The 48-hotel portfolio was acquired from Inland American Real Estate Trust for $1.1 billion in 2014.
The tech-heavy Nasdaq took off like a rocket this morning, and took semiconductor stock Nvidia (NASDAQ: NVDA) along for the ride. Just after noon ET, however, the rally started to sputter, and by the time trading for the day was done, not only had the Nasdaq given up all its gains, but Nvidia stock closed down 3.7% for the day. In the case of the Nasdaq as a whole, I fear that investors may have jumped the gun, presuming that after the Nasdaq met the definition for a stock market correction (down 10% from its high), the light would turn green for tech stocks to resume marching higher again.
Yahoo Finance's Jared Blikre details Netflix's stock drop-off at the market's close amid its earnings reports showing misses on subscriber and growth estimates.
As earnings season ramps up, Netflix kicked the reporting period off for big tech when it unveiled its fourth quarter results after the bell on Thursday. Here were the main metrics from Netflix's report, compared to consensus estimates compiled by Bloomberg.
Peloton shares get crushed on reports of a production halt.
Charles Schwab Chief Global Investment Strategist Jeffrey Kleintop joins Yahoo Finance Live to discuss the outlook for the stock market.
Santosh Rao, Head of Research at Manhattan Venture Partners, joins Yahoo Finance Live to discuss Netflix's fourth quarter earnings, the need to gain more subscribers, and competition in the streaming space.
World Economic Forum President Borge Brende joins Yahoo Finance to talk about global themes including polarization, U.S.-China relations, and net zero carbon emissions.
Green energy stocks are among today's bigger winners, with fuel cell leaders Plug Power (NASDAQ: PLUG) and Bloom Energy (NYSE: BE) gaining 8.6% and 6%, respectively. Also moving higher is solar panel microinverter maker Enphase Energy (NASDAQ: ENPH), scoring a 5.1% gain as of 10:10 a.m. ET. This morning, you can't throw a rock on Wall Street without hitting one banker or another that is cutting price targets on renewable energy stocks.
CFA and owner of Portia Capital Management Michelle Connell joins Yahoo Finance Live to discuss Big Tech, energy and financial sector fund data, commodity futures, and Fed policy makers expecting three interest rate hikes in 2022.
(Bloomberg) -- Most Read from BloombergEarly Omicron Breakthroughs Show mRNA Vaccines’ WeaknessWhy Some Vaccinated People Resist Omicron and Others Don’tThailand to Resume Quarantine-Free Tourism as Covid EasesBiden Expects Russia to ‘Move In’ on Ukraine; Warns of SanctionsOmicron Is a Bigger Risk for the Young, Medical Data ShowsJeremy Grantham, the famed investor who for decades has been calling market bubbles, said the historic collapse in stocks he predicted a year ago is underway and even i
U.S. stocks struggled for direction Thursday afternoon after staging a comeback from a turbulent previous session as investors weighed a series of upbeat earnings and a fresh read on weekly jobless claims out of Washington.
Though crashes and corrections are inevitable, they're also an ideal opportunity to buy great stocks at a discount.
BioNTech (NASDAQ: BNTX) stock is taking the worst drubbing, down 19.7% as of the market close on Thursday. Moderna's (NASDAQ: MRNA) shares were sinking 17.2%. Novavax (NASDAQ: NVAX) and Ocugen (NASDAQ: OCGN) stocks were falling 18.5% and 16.2%, respectively.
The yield-sensitive Nasdaq Composite Index on Wednesday logs its first close in correction territory since March. Here's what history says happens next.
Rivian investment gains to increase Ford's book value
(Bloomberg) -- Farm equipment giant John Deere boasted record profits in 2021 as the global pandemic made consumers and countries more reliant than ever on a functioning agricultural sector. Also last year, unionized workers demanded a piece of the company’s growing pie, and after a strike forced John Deere to provide better compensation to the men and women who make its products.Most Read from BloombergEarly Omicron Breakthroughs Show mRNA Vaccines’ WeaknessWhy Some Vaccinated People Resist Omi
A report in a German trade publication has interesting implications for the Chinese EV maker.
After some big sell-offs, the market is rallying today, and Palantir (NYSE: PLTR) is getting a boost from the momentum. The data analytics specialist's share price was up roughly 5.7% as of noon ET on Thursday. In the absence of any fresh, business-specific news, Palantir stock has frequently made outsize moves in conjunction with the market's shifting appetite for growth-dependent technology companies.
Yahoo Finance's Emily McCormick and Adam Shapiro discuss how revenues for airlines are declining amid the surge in Omicron cases, Peloton shares are falling today, and Luminar stock is rising on reports of a self-driving deal with Mercedes-Benz.
Select analysts and investment banks see "high" return potential for these cannabis stocks.