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.
Yahoo Finance Live anchors discuss Morgan Stanley upgrading Ford from Equal to Overweight.
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 volatile market has investors playing it safe.
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.
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.
The e-commerce giant has just made a decision that suggests the health of the economy is not improving.
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.
Moody's Analytics now expects a peak-to-trough U.S. home price decline of 10%. But these markets could get hit much harder.
Warren Buffett has been buying shares of oil giant Occidental Petroleum (NYSE: OXY) hand over fist these days. Buffett took advantage of the recent slide in oil prices and Occidental Petroleum's stock to increase Berkshire's position in one of its top 10 holdings in late September. While oil is the primary focus of Buffett's bold bet on Occidental Petroleum, it's likely not the only thing he sees in the company.
Shell (SHEL), Chevron (CVX), Cheniere Energy (LNG), Kinder Morgan (KMI) and Energy Transfer (ET) are going to benefit from the increasing global demand for liquified natural gas.
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.
Chip stocks have had a brutal ride in 2022. The tables have turned on a sector particularly sensitive to cycles; after seeing outsized growth during the pandemic, and despite the global chip shortage, waning demand has seen many in the segment hit hard. Factor in some lofty valuations, a slowing economy and fears of a full-blown recession and the result is the SOX (the main Semiconductor index) is down by 38% year-to-date. That said, there are many good companies operating in the space whose sha
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.
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.
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 Bed Bath & Beyond (NASDAQ: BBBY) had tumbled 8.1% as of 10:38 a.m. ET Wednesday as investors prepared for the worst following reports bondholders were circling their wagons to protect themselves from a potential debt reorganization. While the retailer had previously secured some $850 million in liquidity as of the end of last month from new loans it secured from banks and other lenders, it is considering how best to restructure its debt portfolio. Bondholders are worried any changes to the debt structure would harm their own interests in the event of a bankruptcy filing.
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.
Tesla (TSLA), SpaceX, and The Boring Company may be getting a little less love from fearless leader Elon Musk if he closes on the acquisition of Twitter (TWTR) later this week as widely expected.
You can hold on to Series I bonds for 30 years, but if you jumped in when the interest rate skyrocketed to 9.62%, you might be looking for an off-ramp well before then. The total return on I-bonds is made up of two parts — a fixed rate that’s set at the time of purchase and an inflation-adjusted rate that resets every six months, in November and May. The fixed rate has been 0% since May 2020. Looking at numbers already published, David Enna, founder of TipsWatch.com, a website that tracks inflation-protected securities, predicts the variable inflation-adjusted portion of the I-bonds formula will be around 6.3%, and likely fall to 3.5% eventually.