Shares of CrowdStrike plummeted after the company's third-quarter earnings results showed its Q4 revenue guidance missed expectations.
Americans trying to save some cash for unforeseen expenses are up against a lot — months of red-hot inflation, wages that don’t keep up, the sheer difficulty of delayed gratification in a time when people spend billions of dollars online in one day. “It won’t happen, it has never happened and unless employers start to help employees do that, we’re heading, really, down hill very fast,” she said. The savings rate has not been helped by the end of pandemic-era government benefits.
Standing here at the tail end of 2022, we can see the next year through the mist of uncertainty – and for now, that view is dominated by high inflation, rising interest rates and potential recession. Looking at the market situation, Goldman Sachs strategist Christian Mueller-Glissmann writes: "We remain defensive for the 3-month horizon with further headwinds from rising real yields and lingering growth uncertainty... The growth/inflation mix remains unfavorable – inflation is likely to normaliz
Investors may be reacting to positive short-term news, but a longer-term development also provided them with a boost of confidence.
Shares in pharmaceutical companies rose after the publication of a paper detailing the apparent benefits of the lecanemab drug.
Sorrento Therapeutics Inc (NASDAQ: SRNE) released topline Phase 2 SAD/MAD study data of its oral main protease (Mpro) inhibitor, STI-1558, conducted in 58 healthy volunteers in Australia. The SAD portion of the study evaluated doses from 300 mg to 2,000 mg, and the MAD portion evaluated 300 mg, 600 mg, or 800 mg BID (twice daily) for 7.5 days. In addition to the Mpro inhibition, which can block viral replication, STI-1558 has cathepsin L inhibition, preventing viral entry into the host cell. Rel
It has been a difficult year for SoFi (NASDAQ: SOFI) shareholders, with shares of the one-stop-shop financial services company down a whopping 70% so far this year. Like most tech and fintech stocks, the company has struggled in the face of rising interest rates, volatile market conditions, and a bleak economic outlook including the potential for a recession sometime in 2023 or 2024. The company has also taken several big steps, including completing its purchase of Golden Pacific Bancorp and its accompanying bank charter at the very start of this year.
Amazon's stock could see some further selling. Here's how much, estimates one tech analyst.
If bank assets are marked to market, the U.S. sector is insolvent, according to an independent analyst.
Who wouldn't want to retire early? The question is, how much will it cost? Here's a quick and dirty way to get an answer.
"The decision ... is in no way a reflection of the quality of the BBH franchise," said State Street Chairman Ron O'Hanley. The termination of the deal does not require either BBH's unit or State Street to pay any penalties. Shares of State Street rose nearly 2% before the bell.
XPeng expects to deliver about 20,500 vehicles in the fourth quarter, down from 29,570 delivered in the third quarter and 34,422 in the second quarter of 2022.
Financial experts break down what you need to earn to afford a median-priced home in the United States.
Even the best stock pickers will make plenty of bad investments. And unfortunately for Snowflake Inc. ( NYSE:SNOW...
Royal Bank of Canada (the "Bank") (TSX: RY) (NYSE: RY) announced today that its board of directors has declared an increase to its quarterly common share dividend of four cents or three per cent, to $1.32 per share, payable on and after February 24, 2023, to common shareholders of record at the close of business on January 26, 2023.
Credit Suisse shares and bonds took another hit on Wednesday in a sign the embattled Swiss bank is struggling to regain investor confidence ahead of a planned $2.4 billion fundraising to help pay for a major overhaul. Credit Suisse rights for its 2.24 billion Swiss francs ($2.4 billion) share issue were down 3%, having reversed initial gains. The bank's bonds were also under pressure, with additional tier 1 dollar bonds down as much as 2.7 cents and many sinking below the levels seen during a sell off in the bank's shares and bonds in early October, Tradeweb data showed.
Reaching $1,000 in dividend income might be more within reach than you expect with this high-yielding Dividend King.
Burning fossil fuels emits a significant amount of carbon dioxide into the atmosphere, which impacts the environment. While carbon dioxide is a big problem for the oil and gas industry, many energy companies are starting to see an opportunity. Oil giant ExxonMobil (NYSE: XOM) estimates that capturing carbon dioxide and storing it underground (i.e., carbon capture and storage, or CCS) could become a $4 trillion market by 2050.
Shares of Israeli container shipping company ZIM Integrated Shipping Services (NYSE: ZIM) tumbled 3.4% through 11:05 a.m. EST Monday -- and it's no huge secret why. Across the shipping world, stocks including ZIM, Costamere, and Danaos Corporation are all sliding today. As multiple media outlets have reported, protests against a government "zero-Covid" policy are spreading across China, threatening both the ruling regime's stability, the country's economy, and its ability to produce products that would need container shipping services to reach foreign markets.