Grayscale Bitcoin Trust, arguably, the granddaddy of crypto funds, fulfilled a long-held ambition earlier this week---at least by name.
Shares of e-commerce technology-darling Shopify (NYSE: SHOP) were down 7.6% today as of 11:50 a.m. ET. The broader market indices had clawed back steep early losses, but no such luck for Shopify, as richly valued names continue to get punished. The drop is particularly confounding because Shopify just inked a deal with Chinese e-commerce giant JD.com (NASDAQ: JD).
The start-up battery maker for electric vehicles is exploring other options, and the market isn't impressed.
Hennion & Walsh Chief Investment Officer Kevin Mahn joins Yahoo Finance Live to discuss low trading sessions during market volatility, how investors should listen to their risk tolerance, what investment opportunities are making themselves known, and high interest rates.
For the fourth day in a row, semiconductor stock Nvidia (NASDAQ: NVDA) fell in trading today -- and was down 2.6% as of 10:30 a.m. ET. While still at its core a graphics chip manufacturer, in recent years Nvidia's chips have become increasingly popular for use in cryptocurrency mining. Problem is, cryptocurrencies are flagging today, with Bitcoin, for example, down nearly 12% over the past 24 hours and Ethereum falling nearly 15%.
On Wednesday, Jan. 26, Tesla (NASDAQ: TSLA) will report its Q4 earnings for fiscal year 2021 -- so the fact that Tesla stock is falling today doesn't portend particularly well. As of 11 a.m. ET, Tesla stock is trading down 2.5% -- about five times worse than the decline on the broader Nasdaq index. Why Tesla stock is down isn't immediately clear.
Prominent market technician Ralph Acampora says the recent bout of market volatility has him uneasy and now he's forecasting a deeper drop in the market.
The surface of the S&P 500 makes markets look calm. But look down just one layer, and you see some serious pain.
The yield-sensitive Nasdaq Composite Index on Wednesday logs its first close in correction territory since March. Here's what history says happens next.
Arrival (NASDAQ: ARVL) is one of many fledgling electric vehicle (EV) companies that merged with a blank check company to raise funds and go public in 2021. The company has aspirations to supply zero-emission electric buses to municipalities and commercial vans to businesses. The sell-off in Arrival stock is continuing today, with shares down 12.4% as of 1:56 p.m. ET.
The U.S. is approaching the end of a 'superbubble,' potentially leading to the largest markdown of wealth in its history when pessimism returns to rule markets, according to legendary investor Jeremy Grantham.
In this article, we will discuss the 10 stocks that Izzy Englander has sold in Q3. You can skip our detailed analysis of his hedge fund and recent developments, and go directly to read Billionaire Izzy Englander is Selling These 5 Stocks. Israel Englander is one of the most prominent hedge fund managers of all […]
On Thursday, a flirtation with a respectable comeback a day after entering correction territory proved short-lived, with the Nasdaq Composite (COMP) notching another ugly reversal on Thursday. Thursday’s move appeared to be a head-scratcher for some participants as it seemed likely that the technology-laden Nasdaq Composite might finally finish higher, with momentum buoying the Dow Jones Industrial Average (DJIA) and the S&P 500 (SPX) benchmarks and bargain hunters swooping in. Read: The Nasdaq Composite just logged its 66th correction since 1971.
Head of CIO portfolio strategy for Merrill and Bank of America Private Bank Niladri Mukherjee joins Yahoo Finance Live to give an outlook on the market for this week.
(Bloomberg) -- Selling has gotten intense enough in stocks that volatility indexes are pricing more turbulence in the here and now than in the future. The setup, known as an inverted VIX, is sometimes viewed as a positive for those hoping markets will calm.Most Read from BloombergJeremy Grantham Doubles Down on Crash Call, Says Selloff Has StartedTech Selloff Leads Stocks Lower; Bitcoin Sinks: Markets WrapAmerican Airlines Sues The Points Guy Over Its Rewards Management AppCrypto Selloff Pushes
Rivian Automotive (NASDAQ: RIVN) isn't giving its shareholders any respite -- the electric vehicle (EV) stock was down by 22.6% for the week as of 10:30 a.m. ET Friday, according to data provided by S&P Global Market Intelligence. At this point, Rivian has declined by a whopping 41% year to date. Given that the market had already been warned, investors shouldn't have been surprised when Rivian announced the actual numbers.
Novavax has been both a promising and frustrating stock to own recently. It's promising in the sense that its COVID-19 vaccine candidate could give the company a slice of what's proving to be a very large pie. The frustrating part about Novavax is that it has continually pushed back its schedule for applying to the U.S. Food and Drug Administration (FDA) for an Emergency Use Authorization (EUA).
BioNTech (NASDAQ: BNTX) stock is taking the worst drubbing, down 19.7% as of the market close on Thursday. Moderna's (NASDAQ: MRNA) shares were sinking 17.2%. Novavax (NASDAQ: NVAX) and Ocugen (NASDAQ: OCGN) stocks were falling 18.5% and 16.2%, respectively.
Russia may be considering a ban on cryptocurrencies, which might be negatively impacting the price of the world's largest cryptocurrency by market capitalization: Bitcoin. For its part, Bitcoin is down about 11% over the past 24 hours, as of 2:45 p.m. ET.
Each of these stocks looks expensive on the surface, but a closer look shows justification for the premium prices.
The narrative around Block (SQ) right now is one that is not unique in the fintech space. A changing macro environment, concerns over decelerating growth, and difficult comps after the pandemic-driven growth are all reasons why sentiment has soured on this name. But sentiment is not set in stone, at least if there’s enough evidence to support the notion the various concerns can be addressed. Assessing this previous high-flyer’s prospects, Deutsche Bank’s Bryan Keane thinks there are enough reaso