(Bloomberg) -- One of the SPAC industry’s most well-known sponsors and a would-be serial backer have seen deals worth $10.6 billion go up in smoke in less than an hour.Most Read from Bloomberg‘Huge, Missing and Growing:’ $65 Trillion in Dollar Debt Sparks ConcernStocks Hit by Fed-Hike Jitters as US Yields Surge: Markets WrapAmbitious Plans to Build Indonesia a Brand New Capital City Are Falling ApartElon Musk’s Impossible Electric Truck Is Getting the Last LaughChina’s Covid Pivot Accelerates as
Shares of the cloud-based software company Salesforce (NYSE: CRM) were falling today after two analysts lowered their price target for the company's stock. Additionally, Slack's CEO said today that he's leaving the company. Slack was purchased by Salesforce last year.
Shares of telecom giant Lumen Technologies (NYSE: LUMN) plunged 25.7% in November, according to data from S&P Global Market Intelligence. It wasn't difficult to ascertain why Lumen fell last month: The company announced on its Nov. 2 earnings call that it suspended its generous dividend. In the third quarter, Lumen once again disappointed the markets, with revenue declining 10.2% and non-generally accepted accounting principles (adjusted) earnings per share of $0.14 missing estimates by a wide $0.21.
To get a sense of who is truly in control of Bank of America Corporation ( NYSE:BAC ), it is important to understand...
Shares of small- and mid-cap Chinese stocks including Tuya (NYSE: TUYA), EHang (NASDAQ: EH), and Lufax (NYSE: LU) were moving higher today after China again took another step away from its zero-COVID policy, boosting investor confidence that the economy would fully reopen in the coming months. Over the weekend, Beijing and Shenzhen announced that they would lift requirements that commuters show negative COVID tests before travel.
A strong jobs report these days runs counter to the Fed’s wishes. The line of thought is that if the job market is still too hot, the Fed won’t be keen on loosening its tight monetary policy in the ongoing efforts to tame inflation. And this is a scenario the market is keen to avoid after a series of 75 basis-point hikes this year. But J.P. Morgan Asset Management chief strategist David Kelly thinks the latest numbers flatter to deceive and believes the way the data is reported distorts the real
It is hard to get excited after looking at Devon Energy's (NYSE:DVN) recent performance, when its stock has declined...
Bill Gates looks for income, too. This is how he gets it.
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With GDP growth returning and the Federal Reserve potentially slowing the pace of rate hikes, growth stocks are looking good.
Shares of Salesforce are down on news that Slack CEO Stewart Butterfield is set to exist Salesforce in January along with co-CEO Bret Taylor.
VF Corporation cut its earnings forecast and full-year profit outlook for the remainder of the year, citing a decrease in consumer demand, and also announced the departure of its CEO Steve Rendle.
DEEP DIVE Stocks of companies that raise dividends consistently have outperformed during this year’s bear market. Below is a screen showing which stocks are analysts’ favorites for next year among an expanded list of Dividend Aristocrats.
These growth stocks took a hit in 2022, but each has the potential to make a huge comeback in the years ahead.
(Bloomberg) -- There’s a hidden risk to the global financial system embedded in the $65 trillion of dollar debt being held by non-US institutions via currency derivatives, according to the Bank for International Settlements. Most Read from Bloomberg‘Huge, Missing and Growing:’ $65 Trillion in Dollar Debt Sparks ConcernStocks Hit by Fed-Hike Jitters as US Yields Surge: Markets WrapAmbitious Plans to Build Indonesia a Brand New Capital City Are Falling ApartElon Musk’s Impossible Electric Truck Is
These high-octane income stocks, with yields ranging from 7.7% to 8.4%, are begging to be bought by opportunistic investors.
Will Healy (MercadoLibre): MercadoLibre could prosper in 2023 on its antifragility. One example of MercadoLibre's antifragility is how it makes e-commerce possible in its region. To succeed, MercadoLibre has to reach customers who do not hold bank accounts or credit cards.
There's a disconnect between the strong performance of these two businesses and their languishing stock prices.
Cowen Managing Director and Senior Research Analyst Jeff Osborne joins Yahoo Finance Live to discuss the top stocks in the EV space, key themes investors should look out for, and which companies are set to benefit from increased demand.
In this piece, we will take a look at the 16 largest semiconductor companies by market capitalization. For more companies, head on over to 5 Largest Semiconductor Companies by Market Cap. The semiconductor industry is among the most popular and lucrative sectors in the world. With chips now starting to be heralded as the ‘new […]