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CDE earnings call for the period ending June 30, 2021.
Markets are up this year – that’s no news, the gains have been substantial and sustained – but recent weeks have made investors nervous. The resurgence of COVID, rising inflation and stubbornly high unemployment have already made headlines, but new problems are coming up overseas. In China, for example, a developing debt crisis in the giant Evergrande Group threatens to upend that country’s lending system. So, after a full nine months of gains this year, the stock markets are looking at the real
What happened Shares of several COVID-19 vaccine makers were sliding on Monday. BioNTech stock (NASDAQ: BNTX) was down 6.5% at 12:09 p.m. EDT. Shares of Moderna (NASDAQ: MRNA) had slipped 4.4%. Novavax (NASDAQ: NVAX) stock had fallen 6%.
Shares of Naked Brand Group (NASDAQ: NAKD) surged 21.8% on Monday, as investors' excitement about a potential game-changing acquisition reached a fever pitch. Naked Brand's popularity among traders on Reddit and other social media sites helped it raise cash via stock offerings earlier this year. After ridding itself of debt and amassing a war chest of $270 million, Naked Brand's management team went hunting for takeover targets.
Stock futures traded mixed Monday morning as investors closely monitored developments in Washington, D.C., as lawmakers rush to try and avert a government shutdown. Yahoo Finance's Julie Hyman, Brian Sozzi and Brian Cheung weigh in.
(Bloomberg) -- Alibaba Group Holding Ltd. added rival Tencent Holdings Ltd.’s payment system to some of its apps, further widening cracks in the internet giants’ walled-off ecosystems.Most Read from BloombergHow Los Angeles Became the City of DingbatsWhy the Gaza Strip May Be the City of the FutureThe Country That Makes Breakfast for the World Is Plagued by Fire, Frost and DroughtHSBC Bets Big on China as Pressure Mounts in LondonSchool Reopenings Falter as U.S. Kids Near 1 Million Covid CasesSe
JPMorgan CEO Jamie Dimon said that Bitcoin may rise 10 times in price in the next five years. The long-term Bitcoin critic also warned that it would be foolhardy to borrow money to buy Bitcoin.
Ford is driving head on into the future of electric vehicles.
As China tries to reshape its economy, many U.S. companies, including those in materials and technology sectors, may feel some pain.
Names in the electric vehicle sector sometimes move as a group, but three stocks that are doing their own thing today are Nio (NYSE: NIO), Nikola (NASDAQ: NKLA), and Canoo (NASDAQ: GOEV). As of 11:30 a.m. EDT, Nio shares were about 2% higher, while Nikola shares were up nearly 5%. Canoo's move makes sense.
In this article, we reviewed Bridgewater Associates founder Ray Dalio’s portfolio adjustment strategies to cope up with the market volatility. We also discussed the top ten stocks billionaire Ray Dalio is buying. You can skip our detailed discussion and jump directly to Billionaire Ray Dalio is Buying These 5 Stocks. Raymond Thomas Dalio’s $223 billion […]
(Bloomberg) -- A technology-led equity selloff deepened, and government bonds from the U.S. to Germany tumbled, as investors braced for imminent Federal Reserve tapering. The dollar gained haven allure amid a supply crunch from oil to semiconductors.Most Read from BloombergHow Los Angeles Became the City of DingbatsWhy the Gaza Strip May Be the City of the FutureThe Country That Makes Breakfast for the World Is Plagued by Fire, Frost and DroughtHSBC Bets Big on China as Pressure Mounts in London
Harding Loevner, an investment management firm, published its “Global Equity Fund” second-quarter 2021 investor letter – a copy of which can be downloaded here. A return of 10.70% was recorded by the fund for the Q2 of 2021, beating its Benchmark, the MSCI World Index, which returned 7.89% for the same period. You can take a […]
If the COVID mutation takes a turn for the worse, what stocks will protect your port? Our trio of Fools has three suggestions.
China's Alibaba Group Holding Ltd has begun offering payment services from Tencent Holdings Ltd's WeChat on a number of its apps, after the government ordered major tech firms to stop blocking each other's services and links. Local tech blog 36Kr reported on Tuesday that users of Alibaba's food delivery app Ele.me, luxury goods app Kaola and e-book app Shuqi can now purchase goods via WeChat Pay, one of China's most popular online payment options. Alibaba's used-goods marketplace app Xianyu and supermarket app Freshippo have also applied for WeChat Pay integration, the tech blog said.
A U.S. judge on Monday dismissed a lawsuit accusing Tilray Inc, the world's largest cannabis producer by sales, of fraudulently overstating the value of a marketing and revenue-sharing agreement with Authentic Brands Group Inc. U.S. District Judge Paul Crotty in Manhattan said shareholders failed to show that the Canadian company exhibited "conscious misbehavior or recklessness" in trumpeting the agreement, when it knew that regulatory uncertainty over cannabis-based products would dampen customer demand. "Tilray certainly appears to have overestimated, by orders of magnitude, both the value of the ABG Agreement and the likelihood of fortuitous regulatory change," Crotty wrote.
September 30 marks the end of the federal government’s fiscal year, and the deadline for Congress to pass a funding measure. The debt ceiling, which is the amount of money the Treasury Department is authorized to borrow, must be suspended or raised by mid-October, or the United States likely will default on its debt.
Shares of MercadoLibre (NASDAQ: MELI) fell today even though there was no news out on the Latin American e-commerce company. Instead, it was one of a number of high-growth stocks that pulled back sharply today as investors were spooked by fears of rising Treasury yields, which entice investors away from growth stocks and into other options like bonds. MercadoLibre stock finished the day down 5.4% while the 10-year Treasury yield rose 1.6% to 1.48%.
Investors have been rewarding companies that are doing a particularly good job of pumping out free cash flow and increasing their shareholder returns.
Apple purchased the buildings, which are all at least 40 years old, from longtime Silicon Valley investor Carl Berg.
In addition to the Securities and Exchange Commission charging two traders for wash trading GameStop and other meme stocks, “The Big Short” investor-turned-GameStop mega-bull Michael Burry tweeted — then deleted — an acknowledgment that he had been subpoenaed by the SEC as part of its investigation into January’s manic short squeeze on the stock. AMC Entertainment (AMC) had a rougher case of “The Mondays,” as the theater chain’s shares finished down to start the week, possibly due in part to Disney (DIS) Chief Executive Bob Chapek saying publicly on Friday that his company is no longer committing to exclusive theatrical releases after 2021. A big recent trend for retail investors has been playing in the shorted and ever-deeper pool of green-energy stocks.