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EV stocks are hot for good reason as the industry rapidly takes market share from gasoline-powered rivals.
(Bloomberg) -- Berkshire Hathaway Inc.’s Charlie Munger told a conference Friday that markets are wildly overvalued in places and that the current environment is “even crazier” than the dotcom boom of the late 1990s that subsequently led to a bust. Most Read from Bloomberg‘Ghost Signs’ Haunt London’s Reviving NeighborhoodsReliving the New York Subway Map DebateAutomating the War on Noise PollutionChina Cash Flowed Through Congo Bank to Former President’s Cronies‘Pension Poachers’ Are Targeting A
Each of these stocks has been "trampled on unjustly," the Mad Money host says.
Wood believes we're still in a strong bull market. Take advantage.
Shares of Chinese electric-vehicle (EV) maker Nio (NYSE: NIO) were trading lower on Thursday, on rising COVID-19 concerns a day after it announced its best monthly sales result to date. As of 11 a.m. ET today, Nio's American depositary shares were down about 2.4% from Wednesday's closing price. Nio said yesterday that it delivered 10,878 vehicles in November, its best monthly total to date and more than double its year-ago result.
Bad news: Late-breaking reports that the omicron variant of COVID-19 had arrived on U.S. shores shook up cruise line investors on Wednesday, sending shares of Carnival (NYSE: CUK) (NYSE: CCL), Royal Caribbean (NYSE: RCL), and Norwegian Cruise Line Holdings (NYSE: NCLH) tumbling after what had initially looked like it was going to be a "green" sort of a day. Good news: As the shock wears off, all three cruise line stocks are recovering today.
Whatever your thoughts on 2021, there’s no denying it has been a banner year for IPOs. In the US alone, we’re on track to see about 1,000 companies join the ranks of the publicly traded. That’s a plurality of the approximately 2,850 businesses that have gone public globally – and we still have a full month to go. By mid-November, the newly public companies had raised a global total of more than $600 billion. This brings us to Morgan Stanley. The banking giant's stock analysts have been looking f
DocuSign Inc. shares plummeted toward a 52-week low in after-hours trading Thursday, after the company's billings and revenue forecast missed expectations and the chief executive admitted a pandemic boom wore off in the quarter.
If you were planning to do a “Roth IRA” conversion to keep your retirement savings permanently out of the hands of the IRS, you might want to get on it. The new tax bill on Capitol Hill is going to scrap these conversions for everybody after the end of the year — and, no, not just for those earning more than $400,000 a year. The bill “prohibits all employee after-tax contributions in qualified plans and prohibits after-tax IRA contributions from being converted to Roth regardless of income level, effective for distributions, transfers, and contributions made after Dec. 31, 2021,” reports the House Ways & Means Committee.
Hundreds of Chinese companies are listed on U.S. markets. But which are the best Chinese stocks to buy or watch right now? JD.com , Nio, Li Auto, Xpeng and BYD Co.. China is the world's most-populous nation and the second-largest economy with a booming urban middle class and amazing entrepreneurial activity.
(Bloomberg) -- It’s been 20 years, to the day, since Enron Corp. filed for bankruptcy, marking one of the most spectacular financial collapses in history and forever cementing its legacy as the posterchild of corporate fraud.Most Read from BloombergReliving the New York Subway Map Debate‘Ghost Signs’ Haunt London’s Reviving NeighborhoodsChina Cash Flowed Through Congo Bank to Former President’s CroniesAutomating the War on Noise Pollution‘Pension Poachers’ Are Targeting America’s Elderly Veteran
Investors aren't convinced that Novavax's current coronavirus vaccine can handle the omicron variant.
On a pretty "up" day for the stock market in general, shares of credit card giant Visa (NYSE: V) were up even more than most -- up nearly three times as much as the S&P 500, in fact. You can thank The Wall Street Journal for that. In a front-page article in the business and finance section of Thursday's paper, the Journal reported that "credit card applications hit [a] pandemic high" in October.
ARK Invest's chief stock picker just added to some positions that have lost significant value in 2021.
China is considering whether to ban companies from listing overseas. The concern drove shares of the Chinese e-commerce giant to a record low in Hong Kong.
After a weeklong lull, Elon Musk has sold another $1 billion worth of Tesla Inc. stock, continuing a nearly monthlong selloff that is expected to continue.
On Wednesday, Wall Street was in panic mode due to the threat of the new COVID variant. Airline stocks are taking off as a result, with shares of Delta Air Lines (NYSE: DAL), American Airlines Group (NASDAQ: AAL), United Airlines Holdings (NASDAQ: UAL), Southwest Airlines (NYSE: LUV), Spirit Airlines (NYSE: SAVE), and JetBlue Airways (NASDAQ: JBLU) each up more than 5% at midday Thursday.
(Bloomberg) -- Elon Musk offloaded another $1.01 billion worth of Tesla Inc. shares, advancing toward the goal of selling 10% of his stake in the electric-car maker. Most Read from Bloomberg‘Ghost Signs’ Haunt London’s Reviving NeighborhoodsReliving the New York Subway Map DebateAutomating the War on Noise PollutionChina Cash Flowed Through Congo Bank to Former President’s Cronies‘Pension Poachers’ Are Targeting America’s Elderly VeteransIn the latest transaction, the world’s richest person got
The market rally bounced, but remains under pressure as the jobs report looms. Tesla dipped while rivals sold off. DocuSign, Asana plunged overnight.
A reader has just written in urging me to take another look at Roth IRAs. This follows my previous column, in which I said I was wary of them, partly because I figured I’ll be paying a lower tax rate in retirement than I am while I’m working. “The tax rate is not the issue; it’s the amount of tax you will be paying,” he reminds me.
The Federal Trade Commission has joined in the chorus of government regulators opposing Nvidia Corp.'s proposed $40 billion acquisition of ARM Holdings Plc. with a lawsuit that could be the nail in the coffin for the deal.