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The full effects of the Covid pandemic on the office market are still playing out, but two recent transactions show institutional investors remain bullish on Austin. That included the $174 million purchase of a 20-story high-rise on Congress Avenue previously owned by Cousins Properties.
These companies produce the only thing that matters.
SpaceX paid $250,000 to settle a sexual misconduct claim against Elon Musk after a flight attendant on the company’s corporate jet accused the CEO of exposing himself to her mid-flight, Insider reports.
Rising interest rates, supply chain constraints and Russia’s invasion of Ukraine are all issues currently plaguing the macro climate. The problem with all three, says Tony Dwyer, Canaccord Chief Market Strategist, is that for each problem there’s “no easy exit strategy.” The tough conditions are likely to persist, then. However, on the plus side, while these issues have sent most corners of the stock market into a tailspin, now investors are presented with stocks for which the term “oversold” re
Companies could be returning trillions to shareholders. Here’s how to accept it.
As of 2:30 p.m. ET, the Naz was up a fraction of 1% -- but Apple stock was down 2.2%. On the one hand, yes, some of the Apple news today is not great. As TheFly.com reports, Bank of America shaved $15 off of its price target on Apple stock this morning.
(Bloomberg) -- China’s almost-trillion dollar hedge fund industry risks worsening the turmoil in its stock market as deepening portfolio losses trigger forced selling by some managers.Most Read from BloombergOne of the World’s Frothiest Housing Markets Turned Into a Seller’s Headache OvernightChina in Talks With Russia to Buy Oil for Strategic ReservesApple Shows AR/VR Headset to Board in Sign of Progress on Key Project Target and Walmart’s Deep Pain Could Be Your GainWalmart Flashes a Warning S
Novavax (NASDAQ: NVAX) investors are no strangers to tragedy. On Feb. 9 in 2021, shares of the coronavirus vaccine developer hit their all-time high of $331.68. Are longtime shareholders doomed to heavy losses forever, or will Novavax return to its glory days?
Yahoo Finance's Dan Howley reviews how Twitter executives are going through with the acquisition deal with Tesla CEO Elon Musk, in addition to Musk's concerns on the platform's bot accounts.
Nio (NYSE: NIO) stock opened steady this morning and looks set to end the week on a solid note -- shares of the electric vehicle (EV) manufacturer were trading 5% higher Thursday and are up almost 26% so far this week, as of 11:30 a.m. ET today. Nio is about to list its shares on a third stock exchange, and this move comes just days ahead of its expected quarterly earnings release. After listing in Hong Kong in March, the company is all set to debut in Singapore tomorrow, according to an update from CnEVPost, a China-based website focused on new energy vehicles.
Investor sentiment has cratered in recent times in the wake of 40-year-high inflation, the Federal Reserve's decision to raise interest rates in response, and prolonged concerns in connection to Russia's invasion of Ukraine. With investors flocking to value stocks and safer assets for protection, shares of fast-growing technology companies have been especially crushed. The company's pullback has attracted the attention of CEO Anthony Noto.
‘I realize I will have to pay some fairly large taxes due to the gains on the stock, so I need to factor that into the sale as well.’
Since early this year, Wall Street has faced a storm of macro headwinds that have turned last year’s bullish run into a bearish trend. Year-to-date, the NASDAQ is down 27%, and the S&P, with a loss of 18%, is not far behind. The drop in the markets comes along with gains in Treasury bonds – the 10-year Treasury note rate is nearly up to 2.9%. In a thumbnail summary, we can say that last year, investors looked at the markets through TINA’s (there is no alternative) eyes; now, conditions are start
Inflation is running hot. Farmland can help your portfolio with that.
(Reuters) -An S&P Dow Jones Indices executive told Reuters on Wednesday it has removed electric carmaker Tesla Inc from the widely followed S&P 500 ESG Index because of issues including claims of racial discrimination and crashes linked to its autopilot vehicles, and Tesla CEO Elon Musk responded with harsh tweets including that "ESG is a scam". In it changes, effective May 2, the sustainability index also added soon-to-be-Musk-controlled Twitter Inc and oil refiner Phillips 66 while dropping Delta Air Lines and Chevron Corp, according to an announcement. The back-and-forth over the index changes reflects a wider debate about the metrics used to judge corporate performance on environmental, social and governance (ESG) issues, a growing area of investing.
The volatility for stocks is heating up, but how likely is it that we'll actually get a 40% plus drop as some think? It all depends on this, says Evercore.
Harley says it is pausing the all of its production and shipments, except for its electric LiveWire line.
Investors weren't overjoyed about a fresh debt offering announced by Carnival, and a bearish new note from an analyst didn't help, either. After market hours on Wednesday, Carnival announced that it is floating a private offering of $1 billion worth of senior unsecured notes. Carnival says it plans to use the net proceeds of the issue to make scheduled principal payments on debt during fiscal 2023 and for general corporate purposes.
Brazilian President Jair Bolsonaro and business magnate Elon Musk are scheduled to meet in Sao Paulo on Friday, Brazilian daily O Globo reported late Thursday. The two will discuss a potential partnership on rural connectivity and deforestation monitoring, according to O Globo. The meeting follows a meeting of the SpaceX and Tesla chief executive with Brazilian Communications Minister Fabio Faria in November in Austin, Texas.
Warren Buffett loves Apple but Berkshire Hathaway’s big holding in the iPhone maker is hurting: Apple shares are down about 20% this quarter. B) had roughly 911 million Apple shares on March 31 and that position is down about $30 billion since then, assuming no change in the holding. The Apple drop accounts for the bulk of what Barron’s estimates is about $45 billion of paper losses this quarter in Berkshire’s huge equity portfolio, which stood at $390 billion on March 31.
Stocks are tumbling. But buying the dip doesn’t work in a bear market, and neither does simply scooping up shares of beaten-down companies.
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