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The digital payments industry is ripe for disruption, though the nature and speed of that disruption aren't perfectly clear.
(Bloomberg) -- Ernst & Young LLP admitted that dozens of its audit personnel cheated on the ethics portion of the Certified Public Accountant exam and that the firm misled US regulators probing the misconduct, according to the Securities and Exchange Commission.Most Read from BloombergRussia Slips Into Historic Default as Sanctions Muddy Next StepsMichael Burry of ‘The Big Short’ Fame Warns Fed May Alter CourseBig Tech Sinks Stocks Bruised by Recession Fears: Markets WrapA $2 Trillion Free-Fall
Taiwan-based hardware analyst Ming-Chi Kuo says Qualcomm will hold on to 100% of the Apple modem supply for the 2023 iPhones. Qualcomm shares were trading sharply higher Tuesday on a report that Apple’s push to develop modem chips for the iPhone “may have failed,” and that Qualcomm will remain the exclusive supplier of 5G chips for phones to be launched in the 2023 second half. Writing on Twitter, the Taiwan-based hardware analyst Ming-Chi Kuo said that Qualcomm (ticker: QCOM) will hold on to 100% of the Apple (AAPL) modem supply for the 2023 iPhones vs the company’s own previous estimate of 20%.
Shares of the online car-buying company Carvana (NYSE: CVNA) were plunging this morning, likely after a Barron's article published over the weekend said that the company, in some cases, sold cars before it even had the title to them. Barron's said in its reporting that Carvana was selling cars too quickly during the pandemic, when demand for buying a car online soared, which led to problems in receiving the proper title for vehicles for some customers. Apparently, enough people have experienced this problem that a lawsuit is being brought against the car seller, saying that some customers went years without legally being able to drive vehicles purchased from Carvana.
Hotshot investor Cathie Wood, chief executive of Ark Investment Management, has said repeatedly in recent weeks that we're headed for disinflation soon. Consumer prices soared 8.6% in the 12 months through May, a 40-year high. "We were wrong on one thing and that was inflation being as sustained as it has been," Wood told CNBC.
In this article, we discuss the top 10 stocks to dump now according to hedge funds as they brace for impact. If you want to see more stocks in this list, click Hedge Funds Brace for Impact: Top 5 Stocks to Dump Now. Elite hedge funds in the United States are exceedingly cautious with their […]
A panel of experts will vote Tuesday on whether to recommend omicron boosters, potentially rocking a slew of vaccine stocks.
(Bloomberg) -- Cathie Wood on Tuesday said she erred in her prediction inflation would unravel as the prices of goods and services in the US soared to 40-year highs and said the US economy is currently in a recession.Most Read from BloombergRussia Slips Into Historic Default as Sanctions Muddy Next StepsMichael Burry of ‘The Big Short’ Fame Warns Fed May Alter CourseBig Tech Sinks Stocks Bruised by Recession Fears: Markets WrapA $2 Trillion Free-Fall Rattles Crypto to the CoreAnti-Abortion Cente
Despite tough odds, plenty of doubters, and regular criticism over its actions, Tesla (NASDAQ: TSLA) has developed into the leading manufacturer of electric vehicles globally. The automaker has grown rapidly, and so has its share price. Like all stock splits, the increase in the number of shares and the resulting share price drop doesn't actually change the intrinsic value of each share or of the company overall.
Not a lot of positives surround Shopify at the moment. Unfortunately for many investors, that disappointment is not limited to just Shopify, but also includes most growth stocks at the moment. Many growth stocks are down 60% to 70% or more.
We’re facing a maelstrom of conflicting currents in the markets today, with a series of headwinds running head-on into each other. Consumer sentiment is low – in fact, at the lowest levels ever recorded, with 79% of consumers expecting economic conditions to get worse in the coming year. Inflation is high, at levels not seen since 1981, and is expected to remain elevated through the end of 2023. Fuel prices are major driver with the national average for a gallon of gasoline exceeding $5. The hou
Apple’s efforts to replace Qualcomm as a supplier of 5G modem chips for its iPhone reportedly have hit a snag.
In this article, we discuss the 10 best dividend stocks for inflation. You can skip our detailed analysis of these stocks and the current market situation, and go directly to 5 Best Dividend Stocks For Inflation. The current market situation is intense, and could potentially worsen with further rate hikes as warned by the Fed. […]
A new set of reforms to America’s retirement tax and savings plans passed a key hurdle in Congress last week. Variously known as the SECURE Act 2.0, the EARN Act and the RISE & SHINE Act, the measures will make changes to rules around IRAs, 401(k)s and other tax-privileged retirement plans. They barely address the biggest retirement crisis facing the U.S.
(Bloomberg) -- Russia’s reliance on foreign software to run its factories, farms and oil fields is turning into one of the biggest headaches for domestic industry as more IT providers pull out of the market in response to President Vladimir Putin’s invasion of Ukraine. Most Read from BloombergRussia Slips Into Historic Default as Sanctions Muddy Next StepsMichael Burry of ‘The Big Short’ Fame Warns Fed May Alter CourseBig Tech Sinks Stocks Bruised by Recession Fears: Markets WrapA $2 Trillion Fr
Among the high-profile stocks splitting their shares in 2022, these three offer the most attractive long-term growth prospects.
Suze is bearish — but not on everything.
Not everyone can afford to live on fixed incomes as prices rise.
CFRA VP and Equity Analyst Garrett Nelson joins Yahoo Finance Live to talk about Tesla's position in the auto industry, brand loyalty by consumers in the EV space, competition with the Ford F-150 Lightning and the Cybertruck, and the impact of CEO Elon Musk's interest in Twitter on the EV developer.
One thing we could say about the analysts on Devon Energy Corporation ( NYSE:DVN ) - they aren't optimistic, having...
Rio Tinto Group (LON:RIO) has had a rough three months with its share price down 14%. However, a closer look at its...
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