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The semiconductor making blows past quarterly estimates, prompting a flurry of rave reviews from Wall Street.
Despite sell-offs roiling the broader market, the stock of Digital World Acquisition (NASDAQ: DWAC) is rocketing higher today. There doesn't appear to be any fresh news powering the gains, but excitement surrounding the stock is surging ahead of the company's merger with Trump Media & Technology Group and the launch of their social media platform, Truth Social. It's a social media service backed by Donald Trump that's on track to launch Feb. 21, and investors are pouring into Digital World Acquisition stock ahead of the debut.
Let’s talk about quality stocks. Of course, this is the direction that every investor wants to go; but the question is, how to recognize them? Do we go all-in on the big-value, big-name giants? Or do we dig a little deeper, and find the high-end nuggets that are hiding in the sandheap? Weighing in from investment bank Morgan Stanley, chief investment officer Lisa Shalett recommends the latter. She recommends investors to look for beaten-down stocks, equities that have lost value recently – but t
Chinese President Xi Jinping took to the virtual stage at Davos to address Fed Chair Jerome Powell -- please don't lift interest rates.
The stock market has gotten off to a rocky start in 2022, and Tuesday delivered another day of sell-offs and a 1.8% drop for the S&P 500 index. Amid the turbulent backdrop, Palantir (NYSE: PLTR) stock closed out the day down 6.5%. There wasn't any company-specific news driving the big-data company's most recent slide, but growth-dependent technology stocks have had a rough go of things lately due to a multitude of macroeconomic risk factors, and these were once again highlighted in Tuesday's trading.
The IRS has good news for retirees starting in 2022: you can now keep more money in your tax-deferred retirement accounts thanks to lower required minimum distributions (RMDs). For the first time in 20 years, the Internal Revenue Service has … Continue reading → The post Good News for Retirees: RMD Formula Changing for First Time in Decades appeared first on SmartAsset Blog.
Bill Baruch, Blue Line Futures President, and Jason Ware, Albion Financial Group Partner and Chief Investment Officer, join Yahoo Finance Live to discuss market lows, the Fed, the financial and bank sectors, and investing opportunities amid high volatility periods.
What happened Chinese electric vehicle maker Nio (NYSE: NIO) was one of many electric vehicle companies whose shares were trading lower on Tuesday afternoon, amid a broad market decline triggered by rising rates on government bonds.
Nothing seems to be going right for Novavax (NASDAQ: NVAX) these days. The European Commission granted authorization to Novavax's Nuvaxovid COVID vaccine in December. On Jan. 14, HAS approved Nuvaxovid, making it the fifth COVID-19 vaccine approved in the country.
J.P. Morgan Asset Management Global Market Strategist Jack Manley joins Yahoo Finance Live to discuss stocks selling off, fourth quarter earnings for big banks, inflation data, and the Fed.
(Bloomberg) -- Sony Group Corp. shares fell 13% in Tokyo on Wednesday, their biggest drop since October 2008, after PlayStation rival Microsoft Corp. announced a $69 billion deal to acquire games publisher Activision Blizzard Inc.Most Read from BloombergMicrosoft Buys Scandal-Tainted Activision in Bet on MetaverseFourth Pfizer Dose Is Insufficient to Ward Off Omicron, Israeli Trial SuggestsCovid-19 Infected Lions Prompt Variant Warning in South AfricaStock Selloff Deepens as Treasury Yields Clim
More than two dozen models of electric vehicles from legacy automakers such as Ford and General Motors to startups Fisker and Lordstown Motors (near Youngstown, Ohio) are expected to hit the market this year.
Wall Street was in a foul mood on Tuesday, and major market benchmarks finished the day with substantial losses. The Dow Jones Industrial Average (DJINDICES: ^DJI) was the best performer on the day despite finishing down more than 500 points, while the Nasdaq Composite (NASDAQINDEX: ^IXIC) had much larger losses on a percentage basis that pushed that index into 10% correction territory. Long-term investors weren't all that shocked to see some popular meme stocks take big hits in the downward-moving market.
Stock futures opened higher Tuesday evening after broad sell-off during the regular trading day, as investors nervously eyed soaring bond yields and disappointing earnings results from some major index components.
(Bloomberg) -- Microsoft Corp. is buying Activision Blizzard Inc. in a $68.7 billion all-cash acquisition, uniting two of the biggest forces in video games. It’s the software maker’s biggest deal ever, almost three times as large as the 2016 purchase of LinkedIn. Here are five key reasons why it happened.Most Read from BloombergMicrosoft Buys Scandal-Tainted Activision in Bet on MetaverseFourth Pfizer Dose Is Insufficient to Ward Off Omicron, Israeli Trial SuggestsCovid-19 Infected Lions Prompt
(Bloomberg) -- U.S. equity markets are primed for a correction as the Federal Reserve prepares to boost rates and higher inflation becomes a reality for some time, Carlyle Group Inc. co-founder David Rubenstein said.Most Read from BloombergMicrosoft Buys Scandal-Tainted Activision in Bet on MetaverseFourth Pfizer Dose Is Insufficient to Ward Off Omicron, Israeli Trial SuggestsStock Selloff Deepens as Treasury Yields Climb: Markets WrapDeadly Drone Strikes on UAE Raise Gulf Tensions, Roil Oil Mar
Let’s face it, stocks have been under a lot of pressure lately. Growth stocks have been getting especially hurt.
It's not the "A" tech stock investors were clamoring for on the day, plus there was some discouraging legal news for the company.
(Bloomberg) -- Ford Motor Co. expects to record a gain of $8.2 billion in the fourth quarter on its investment in Rivian Automotive Inc. after the electric-truck maker’s blockbuster initial public offering late last year.Most Read from BloombergMicrosoft Buys Scandal-Tainted Activision in Bet on MetaverseFourth Pfizer Dose Is Insufficient to Ward Off Omicron, Israeli Trial SuggestsCovid-19 Infected Lions Prompt Variant Warning in South AfricaStock Selloff Deepens as Treasury Yields Climb: Market
(Reuters) -Teva Pharmaceutical Industries Ltd has agreed to pay $420 million to settle shareholder litigation alleging the company hid an anti-competitive scheme to fix the price of generic drugs. Teva spokesperson Kelley Dougherty said the "vast majority" of the settlement will be funded by the company's insurers. "This resolution is in the overall best interest of Teva and the patients who continue to rely on us each day for the world’s largest portfolio of generics medicines," Dougherty said in an email.
Decrypt Editor-in-Chief Dan Roberts joins Yahoo Finance Live to discuss crypto and betting on the metaverse after Microsoft acquires Activision Blizzard.