Prosecutors say Adedayo Ilori made fraudulent relief claims for businesses he didn’t own while facing charges for trying to rip off banks.
As earnings season ramps up, Netflix kicked the reporting period off for big tech when it unveiled its fourth quarter results after the bell on Thursday. Here were the main metrics from Netflix's report, compared to consensus estimates compiled by Bloomberg.
Charles Schwab Chief Global Investment Strategist Jeffrey Kleintop joins Yahoo Finance Live to discuss the outlook for the stock market.
Peloton shares get crushed on reports of a production halt.
U.S. stocks struggled for direction Thursday afternoon after staging a comeback from a turbulent previous session as investors weighed a series of upbeat earnings and a fresh read on weekly jobless claims out of Washington.
Green energy stocks are among today's bigger winners, with fuel cell leaders Plug Power (NASDAQ: PLUG) and Bloom Energy (NYSE: BE) gaining 8.6% and 6%, respectively. Also moving higher is solar panel microinverter maker Enphase Energy (NASDAQ: ENPH), scoring a 5.1% gain as of 10:10 a.m. ET. This morning, you can't throw a rock on Wall Street without hitting one banker or another that is cutting price targets on renewable energy stocks.
CFA and owner of Portia Capital Management Michelle Connell joins Yahoo Finance Live to discuss Big Tech, energy and financial sector fund data, commodity futures, and Fed policy makers expecting three interest rate hikes in 2022.
Digital World Acquisition (NASDAQ: DWAC) stock has seen some volatile swings in this week's trading, but it's back to posting big gains today. The Trump-affiliated special purpose acquisition company's (SPAC) share price was up roughly 5.2% as of 2:30 p.m. ET Thursday. While there isn't any fresh news pertaining to Digital World Acquisition, the stock is getting a boost from today's market rally.
(Bloomberg) -- Most Read from BloombergEarly Omicron Breakthroughs Show mRNA Vaccines’ WeaknessWhy Some Vaccinated People Resist Omicron and Others Don’tBiden Expects Russia to ‘Move In’ on Ukraine; Warns of SanctionsThailand to Resume Quarantine-Free Tourism as Covid EasesOmicron Is a Bigger Risk for the Young, Medical Data ShowsJeremy Grantham, the famed investor who for decades has been calling market bubbles, said the historic collapse in stocks he predicted a year ago is underway and even i
Rivian investment gains to increase Ford's book value
For the fourth trading day in a row, Rivian (NASDAQ: RIVN) stock is falling. Down 3.5% as of 1:35 p.m. ET, Rivian stock actually costs less today than it did at its initial public offering (IPO) two months ago. First and foremost, Rivian is an unprofitable electric truck start-up.
Shares of TaskUs (NASDAQ: TASK) fell sharply on Thursday after the release of what's known as a short report. Spruce Point Capital Management believes TaskUs stock has 25% to 50% downside. Putting their money where their mouth is, Spruce Point Capital is short shares of TaskUs, meaning it will profit if the stock goes down.
A report in a German trade publication has interesting implications for the Chinese EV maker.
A Bank of America analyst cut his price target on the stock in half on Wednesday, but hope springs eternal.
(Bloomberg) -- Farm equipment giant John Deere boasted record profits in 2021 as the global pandemic made consumers and countries more reliant than ever on a functioning agricultural sector. Also last year, unionized workers demanded a piece of the company’s growing pie, and after a strike forced John Deere to provide better compensation to the men and women who make its products.Most Read from BloombergEarly Omicron Breakthroughs Show mRNA Vaccines’ WeaknessWhy Some Vaccinated People Resist Omi
The biotech company is still looking to carve out a profitable chunk of the coronavirus vaccine market.
Paysafe (NYSE: PSFE) shareholders beat the market on Thursday morning as shares rose 12% by 11 a.m. ET compared to a 1.1% increase in the wider market. It helped that the broader market jumped, but Paysafe also benefited from improving sentiment from Wall Street pros. An analyst at the Wall Street firm Cowen upgraded the digital gambling and payments processing stock and issued an aggressive short-term outlook that sees the stock nearly doubling over the next year.
After some big sell-offs, the market is rallying today, and Palantir (NYSE: PLTR) is getting a boost from the momentum. The data analytics specialist's share price was up roughly 5.7% as of noon ET on Thursday. In the absence of any fresh, business-specific news, Palantir stock has frequently made outsize moves in conjunction with the market's shifting appetite for growth-dependent technology companies.
Affirm and its "buy now, pay later" rivals allow consumers to pay for items in scheduled instalments, instead of using a traditional credit card. Credit card companies like Mastercard and Visa make money by charging their customers compounding interest and late fees. For 0% financing, Affirm makes money by charging merchants fees to use its services; those shops pay up in hopes that Affirm's flexible payment options will encourage customers to buy from them.
(Bloomberg) -- The volatility that’s gripped financial markets this year tightened its hold on American stocks, with a late-session plunge sending the Nasdaq 100 Index into a correction.Most Read from BloombergEarly Omicron Breakthroughs Show mRNA Vaccines’ WeaknessWhy Some Vaccinated People Resist Omicron and Others Don’tBiden Expects Russia to ‘Move In’ on Ukraine; Warns of SanctionsThailand to Resume Quarantine-Free Tourism as Covid EasesOmicron Is a Bigger Risk for the Young, Medical Data Sh
Select analysts and investment banks see "high" return potential for these cannabis stocks.