The healthcare company also raised its full-year guidance, but not as much as might have been hoped.
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Noelle Acheson, Head of Market Insights at Genesis Trading, discusses why Cryptocurrnecies tumbled on Monday.
Monday's sharp downturn in stocks precipitated partly by the highly leveraged Evergrande in China isn't the only problem buffeting markets on Monday.
Shares of the Chinese tech giant pulled back in response to a potential default by Evergrande Group.
(Bloomberg) -- A global rout in stock markets sparked by concerns over China Evergrande Group hit the world’s biggest fortunes Monday, with the richest 500 people losing a combined $135 billion.Tesla Inc.’s Elon Musk led the declines as his world-leading net worth fell $7.2 billion to $198 billion, according to the Bloomberg Billionaires Index. No. 2 Jeff Bezos, the founder of Seattle-based Amazon.com Inc., lost $5.6 billion, paring his fortune to $194.2 billion. A cash crunch at Evergrande, Chi
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Derek Scissors American Enterprise Institute Senior Fellow joins Yahoo Finance to discuss what's next for the markets as the Evergrande crisis continues to develop.
Simple physics tells us that what goes up must come down – but sometimes, market forces take what’s gone down and pushes it back up. And that fact helps to outline the basic opportunities investors should look for. In short, what’s needed are stocks that have hit a hard time – but remain fundamentally sound. Prices can rise and fall for a wide range of reasons, and while many times those reasons bode ill for the stock, they don’t always. A bad sales month coinciding with a quarterly report; a se
The S&P 500 had its worst day in months Monday, tumbling 1.7% on fears that property giant China Evergrande Group ‘s (ticker: 3333.Hong Kong) troubles may spill over into other markets. Friday, the S&P 500 fell below its 50-day moving average, a technical indicator that shows investors are losing confidence in the market outlook. The S&P 500 is 3.9% below its all-time high as of Monday’s close, at its lowest level since mid-June.
(Bloomberg) -- The British Soft Drinks Association said manufacturers have “only a few days” of carbon dioxide left in reserve to produce beverages and can’t import supplies from the European Union due to Brexit. Most Read from BloombergThe Global Housing Market Is Broken, and It’s Dividing Entire CountriesMerkel’s Legacy Comes to Life on Berlin’s ‘Arab Street’Is There Room for E-Scooters in New York City?Amazon, Microsoft Swoop In on $24 Billion India Farm-Data TrovePalm Oil Giant’s Industry-Be
What happened Mounting concerns of a potential financial crisis in China drove investors to reduce risk on Monday. Here's how some of the largest and most popular tech stocks fared today: Apple (NASDAQ: AAPL), down 2.
Fear contagion from the Evergrande crisis, warns Goldman Sachs.
Democrats are in the middle of a major effort to raise taxes on the wealthiest Americans to help offset the cost of their proposed expansion of the social safety net. “How is it possible for millionaires and billionaires that can pay a lower rate of tax than teachers, firefighters, or law enforcement officers?” President Joe Biden asked during remarks on the economy delivered at the White House last week. “Big corporations and the super wealthy have to start paying their fair share of taxes. It’
Shares of Chinese electric vehicle maker Nio (NYSE: NIO) were trading lower on Monday morning amid a broad-based sell-off driven by concerns around the heavily indebted Chinese property developer China Evergrande Group (OTC: EGRNF). At 11:30 a.m. EDT, NIO's American depositary shares were down about 5% from Friday's closing price. You've probably heard that Evergrande is thought to be close to bankruptcy, that the Chinese government is thought to be unwilling to bail it out, and that its failure could have broad effects on stocks in China and possibly beyond.
Advisors should keep an eye on credit-default swaps to gauge the risk of broader market impact from Evergrande’s debt woes. Looking at CDS for HSBC is one good proxy for estimating contagion. For investors, the weather has turned ominous.
(Bloomberg) -- China Evergrande Group slid deeper in equity and credit markets Tuesday, fueling concerns about broader contagion after S&P Global Ratings said the developer is on the brink of default.The distressed developer’s shares in Hong Kong dropped as much as 7% after closing Monday at the lowest in about a decade. Its 8.25% dollar bond due 2022 fell 0.3 cent to 24.9 cents, leaving it down some 75% since late May, according to prices compiled by Bloomberg. The junk-rated company is the big
In this article, we discuss the 15 best stocks to invest in today according to David Abrams based on Q2 holdings of the fund. If you want to skip our detailed analysis of Abrams’ history, investment philosophy, and hedge fund performance, go directly to the 5 Best Stocks to Invest in Today According to David […]
Bank stocks struggled Monday as the yield on the 10-year U.S. Treasury bill, which is often a strong indicator of bank profits, declined as a result of the broader market sell-off.
Shares of online betting company DraftKings (NASDAQ: DKNG) fell as much as 7.3% in trading on Monday as investors quickly exited growth stocks. The biggest reason for the drop at DraftKings was the market's sell-off in general. Fear of the financial markets breaking down are high after issues at China Evergrande Group made global headlines over the weekend.
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