Melvin Capital to Close Funds, Return Cash to Investors
The move caps a stunning reversal for a firm that lost big on the surge in meme stocks in the early days of the Covid-19 pandemic.
The big shareholder groups in SoFi Technologies, Inc. ( NASDAQ:SOFI ) have power over the company. Insiders often own a...
Anyway, big tech and crypto news dominated our homepage today, so I have a lot of that for you. When one falls, another falls: Manish is on a roll this week, writing another top story, this time about Voyager Digital, a crypto broker, filing for bankruptcy. Seems Three Arrows owed Voyager Digital some $650 million.
KuCoin founder Johnny Lyu said those data feeds plus mislabeled, on-chain wallets propagated rumors last week that led to the token exodus; ether is flat in Wednesday trading.
Yahoo Finance crypto reporter David Hollerith breaks down the outlook on crypto after European regulators take cryptocurrency meltdowns into consideration, as well as Meta's timeline to discontinue its Novi digital wallet feature by September 1.
Rising home values can quickly transition a reasonable housing market into the type of real estate monster that has consumed places like the San Francisco Bay Area, Los Angeles and New York. While the...
Yahoo Finance's Pras Subramanian explains why Tesla is slowing production in July.
KELLEY BLUE BOOK New car owners are experiencing more problems in the first 90 days of ownership than ever before. Buick took the top spot in the 2022 J.D. Power Initial Quality Study, but the headline isn’t the winner this year.
VettaFi Financial Futurist David Nadig joins Yahoo Finance Live to discuss energy markets ahead of recession fears and fluctuating oil prices, energy ETFs, decarbonization, commodity ETFs, and ESG funds for Gen Z investors.
Close to 12,000 fewer homes sold in April and May compared to the pre-pandemic average.
Stocks are set to veer south post holiday, following earlier optimism over reports President Joe Biden may lower tariffs on some Chinese goods to help ease the inflation sting. There isn’t much to explain the moodiness of stocks, which logged gains on Friday, but weekly losses on worries about a recession spurred on by rising U.S. interest rates. In the U.S., mortgage applications are down 28% from their peak, new home sales are off 17% and housing starts down 13%.
The uber-wealthy investor is thrifty with everything from his breakfast to his house.
The economy is rocky, but high-net-worth individuals aren't worried.
The major indexes rose slightly as Fed minutes held few surprises. Megacap stocks reclaimed key levels. These two Tesla rivals are in buy zones.
HOUSTON (Reuters) -More than 5 million barrels of oil that were part of a historic U.S. emergency reserves release to lower domestic fuel prices were exported to Europe and Asia last month, according to data and sources, even as U.S. gasoline and diesel prices hit record highs. The export of crude and fuel is blunting the impact of the moves by U.S. President Joe Biden to lower record pump prices. Biden on Saturday renewed a call for gasoline suppliers to cut their prices, drawing criticism from Amazon founder Jeff Bezos.
In this article, we will take a look at the 10 notable market movers to watch on Wednesday. If you want to see some other stocks making big moves today, go directly to 5 Notable Market Movers to Watch on Wednesday. Pulp and paper company Resolute Forest Products Inc. (NYSE:RFP), electric vehicle maker Rivian Automotive, […]
(Bloomberg) -- Copper resurfaced above its $7,500 per ton plunge as fears of a global economic slowdown piled pressure on industrial metals and deepened their dive from record highs just months ago.Most Read from BloombergNatural Gas Soars 700%, Becoming Driving Force in the New Cold WarRoaring US Rental Market Shows Early Signs of Slowing DownCiti Says Oil May Collapse to $65 by the Year-End on RecessionOil Plummets Below $100 as Recession Risks Come to ForefrontUS, Allies Discuss Capping Russi
Yahoo Finance Live looks at several of today's top-trending stocks, including Inspira's new non-invasive blood sensor medical device and Peloton's leadership tactics to boost the brand's morale.
In April, Musk and Zilis filed a petition to change the name of the twins to "have their father's last name" and contain their mother's last name as part of their middle name, the report said, citing court documents. A month later, a Texas judge approved the petition, the report added. A court docket summary on the Westlaw legal research service showed a judge signed an "Order Changing the Names Of Multiple Children" on May 11 after the name change petition from Musk and Zilis made on April 25 this year.
The biggest home price drops are likely in Canada and New Zealand, while only a 5% decline is forecast in the U.S.
A drop in PC shipments is coming for the chip market.