Yahoo Finance Plus Jan 26 (Reuters) - The U.S. Securities and Exchange Commission on Thursday rejected a proposal to offer spot bitcoin exchange-traded funds (ETF) from Fidelity's Wise Origin Bitcoin Trust.
The move is the latest in a series of rejections by the market regulator to approve an ETF that tracks the underlying digital asset. (Reporting by Medha Singh in Bengaluru; Editing by Arun Koyyur)
Yahoo Finance's Emily McCormick breaks down quarterly earnings for Costco and Gap.
General Electric explores the potential for 100% hydrogen fuel. Hydrogen fuel stock investors rejoice.
Aurora Cannabis Inc. ("Aurora" or the "Company") (NASDAQ: ACB) (TSX: ACB), the Canadian company defining the future of cannabinoids worldwide, today has announced today that it has entered into an agreement with a syndicate of underwriters led by Canaccord Genuity and BMO Capital Markets, under which the underwriters have agreed to buy on bought deal basis 51.1 million units of the Company (the "Units"), at a price of US$2.45 per Unit for gross proceeds of approximately US$125.2 million (the "Of
The market is unstable. Your portfolio doesn’t need to be.
As of 2:33 p.m. ET, Amazon's stock price was up nearly 5%. Like many retailers, Amazon's profits have been dented by coronavirus-related supply chain disruptions and geopolitical-driven energy price increases. At the same time, Amazon is dealing with an excess of fulfillment capacity.
The company's protein-based shot has been authorized or approved in several other countries, including the U.K. and Singapore.
Yahoo Finance Live’s Emily McCormick breaks down the stock rise for Broadcom and VMware after an acquisition deal was announced.
The stock market is a game of risk and calculation, and in recent months the risks are mounting. The first quarter of 2022 showed a net negative GDP growth rate, a contraction of 1.4%; another contraction in Q2 will indicate a recession. Wall Street’s experts are trying to look ahead, to see through the fog of uncertainty and get some feel for where things are going. Covering the market for Morgan Stanley, chief US equity strategist Michael Wilson believes that we’ll dodge the recession bullet –
In this article, we will look at 10 undervalued stocks to buy according to billionaire Leon Cooperman. If you want to skip reading about Leon Cooperman’s early life, investment philosophy, and his hedge fund’s performance, you can go directly to 5 Undervalued Stocks to Buy According to Billionaire Leon Cooperman. Leon Cooperman is an American […]
Shares of cloud computing company Nutanix (NASDAQ: NTNX) fell sharply this morning after that the company reported a third-quarter loss that was far worse than expected and issued revenue guidance that was below Wall Street's average estimate. Nutanix's third-quarter sales increased 17% from the year-ago quarter to $403.7 million and beat analysts' consensus estimate of $397.9 million. Nutanix's diluted loss per share of $0.50 in the quarter was an improvement from a loss of $0.60 in the year-ago quarter, but it was far worse than the loss of $0.22 that Wall Street was expecting.
However, shares of the warehouse club operator fell about 2% in extended trading as the company's gross margins dropped by 99 basis points in the third quarter. The weakness in Costco's margins come at a time when U.S. retailers, including Walmart, Target, Kohl's Corp and Best Buy Co Inc, have warned of decades-high inflation hitting their profits.
A weekly look at the most important moves and news in crypto and what's on the horizon in digital assets.
Chipmaker Marvell Technology edged above Wall Street's targets for its first quarter and guided slightly higher for the current period.
When the markets take a dive, your retirement savings could drop with them. Here is a four-step plan to beat the bear.
Investors are looking past a lackluster quarter to focus on the company's bigger-picture overhaul.
AbbVie , the research-based biopharmaceutical company that was spun off from Abbott Laboratories in 2013, has made an impressive move higher the past nine years. Recently, ABBV pulled back from an April high but the correction is showing signs it is over. In the daily bar chart of ABBV, below, we can see that the shares declined below the 50-day moving average line and its slope is cresting.
Shares of the Chinese e-commerce company Alibaba Group Holding (NYSE: BABA) spiked this morning after the company reported fourth-quarter results that beat analysts' consensus top- and bottom-line estimates. Alibaba reported non-GAAP (adjusted) earnings per American depository share (ADS) of $1.25 in the quarter, which was a 23% drop from the year-ago quarter but far above Wall Street's consensus estimate of $1.10 for the quarter. Additionally, Alibaba's revenue increased 9% in the quarter to $32.1 billion, which was better than the average analyst estimate of $29.9 billion.
Ford has been walloped. But this Wall Street firm says it has the gas to come back strong.
Twitter did not provide any details about the proposed takeover offer from billionaire Elon Musk at its annual shareholder meeting.
Yahoo Finance Live anchors discuss the Twitter stock surge as Elon Musk renegotiates his takeover bid.
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