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BCS earnings call for the period ending September 30, 2021.
Wall Street skidded lower on Black Friday as investors reacted to fresh travel bans related to a variant of the coronavirus that causes COVID-19 called B.1.1.529, that has been identified in South Africa.
Buffett is taking profits off the table. It might be time to do the opposite.
In this article, we discuss the 10 stocks that top hedge funds are selling. If you want to skip our detailed analysis of these stocks, go directly to Top Hedge Funds are Selling These 5 Stocks. Despite rising inflation and supply chain problems that have wreaked havoc with the United States economy in the past […]
Instead of lasting decades, the average American's savings will last about three years.
Demand for electric vehicles in China is apparently so strong that Tesla has decided to invest $188 million to expand production capacity at its Shanghai factory. It's so high that Tesla is putting 4,000 more people on the payroll at the site, as Reuters reported Friday morning. Tesla initially wanted its Shanghai factory to produce 500,000 cars per year -- and it already has the capacity to manufacture 450,000 Model 3 sedans and Model Y crossovers annually.
Investors' holiday cheer received a rude interruption on Thanksgiving Day 2021: In South Africa, a new coronavirus variant is rising -- and it's terrifying investors with fears of a prolonged cruise industry recession. Shares of Carnival Corporation (NYSE: CCL) (NYSE: CUK), Royal Caribbean (NYSE: RCL), and Norwegian Cruise Line Holdings (NYSE: NCLH) sank in quick succession as of 10:10 a.m. ET today, falling 10%, 10.2%, and 10.3%, respectively. Initially detected in South Africa, reports CNN, the virus has also popped up in neighboring Botswana and in Hong Kong (carried there apparently by a traveler from South Africa).
Nio is a Chinese stock, and that's just one of the reasons investors in the EV maker are worried.
The Dow Jones Industrial Index (^DJI) settled down 905 points (2.53%) in its worst post-Thanksgiving Day performance since 1931
Stifel Chief Equity Strategist Barry Bannister joins Yahoo Finance Live to discuss the investor implications of a newly discovered COVID-19 variant as we enter the second winter of the pandemic.
CEO Arvind Krishna is taking a page from Microsoft’s hugely successful playbook, doubling down on the cloud and artificial intelligence.
It’s exactly what investors didn’t want to hear as we close in on two years since the pandemic first reared its ugly head in China. A team at Saxo Bank advises traders to “tread with extreme care, given that near term volatility risks are extreme on the unfortunate timing, particularly giving the sudden shift in focus that this news brings relative to recent themes and current market positioning.” The one mercy for Friday is that it’s a shorter session for Wall Street.
Investment bank Wedbush is reporting this morning that despite chip deficits and supply chain hurdles, the tech giant is on pace to sell 10 million iPhones this Black Friday weekend. As The Fly reports this morning, Wedbush analyst Daniel Ives is "seeing shortages in many Apple stores" -- which sounds like bad news, but is actually more evidence that Apple's iPhones are selling like proverbial hotcakes. In fact, according to the analyst, "10 million iPhones" could be just the beginning of the good news; through Christmas, Ives thinks Apple could move as many as 40 million units.
The new virtual world presents unparalleled opportunities for humanity, and that's a major opportunity for these companies.
While prices could spiral out of control, demanding a hawkish response from the Federal Reserve, it is more likely the central bank won’t be able to hike rates next year, given the economy’s frailty.
Traders clicked the sell button on hydrogen stocks due to fears that their growth could face a fresh impediment.
Chapwood Investments Managing Partner Ed Butowsky shares his views on Friday's market selloff, asserting an "overvalued" market and providing areas that investors should avoid.
Yahoo Finance's Seana Smith details some headlines that we are watching on Friday.
Investors sought shelter in the COVID-19 vaccine maker's shares.
The Dow Jones suffered its worst day of 2021 amid new Covid fears. Moderna stock popped. A Warren Buffett stock rebounded higher.
News of a new coronavirus variant in South Africa sent stock markets reeling on Friday, with the Nasdaq Composite off 2% and the Dow Jones Industrial Average down 2.7% as of noon ET. After all, this morning saw a new upgrade for Nvidia shares from First Shanghai bank, which raised its recommendation on the stock to buy and set a new $380 price target that's a good 21% above where the stock trades today. Separately, analysts at Bank of America reiterated their own buy rating on Nvidia stock, predicting that semiconductor "supply could remain constrained through the 1H 2022 as demand continues to be robust and supply continues to be unable to keep up," as StreetInsider.com reported this morning.