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The Dow Jones traded sharply lower in today's stock market while the Nasdaq composite also fell. Tech stocks led on the downside.
This super investor is going against the herd. Maybe you should, too.
SAO PAULO (Reuters) -Senior Brazilian economy ministry official Caio Mario Paes de Andrade will be the next chief executive of state-run oil company Petrobras, the government said on Monday, replacing a predecessor who served less than two months in the job. Paes de Andrade will take over from outgoing CEO Jose Mauro Coelho, picked to lead Brazil's leading oil company in early April, becoming its fourth chief executive in the past two years. The shakeup is President Jair Bolsonaro's latest bid to influence Petrobras' fuel pricing policy as he seeks to boost his re-election prospects amid galloping energy-driven inflation, according to analysts.
Last week, the S&P 500 finished Friday’s session with a rally that gave the index a small gain of 0.15% for the day. It was a good thing, too, since the index flirted with a net-20% loss during the session. That’s bear market territory, the kind of market move that will further spook investors after a springtime of headwinds. Inflation is running at 40-year high levels, Q1 showed a net economic contraction, Russia’s war on Ukraine promises to further damage supplies and prices in the food, cooki
Mizuho Managing Director Siti Panigrahi checks out Zoom's Q1 earnings, sustaining subscriber growth, and the communications technology company's business outlook.
(Bloomberg) -- Dennis Gartman is telling prospective dip buyers to sell any rallies in US stocks during a bear market that he dates to the start of the year, and expects to last for many months.Most Read from BloombergBroadcom in Talks to Acquire Cloud Company VMwareStocks Climb in Risk-On Day While Bonds Decline: Markets WrapBiden Misspeaks on Taiwan, Says US Military Would InterveneWalmart’s Troubles Should Have Everyone on High AlertGoldman’s Solomon Says Subway Shooting of Employee a ‘Sensel
On an otherwise good day for financial stocks and the markets generally, shares of Upstart (NASDAQ: UPST), a fintech lending platform based on artificial intelligence (AI), were falling today, and were down around 7.2% as of 3:40 p.m. ET. On Friday, Wedbush analyst David Chiaverini, who already had an underperform rating on Upstart, lowered his price target even further, from $20 to $15. Chiaverini cited a Kroll rating of a recent Upstart securitization, or rather a lack thereof, as indicating Upstart's class B and C notes were showing increased delinquencies and credit deterioration.
Dow Jones futures were lower, while tech futures sold off late Monday. Stocks to buy and watch include Tesla supplier Livent.
Shares of Apple (NASDAQ: AAPL) climbed higher on Monday, adding as much as 4.1%. The catalysts that sent shares higher were several reports that were good news for Apple shareholders. A report over the weekend suggested that the iPhone maker is looking to increase its production outside China, according to The Wall Street Journal.
The giants of Wall Street are looking at the same markets tumult, and drawing very different conclusions on when the carnage might end.
These passive income powerhouses, with yields ranging between 5.5% and 12%, can combat historically high inflation and make patient investors richer over time.
To put it tactfully, cruise ship operator stocks haven't been very popular with investors over the past few years. The prognosticator lowered his price targets for both Carnival and Norwegian Monday morning before market open. In his opinion, Carnival is now worth $18 per share; previously, Didora's level was $22.
Catalyst Biosciences Inc (NASDAQ: CBIO) has agreed to sell its portfolio of protease medicines that regulate complement to Vertex Pharmaceuticals Incorporated (NASDAQ: VRTX) for $60 million. "This sale is part of the ongoing strategic process that we announced in February to explore alternatives and create value for shareholders. We have significantly reduced our cash burn and continue to work with our advisors to evaluate additional strategic alternatives for Catalyst," said Nassim Usman, CEO o
Snap stock plunged late Monday after saying the macroeconomic environment has deteriorated further and faster than anticipated.
Cleveland-Cliffs said the Cuyahoga River is the only way for the facility to receive its iron ore shipments.
Snap stock tumbles 30% after warning about deteriorating economy, sending other tech stocks falling. Is Snap the canary in the coal mine?
The Russian ruble has emerged as the best-performing currency in 2022, despite wide-ranging sanctions imposed for its invasion of Ukraine. How did the Russian currency make a dramatic recovery from its record low of 143 rubles to the dollar on March 7? The rally, experts say, is largely artificial, the result of capital controls imposed by Moscow in the wake of Western sanctions.
Princeton University's Board of Trustees fired Classics professor Joshua Katz, the university said in a Monday statement, claiming that the longtime faculty member "failed to be straightforward" during a 2018 investigation into a relationship between Katz and an undergraduate student.
This trio might be ice cold. But Wall Street says they now have up to 86% upside.
Shares of the electric vehicle maker Rivian Automotive (NASDAQ: RIVN) fell this morning, likely because investors were processing news about growing frustration about wait times for customers who've pre-ordered Rivian vehicles. This morning Reuters reported that there's growing frustration among people who have pre-ordered Rivian vehicles -- some orders date back to 2019 -- and are waiting longer to receive their vehicles than people who ordered after them. The report comes just weeks after Rivian said that it would focus some of its production on vehicles with certain colors and wheel accessories in order to maximize production.
Over the last two years, Nvidia (NVDA) has made a habit of delivering “beat and raise” earnings reports. With the chip giant reporting F1Q21’s financials after the close on Wednesday, May 25, are investors in for another treat? Not according to Susquehanna’s Christopher Rolland. “Unlike recent quarters,” said the 5-star analyst, “we believe any significant beat and raise may be capped by Gaming headwinds.” So, what are these headwinds constraining Nvidia’s biggest breadwinner? Well for one, reta
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