The volatile market has investors playing it safe.
Yahoo Finance Live anchors discuss Morgan Stanley upgrading Ford from Equal to Overweight.
Annaly Capital Management (NYSE: NLY) did not have a great month in September as its stock price plummeted 33.5%, according to S&P Global Market Intelligence. September was the cruelest month since the pandemic, as the S&P 500 fell 9.3%, while the Nasdaq Composite dropped 10.5%, and the Dow Jones Industrial Average was off by 8.8%. Annaly Capital, a mortgage real estate investment trust (REIT), was considerably worse than the overall market as it proved to be a difficult month for housing stocks.
Shares of AMC Entertainment Holdings (NYSE: AMC) are tumbling 9.1% at 11:06 a.m. ET on Wednesday after defunct gold and silver miner Hycroft Mining (NASDAQ: HYMC) reported it received a delisting notice from the Nasdaq Stock Market. AMC surprised investors earlier this year by taking a 22% stake in Hycroft in exchange for a $28 million cash infusion. Metals investor Eric Sprott invested a similar amount into Hycroft in return for the same percentage ownership position.
Tesla (NASDAQ: TSLA) shares have now plunged more than 20% in less than 20 days. There are several reasons for that, but a new catalyst now has the drop gaining momentum. Today's move lower was sparked by the news that Tesla CEO Elon Musk has reversed course and now intends to follow through with his bid to purchase Twitter for his original offer price of $54.20 per share.
I'm over age 72. What can I do about avoiding the required minimum distribution (RMD) tax bite? I have a steady stream of other income. -Bernie Tax-deferred accounts, such as 401(k)s and traditional individual retirement accounts (IRAs), are potentially great … Continue reading → The post Ask an Advisor: I'm Over Age 72. How Do I Avoid the RMD Tax Bite? appeared first on SmartAsset Blog.
Autos correspondent Pras Subramanian outlines how Tesla CEO Elon Musk's purchase of Twitter may affect the EV developer, in addition to looking at Ford's production output in the third quarter.
The e-commerce giant has just made a decision that suggests the health of the economy is not improving.
DEEP DIVE When the stock market has jumped two days in a row, as it has now, it is easy to become complacent. But the Federal Reserve isn’t finished raising interest rates, and recession talk abounds.
These two stocks are among the riskiest in the Berkshire Hathaway portfolio, but they could be huge winners.
Many investors believe Apple (NASDAQ: AAPL) is one of the best companies in the world, and I'm not here to argue against that proposition. While many stocks have seen their valuations come down, Apple's has stayed elevated. Additionally, economic headwinds are popping up that could spell disaster for Apple.
The Elon Musk-Twitter (TWTR) saga took a turn towards resolution yesterday with news Musk would honor his deal to purchase Twitter for $44 billion. The drama for Tesla (TSLA) shareholders, however, will likely linger.
President Biden responded to the rise in oil prices following OPEC+'s announcement that it plans to cut production by 2 million barrels a day.
OPEC+ will cut oil production by 2 million barrels per day amid looming demand concerns and the ongoing friction between the West and Russia over the war in Ukraine.
A war in Europe and the subsequent energy crisis it's causing would be enough to tank global stock markets in any given year. On top of Russia's invasion of Ukraine, markets are also reeling from rapidly rising interest rates intended to quell runaway inflation. Once you consider all the challenges stock markets face, it's a little surprising that the benchmark S&P 500 index has only lost around 25% of its value this year.
Shares of the digital bank SoFi (NASDAQ: SOFI) traded roughly 5% lower as of 11:53 a.m. ET today. Meanwhile, shares of the buy now, pay later company Affirm (NASDAQ: AFRM) and the artificial-intelligence lender Upstart (NASDAQ: UPST) both traded about 6% down. Yesterday, stocks rallied after the Reserve Bank of Australia raised its benchmark interest rate by only 25 basis points instead of the 50-point hike that was expected.
A 529 plan can be a powerful way to save for college, offering tax-free growth and other tax benefits. These accounts are so powerful, in fact, that many grandparents choose to open them for their grandchildren. In the past, there … Continue reading → The post How the 529 Grandparent Loophole Works appeared first on SmartAsset Blog.
Two of the most prominent mortgage real estate investment trusts (REITs), Annaly Capital Management (NYSE: NLY) and AGNC Investment (NASDAQ: AGNC), were down sharply during trading on Wednesday. Annaly Capital was down as much as 9% on the day at around noon ET, while AGNC fell as far as 9.7% on the day at around the same time. As both Annaly Capital and AGNC Investment are mortgage REITs, they were each negatively affected by the latest news from the housing industry.
Shares of the video streaming platform company Roku (NASDAQ: ROKU) were sliding today, reversing their gains from yesterday. Investors appear to be reacting to some jobs data that indicated that the labor market is still resilient. A strong labor market could encourage the Federal Reserve to keep raising interest rates.
Yahoo Finance Live's Akiko Fujita discusses stock performance for General Motors after Morgan Stanley slashes its price target.