(Bloomberg) -- A “rocky” stretch for U.S. stocks is far from over, with the tech-heavy Nasdaq indexes poised to fall into bear markets thanks to the Federal Reserve’s newfound zeal to undercut inflation, according to Jeremy Siegel, finance professor at the Wharton School of the University of Pennsylvania. Most Read from BloombergStocks Storm Back From 4% Rout to Close Higher: Markets WrapBiden Has ‘Great Meeting’ With European Leaders: Ukraine UpdateChina’s ‘Little Giants’ Are Its Latest Weapon
Despite recent volatility, Wall Street and investors have enjoyed a record-breaking run. The benchmark S&P 500 took less than 17 months to double off of its coronavirus pandemic lows set in March 2020, and the index logged nearly six dozen record-closing highs last year. The first top stock that could make you richer in January and well beyond is biotech stock Novavax (NASDAQ: NVAX).
Markets are down significantly from record highs; in fact, the NASDAQ has entered correction territory, with a decline of 15% while the S&P 500’s decline is still at ~9%. These price declines come as the Federal Reserve signaled it will be raising rates this year. While higher interest rates will knock down inflation, stock markets are likely to take a tumble when the hikes come – and analysts are predicting anywhere from 2 to 4 rate hikes this year. The end of the central bank’s supportive poli
Yahoo Finance's Jared Blikre details IBM's Q4 earnings report in which it beats estimates.
Shares of Chinese electric-vehicle maker Nio (NYSE: NIO) opened sharply lower in U.S. trading on Monday amid a broad market sell-off triggered by rising global tensions and interest rate fears ahead of a key U.S. Federal Reserve meeting. As of 10:15 a.m. ET, Nio's American depositary shares were down about 11.9% from Friday's closing price. Nio was just one of many companies that saw their shares hit hard in early trading on Monday.
The Biden administration is preparing to release a government-wide strategy to regulate crypto as early as February
The bullish case for owning COVID-19 vaccine makers is weakening as much of the world throws in the towel on trying to curb the spread of the coronavirus.
(Bloomberg) -- Bridgewater Associates founder Ray Dalio said there’s a “reasonable chance” neither major U.S. political party will accept the results of the 2024 election.Most Read from BloombergStocks Storm Back From 4% Rout to Close Higher: Markets WrapU.S. Futures Fall, Stocks Are Mixed on Fed, Russia: Markets WrapBiden Has ‘Great Meeting’ With European Leaders: Ukraine UpdateHong Kong Billionaire Loses Half Her Fortune on China ProbeChina’s ‘Little Giants’ Are Its Latest Weapon in the U.S. T
As inflation has gained traction in the last year, commentators constantly remark about how it is particularly hard on retirees who live on a “fixed income.” Retirees do not live on fixed incomes. The 60% of households in the lower portion of the income distribution receive the bulk of their retirement income from Social Security (see Table 1).
In case you hadn't noticed yet, the stock market kind of curled up in a ball and died today. Of particular interest to growth investors today is the fact that some of the fastest growing e-commerce stocks in the world are going on sale, with shares of MercadoLibre (NASDAQ: MELI) down 8.6%, Shopify (NYSE: SHOP) falling 10%, and Sea Limited (NYSE: SE) leading the pack lower with a 12.3% loss. As it turns out, Shopify is the only one of the three with any obvious news on the wires, and even that news isn't too awfully bad.
PC and gaming peripherals company Logitech posted better-than-expected results in its fiscal third quarter, a positive sign for the PC and home office sectors. Logitech now sees sales increasing between 2% and 5% in constant currency, with non-GAAP operating income ranging from $800 million to $900 million. Previous full-year guidance had called for flat sales, with non-GAAP operating income of between $800 million and $850 million.
New Constructs CEO David Trainer joins Yahoo Finance Live to discuss Netflix's overvaluation in relation to its slowing subscriber growth, the streaming service's ability to monetize content, and competing with other streaming platforms.
DEEP DIVE Monday’s stock-market decline accelerated, and a closer look at the day’s worst performers highlighted painful double-digit year-to-date drops. The Dow Jones Industrial Average (DJIA) was down as much as 820 points (or 2.
According to Peng Cheng, a markets strategist at JPMorgan, retail investors aggressively dumped stocks at the beginning of the day.
Pfizer (NYSE: PFE) will report its fourth-quarter results on Feb. 8 and investors are bound to find answers to questions about the company's ongoing performance. Aside from the usual slew of clinical trial updates and new pipeline projects, all eyes will be on sales of Comirnaty and Paxlovid, the pharma company's two commercialized coronavirus medicines. Let's take a moment to consider the most relevant factors for investors as they make buying or selling decisions when the earnings report is published next month.
(Bloomberg) -- Nvidia Corp. is quietly preparing to abandon its purchase of Arm Ltd. from SoftBank Group Corp. after making little to no progress in winning approval for the $40 billion chip deal, according to people familiar with the matter. Most Read from BloombergStocks Storm Back From 4% Rout to Close Higher: Markets WrapU.S. Futures Fall, Stocks Are Mixed on Fed, Russia: Markets WrapBiden Has ‘Great Meeting’ With European Leaders: Ukraine UpdateHong Kong Billionaire Loses Half Her Fortune o
In his 2022 letter to CEOs, BlackRock (BLK) CEO Larry Fink urged other heads of companies to prepare for and participate in the green transition as part of a broader defense of stakeholder capitalism.
Tilray Brands (NASDAQ: TLRY) is the top marijuana producer in Canada and has set its sights on growing its presence in the U.S. and internationally. Tilray needs it to be legal. Towards the end of the company's earnings call, Simon expressed doubt that the U.S. will legalize marijuana and that it could be well into 2024 before it might happen.
Software giant Microsoft has earned plaudits for its successful pivot from desktop computing to cloud computing. Many investors may be wondering: Is Microsoft stock a buy right now?
Nvidia GPUs power self-driving cars and cloud gaming, with the chip giant also expanding fast into the metaverse. Is Nvidia stock a buy?