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The debt crisis is here, Nouriel Roubini says. Expect central banks to wimp out in their fight against inflation as financial distress deepens
Shares of cruise line operator Carnival Corporation (NYSE: CCL)(NYSE: CUK) fell 2.6% on Monday, which may not seem like very much. According to The Fly, analysts Brandt Montour, Benjamin Chaiken, and Christopher Stathoulopoulos -- of Barclays, Credit Suisse, and Susquehanna, respectively -- all lowered their price targets for Carnival this morning.
Former President Donald Trump on Monday sued CNN, seeking $475 million in damages, saying the network had defamed him in an effort to short-circuit any future political campaign.
High-yield savings accounts are paying more than they have since 2009. Here's Cuban's advice on how much to save now.
Berkshire Hathaway Vice Chairman Greg Abel, the likely successor to CEO Warren Buffett, bought about $68 million of the company’s shares last Thursday in what appears to be his first purchases of Berkshire stock since he assumed the position in 2018. In several Form 4 filings Monday with the Securities and Exchange Commission, Abel disclosed that he purchased 168 Berkshire Hathaway (ticker: BRK/A, BRK/B) Class A shares through the Gregory Abel Revocable Trust on behalf of his wife, children, and other family members. Abel paid in a range of roughly $405,000 to $408,000 per class A share for the Berkshire stock, which closed Monday at $413,300, up 1.7% on the session.
Tesla shares are getting hammered after weaker-than-expected third-quarter delivery numbers. The reason isn't 'cars in transit.'
Incumbent chip maker Intel (NASDAQ: INTC), a banner victim of this year's tech stock sell-off, had an unusually good Monday. The company's shares rose by almost 5% on the day, due in part to a general rebound of tech titles generally and chip makers specifically, and partly due to a looming divestment. After market hours on Friday, Intel's assisted- and autonomous-driving tech unit Mobileye filed a prospectus for an initial public offering (IPO).
Shares of large-cap oil and gas producers Chevron (NYSE: CVX), Occidental Petroleum (NYSE: OXY), and Devon Energy (NYSE: DVN) were in rally mode today, up 5%, 5.4%, and 7.9%, respectively, as of 11:24 a.m. ET. While many stocks were higher today, oil and gas stocks were particularly strong ahead of the upcoming OPEC+ meeting this week. Over the weekend, The Wall Street Journal reported OPEC+ participants would discuss production cuts at the upcoming meeting to offset falling prices, with the potential for a surprisingly large cut in the offing.
(Bloomberg) -- Cathie Wood bought Tesla Inc. shares as they plunged the most in four months after the electric carmaker’s third-quarter deliveries missed expectations.Most Read from BloombergTrump Asks to Push Special Master Appeal Hearing to JanuaryCredit Suisse Turmoil Deepens With Record Stock, CDS LevelsStocks Rise From the Ashes in Best Day Since July: Markets WrapElon Musk Sets Off Uproar in Ukraine by Tweeting His ‘Peace’ PlanNorth Korea Fires Missile Over Japan for First Time Since 2017F
Shares of e-commerce platform provider Shopify (NYSE: SHOP) rose as much as 3.2%, semiconductor specialist Nvidia (NASDAQ: NVDA) jumped as much as 3.7%, and streaming video pioneer Roku (NASDAQ: ROKU) surged as much as 4.3%. The latest report on manufacturing data provided investors with the excuse they were looking for to buy shares of beaten-down technology stocks. The Manufacturing Purchasing Managers Index (PMI) came in at 50.9%, down from 52.8% in August.
Greg Abel, who is next in line to succeed Warren Buffett as Berkshire Hathaway Inc's chief executive, spent more than $68 million on the conglomerate's shares last week, after selling his stake in the company's Berkshire Hathaway Energy unit for $870 million. In four regulatory filings, Abel, 60, said that on Sept. 29 he purchased 168 Class A shares of Berkshire, each costing more than $405,000, on behalf of a family trust.
How does the Fed affect the rest of us? Here's an explainer, and when to expect lower prices for groceries, possibly higher unemployment, and what you can do for now
Over the weekend, the South American nation held the first round of its 2022 presidential election, and former President Luiz Inacio Lula da Silva was ahead in the polling -- and investors are cheering. As of 10:45 a.m. ET Monday, shares of Brazilian oil giant Petroleo Brasileiro (NYSE: PBR) (NYSE: PBR.A) (aka Petrobras) were up 12.4%, while electric and gas utility Companhia Energetica de Minas Gerais (NYSE: CIG) had gained 14.6%, and water utility Companhia de Saneamento Basico do Estado de Sao Paulo (NYSE: SBS) (aka "Sabesp") was leading the whole Brazilian stock market higher with a 22.5% gain.
Wealthy nations’ rapid series of interest rate hikes could spark a global recession.
Oppenheimer Sr. Research Analyst Colin Rusch joins Yahoo Finance Live to discuss third-quarter production for Tesla, vehicle deliveries, inflationary pressures, supply chain woes, recessionary risks, and the outlook for the automotive company.
(Bloomberg) -- After a furious spate of retail selling unseen since December 2018 and beaten-down risk appetite, all the ingredients were in place heading into the big stock rebound Monday.Most Read from BloombergTrump Asks to Push Special Master Appeal Hearing to JanuaryCredit Suisse Turmoil Deepens With Record Stock, CDS LevelsStocks Rise From the Ashes in Best Day Since July: Markets WrapElon Musk Sets Off Uproar in Ukraine by Tweeting His ‘Peace’ PlanNorth Korea Fires Missile Over Japan for
(Bloomberg) -- Pakistan’s small textile mills, which make products ranging from bedsheets to towels mainly for consumers in the US and Europe, are starting to shut after devastating floods wiped out its cotton crop.Most Read from BloombergCredit Suisse Turmoil Deepens With Record Stock, CDS LevelsTesla Slumps as Deliveries Disappoint Due to Logistic SnarlsOPEC+ to Consider Output Cut of More Than 1 Million BarrelsUkraine Latest: Zelenskiy Says Lyman ‘Fully Cleared’ of RussiansGet Ready for Anoth
Tesla (TSLA) stock could get a lift from ESG asset managers — if only they could agree on the company's status.
Due to its color and skyrocketing market value, many have coined lithium "white gold." Those with exposure to the metal are in a stellar position to reap the rewards from a booming EV landscape.