-pronged path towards profitable returns, including a measure of defense against tough market conditions along with a steady source of passive income. It’s an attractive combination. The best dividend stocks will give an inflation-beating income based on the dividend alone, backing it up with a long-term history of reliable payments. It’s a win-win situation for investors: when the stock goes up, you’ll make mon
Discover how Warren Buffett spends his multibillion-dollar fortune and amassed his $134 billion net worth, which grew by over $16 billion this year.
A legal team that forced Tesla's directors to agree in July to return more than $700 million in compensation to the automaker for allegedly overpaying themselves are now seeking a huge payday of their own. The lawyers want a judge to approve $229 million in fees, or $10,690 an hour, according to a Sept. 8 filing in Delaware's Court of Chancery. The sum would be distributed among lawyers from four firms that spent several years building a case against the compensation paid to Tesla's directors from 2017 to 2020.
"I see far more bullish indicators for stocks than I do bearish. And what I think is interesting is that every day a new bearish narrative emerges."
(Bloomberg) -- More colleges and universities in the US are headed for closures or mergers, with enrollment declining across higher-education institutions, according to Fitch Ratings Inc.Most Read from Bloomberg‘Dead Space’ Co-Creator Departs Startup After Newest Game FlopsVegas’ Newest Resort Is a $3.7 Billion Palace, 23 Years in the MakingNearly Half of All Young Adults Live With Mom and Dad — and They Like ItFed Set to Pause Rate Hikes, But Don’t Count Out Another IncreaseStocks Fall as Yield
Shares of companies that treat everything from Type 2 diabetes to sleep apnea have been sinking since new weight-loss medications skyrocketed.
Both PayPal (ticker: PYPL) and Block (SQ)-owned Square will have new chief executives in the coming weeks. While PayPal’s shift was part of a succession plan communicated to Wall Street earlier this year, Square’s transition was more sudden, with plans announced via a regulatory filing after this past Monday’s close. The onset of the pandemic led to a surge in e-commerce and contactless payments—areas where PayPal and Block operate—and aspirations well beyond their core competencies.
(Bloomberg) -- Apple Inc.’s major suppliers in Taiwan suffered another double-digit sales decline in August as weak consumer demand dragged down the wider electronics industry.Most Read from Bloomberg‘Dead Space’ Co-Creator Departs Startup After Newest Game FlopsPassalacqua in Italy’s Lake Como Is Named Best Hotel in the WorldEx-Goldman Bankers Make a Fortune With Controversial Bet on CoalVegas’ Newest Resort Is a $3.7 Billion Palace, 23 Years in the MakingCanada Reduces Number of Diplomats in I
You don't have to give up big dividends if you like S&P 500 tech stocks. It's possible to get both.
The company set out to design a silicon chip that would allow it to cut ties with Qualcomm, a longtime supplier and bitter foe.
I turn 58 this year and am at a loss for what to do or how to plan for my retirement. I only have a small amount of money invested through previous employers, and I'm not sure how to save … Continue reading → The post Ask an Advisor: I'm Way Behind on Retirement Savings. What Do I Do? appeared first on SmartAsset Blog.
Brent crude futures, the international benchmark, have jumped over the past month to a recent $93 per barrel.
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