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These once-promising biotech stocks are trading at a fraction of their all-time highs right now.
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.
Yahoo Finance's Jared Blikre provides the numbers to know from Marvell's Q3 earnings.
Shares of C3.ai (NYSE: AI) tumbled out of the gate Thursday, plunging as much as 18.7%, though the stock recovered somewhat, ending the day down just 11.2%. For the fiscal second quarter (ended Oct. 31), C3.ai delivered revenue of $58.3 million, up 41% year over year, driven by subscription revenue of $47.4 million, up 32%. The company's remaining performance obligation (RPO), which consists of contractually obligated sales that have yet to be recognized as revenue, surged to $465.5 million, up more than 74% year over year, suggesting that business will continue to thrive for the foreseeable future.
Investors aren't convinced that Novavax's current coronavirus vaccine can handle the omicron variant.
Wood believes we're still in a strong bull market. Take advantage.
Ardelyx, Inc. ( NASDAQ:ARDX ) shareholders will have a reason to smile today, with the analysts making substantial...
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.
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
(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
It sounds like you have definitely kept retirement at the forefront of your financial planning and it will absolutely pay off in the future! The first thing I noticed about your letter was your asset allocation. At the same time, however, you do need to have some sort of protection in your asset allocation.
ARK Invest's chief stock picker just added to some positions that have lost significant value in 2021.
Technology stocks can offer high-growth returns, but it's important to take a long-term view to filter out short-term market noise.
Yahoo Finance Live co-host Brian Sozzi details billionaire investor Bill Ackman's comments on the Omicron variant's impact on markets and the Fed's outlook.
The SARS-CoV-2 virus that causes COVID-19 mutates -- and its newest variant, omicron, mutates a lot. Mutation can sometimes work in our favor, by making a variant much less likely to transmit, for instance. The market crashed earlier this week when the first omicron case in the U.S. was reported in California.
Hazelton Capital Partners, an investment management firm, published its third-quarter 2021 investor letter. The portfolio declined by 7.8% at the end of the third quarter and has returned 7.0% year-to-date. By comparison, the S&P 500 returned 0.6% during the same quarter and 15.9% year-to-date. You can take a look at the fund’s top 5 holdings […]
"After six quarters of accelerated growth, we saw customers return to more normalized buying patterns,” CEO Dan Springer said in a statement.
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.
The stock market is having a fairly strong day on Thursday after a multiday slump caused by renewed COVID-19 fears. Fintech giant Square (NYSE: SQ) was a major underperformer, its shares having declined by about 3.5%. The tech-heavy Nasdaq is hovering around the flatline.
Sundial announced it will create a new public company through an initial public offering from its investment joint venture.