The outspoken CNBC host and contributor makes his case when asked which automaker stock he'd rather own.
Intel is facing a "changing of the guard" in the chip industry as two competitors steal a page for its playbook, according to an analysis published by Bloomberg last week. After Intel Corp. (Nasdaq: INTC) reported earnings reflecting an "astonishingly bad" performance, two rivals, Taiwan Semiconductor Manufacturing Co. (NYSE: TSM) and Samsung have proved themselves as better positioned to weather a current demand downturn, according to Bloomberg. TSMC in particular "has caught and passed Intel quicker than even the most optimistic analysts had predicted," the according to the report.
Steve Eisman says some market paradigms get deeply embedded in people’s minds. “They can’t even imagine, at times, that there could be anything else.”
Shares of hydrogen fuel cell company Plug Power (NASDAQ: PLUG) were down about 5.5% as of 1:30 p.m. ET on Monday, presumably responding to a report from Euronews that suggested the prospects for building a hydrogen economy may no longer be as bright as once thought. Citing data from non-governmental organization Global Witness, Euronews noted today that converting Europe's economy alone to run on hydrogen gas would cost 240 billion euros -- and double the cost of electricity for consumers. Over the past few years, predictions for the growth rate of the hydrogen economy have been ... optimistic, shall we say.
Bed Bath & Beyond's (BBBY) stock sank 24% after the embattled retailer announced it will raise as much as $1.025 billion through an equity offering.
The crisis engulfing the Adani Group intensified on Monday as hundreds of members of India's opposition parties took to the streets to press for a probe into allegations by a U.S. short-seller against the conglomerate which triggered its market rout. Shares in billionaire Gautam Adani's companies have been in free-fall since a Jan. 24 critical report by Hindenberg Research, with group cumulative market losses now topping $110 billion, sparking fears of wider financial contagion. Opposition parties, who last week called for a parliamentary panel to investigate the saga and disrupted proceedings, have questioned Indian Prime Minister Narendra Modi's closeness with Adani.
It's a tech-astrophe out there. But you have options.
Tesla has gained 91% since Jan. 6 bear-market lows, but this Tesla bull just hiked his stock price target.
U.S. stock futures rose on Tuesday ahead of eagerly anticipated comments from Federal Reserve Chair Jerome Powell
Nvidia stock has been trading incredibly well on the long side. Here's where to buy the dip next.
Business magnate Warren Buffett has long been hailed as one of the greatest value investors in modern America. Through decades of mergers and acquisitions, great investments and adhering to austere investing principles, Buffett earned this title as well as the title World's Richest Person in 2008. Buffett invested in the early stages of The Coca-Cola Co., American Express Co. and several other modern behemoths, mostly before they were the titans you know today. But even Buffett has made some poo
Digital bank and one-stop-shop financial services company SoFi Technologies (NASDAQ: SOFI) recently delivered a good beat on earnings for the fourth quarter. There's the lending division, which houses almost all of its lending products, including student, personal, and home loans. Lending is regularly SoFi's most profitable division, while its financial services segment is regularly its biggest money loser.
Canoo , a young electric vehicle manufacturer, just made a big announcement to help pursue its efforts to supply delivery vehicles to WalMart and others. The company, which began testing vehicles late last year with WalMart, raised additional capital on Monday by selling new shares to institutional investors. The new shares were sold to investors at a discount in a direct offering and will net Canoo $52.5 million.
It's rarely comforting when an institutional investor cuts its stake in a company. In a regulatory document filed that morning, financial services company State Street disclosed that it currently holds just under 53.9 million shares of Lumen's common stock, giving it a stake of slightly over 5.2% in the telecom. State Street has not yet publicly commented on its shift, nor has Lumen formally addressed it.
Yahoo Finance autos reporter Pras Subramanian joins the Live show to examine Tesla's schedule to start manufacturing on the Cybertruck, as well as EV maker Canoo's plans to fundraise $52.5 million in discounted shares sale.
How is social security taxed in 2023? Here are the rules used to calculate how much you might owe on your benefits.
(Bloomberg) -- Occidental Petroleum Corp. may redeem Berkshire Hathaway Inc.’s preferred stock this year as the oil giant prioritizes share buybacks over production growth, said Chief Executive Officer Vicki Hollub. Most Read from BloombergQuake Toll Hits 4,000 in Turkey, Syria as Overseas Aid FlowsTurkey’s South Hit by a Second High-Magnitude EarthquakeDell to Cut About 6,650 Jobs, Battered by Plunging PC SalesUS Moves to Recover Chinese Balloon While Weighing RetaliationChina Moves From Contri
When looking for the best artificial intelligence stocks to buy, identify companies using AI technology to improve products or gain a strategic edge.
Tesla is raising the price for the Model Y after the U.S. government issued a rule change, for its EC tax credit... Here’s what you need to know: Tesla hiking the price of its Model Y Long Range by 2%, giving the electric vehicle a new price tag of $54,990. The price hike is coming on the heels of a significant rule change, for how the government defines an SUV, allowing more vehicles to fall within the SUV category, and still qualify for the federal government’s $7,500 EV tax credit, even at higher prices. Tesla CEO Elon Musk has publicly criticized the government’s eligibility rules in the past, and just last week met with top White House officials to discuss “shared goals around electrification,” and advancing electric vehicle production. The adjusted guidance now caps the Model Y’s eligibility for the tax credit at $80,000, giving Tesla a lot more room to run, in terms of incrementally raising prices. The bottom line for consumers looking at EVs— you might want to order one now, before prices rise again.
AbbVie's (ABBV) Q4 performance will likely reflect strong drug demand from its immunology and neuroscience franchises. Investors will also enquire about ABBV's plans to counter Humira LOE.