Another celebrity couple bites the dust in Hollywood.
Investors are rattled by the FDA's request for an out-of-the-ordinary meeting dedicated to scrutinizing the company's latest drug approval request.
The shares were one of the few bright spots as markets sold off sharply, with almost every other major tech stock trading in the red.
A recent letter sent by Donald Trump seems to have renewed some hope in Fannie and Freddie shareholders.
Shares of semiconductors star Nvidia (NASDAQ: NVDA) declined 4.4% through 12:12 p.m. ET Tuesday. Specifically, Fed Chairman Jerome Powell just told a Senate panel that the Fed is considering accelerating winding down its bond-buying program and concluding its tapering "a few months sooner" than previously expected. The Nasdaq has nearly tripled in price over the past five years, and analysts attribute a lot of this growth to the fact that the Fed has been pumping as much as $120 billion a month in liquidity into the economy through its bond purchases.
On Nov. 15, institutional investors and hedge funds with at least $100 million in assets under management were required to file Form 13F with the Securities and Exchange Commission (SEC). With the latest round of 13Fs, one thing stands out: billionaires were buying stocks hand over fist. Billionaire Ken Griffin is a wildly successful investor who's known for extracting big wins from his firms' options positions.
The prospect of shareholder dilution is a gray cloud looming on the horizon for this solar industry company.
Shares of Apple (NASDAQ: AAPL) stock closed up 2.2% on Monday following a holiday weekend that featured new commentary on the company and its products from Bloomberg. Last week, if you recall, Apple shares got a boost from reports that the company is planning to build an electric car with autonomous driving capability and also has an augmented reality headset in the works -- one that will be powerful enough to work as a stand-alone device. Well, over the weekend, Bloomberg expanded on these reports, adding that Apple is also working to develop augmented reality (AR) glasses (i.e., something different from the headset) and predicting that consumers (and investors) might get their first look at the AR headset as early as June 2022 if the company decides to unveil it at Apple's planned Worldwide Developers Conference next June.
Bret Taylor named co-CEO alongside Marc Benioff. Yahoo Finance's Jared Blikre discusses.
Shares of cruise-line stocks are down again on Tuesday, with Carnival Corporation (NYSE: CCL) sliding 4.6% in 11 a.m. ET trading, and rivals Royal Caribbean (NYSE: RCL) and Norwegian Cruise Line Holdings (NYSE: NCLH) not far behind. As MarketWatch reports today, Moderna CEO Stéphane Bancel is warning that his company's Covid-19 vaccine may suffer "a material drop" in effectiveness at protecting patients from the new omicron variant of the SARS-CoV-2 coronavirus.
Wall Street has known its share of legends, but few of them have made as big a splash as “the Man Who Broke the Bank of England.” That nickname belongs to George Soros who earned the tag after famously betting against the British Pound in 1992; following the Black Wednesday crash, the hedge fund manager pocketed $1 billion in a single day. This is the stuff that Wall Street legends are made of. By then Soros was already incredibly successful and in the midst of steering his Quantum Fund to decad
Salesforce.com Inc. produced a big earnings beat in its first full quarter with Slack Technologies Inc. on board, but projections for the end of the year slammed the stock in after-hours trading Tuesday.
Fed Chair Powell and Treasury Secretary Yellen give their testimonies to the Senate Banking Committee on the outlook for inflation.
Shares of uranium mining companies Denison Mines (NYSEMKT: DNN), Energy Fuels (NYSEMKT: UUUU), and Uranium Energy (NYSEMKT: UEC) all crashed in Tuesday trading, falling 7%, 8.6%, and a disheartening 11.9%, respectively, through 1:25 p.m. ET. Since hitting its recent high of roughly $48 a pound on Nov. 15, uranium prices have twice more tried to break that barrier and resume their march toward $60 -- and twice failed, according to data from TradingEconomics.com. Today, uranium prices sit at just $47.25 a pound, which, granted, is about 50% higher than their lows of mid-August, but also still a far way away from $60.
Yahoo Finance Live's Julie Hyman breaks down some of the leading national headlines including Microsoft CED Satya Nadella selling half his stake in the company, Amazon allowing a new unionization vote in Alabama, and Lululemon firing back at Peloton with patent infringement lawsuit.
Shares of Meta Platforms (NASDAQ: FB) -- the artist formerly known as Facebook -- tumbled 3.5% in Tuesday afternoon trading, as of 3:20 p.m. ET, after Reuters reported that Britain's Competition and Markets Authority (CMA) has ordered the company to divest itself of the popular GIF website Giphy. Facebook (as it was still known at the time) bought Giphy last year in a deal valued at $400 million, giving itself and its users potentially exclusive access to the company's library of GIFs (short for the Graphics Interchange Format files used to post short, animated images on social media sites). To date, neither Facebook nor its Meta Platforms parent company have prevented users of rival social networks such as TikTok or Twitter from accessing Giphy GIFs on their own sites.
As I was extolling the virtues of Social Security’s 5.9% COLA, the Centers for Medicare and Medicaid Services (CMS) announced that they were increasing the premium for Medicare Part B by 14.5%. As a reminder, Medicare is composed of two programs. Part A, Hospital Insurance (HI), which covers inpatient hospital services, skilled nursing facilities, home healthcare, and hospice care.
You only have a couple more days to profit in two different ways from tax-loss selling. From a statistical point of view, that means you’re finding a security whose gyrations can explain or predict at least half of the movements of your tax loss sale candidate.
For the fiscal fourth quarter ended Oct. 31, revenue came in at $7.35 billion, a hair below the $7.38 billion that Wall Street expected.
Investors fear decelerating growth for leading hydrogen and fuel cell stocks like Plug Power and Bloom Energy.