Tesla (NASDAQ: TSLA) shares have now plunged more than 20% in less than 20 days. There are several reasons for that, but a new catalyst now has the drop gaining momentum. Today's move lower was sparked by the news that Tesla CEO Elon Musk has reversed course and now intends to follow through with his bid to purchase Twitter for his original offer price of $54.20 per share.
Autos correspondent Pras Subramanian outlines how Tesla CEO Elon Musk's purchase of Twitter may affect the EV developer, in addition to looking at Ford's production output in the third quarter.
Yahoo Finance Live anchors discuss Morgan Stanley upgrading Ford from Equal to Overweight.
The e-commerce giant has just made a decision that suggests the health of the economy is not improving.
DEEP DIVE When the stock market has jumped two days in a row, as it has now, it is easy to become complacent. But the Federal Reserve isn’t finished raising interest rates, and recession talk abounds.
Warren Buffett has been buying shares of oil giant Occidental Petroleum (NYSE: OXY) hand over fist these days. Buffett took advantage of the recent slide in oil prices and Occidental Petroleum's stock to increase Berkshire's position in one of its top 10 holdings in late September. While oil is the primary focus of Buffett's bold bet on Occidental Petroleum, it's likely not the only thing he sees in the company.
The sticking point this time is what a prolonged recession will do to Roku's ad-supported business model. Despite what Roku's grim stock chart may show you, that scenario didn't play out either. The last 15 months have been bruising for Roku shareholders, but did the initial bearish thesis land its punch?
Shell (SHEL), Chevron (CVX), Cheniere Energy (LNG), Kinder Morgan (KMI) and Energy Transfer (ET) are going to benefit from the increasing global demand for liquified natural gas.
A 529 plan can be a powerful way to save for college, offering tax-free growth and other tax benefits. These accounts are so powerful, in fact, that many grandparents choose to open them for their grandchildren. In the past, there … Continue reading → The post How the 529 Grandparent Loophole Works appeared first on SmartAsset Blog.
The move to curb output will likely push up already-high global energy prices and help oil-exporting Russia pay for its war in Ukraine.
Many investors believe Apple (NASDAQ: AAPL) is one of the best companies in the world, and I'm not here to argue against that proposition. While many stocks have seen their valuations come down, Apple's has stayed elevated. Additionally, economic headwinds are popping up that could spell disaster for Apple.
(Bloomberg) -- Sign up for our Middle East newsletter and follow us @middleeast for news on the region.Most Read from BloombergMusk Revives $44 Billion Twitter Bid, Aiming to Avoid TrialLoretta Lynn, Coal Miner's Daughter And Country Queen, DiesElon Musk Sets Off Uproar in Ukraine by Tweeting His ‘Peace’ PlanThe Best Bar in the World Is Hidden Behind a Barcelona Pastrami ShopMar-a-Lago Documents Included Pardons, Emails, Legal BillsOPEC+ agreed to cut its collective output limit by 2 million bar
The Dow Jones Industrial Average sold off 300 points Wednesday after a stronger-than-expected ADP employment report.
You can hold on to Series I bonds for 30 years, but if you jumped in when the interest rate skyrocketed to 9.62%, you might be looking for an off-ramp well before then. The total return on I-bonds is made up of two parts — a fixed rate that’s set at the time of purchase and an inflation-adjusted rate that resets every six months, in November and May. The fixed rate has been 0% since May 2020. Looking at numbers already published, David Enna, founder of TipsWatch.com, a website that tracks inflation-protected securities, predicts the variable inflation-adjusted portion of the I-bonds formula will be around 6.3%, and likely fall to 3.5% eventually.
Between Royal Caribbean and Carnival, one top cruise line demonstrates quicker recovery and a stronger base. The other offers a forward-looking approach that may drive growth over time.
Kourtney Kardashian has revealed why she and Travis Barker don't live together, despite being married to one another.
Lumen Technologies shares tumbled Wednesday after an analyst at Wells Fargo cited concerns over risks to the telecommunication company’s dividend. Wells Fargo analyst Eric Luebchow downgraded shares of Lumen (ticker: LUMN) to Equal Weight from Overweight and cut his12-month price target to $8 from $12.50. Shares of Lumen fell 10% Wednesday to $7.22 and were on track for their lowest close since September 1991.
To get a sense of who is truly in control of International Business Machines Corporation ( NYSE:IBM ), it is important...
The company's new processors could help it gain ground over AMD, but investors need to look at the bigger picture.
Yahoo Finance Live's Akiko Fujita discusses stock performance for General Motors after Morgan Stanley slashes its price target.