Markets continued to rally after a positive start this morning, and the major stock market indexes traded near session highs Friday afternoon. The Dow Jones was up 583 points as it saw a 1.9% spike. The S&P 500 was up 1.
The Biden administration’s new stock buyback tax will have little impact on the overall stock market. This tax has set off alarm bells in some corners of Wall Street, on the theory that buybacks were one of the biggest props supporting the past decade’s bull market — and anything weakening that prop could lead to much lower prices. One reason is that the new excise tax — whether 1% or 4% — is applied to net buybacks — repurchases in excess of how many shares the corporation may have issued.
C3.ai (NYSE: AI) has had an amazing run this year. Inspired by the wildfire popularity of ChatGPT, and investor dreams of AI-fueled riches, shares of the artificial intelligence stock were up nearly 150% since the start of this year -- until all of a sudden, C3.ai stock turned tail this morning and retreated.
NIO Inc. (NIO) closed the most recent trading day at $10.92, moving -0.09% from the previous trading session.
Yahoo Finance's Julie Hyman breaks down notable business headlines, which include BP posting record profits and slowing its shift away from oil, Apollo Global Management exploring a stake in a Credit Suisse unit, and SoftBank's vision fund battling hit by a tech slump. (Apollo Global Management is Yahoo Finance's parent company.)
We’ve seen the markets take a breather recently and that is hardly surprising considering the year-to-date rally. Stocks charged out the gate in 2023 as if in a hurry to consign 2022’s annus horribilis to the history bins. Observing the sharp and abrupt shift in sentiment, BlackRock's bond chief Rick Rieder has called the surge "extraordinary." However, Rieder, who handles around $2.4 trillion in assets, is not quite ready to get the bull outfit on just yet. Given the widespread compression in p
Image source: The Motley Fool. Lumen Technologies (NYSE: LUMN)Q4 2022 Earnings CallFeb 07, 2023, 5:00 p.m. ETContents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: OperatorGreetings, and welcome to the Lumen Technologies fourth quarter 2022 earnings conference call.
The money manager sees great promise in Tesla's ability to come up with an autonomous taxi platform in the next few years.
The concept of smartphones and electric cars seemed like a pipe dream 20 years ago, but today, nearly 6.92 billion people, or 86.4% of the global population, have personal smartphones. Governments worldwide are moving toward a green future by encouraging the use of electric cars instead of vehicles with combustible engines. Investing in burgeoning technologies could increase your wealth within the next two decades. Take look at some of the most promising technologies poised to catch on. Generati
SINGAPORE (Reuters) -Following are reactions from analysts and investors to U.S. President Joe Biden's State of the Union speech on Tuesday, in which he challenged Republicans to lift the debt ceiling and support tax policies that are friendlier to middle class Americans. In his first address to a joint session of Congress since Republicans took control of the House of Representatives in January, Biden hammered corporations for profiteering from the pandemic, and ran through a wish list of economic proposals, such as a minimum tax for billionaires, and a quadrupling of the tax on corporate stock buybacks.
U.S. stocks ended higher on Tuesday after a volatile session in the wake of Federal Reserve Chair Jerome Powell's comments that inflation will decline significantly in 2023 but more interest-rate hikes will be necessary.
Stocks have started 2023 with a 7% gain on the S&P 500, and 13.5% gain on the NASDAQ. It’s a solid performance to start the year, but will it last? According to Emmanuel Cau, the head of European equity strategy at Barclays, we might not be fully out of the woods yet. "Despite a still sticky labor market, softening US data (ISM down further below 50, weaker housing data) seem to matter for central banks' reaction function, which now appears more balanced between fighting inflation and preserving
Equinor on Wednesday posted a record $74.9 billion adjusted operating profit for 2022, more than double its previous record thanks to soaring gas prices and with fourth-quarter results beating analysts' expectations. The oil and gas producer's adjusted earnings before tax and interest for October-December rose to $15.1 billion from $15 billion a year earlier, beating the $14.4 billion predicted in a poll of 25 analysts compiled by Equinor. The majority state-owned company last year became Europe's largest supplier of natural gas as Russia's Gazprom cut deliveries amid the West's support for Ukraine, sending European gas prices to all-time highs.
Steve Eisman says some market paradigms get deeply embedded in people’s minds. “They can’t even imagine, at times, that there could be anything else.”
(Bloomberg) -- Russia is seeking to spend its way out of the self-inflicted economic crisis that threatened to deliver the deepest recession of President Vladimir Putin’s more than two-decade rule.Most Read from BloombergMeta Asks Many Managers to Get Back to Making Things or LeaveQuake Toll Hits 4,000 in Turkey, Syria as Overseas Aid FlowsTrump Charges in Georgia Over 2020 Could Lead to Bigger Fed CasePowell Says Further Rate Hikes Needed and Markets Take HeedWall Street Goes Risk-On Without Po
Of the 50 U.S. states, 39 and the District of Columbia do not levy a tax on Social Security benefits.
The fate of an early year rally in stocks may depend on whether equities can withstand a recent rise in U.S. Treasury yields, as investors increasingly come around to the Federal Reserve’s higher-for-longer mantra on interest rates. Comments from Fed Chairman Jerome Powell on Tuesday did little to dissuade markets from the notion that the central bank will raise rates higher than investors had previously priced in and keep them elevated for longer, as he said rates may need to move higher than expected if economic strength threatens the Fed's progress in lowering inflation.
COPENHAGEN (Reuters) -Shipping group A.P. Moller-Maersk warned on Wednesday lower container volumes and freight rates would drive a four-fold plunge in profits this year, even as it reported record earnings for 2022. The Copenhagen-based company, which transports goods for retailers and consumer companies such as Walmart, Nike and Unilever, raised its profit forecast twice last year as a surge in consumer demand and pandemic-related logjams at ports boosted freight rates. But freight rates have since tumbled as recession looms and pandemic-fuelled import bubbles deflate in the United States and other major consuming countries.
Nvidia stock has been trading incredibly well on the long side. Here's where to buy the dip next.
Yahoo Finance tech reporter Allie Garfinkle discusses the latest investments in A.I. by Microsoft and Google.
Enphase Energy (ENPH) delivered earnings and revenue surprises of 18.90% and 2.93%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?
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