Shares of Airbnb (NASDAQ: ABNB) finished lower today as Morgan Stanley downgraded the stock and due to a broader sell-off on fears of a recession. Morgan Stanley analyst Brian Nowak lowered his rating from equal weight to underweight on the home-sharing stock as he foresaw constrained supply growth for the company. Nowak noted that supply growth, or available listings, are a key driver of Airbnb's business as it needs both new supply and demand to grow revenue.
Four new Clydesdale foals were born recently, beer maker Budweiser announced just in time for the Super Bowl, but you can't see them in ads Sunday.
Traders took heart that Fed Chair Jerome Powell, when he wasn’t being questioned by David Rubinstein on how he gets by on $190,000 per year, didn’t commit on Tuesday to having to be even more aggressive on interest rates given the huge 517,000 surge in nonfarm payrolls. Powell said rates would have to go even higher than the market currently expects “if we continue to get” strong labor market or higher inflation reports. Economists at Morgan Stanley point out that the January number reflects three factors it believes to be temporary: unusually warm weather, the resolution of California higher-education strikes and a very strong seasonal adjustment boost.
Tesla is sending out invites to its highly anticipated Investor Day on March 1st, but CEO Elon Musk says there will be more to come — his Master Plan part 3.
V.F., an S&P 500 Dividend Aristocrat, raised its payout for at least 25 straight years before cutting. Here's how to select dividend stocks for safety.
Annaly (NLY) delivered earnings and revenue surprises of 3.49% and 61.06%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?
Digital Turbine (APPS) delivered earnings and revenue surprises of -21.62% and 12.24%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?
This promise was made via a signed promissory note, and the return was less than the annual return I had been experiencing years before. The question I have is twofold: What’s the best way to mend and repair the relationships with friends and family, and to what extent could I be faced with punitive legal action? Promissory notes are typically used in real estate, automobile, college and/or personal loans.
Shares of Google parent Alphabet are down in Wall Street trading after a glitch in the company’s new artificial intelligence (AI) platform, Bard, contributed inaccurate information in promotional video.
The Biden administration’s new stock buyback tax will have little impact on the overall stock market. This tax has set off alarm bells in some corners of Wall Street, on the theory that buybacks were one of the biggest props supporting the past decade’s bull market — and anything weakening that prop could lead to much lower prices. One reason is that the new excise tax — whether 1% or 4% — is applied to net buybacks — repurchases in excess of how many shares the corporation may have issued.
Question: I’m in Maryland and could use a financial planner for my Roth IRA and my TSP [a retirement savings plan for government employees] to make investment suggestions and help manage my funds to improve returns. My Roth IRA is about $80,000 and I really need help finding the right investments to grow this account in this terrible environment. “Not all financial planners require a minimum number of assets to work with you,” says certified financial planner Jonathan Grannick of Wonder Wealth.
The days of $100 oil may not be over.
“This time is different,” Burry tweeted Tuesday, including a chart that showed the roughly 40% stock market drop—and multiple bear market rallies—that occurred during the dotcom bubble.
These are the stocks making moves in after-hours trade.
Shares of electric-vehicle maker Tesla continued their rebound Wednesday, rising above the $200 barrier. Take some profits now.
The telecommunications company pressed the reset button and disappointed Wall Street with its outlook in a Tuesday afternoon report
After intense backlash surrounding what appeared to be the first signs of Netflix's upcoming password sharing crackdown, the company clarified no official announcements have been made outside of the current test countries.
Every investor is in the stock market to find a solid return. That’s the bottom line, and while it sounds simple, the trick is finding stocks that are primed for gains and will make the inherent risk worthwhile. Risk can’t be avoided in the markets, and it usually increases in a direct relationship to a stock’s return potential. And there are few stock segments that offer a higher return potential for the risk involved than the penny stocks, those equities priced at $5 or less. When we say high
Of the 50 U.S. states, 39 and the District of Columbia do not levy a tax on Social Security benefits.
There are strong companies behind the current artificial intelligence mania.
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