The electric vehicle truck maker also suspended its production guidance to give Richard F. Dauch time to calm the waters.
U.S. stock futures fell sharply on Monday, with those for the Dow Jones Industrial Average tumbling 500 points, as Hong Kong-listed property companies came under fresh pressure. Investors also were positioning ahead of this week’s Federal Open Market Committee meeting. How are stock futures trading?
The S&P 500 had already dropped below its 50-day moving average on Friday, an important resistance point for the index.
(Bloomberg) -- Growing investor angst about China’s real estate crackdown rippled through markets on Monday, adding pressure on Xi Jinping’s government to prevent financial contagion from destabilizing the world’s second-largest economy.Hong Kong real estate giants including Henderson Land Development Co. suffered the biggest selloff in more than a year as traders speculated China will extend its property clampdown to the financial hub. Intensifying concerns about China Evergrande Group’s debt c
(Bloomberg) -- Sinic Holdings Group Co. has halted trading after an 87% slump in its shares Monday afternoon. The Shanghai-based developer didn’t give any reason for the trading halt in Hong Kong. The sudden selloff in the last two hours leading up to the suspension was accompanied by a surge in trading volume that was about 14 times its average in the past year, according to Bloomberg-compiled data. The company has a 9.5% $246 million bond due on Oct. 18 and Fitch Ratings revised its outlook to
(Bloomberg) -- Stocks in Europe plunged and U.S. equity futures declined at the start of a week abounding with risks including spillover from China Evergrande Group’s debt woes, falling commodity prices and the Federal Reserve policy meeting. Treasury yields fell.The Stoxx Europe 600 index dropped 1.9%, on track for the biggest decline in two months. Raw materials led the broad-based retreat as iron ore extended a slump below $100 a ton after China stepped up restrictions on industrial activity.
It’s been a bearish start to the week for the majors. Failure to revisit last week’s highs early in the week will likely leave the majors under pressure.
The energy sector’s production companies benefit from dealing in commodities – oil and gas – that are always in demand. They have high overhead, but they also have a ready market for the product and consequent strong cash positions. Using that strong cash-flow, the companies have been following two strategies to boost their shares; First, they are simply buying back shares to support the price. And second, they are paying out high dividend yields, offering investors a steady income stream from t
Top news and what to watch in the markets on Monday, September 20, 2021.
Here's how to dabble in the most popular investment in human history.
With the S&P 500 just below its 50-day, the market rally is at a turning point with a key Fed meeting on tap. What should investors do now?
It might seem tough to find cheap tech stocks as the Nasdaq hovers near all-time highs. Let's take a closer look at three of those undervalued tech stocks: Cisco (NASDAQ: CSCO), Ericsson (NASDAQ: ERIC), and Skyworks Solutions (NASDAQ: SWKS). Cisco is often considered a slow-growth tech stock, since it generates most of its revenue from networking switches and routers.
Shares of Boston Omaha, co-run by Alex Buffett Rozek, are outperforming Berkshire Hathaway stock this year. Boston Omaha just trimmed an investment in Dream Finders Homes last week.
A few publicly traded companies have reached trillion-dollar valuations, and many more are worth hundreds of billions. Three Motley Fool contributors think Square (NYSE: SQ), Netflix (NASDAQ: NFLX), and Taiwan Semiconductor Manufacturing (NYSE: TSM) have a shot.
This trend may continue through to the end of the year — here's why.
If you invested in COVID-19 vaccine maker Moderna (NASDAQ: MRNA) last year, you're likely sitting on a fantastic return, as the stock is up more than 500% in 12 months (the S&P 500 has increased by just 31%). With a pricey valuation that's significantly higher than analyst price targets and a business that today is dependent on COVID-19, it may only be a matter of time before a correction takes place. Moderna could soon face more competition in the U.S.
Not many know what a powerful wealth compounding machine dividend stocks are. With reinvested dividends, those gains more than doubled to over 2,400%, proving time and again why dividend stocks are so worthy of your money. While you must never chase yields blindly, there's nothing like it if you can invest in dividend stocks that support their high yields with stable and growing dividends.
(Bloomberg) -- Australia’s top three iron ore miners have shed a combined $109 billion in share value in less than two months -- roughly equivalent to the market cap of General Electric Co. -- following a record-breaking price rout.It’s a dramatic reversal of fortunes for Rio Tinto Group, BHP Group and Fortescue Metals Group Ltd., which only last month were showering record dividends on shareholders after prices of the steel-making ingredient surged to an all-time high above $230 a ton in May. T
Investors' main focus this week will be on the Federal Reserve's September monetary policy meeting, which will set the stage for more debate around the timing of tapering and the outlook for the economy. Other economic data out this week will focus on the housing sector.
Seventeen-year-old Dylan Jin-Ngo became fascinated with the stock market when he was in sixth grade. Now the Huntington Beach teen spends much of his free time teaching other kids about markets.
Semiconductor manufacturer Intel (NASDAQ: INTC) was asleep at the wheel as rival Advanced Micro Devices (NASDAQ: AMD) rose from the dead. AMD's products were terrible from 2011 through 2017, built on a failed architecture that came nowhere close to competing with Intel. AMD is now on the fourth generation of Zen, and its chips have surpassed Intel on essentially every metric.