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The electric vehicle start-up just upped its (Wall) street cred, but plenty of fundamental pitfalls lie ahead.
‘The Encouraging Americans to Save Act’ would give eligible workers a credit to their retirement accounts
Shares of Moderna (NASDAQ: MRNA) jumped 7.8% to a record closing high of $348.83 on Friday after European health officials recommended authorizing the drugmaker's coronavirus vaccine for kids 12 and older. The European Medicines Agency's Committee for Medicinal Products for Human Use adopted a positive opinion on Moderna's vaccine. The European Commission will now consider granting authorization for use in adolescents.
What happened The Chinese government might tell for-profit education companies to become nonprofit organizations, according to a report by Bloomberg. The news led to a violent industrywide sell-off. Here's how some of the U.
What happened The Chinese government strikes the U.S. stock market again. Though today's news of a regulatory crackdown focuses on education companies in China, many U.S.-listed Chinese stocks are being hit this morning.
Shares of DiDi Global (NYSE: DIDI), a China-based ride-sharing company, fell again today on worries that the Chinese government could significantly penalize the company for its recent U.S. IPO. Bloomberg News reported yesterday that the Chinese government was considering "unprecedented" penalties against DiDi. The Cyberspace Administration of China pushed back on DiDi going public, but DiDi went through with it anyway, causing the Chinese government to view the IPO as a threat to its authority, according to the report.
Remember that 401(k) from your first job? While some of that is an unfortunate reality of income inequality and our modern labor market, much of it comes down to the friction that’s embedded in our retirement savings system — in particular, the fact that our retirement accounts like 401(k)s are tied to our employers. Leaving old 401(k) accounts behind is more common than you might think.
Shares of social networking company Facebook (NASDAQ: FB) popped on Friday. The growth stock's gain was likely driven both by better-than-expected results from social media peer Snap (NYSE: SNAP) and an upgraded 12-month price target for Facebook shares. After market close on Thursday, Snapchat parent Snap provided an early indication of how digital advertising seems to have fared during the second quarter.
Space tourism pioneer Virgin Galactic's (NYSE: SPCE) stock closed Friday down another 4%, after falling nearly twice that on Thursday. Yesterday, if you recall, Virgin Galactic struggled to overcome the weight of a pair of negative news items. A curiously worded employment status update from the company's now-former flight test director Mark Stucky advised future employers that he is no longer working with Virgin Galactic, and that he did not leave "on [his] own timeline."
Michelle Connell, CFA and owner of Portia Capital Management joined Yahoo Finance to analyze the latest market trends and where things may head as the summer carries on.
Lucid Motors shares are set to trade on the Nasdaq on Monday after the company's merger with a blank-check company was approved on a second try Friday.
Truist Securities was the entity shifting its price target. The investment bank now believes Carnival is worth $20 per share, up from the previous estimation of $18. It's little wonder -- that $20 per share level is below the $22.71 Thursday closing price of Carnival's stock.
It's no secret why income-seeking investors gravitate toward real estate investment trusts (REITs). Because REITs are required by law to discharge at least 90% of their profits in the form of dividends, they're a cash cow that investors love to milk. Because so much of their earnings are devoted to dividends, very little is available to plow back into the business.
Intel’s stock slumped on Friday after the company warned investors about how it would face a chip shortage into 2023 in its earnings report. Anand Srinivasan, Bloomberg Intelligence Analyst, joins Yahoo Finance’s Akiko Fujita and Zack Guzman, to discuss Intel’s earnings, how the chip shortage will continue to impact it, and what to make of the chip space overall.
Chinese stocks were diving today, once again on fears of a regulatory crackdown by the Chinese government. This time the focus was on Chinese education stocks as a number of news outlets reported that officials may ask Chinese tutoring companies like TAL Education Group and New Oriental Education Group to become nonprofits, a move that would have obvious consequences for investors. The fallout hit Chinese stocks broadly and came as fears have been mounting over intervention from the Chinese Communist Party.
Nvidia chips power a future of self-driving cars and cloud gaming, while the global semiconductor market is in a supply crunch. Is Nvidia stock a good buy now?
A dark cloud hanging over Chinese stocks listed in the U.S. could lead to a storm that washes away investors' funds, even those who are invested passively through mutual funds.
Many stockholders invest in the hope of finding stocks that later deliver outsized returns. Innovative Industrial is a unique take on real estate investment trusts (REITs): It acquires and leases facilities for cannabis production to marijuana companies. Additionally, it provides another essential need that smart investors know well.
Amazon started the internet-retail revolution. Five other companies, including Sea and Coupang, are taking it further.
The family of entertainer James Brown has reached a settlement ending a 15-year battle over the late singer’s estate, an attorney involved in the mediation said Friday. David Black, an attorney representing Brown's estate, confirmed to The Associated Press that the agreement was reached July 9. Legal wrangling over the Godfather of Soul's estate has been ongoing since his death at the age of 73 on Christmas Day 2006.
What happened Shares of Agora (NASDAQ: API) were down as much as 25% on Friday after the Chinese Communist Party (CCP) announced new sanctions on technology companies in its home country. As of 1:39 p.