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Bad news the company received today from the FDA surprised investors more than it probably should have.
Apple's (NASDAQ: AAPL) stock price climbed 3.2% on Tuesday, despite a sharp fall in the major market indices. Investors were startled by comments from Federal Reserve Chair Jerome Powell, which suggested that the powerful central bank could pull back on stimulus measures sooner than it forecasted. Many analysts had expected the Fed to adopt a more supportive stance toward the economy after health officials detected a worrisome new coronavirus strain that threatens to derail the market's recovery.
Wall Street has known its share of legends, but few of them have made as big a splash as “the Man Who Broke the Bank of England.” That nickname belongs to George Soros who earned the tag after famously betting against the British Pound in 1992; following the Black Wednesday crash, the hedge fund manager pocketed $1 billion in a single day. This is the stuff that Wall Street legends are made of. By then Soros was already incredibly successful and in the midst of steering his Quantum Fund to decad
There are at least four signs that appear when equities are approaching the abyss.
Satya Nadella sold 838,584 shares between Nov. 23 and Nov. 24. The move comes a month before Washington state's capital gains tax goes into effect.
Multiple factors are making investors in the EV stock very jittery.
Investors are rattled by the FDA's request for an out-of-the-ordinary meeting dedicated to scrutinizing the company's latest drug approval request.
The shares were one of the few bright spots as markets sold off sharply, with almost every other major tech stock trading in the red.
The total U.S. equity market capitalization is about 215% of U.S. gross domestic product---the highest level ever. Sky-high market caps to GDP have come just before hard times for Wall Street.
The professor is known for being bullish on stocks, yet even he says trouble’s coming.
Shares of Vir Biotechnology (NASDAQ: VIR) were soaring 18.5% as of 11:08 a.m. ET on Tuesday. The big gain came after H.C. Wainwright analyst Patrick Trucchio boosted his price target on Vir from $135 to $200. Several analysts are bullish about Vir's prospects.
AT&T Inc. shares are leading a wireless selloff Tuesday after the company gave a presentation at an investor conference that one analyst said "reinforced market fears" about what its customer-acquisition spending could mean for broader industry trends.
Bret Taylor, who has been president and chief operating officer, was promoted to co-CEO with Marc Benioff.
The stock market was having a rough day on Tuesday, with all three major averages in the red. At 1 p.m. ET, the Dow Jones Industrial Average, S&P 500, and the Nasdaq Composite were all lower by 1.5% or more.
Stock futures opened higher Tuesday evening to recover some losses after a selloff earlier, when more hawkish remarks from Federal Reserve Chair Jerome Powell compounded with lingering uncertainty around the Omicron variant and its impacts on the economy
On Nov. 15, institutional investors and hedge funds with at least $100 million in assets under management were required to file Form 13F with the Securities and Exchange Commission (SEC). With the latest round of 13Fs, one thing stands out: billionaires were buying stocks hand over fist. Billionaire Ken Griffin is a wildly successful investor who's known for extracting big wins from his firms' options positions.
What kind of stocks stir up controversy like no other? Penny stocks. These tickers trading for less than $5 per share have earned a reputation as some of the most divisive names on Wall Street, with these plays either met with open arms or given the cold shoulder. It’s understandable why some investors are wary. Those opposed are quick to point out that there could be a very real reason these stocks are changing hands for pocket change, with the low share prices often masking obstacles like weak
Yahoo Finance Live's Julie Hyman breaks down some of the leading national headlines including Microsoft CED Satya Nadella selling half his stake in the company, Amazon allowing a new unionization vote in Alabama, and Lululemon firing back at Peloton with patent infringement lawsuit.
Amid Beijing crackdowns and other headwinds for U.S.-listed China companies, here are the best Chinese stocks now.
Reddit's Apes are a little miffed that "an incorrect entry" caused 11 million loanable, and short-able, GameStop shares to seemingly appear overnight.
A recent letter sent by Donald Trump seems to have renewed some hope in Fannie and Freddie shareholders.