House Democrats' proposed tax hikes are 'a little less aggressive' than President Joe Biden's, one expert said.
The Canadian cannabis retailer made a big leadership move and saw its stock rise the most in one day since mid-July.
Ross Gerber, Gerber Kawasaki Wealth & Investment Management CEO joins the Yahoo Finance Live panel to discuss what to expect from Tesla's Q3 earnings.
WASHINGTON (Reuters) -Senior Democrats in Congress have agreed to raise their proposed tax reporting threshold for bank account inflows and outflows to $10,000 a year, with exemptions for wage income, from an earlier proposal of $600 that drew criticism for being too intrusive. U.S. Senate Finance Committee Chairman Ron Wyden on Tuesday said the new $10,000 Internal Revenue Service reporting threshold, to be included in Democrats' sweeping "reconciliation" social spending and tax hike legislation, was chosen after consultations with the U.S. Treasury because it is a level frequently used in other bank reporting requirements.
Atea Pharmaceuticals said Tuesday its Merck-rivaling antiviral Covid pill missed in a midstage test, leading AVIR stock to crash.
The next decade could be a lost one — unless you do this.
Investors in renewable energy companies such as Plug Power (NASDAQ: PLUG), Enphase Energy (NASDAQ: ENPH), and SunPower (NASDAQ: SPWR) are cheering today, as shares of the stocks have risen 2.6%, 4.2%, and 7.6%, respectively, as of 2:20 p.m. EDT Tuesday. This is rather strange, however, because the news today sounds mostly bad for investors in renewable energy stocks.
After slipping through September, markets have been trending up again in October. One possible reason: better-than-expected results from the Q3 earnings reports so far. With results in from 41 companies listed on the S&P 500, aggregate earnings are up more than 40% year-over-year. These solid results come even as revenues are down 13% yoy. Of the companies that have reported so far, 85% beat the anticipated EPS, while 70% beat on revenues. With these results, it should come as no surprise to see
Santosh Rao, head of research at Manhattan Venture Partners, talks why the streaming giant found success with the South Korean thriller series.
Shares of Dutch Bros (NYSE: BROS) charged sharply higher Tuesday, surging as much as 14.6%. The catalyst that sent the coffee chain stock higher were reports that Dutch Bros may be outperforming its biggest competitors. Data intelligence platform Placer.ai analyzed customer visits to Dutch Bros and compared it to traffic at both Starbucks (NASDAQ: SBUX) and privately held Dunkin' Brands.
Shares of Peabody Energy (NYSE: BTU) crashed 16% by noon EDT on Tuesday, tanking on a day the coal stock received an analyst upgrade and one day after skyrocketing. This morning, B. Riley raised its price target on Peabody Energy by $1 to $23 a share, stating it saw the company's preliminary results as a "positive step forward." Peabody Energy reported its preliminary numbers for the third quarter yesterday, announcing its coal sales had topped $900 million to levels not seen in nearly seven quarters.
The maker of cloud-based collaboration tools for business teams enjoyed tailwinds from two separate events today. First, Asana's chief product officer, Alex Hood, was featured on the popular Inspired Execution podcast. Hood used this platform to highlight the disruptive potential of Asana's voice recognition and natural language processing systems.
And what does it means for the future of the housing market?
When Virgin Galactic (NYSE: SPCE) went public via SPAC merger in 2019, the company projected that 66 passengers would fly aboard the company's spacecraft in 2020 and another 646 in 2021. Investors recently got word that yet another delay is hitting Virgin Galactic, and at best we will see a small number of revenue-generating flights in 2022, assuming no more delays.
Yahoo Finance markets reporter Ines Ferré covers the airline as it annouces its Q3 2021 results.
Canopy's ownership by a big name in alcohol distribution and its retail reach played a significant role.
Decrypt Editor-in-Chief Dan Roberts joins Yahoo Finance to discuss
Sean Farrell, Fundstrat Head of Digital Asset Strategy, discusses the potential effects of the first Bitcoin-linked ETF on the NYSE from ProShares.
Shares of the crypto bank Silvergate Capital (NYSE: SI) had fallen roughly 10% as of 11:25 a.m. EDT after the company reported earnings results for the third quarter of the year. The bank has built a payments platform called the Silvergate Exchange Network (SEN), which allows two parties on the network to clear transactions instantaneously. This is particularly attractive for institutional traders and cryptocurrency exchanges because cryptocurrencies trade nonstop.
Although the computer chip shortage wrecked third-quarter auto sales by causing third quarter auto sales to tumble, the market still finds an investment in Ford (NYSE: F) to be intriguing. Ford's sales for the period were hurt along with most everyone else's, but it was actually able to beat expectations and management says sales improved as the quarter progressed. Because the automaker also continued its dominance in the truck market and sales of its electric vehicles are revving up, it's no wonder everyone is talking about Ford's stock.
Shares of Carnival Corporation (NYSE: CCL) fell 2.7% through 10:35 a.m. EDT trading Tuesday after the cruise company announced, after close of trading yesterday, that it has closed on a "previously announced incremental first-priority senior secured term loan facility in an aggregate principal amount of $2.3 billion." Investors are presumably reacting to the reminder that Carnival Corporation carries a lot of debt -- nearly $25 billion more than it has cash on hand -- and now seems to be taking on $2.3 billion more. As Carnival explained yesterday, the entire proceeds of its new loan will be used to redeem a batch of "11.500% First-Priority Senior Secured Notes due 2023."