A pair of biotechnology companies with offices on the Peninsula are cutting a combined 163 employees. Natera Inc. alerted state employment officials of its layoffs Nov. 4, the same day it notified 58 of its San Carlos-based workers that they were losing their jobs. Synthego Corp., meanwhile, alerted state authorities on Nov. 14 that it planned to cut 105 employees in Redwood City last Friday.
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.
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.)
NIO Inc. (NIO) closed the most recent trading day at $10.92, moving -0.09% from the previous trading session.
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
Shares of start-up lithium miner -- and General Motors partner -- Lithium Americas (NYSE: LAC) soared 8.1% through 11:50 a.m. ET on Tuesday, after a federal district court in Nevada issued what the company called a "favorable ruling" in an appeal against a Bureau of Land Management (BLM) ruling. As Reuters relates, the U.S. District Court for the District of Nevada instructed the BLM to consider whether Lithium Americas should be permitted to dump waste rock from its Thacker Pass lithium project at a location just south of the Oregon border. In short, Lithium Americas now has a green light to proceed with exploitation of what Lithium Americas calls "the largest known lithium resource in the U.S." It keeps the company on track to begin producing up to 40,000 tons of lithium carbonate per year by late 2026, and as much as 80,000 tons per year in a later Phase 2 of the project.
The money manager sees great promise in Tesla's ability to come up with an autonomous taxi platform in the next few years.
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.
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
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.”
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.
Nvidia stock has been trading incredibly well on the long side. Here's where to buy the dip next.
PayPal shares have started 2023 off on the right foot, up more than 10% year-to-date. Can a strong earnings release provide more fuel?
A Roth 401(k) is a solid option for retirement savers, especially those who don't anticipate finding themselves in a lower tax bracket when they retire. A Roth 401(k) works similarly to other retirement savings accounts - you put your money … Continue reading → The post A Roth 401(k) Just Got a Lot More Attractive appeared first on SmartAsset Blog.
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.
Nikola (NKLA) closed the most recent trading day at $2.61, moving -0.76% from the previous trading session.
The Internal Revenue Service said it would clear up confusion this week as to whether certain state refunds and rebates would count as taxable income.
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