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Shares of the African e-commerce company fell on a weak earnings report.
The tech-heavy Nasdaq took off like a rocket this morning, and took semiconductor stock Nvidia (NASDAQ: NVDA) along for the ride. Just after noon ET, however, the rally started to sputter, and by the time trading for the day was done, not only had the Nasdaq given up all its gains, but Nvidia stock closed down 3.7% for the day. In the case of the Nasdaq as a whole, I fear that investors may have jumped the gun, presuming that after the Nasdaq met the definition for a stock market correction (down 10% from its high), the light would turn green for tech stocks to resume marching higher again.
Santosh Rao, Head of Research at Manhattan Venture Partners, joins Yahoo Finance Live to discuss Netflix's fourth quarter earnings, the need to gain more subscribers, and competition in the streaming space.
Yahoo Finance's Jared Blikre details Netflix's stock drop-off at the market's close amid its earnings reports showing misses on subscriber and growth estimates.
World Economic Forum President Borge Brende joins Yahoo Finance to talk about global themes including polarization, U.S.-China relations, and net zero carbon emissions.
The surface of the S&P 500 makes markets look calm. But look down just one layer, and you see some serious pain.
Yahoo Finance's Jared Blikre highlights the market and sector action heading into the closing bell.
Coronavirus stock Novavax (NASDAQ: NVAX) was a bit sickly on Thursday. The latest development comes from over the Pacific Ocean, specifically Australia. After market hours on Wednesday, Novavax announced that the nation's Therapeutic Goods Administration (TGA) has approved the provisional registration of NVX-CoV2373.
(Bloomberg) -- Most Read from BloombergEarly Omicron Breakthroughs Show mRNA Vaccines’ WeaknessWhy Some Vaccinated People Resist Omicron and Others Don’tLate Rout in Tech Sends Nasdaq 100 Into Correction: Markets WrapThailand to Resume Quarantine-Free Tourism as Covid EasesBiden Expects Russia to ‘Move In’ on Ukraine; Warns of SanctionsJeremy Grantham, the famed investor who for decades has been calling market bubbles, said the historic collapse in stocks he predicted a year ago is underway and
The yield-sensitive Nasdaq Composite Index on Wednesday logs its first close in correction territory since March. Here's what history says happens next.
Yahoo Finance's Emily McCormick and Adam Shapiro discuss how revenues for airlines are declining amid the surge in Omicron cases, Peloton shares are falling today, and Luminar stock is rising on reports of a self-driving deal with Mercedes-Benz.
For the fourth trading day in a row, Rivian (NASDAQ: RIVN) stock is falling. Down 3.5% as of 1:35 p.m. ET, Rivian stock actually costs less today than it did at its initial public offering (IPO) two months ago. First and foremost, Rivian is an unprofitable electric truck start-up.
Green energy stocks are among today's bigger winners, with fuel cell leaders Plug Power (NASDAQ: PLUG) and Bloom Energy (NYSE: BE) gaining 8.6% and 6%, respectively. Also moving higher is solar panel microinverter maker Enphase Energy (NASDAQ: ENPH), scoring a 5.1% gain as of 10:10 a.m. ET. This morning, you can't throw a rock on Wall Street without hitting one banker or another that is cutting price targets on renewable energy stocks.
(Bloomberg) -- Farm equipment giant John Deere boasted record profits in 2021 as the global pandemic made consumers and countries more reliant than ever on a functioning agricultural sector. Also last year, unionized workers demanded a piece of the company’s growing pie, and after a strike forced John Deere to provide better compensation to the men and women who make its products.Most Read from BloombergEarly Omicron Breakthroughs Show mRNA Vaccines’ WeaknessWhy Some Vaccinated People Resist Omi
Rivian investment gains to increase Ford's book value
A Bank of America analyst cut his price target on the stock in half on Wednesday, but hope springs eternal.
A report in a German trade publication has interesting implications for the Chinese EV maker.
Select analysts and investment banks see "high" return potential for these cannabis stocks.
The electric vehicle sector is hot right now. One such stock is Workhorse Group (NASDAQ: WKHS), which fell 78% last year and is now trading close to $4. Falling behind on its delivery plans, losing a key order from the U.S. Postal Service, a change in management, issues with delivered vehicles resulting in a recall -- the list of Workhorse's troubles is long.
Paysafe (NYSE: PSFE) shareholders beat the market on Thursday morning as shares rose 12% by 11 a.m. ET compared to a 1.1% increase in the wider market. It helped that the broader market jumped, but Paysafe also benefited from improving sentiment from Wall Street pros. An analyst at the Wall Street firm Cowen upgraded the digital gambling and payments processing stock and issued an aggressive short-term outlook that sees the stock nearly doubling over the next year.
Shares of Novocure Limited (NASDAQ: NVCR) are jumping 12.9% higher as of 11:09 a.m. ET on Thursday. The solid gain came after investment firm Truist Financial upgraded the stock from a hold to a buy recommendation. Truist kept its 12-month price target for the stock at $125, which represents upside potential of more than 70%.