April 24 (Reuters) - AT&T Inc said Friday that Chief Operating Officer John Stankey will take over as chief executive officer, effective July 1.
The announcement was made during AT&T's annual meeting. (Reporting by Sheila Dang Editing by Chizu Nomiyama)
Lucid (LCID) shares soared as much as 88% on Friday and were repeatedly halted for volatility following speculation that Saudi Arabia's Public Investment Fund is considering buying a remaining stake in the luxury electric vehicle startup.
A new era is about to begin at Toyota. The reasoning of the Japanese behemoth has always been that consumers were not ready to adopt electric vehicles. As a result, Toyota favored a policy of small steps.
Asia's richest man is rocked by a U.S. short-seller's allegations of fraud and money laundering.
Apple earnings and the Fed meeting loom, but don't sit out a possible "life-changing" market rally. Tesla rival BYD is an aggressive buy.
Yahoo Finance Live co-host Seana Smith checks out some of the stocks trending in the after-hours trading session.
Right now, the average price for a loaf of bread is, approximately, $1.87. Under a new law proposed by House Republicans, that price would go up to more than $2.50. This would be the result of the Fair Tax Act, … Continue reading → The post Congress to Vote on Whether to Abolish the IRS and Introduce One National Tax Rate appeared first on SmartAsset Blog.
Plug Power (NASDAQ: PLUG) disappointed investors with its latest business update, and its shares were punished yesterday. As of 3:45 p.m. ET Friday, shares of the hydrogen production and fuel cell company were higher by 3.4%. Responses to the update shared by Barron's today included Evercore ISI analyst James West writing that it was "full steam ahead in 2023" for Plug Power.
Is it the key to better mental health? Or just plain lazy?
Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) CEO Warren Buffett has been a money machine for his shareholders since taking the reins in 1965. Through this past weekend, he's presided over a nearly 3,800,000% increase in the value of Berkshire's Class A shares (BRK.A).
STOCKSTOWATCHTODAY BLOG Lucid soared Friday, a move that is being attributed to unconfirmed rumors that the company could be acquired. Lucid (LCID) stock started moving just after noon Friday, and had nearly doubled, to $17.
The Nasdaq Composite index, which has a bigger than average share of tech stocks in it, plunged 33% for the year as inflation and interest rates climbed. A look back at the Nasdaq Composite's 51-year history shows that back-to-back losing years are incredibly rare. The broader tech sell-off was brutal for the following five stocks, but if history repeats for the Nasdaq, these five tech stocks could have a great 2023 too.
Two-year U.S. Treasury notes were yielding 4.22% early Friday, while 10-year Treasury notes were yielding 3.56%. A lower long-term interest rate means investors expect to profit when a slowing economy causes the Federal Reserve to change its policy and push interest rates down. Bond prices move in the opposite direction and long-term prices are more sensitive.
Today's video focuses on Nvidia (NASDAQ: NVDA) and recent news that its products will be used to upgrade the Berzelius supercomputer at Linköping University in Sweden. The supercomputer will use various Nvidia products, from its data center infrastructure solutions to numerous software solutions.
Don't beat yourself with someone else's yardstick.
Let's see if some analysis can provide the answer to whether or not investors should consider SoFi stock right now. Today, while student financing remains a major part of its business, it offers a broad array of services, such as personal banking, investing, credit cards, and mortgages.
After it was voted down, Mullen's stock raced to a 10% increase over the course of the week, according to data compiled by S&P Global Market Intelligence. In a special meeting of shareholders held on Wednesday, Mullen conducted a vote on that reverse stock split. While maintaining a stock market listing isn't do-or-die for businesses, maintaining a presence is vital for both prestige and for potential capital-raising efforts in the future.
The electric vehicle (EV) market is growing fast, and by 2030 an estimated 60% of new vehicle sales will be EVs, according to the International Energy Agency. All of these new EVs will need a place to charge, and ChargePoint Holdings (NYSE: CHPT) is hoping that many of them get their electron fix from its charging stations in the coming years. To better understand the company's potential and its hurdles, let's look at what's happening with ChargePoint right now and where it's headed in the next few years.
On a modestly up day for tech stocks, with the tech-heavy Nasdaq up nearly 1 full percentage point as of 12:25 p.m. ET, shares of tech giant Amazon (NASDAQ: AMZN) are doing better than most -- rising a solid 3%. It would seem they're doing so for a very "techie" reason: non-fungible tokens (NFTs). An Amazon NFT initiative is coming soon, said crypto news source Blockworks in a report late yesterday afternoon.
My wife and I are 70 years old. We've paid off everything, including the house. Between my pension of $29,000 and Social Security, we're getting a gross of $99,000 a year in income, which is more than enough. Our current … Continue reading → The post Ask an Advisor: We Are 70 Years Old, Have $99K in Retirement Income, a $1.4M IRA and Other Investments. Is It Too Late to Convert to a Roth? appeared first on SmartAsset Blog.
While the overall stock market direction so far this year remains up, the path ahead still presents plenty of potential headwinds. Inflation has yet to be properly tamed, the geopolitical map remains uncertain with Russia’s invasion of Ukraine still ongoing and Covid variants could reappear at any time. Add in the prospect for a fiery battle in Congress around raising the debt ceiling, and Oppenheimer’s Chief Investment Strategist John Stoltzfus thinks market volatility is “unlikely to leave the
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