Intel is facing a "changing of the guard" in the chip industry as two competitors steal a page for its playbook, according to an analysis published by Bloomberg last week. After Intel Corp. (Nasdaq: INTC) reported earnings reflecting an "astonishingly bad" performance, two rivals, Taiwan Semiconductor Manufacturing Co. (NYSE: TSM) and Samsung have proved themselves as better positioned to weather a current demand downturn, according to Bloomberg. TSMC in particular "has caught and passed Intel quicker than even the most optimistic analysts had predicted," the according to the report.
The outspoken CNBC host and contributor makes his case when asked which automaker stock he'd rather own.
Bed Bath & Beyond's (BBBY) stock sank 24% after the embattled retailer announced it will raise as much as $1.025 billion through an equity offering.
The crisis engulfing the Adani Group intensified on Monday as hundreds of members of India's opposition parties took to the streets to press for a probe into allegations by a U.S. short-seller against the conglomerate which triggered its market rout. Shares in billionaire Gautam Adani's companies have been in free-fall since a Jan. 24 critical report by Hindenberg Research, with group cumulative market losses now topping $110 billion, sparking fears of wider financial contagion. Opposition parties, who last week called for a parliamentary panel to investigate the saga and disrupted proceedings, have questioned Indian Prime Minister Narendra Modi's closeness with Adani.
Shares of Snap (NYSE: SNAP) were rallying on news that Texas would ban its state agencies from using TikTok, the popular short-form video app considered a close rival to Snapchat. Snap finished the day higher, gaining 9.7% on the news. In the latest sign that incremental pressure was building against TikTok, which is based in China, Texas Governor Greg Abbott announced a "statewide model security plan" to address vulnerabilities to TikTok and other software.
Shares of hydrogen fuel cell company Plug Power (NASDAQ: PLUG) were down about 5.5% as of 1:30 p.m. ET on Monday, presumably responding to a report from Euronews that suggested the prospects for building a hydrogen economy may no longer be as bright as once thought. Citing data from non-governmental organization Global Witness, Euronews noted today that converting Europe's economy alone to run on hydrogen gas would cost 240 billion euros -- and double the cost of electricity for consumers. Over the past few years, predictions for the growth rate of the hydrogen economy have been ... optimistic, shall we say.
It's a tech-astrophe out there. But you have options.
Steve Eisman says some market paradigms get deeply embedded in people’s minds. “They can’t even imagine, at times, that there could be anything else.”
Quantum ( NASDAQ:QMCO ) Third Quarter 2023 Results Key Financial Results Revenue: US$111.2m (up 17% from 3Q 2022). Net...
In this article, we will discuss the favorite energy and bank stock picks of Jim Cramer. If you want to explore similar stocks, you can go to Jim Cramer’s 5 Favorite Energy and Bank Stock Picks. Jim Cramer is an American television personality, former hedge fund manager, and best-selling author. He is the host of […]
Tesla has gained 91% since Jan. 6 bear-market lows, but this Tesla bull just hiked his stock price target.
Growth stocks are in favor again to start 2023. Palantir (NYSE: PLTR) and C3.ai (NYSE: AI) are certainly interesting choices. This video will answer which growth stock is the best one to buy. *Stock prices used were the afternoon prices of Feb.
Canoo , a young electric vehicle manufacturer, just made a big announcement to help pursue its efforts to supply delivery vehicles to WalMart and others. The company, which began testing vehicles late last year with WalMart, raised additional capital on Monday by selling new shares to institutional investors. The new shares were sold to investors at a discount in a direct offering and will net Canoo $52.5 million.
Dow Jones futures were little changed ahead of Fed Chair Jerome Powell's key speech Tuesday. Pinterest plunged on earnings.
Shares of C3.ai (NYSE: AI), the artificial intelligence-based software-as-a-service company, were moving higher again as the stakes continued to build in artificial intelligence and investors continue to look to C3.ai as one of the few pure plays available in AI. Coming on the heels of news that ChatGPT's has reached 100 million users and it would charge $20 a month for a "plus" tier, Google said today that it was launching its own conversational search tool, named Bard. Bard isn't live, but Google said it will be made available in the coming weeks and is now being opened up to "trusted testers."
Indian billionaire Gautam Adani saw his net worth melt by tens of billions of dollars in a matter of days. Last September, Adani became by far the richest man in Asia and the second richest man in the world behind Elon Musk with a fortune estimated at $150 billion. This fortune is currently valued at $59 billion as of Feb. 4, according to Bloomberg Billionaires Index. It has melted a total of $91 billion in six months.
Yahoo Finance autos reporter Pras Subramanian joins the Live show to examine Tesla's schedule to start manufacturing on the Cybertruck, as well as EV maker Canoo's plans to fundraise $52.5 million in discounted shares sale.
(Bloomberg) -- Occidental Petroleum Corp. may redeem Berkshire Hathaway Inc.’s preferred stock this year as the oil giant prioritizes share buybacks over production growth, said Chief Executive Officer Vicki Hollub. Most Read from BloombergQuake Toll Hits 4,000 in Turkey, Syria as Overseas Aid FlowsTurkey’s South Hit by a Second High-Magnitude EarthquakeDell to Cut About 6,650 Jobs, Battered by Plunging PC SalesUS Moves to Recover Chinese Balloon While Weighing RetaliationChina Moves From Contri
In the case of Alphabet , the answer could leave one open to the slings and arrows of outrageous social media snark. Google announced a new conversational AI technology on Feb. 6 that the search engine giant said it will open up to public testing "in the coming weeks." Bard is seen as a rival to ChatGPT, a conversational robot with which humans can converse in natural language.
I'm over age 72. What can I do about avoiding the required minimum distribution (RMD) tax bite? I have a steady stream of other income. -Bernie Tax-deferred accounts, such as 401(k)s and traditional individual retirement accounts (IRAs), are potentially great … Continue reading → The post Ask an Advisor: I'm Over Age 72. How Do I Avoid the RMD Tax Bite? appeared first on SmartAsset Blog.