New Glass-Steagall Bill is "Trying to Go Back to the Future": Sen. Angus King

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Cisco reports big revenue miss, cuts full-year guidance
Yahoo Finance's Jared Blikre joins the Live show to check out Cisco's mixed Q3 earnings report.
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‘It’s so horrible that I want to buy it’ — Jim Cramer likes these 2 beaten-down tech names that are still posting white-hot revenue growth
High-quality items seldom go on sale. Grab them when they do.
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Fortune
This is how much money Americans think they need to be considered wealthy
Charles Schwab's annual Modern Wealth Survey also asked 1,000 Americans how much they needed in order to live comfortably.
23h ago
MarketWatch
A ‘summer of pain’? The Nasdaq Composite could plunge 75% from peak, S&P 500 skid 45% from its top, warns Guggenheim’s Scott Minerd.
The carnage playing out in the U.S. stock market on Wednesday is likely an amuse-bouche compared with the devastation on the menu for the bulls in the coming months and years, Guggenheim Partners Global Chief Investment Officer Scott Minerd told MarketWatch in an interview. The prominent CIO on Wednesday said he envisioned the possibility of a dreadful summer and fall for stock-market investors — one in which the Nasdaq Composite Index (COMP) eventually unravels, plunging 75% from its Nov. 19, 2021, peak (currently it’s down around 28%) and the S&P 500 (SPX) tumbles 45% from its Jan. 3, 2022, peak (from which presently down 18%) as we head into July. “That looks a lot like the collapse of the internet bubble,” Minerd said, referring to the implosion of technology stocks in 1999 and early 2000.
8h ago
Investor's Business Daily
Dow Jones Futures Fall After Target Triggers Sell-Off; Market Rally Has 90% Chance Of Doing This
A Target earnings miss on inflation pressures sparked a fierce sell-off Wednesday. Here's what that means for the market rally.
55m ago
Reuters
Tesla cut from S&P 500 ESG Index, and Elon Musk tweets his fury
(Reuters) -An S&P Dow Jones Indices executive told Reuters on Wednesday it has removed electric carmaker Tesla Inc from the widely followed S&P 500 ESG Index because of issues including claims of racial discrimination and crashes linked to its autopilot vehicles, and Tesla CEO Elon Musk responded with harsh tweets including that "ESG is a scam". In it changes, effective May 2, the sustainability index also added soon-to-be-Musk-controlled Twitter Inc and oil refiner Phillips 66 while dropping Delta Air Lines and Chevron Corp, according to an announcement. The back-and-forth over the index changes reflects a wider debate about the metrics used to judge corporate performance on environmental, social and governance (ESG) issues, a growing area of investing.
12h ago
Motley Fool
Here's Why Upstart Soared on Wednesday While Most Stocks Fell
In contrast to the overall market, lending technology company Upstart Holdings (NASDAQ: UPST) was a major outperformer, with shares rising by about 6%. Upstart recently plunged by more than 50% after its first-quarter earnings, and the biggest reason was that the dollar amount of loans carried on Upstart's balance sheet more than doubled. Recently, Upstart's management has made it clear that it understands investors' concerns and is going to immediately take steps to address them.
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Warren Buffett Is Holding These 10 Tech Stocks Despite Selloff
In this article, we discuss 10 tech stocks Warren Buffett is holding despite selloff. If you want to see more tech stocks held by the billionaire amid the broader market selloff, click Warren Buffett Is Holding These 5 Tech Stocks Despite Selloff. Warren Buffett’s portfolio is often replicated by aspiring retail investors, as well as […]
6h ago
Motley Fool
Why Costco, Kohl's, and Five Below Were All Sliding Today
Retail stocks including Costco (NASDAQ: COST), Kohl's (NYSE: KSS), and Five Below (NASDAQ: FIVE) were getting shocked today after retail giants including Walmart and Target badly missed bottom-line estimates and their first-quarter earnings reports. Both companies also cut their guidance for the year, warning that challenges from inflation and supply chain disruptions would persist. As of 11:05 a.m. ET, Costco stock was down 11.4%, while Kohl's had given up 10%, and Five Below was off 9.1%.
10h ago
MoneyWise
‘Crashes are the best times to get rich’ — here’s why Robert Kiyosaki thinks bitcoin’s plunge is great news and how you can take advantage of it
‘Rich Dad Poor Dad’ is looking to back up the truck.
7h ago
Yahoo Finance Video
Google to pull nearly all employees from Russia, Tesla booted from S&P 500 ESG index, TJX stock pops
Yahoo Finance Live looks at the companies tied to several trending industry stories, including Elon Musk's reaction to Tesla being removed from the S&P 500 ESG index.
7h ago
Barrons.com
Amazon Stock Plunges in Wake of Target, Walmart Debacles. This Is Why.
The trends highlighted by Target's and Walmart's disappointing results bode poorly for Amazon. Investors reacted with shock, sending shares down sharply.
7h ago
Investor's Business Daily
Warren Buffett Isn't Perfect And Is Losing Big On 6 Stocks, Too
Warren Buffett is having a good year with S&P 500 stocks — it's his kind of market. But he's suffering from his fair share of blowups.
15h ago
TheStreet.com
Musk Mad Tesla Removed from S&P 500 ESG Index
Tesla ( ) CEO Elon Musk is extremely unhappy that the EV company was eliminated from the S&P 500 ESG Index on Wednesday, voicing his concerns on Twitter. The electric automaker was taken off the ESG index by S&P Dow Jones Indices due to Tesla's ongoing issues of racial discrimination claims from employees and how it has dealt with a National Highway Traffic Safety Administration (NHTSA), a government investigation after several crashes were connected to its autopilot vehicles. The changes are retroactive: they are effective May 2 and a May 17 S&P Dow Jones Indices blog post described the rationale.
9h ago
MoneyWise
3 top dividend stocks yielding as high as 8.7% — with inflation still near 40-year highs, it might be a good move to nail down some income
Inflation remains white-hot. These stocks can help ease the pain.
1d ago
Motley Fool
Why Nio Shares Aren't Extending Yesterday's Gains
EV makers in China are still feeling the effects of lockdowns, but a new report today says help may be on the way.
10h ago
Motley Fool
Could Novavax's Next Step Make It a Multibagger?
Novavax disappointed investors when its regulatory submissions fell behind. Now, all eyes are on Novavax's next step: winning authorization in the U.S. Could this nudge the stock out of its slump -- and even turn it into a multibagger? Novavax reported revenue of $704 million and net income of $203 million.
17h ago
TipRanks
Billionaire George Soros Bets on These 3 ‘Strong Buy’ Stocks
Keeping up the returns would be a neat trick in today’s market, as the main indexes are all steeply down for the year so far – with losses of 15% on the S&P 500 and 24% on the NASDAQ. For investors, then, the best strategy may just be to follow a winner. Billionaire investing legend George Soros is most definitely a winner. He’s built a portfolio worth billions, and had possibly the greatest bull run in hedge fund history, averaging 30% annualized returns for 30 years. Starting in 1992, when he
2d ago
Investor's Business Daily
Five Stocks Actually Rose As The Remaining S&P 500 Melted Down
It's not easy to gain on the worst day for stocks in years when 98% of S&P 500 stocks fell. But a few did.
5h ago
Yahoo Finance
Stock market news live updates: Stocks sink by most since June 2020 as retail results disappoint across the board
Investors further considered remarks from Federal Reserve Chair Jerome Powell that the central bank was set on using its policies to bring down inflation still running at multi-decade highs.
7h ago

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New Glass-Steagall Bill is "Trying to Go Back to the Future": Sen. Angus King

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