What if you could buy your next house and its duplicate in the metaverse with one transaction? You might start to feel a certain way about the metaverse and what it could become...
Yahoo Finance's Jared Blikre joins the Live show to check out Cisco's mixed Q3 earnings report.
High-quality items seldom go on sale. Grab them when they do.
Charles Schwab's annual Modern Wealth Survey also asked 1,000 Americans how much they needed in order to live comfortably.
The carnage playing out in the U.S. stock market on Wednesday is likely an amuse-bouche compared with the devastation on the menu for the bulls in the coming months and years, Guggenheim Partners Global Chief Investment Officer Scott Minerd told MarketWatch in an interview. The prominent CIO on Wednesday said he envisioned the possibility of a dreadful summer and fall for stock-market investors — one in which the Nasdaq Composite Index (COMP) eventually unravels, plunging 75% from its Nov. 19, 2021, peak (currently it’s down around 28%) and the S&P 500 (SPX) tumbles 45% from its Jan. 3, 2022, peak (from which presently down 18%) as we head into July. “That looks a lot like the collapse of the internet bubble,” Minerd said, referring to the implosion of technology stocks in 1999 and early 2000.
Retail stocks including Costco (NASDAQ: COST), Kohl's (NYSE: KSS), and Five Below (NASDAQ: FIVE) were getting shocked today after retail giants including Walmart and Target badly missed bottom-line estimates and their first-quarter earnings reports. Both companies also cut their guidance for the year, warning that challenges from inflation and supply chain disruptions would persist. As of 11:05 a.m. ET, Costco stock was down 11.4%, while Kohl's had given up 10%, and Five Below was off 9.1%.
In contrast to the overall market, lending technology company Upstart Holdings (NASDAQ: UPST) was a major outperformer, with shares rising by about 6%. Upstart recently plunged by more than 50% after its first-quarter earnings, and the biggest reason was that the dollar amount of loans carried on Upstart's balance sheet more than doubled. Recently, Upstart's management has made it clear that it understands investors' concerns and is going to immediately take steps to address them.
(Reuters) -An S&P Dow Jones Indices executive told Reuters on Wednesday it has removed electric carmaker Tesla Inc from the widely followed S&P 500 ESG Index because of issues including claims of racial discrimination and crashes linked to its autopilot vehicles, and Tesla CEO Elon Musk responded with harsh tweets including that "ESG is a scam". In it changes, effective May 2, the sustainability index also added soon-to-be-Musk-controlled Twitter Inc and oil refiner Phillips 66 while dropping Delta Air Lines and Chevron Corp, according to an announcement. The back-and-forth over the index changes reflects a wider debate about the metrics used to judge corporate performance on environmental, social and governance (ESG) issues, a growing area of investing.
A Target earnings miss on inflation pressures sparked a fierce sell-off Wednesday. Here's what that means for the market rally.
In this article, we discuss 10 tech stocks Warren Buffett is holding despite selloff. If you want to see more tech stocks held by the billionaire amid the broader market selloff, click Warren Buffett Is Holding These 5 Tech Stocks Despite Selloff. Warren Buffett’s portfolio is often replicated by aspiring retail investors, as well as […]
‘Rich Dad Poor Dad’ is looking to back up the truck.
Yahoo Finance Live looks at the companies tied to several trending industry stories, including Elon Musk's reaction to Tesla being removed from the S&P 500 ESG index.
Endo International (NASDAQ: ENDP), a specialty pharmaceutical company, saw its shares fall 69% on Wednesday. It was already a bad day for many companies with the Dow and the S&P 500 down more than 3% and the NASDAQ falling more than 4%. The biggest reason for Endo's massive drop came when The Wall Street Journal reported the company was negotiating to restructure its more-than $8 billion in debt with its lenders and senior bondholders.
Novavax disappointed investors when its regulatory submissions fell behind. Now, all eyes are on Novavax's next step: winning authorization in the U.S. Could this nudge the stock out of its slump -- and even turn it into a multibagger? Novavax reported revenue of $704 million and net income of $203 million.
The trends highlighted by Target's and Walmart's disappointing results bode poorly for Amazon. Investors reacted with shock, sending shares down sharply.
Tesla ( ) CEO Elon Musk is extremely unhappy that the EV company was eliminated from the S&P 500 ESG Index on Wednesday, voicing his concerns on Twitter. The electric automaker was taken off the ESG index by S&P Dow Jones Indices due to Tesla's ongoing issues of racial discrimination claims from employees and how it has dealt with a National Highway Traffic Safety Administration (NHTSA), a government investigation after several crashes were connected to its autopilot vehicles. The changes are retroactive: they are effective May 2 and a May 17 S&P Dow Jones Indices blog post described the rationale.
(Bloomberg) -- More than a year after Gabe Plotkin’s Melvin Capital Management was grievously injured in a short squeeze by amateur traders who organized on Reddit, the $7.8 billion hedge fund is giving up and shutting down.Most Read from BloombergWalmart Flashes a Warning Sign to the Entire Consumer EconomyStocks Suffer Steepest Rout in Almost Two Years: Markets WrapOz, McCormick Locked in Too-Close-to-Call Pennsylvania RacePlotkin’s Melvin Capital to Liquidate Funds After LossesElon Musk Has a
The tech sector lost its luster this year as rising interest rates sparked a rotation toward more conservative investments. Instead of blindly selling all of your tech stocks, you should simply stick with well-run blue-chip companies, which generate stable growth and plenty of cash while trading at reasonable valuations. Accenture is one of the world's largest IT service companies.
Shares of Apple (NASDAQ: AAPL) were falling 3.9% heading into noontime trading Wednesday as retail sector earnings have been weaker than expected this week and the Federal Reserve is expected to further tighten the screws on the economy. There has also been an uptick in cases of COVID-19, which caused Apple to delay implementation of its three-days-in-the-office policy.
Applied Materials (NASDAQ: AMAT) stock has lost a quarter of its value on the market in 2022, but shares of the company that supplies semiconductor manufacturing equipment to foundries have been in recovery mode over the past week. It won't be surprising to see Applied Materials stock get a nice shot in the arm when it releases its fiscal 2022 second-quarter results after the market closes on May 19. Applied Materials has won big from the global semiconductor shortage over the past couple of years, consistently logging robust top- and bottom-line growth.
EV makers in China are still feeling the effects of lockdowns, but a new report today says help may be on the way.