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Chipmaker Lattice Semiconductor impressed Wall Street this week with its latest low-power programmable chips.
The Dow Jones Industrial Average tumbled as stocks sold off amid Treasury Secretary Janet Yellen's default risk warning and bond yields rose.
This isn't shaping up to be a good week for the stocks of leading COVID-19 vaccine makers. Shares of Pfizer (NYSE: PFE) were down 1.6% at 11:27 a.m. BioNTech (NASDAQ: BNTX) stock had fallen 9.4%. Moderna's (NASDAQ: MRNA) shares were 6.2% lower.
The duration of the global semiconductor shortage just keeps getting shorter -- and with it, investor confidence in semiconductor stocks like Advanced Micro Devices (NASDAQ: AMD), which closed down 6.1% Tuesday. If you recall, market researcher International Data Corporation (IDC) predicted last week that the dearth of semiconductors, which has hamstrung markets for everything from PCs to automobiles over the past year, will begin easing later this year. Speaking at the Code Conference in Beverly Hills, California, reports CNBC, Su pointed to a number of new semiconductor manufacturing plants coming online over the next few months as evidence that, while supplies will remain "likely tight" through the first half of next year, the chip shortage may end sooner than some investors expect.
Federal Reserve Chair Jereome Powell and U.S. Treasury Secretary Janet Yellen testify at a hearing on the state of the nation's COVID-19 recovery.
Agency head says Republican governor's administration demanded she retire after incident. Kassidy Peters, Noem's daughter, received her certification four months later.
The move occurred as the broader market was declining, but the movie theater operator also got some potentially bad news recently.
Shares of Virgin Galactic (NYSE: SPCE) were down by 7.8% through 11:57 a.m. EDT Tuesday. "Captain Kirk" is going to space, and he's going there with the help of Virgin Galactic rival Blue Origin. As People magazine (and ABC News) reported Monday, Star Trek star William Shatner "is in talks to head into space on Jeff Bezos' Blue Origin rocket."
Shares of Gogo (NASDAQ: GOGO) soared 37.6% on Tuesday after the provider of broadband connectivity services for the aviation market boosted its long-term financial forecast. The air travel industry is recovering from its coronavirus-related plunge -- and Gogo is poised to benefit. Gogo, in turn, is enjoying record equipment sales.
Markets are up this year – that’s no news, the gains have been substantial and sustained – but recent weeks have made investors nervous. The resurgence of COVID, rising inflation and stubbornly high unemployment have already made headlines, but new problems are coming up overseas. In China, for example, a developing debt crisis in the giant Evergrande Group threatens to upend that country’s lending system. So, after a full nine months of gains this year, the stock markets are looking at the real
(Bloomberg) -- Micron Technology Inc., the largest U.S. maker of memory chips, fell in late trading after slowing demand from personal-computer makers hurt its forecast.Sales will be about $7.65 billion in the period ending in November, Micron said Tuesday in a statement. That compares with an average analyst estimate of $8.57 billion, according to data compiled by Bloomberg. Excluding certain items, profit will be $2 to $2.10 a share, compared with a projection of $2.56.Most Read from Bloomberg
The memory maker delivered strong results for its fiscal fourth quarter, but its forecast for the current quarter was below Wall Street's expectations.
Stocks sank Tuesday, with technology stocks leading the way lower as investors nervously eyed a swift rise in U.S. Treasury yields. Barry James, James Investment Research Portfolio Manager and Teddy Parrish, Parrish Capital CEO & CIO joined Yahoo Finance Live to discuss.
Stock futures opened flat to slightly higher Tuesday evening after a tech-led selloff during the regular trading day. Concerns over rising Treasury yields and sparring among Washington lawmakers over the debt ceiling and government funding weighed heavily on equities.
RV Capital Management, an investment management firm, published its second-quarter 2021 investor letter – a copy of which can be downloaded here. The NAV of the Business Owner Fund was €994.14 as of the end of the second quarter. The NAV increased 14.0% since the start of the year and 901.9% since its inception on […]
Memory-chip maker Micron Technology late Tuesday beat Wall Street's targets for its fiscal fourth quarter. But MU stock fell in extended trading.
After a full year of market gains, markets are getting a bit nervous. Inflation is up, US job openings are exceeding the number of unemployed by record amount, and the pile-up of container ships on the West Coast is a continuing reminder that supply chains have not yet recovered from the pandemic disruptions. Taking the measure of current conditions, Jefferies’ global equity strategist Sean Darby lays out the worst case scenario: “…if breakeven inflation expectations were to fall, narrowing real
Shares of United Natural Foods (NYSE: UNFI) were soaring today after the organic and natural food wholesaler smashed earnings estimates in its fourth-quarter earnings report. United Natural Foods, which is the biggest supplier to Whole Foods and serves 30,000 other organic grocery stores and conventional supermarkets, said revenue fell 0.5% to $6.74 billion as the company faced difficult comparisons with the year-ago quarter when Americans were avoiding restaurants. New CEO Sandy Douglas said in a statement, "I see significant opportunity to accelerate the value we create with and for our customers as well as the opportunity to make our operations more effective and efficient, both leading to continued profitable growth within our estimated $140 billion addressable market."
Shares of large technology companies, including Zoom Video Communications Inc (NASDAQ: ZM), are trading lower amid a rise in bond yields, which has weighed on growth stock valuations. The 10-year Treasury yield hit an intraday high of 1.567% Tuesday morning before dipping to around the 1.544% level. The spike in the 10-year note this week comes after the Federal Reserve last week spoke on winding down its ongoing asset purchasing program. Zoom provides a communications platform that connects peo
In this article, we discuss the 9 stocks better than Apple according to hedge funds. If you want to skip our detailed analysis of these stocks, go directly to the 4 Stocks Better than Apple According to Hedge Funds. Bloated valuations and questionable earnings growth are some of the most important factors that seasoned investors […]
Jim Breyer, founder and CEO of Breyer Capital, would be a buyer of mega cap tech on pullbacks because he expects most of the FAANG stocks to lead the way in terms of next generation technology, he said Tuesday on CNBC's "TechCheck." Breyer told CNBC he has been buying Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL), Microsoft Corp (NASDAQ: MSFT) and Apple Inc (NASDAQ: AAPL) over the last two years during pullbacks. "For the last two years, when the mega-cap tech stocks sold off significantly, I'm a