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The retailer posted profit that trailed Wall Street forecasts as shoppers bought fewer TVs and kitchen items.
(Bloomberg) -- Ernst & Young LLP admitted that dozens of its audit personnel cheated on the ethics portion of the Certified Public Accountant exam and that the firm misled US regulators probing the misconduct, according to the Securities and Exchange Commission.Most Read from BloombergRussia Slips Into Historic Default as Sanctions Muddy Next StepsMichael Burry of ‘The Big Short’ Fame Warns Fed May Alter CourseA $2 Trillion Free-Fall Rattles Crypto to the CoreAnti-Abortion Centers Find Pregnant
Shares of the online car-buying company Carvana (NYSE: CVNA) were plunging this morning, likely after a Barron's article published over the weekend said that the company, in some cases, sold cars before it even had the title to them. Barron's said in its reporting that Carvana was selling cars too quickly during the pandemic, when demand for buying a car online soared, which led to problems in receiving the proper title for vehicles for some customers. Apparently, enough people have experienced this problem that a lawsuit is being brought against the car seller, saying that some customers went years without legally being able to drive vehicles purchased from Carvana.
Shares of the clinical-stage biotech Kezar Life Sciences (NASDAQ: KZR) are soaring this morning following a positive mid-stage data readout for its lupus nephritis candidate zetomipzomib. This potentially deadly autoimmune disorder is characterized by swelling of the kidneys in patients with systemic lupus erythematosus. What appears to be driving this massive uptick in Kezar's shares today is the drug's 65% overall renal response among patients who reached the end of treatment.
Hotshot investor Cathie Wood, chief executive of Ark Investment Management, has said repeatedly in recent weeks that we're headed for disinflation soon. Consumer prices soared 8.6% in the 12 months through May, a 40-year high. "We were wrong on one thing and that was inflation being as sustained as it has been," Wood told CNBC.
Qualcomm CFO Akash Palkhiwala joins Yahoo Finance Live to discuss its product expansion for Wi-Fi 7 networks, the chip shortage, and supply chains.
Despite tough odds, plenty of doubters, and regular criticism over its actions, Tesla (NASDAQ: TSLA) has developed into the leading manufacturer of electric vehicles globally. The automaker has grown rapidly, and so has its share price. Like all stock splits, the increase in the number of shares and the resulting share price drop doesn't actually change the intrinsic value of each share or of the company overall.
In this article, we discuss the top 10 stocks to dump now according to hedge funds as they brace for impact. If you want to see more stocks in this list, click Hedge Funds Brace for Impact: Top 5 Stocks to Dump Now. Elite hedge funds in the United States are exceedingly cautious with their […]
We’re facing a maelstrom of conflicting currents in the markets today, with a series of headwinds running head-on into each other. Consumer sentiment is low – in fact, at the lowest levels ever recorded, with 79% of consumers expecting economic conditions to get worse in the coming year. Inflation is high, at levels not seen since 1981, and is expected to remain elevated through the end of 2023. Fuel prices are major driver with the national average for a gallon of gasoline exceeding $5. The hou
In this article, we discuss the 10 best dividend stocks for inflation. You can skip our detailed analysis of these stocks and the current market situation, and go directly to 5 Best Dividend Stocks For Inflation. The current market situation is intense, and could potentially worsen with further rate hikes as warned by the Fed. […]
Taiwan-based hardware analyst Ming-Chi Kuo says Qualcomm will hold on to 100% of the Apple modem supply for the 2023 iPhones. Qualcomm shares were trading sharply higher Tuesday on a report that Apple’s push to develop modem chips for the iPhone “may have failed,” and that Qualcomm will remain the exclusive supplier of 5G chips for phones to be launched in the 2023 second half. Writing on Twitter, the Taiwan-based hardware analyst Ming-Chi Kuo said that Qualcomm (ticker: QCOM) will hold on to 100% of the Apple (AAPL) modem supply for the 2023 iPhones vs the company’s own previous estimate of 20%.
CFRA VP and Equity Analyst Garrett Nelson joins Yahoo Finance Live to talk about Tesla's position in the auto industry, brand loyalty by consumers in the EV space, competition with the Ford F-150 Lightning and the Cybertruck, and the impact of CEO Elon Musk's interest in Twitter on the EV developer.
Among the high-profile stocks splitting their shares in 2022, these three offer the most attractive long-term growth prospects.
‘Nothing to see here’
Mr Musk banned remote work and said employees must be in the office for a minimum of 40 hours per week
Not everyone can afford to live on fixed incomes as prices rise.
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Novavax (NASDAQ: NVAX) is a pandemic stock. Now it's down to $50, and the company's market cap is under $4 billion. Here are three arguments for buying Novavax stock and one reason for why you might want to avoid these shares.
Yahoo Finance Live anchors discuss Berkshire Hathaway buying more Occidental Petroleum stock.
In this article, we discuss the 10 stocks that Jim Cramer recommends for recession. If you want to read about some more stocks that Jim Cramer recommends for recession, go directly to Jim Cramer Recommends These 5 Stocks for Recession. Recession fears have steadily been gathering pace at the stock market over the past few […]
The maker of premium and high-end electric vehicles remains the market leader in electric vehicles but sees a threatening rival.