The abrupt and rapid collapse of the FTX cryptocurrency exchange has caused a shock in the crypto space. The fall, in a few days, of a company valued at $32 billion in February, ended up casting suspicion on the entire young industry of financial services, based on the Blockchain technology. Retail investors have fled, while institutional investors, linked to FTX and its sister company Alameda Research, are still determining their losses from their exposure to Sam Bankman-Fried's empire.
Thanksgiving weekend is over, and investors are back to work in earnest. Overall, markets looked poised on Monday morning to give back some of their recent gains, with many commentators attributing declines of around 0.5% to 0.75% in stock index futures to concerns about Chinese protests over the government's ongoing zero-COVID policy. Many investors were pleased with how the holiday shopping season kicked off over Thanksgiving weekend, though, and that helped contribute to solid gains in a pair of stocks.
Cathie Wood makes big bets on potential huge winners. But Ark Invest's top 10 holdings, including Tesla and Roku, have tumbled in 2022.
Despite a once-in-a-century pandemic standing in the way, investors enjoyed three straight years of strong stock market returns in 2019, 2020, and 2021. But 2022 has been an entirely different story; the economic winds have shifted, and companies are grappling with high inflation and rising interest rates.
Shares of Sarepta Therapeutics Inc. were up 4.6% in premarket trading on Monday after the company said U.S. regulators accepted its application for accelerated approval of SRP-9001, its experimental treatment for Duchenne muscular dystrophy. The Food and Drug Administration is expected to make a decision whether to approve SRP-9001 by May 29. Sarepta's stock has gained 27.2% so far this year, while the S&P 500 has declined 15.5%.
Science.org reported Sunday that a woman participating in the joint Bigoen-Eisai Clarity AD trial of an experimental Alzheimer's treatment has died of a brain hemorrhage.
As a recession approaches, more Americans are financially falling behind.
It's been challenging to hold Alibaba's (NYSE: BABA)stock over the last two years as it lost more than 70% of its market value. As the stock price fell, investors questioned whether Alibaba had reached its prime and was bound to decline further. While it's still early, Alibaba's latest earnings result justifies my earlier decision.
Jefferies analyst Johnson Wan downgraded XPeng stock to Sell from Hold. His price target went to $4.20 from $18.60 a share.
Top executives as well as frontline workers cheered the move as the reorganization under former CEO Bob Chapek seemed to leave creative talent in the dark. After the stock's poor performance and complaints from executives, a consensus formed that Chapek wasn't right for the job, and Iger was brought back in. Disney+ is set to launch its ad-based tier on Dec. 8 in the U.S., but the company is taking a different approach from most of its streaming peers.
(Bloomberg) -- The Bahamian government blasted the person in charge of restructuring crypto exchange FTX, the latest salvo in an escalating fight over what remains of Sam Bankman-Fried’s crumbled empire. Most Read from BloombergNext Covid-19 Strain May be More Dangerous, Lab Study ShowsKey Trump 2024 Rivals Silent After His White Supremacist MeetingBahamas Attorney General Ryan Pinder on Sunday said that recent statements made in US bankruptcy proceedings by John J. Ray III were “regrettable” an
Novavax (NASDAQ: NVAX) investors are looking at a share price decline of more than 90% over the past 12 months, and the shares are now trading close to their 52-week low. Importantly, Gavi has paid Novavax $700 million in the last two years, and its $350 million payment in 2021 accounted for a large fraction of the biotech's $1.1 billion in total revenue for the year.
Shopify (NYSE: SHOP) and Coupang (NYSE: CPNG) represent two very different ways to invest in the e-commerce sector. Shopify, which is based in Canada, provides self-serve e-commerce tools that enable merchants to set up their own online stores, process payments, fulfill orders, and manage their own marketing campaigns without joining a large online marketplace like Amazon. Coupang owns South Korea's largest online marketplace.
You can fund a health savings account (HSA) to pay medical expenses by rolling over money from your IRA tax-free.
In a financial environment riddled with unprecedented levels of uncertainty, investors are at wits’ end. When it comes to finding an investment strategy that will yield returns, traditional methods might not be as dependable. So, how should investors get out of the rut? In times like these, a more comprehensive stock analysis can steer investors in the direction of returns. Rather than looking solely at more conventional factors like fundamental or technical analyses, other metrics can play a ke
Until September, there was little reason to expect that the new treatment, called lecanemab, would work.
(Bloomberg) -- As Big Tech reels from the blow of higher interest rates and slowing growth, one top-performing hedge fund manager is going against the tide to bet on the sinking shares of Facebook-owner Meta Platforms Inc. Most Read from BloombergNext Covid-19 Strain May be More Dangerous, Lab Study ShowsKey Trump 2024 Rivals Silent After His White Supremacist MeetingExpensive Silicon Valley tech would not normally feature on the shopping list for the Liontrust GF Tortoise Fund, which its manage
A Mississippi-based furniture company, United Furniture Industries, has become a bad Samaritan for its employees just before Thanksgiving. The company fired almost 2,700 employees in text messages and emails. The company’s employees, spread across North Carolina, Mississippi, and California, were unemployed before Thanksgiving. "At the instruction of the board of directors, we regret to inform you that due to unforeseen business circumstances, the company has been forced to make the difficult de
With many growth stocks trading far from their peaks, that cheer might come from the significant opportunities for bold long-term investors in 2023 and beyond. Here's what you need to know about these three stocks to buy in a bear market. Justin Pope (Roku): Roku gained some attention over the past few years as the era of streaming got underway.
Goldman Sachs thinks that being defensive on stocks is the best bet headed into a 2023 that may see a long-talked about U.S. recession.