U.S. stocks rallied on Friday, rounding out a big end to the week, while bond yields retreated slightly from their recent march. At the close, the S&P 500 (^GSPC) surged 1.6%, while the Dow Jones Industrial Average (^DJI) increased 1.1%. Contracts on the technology-heavy Nasdaq Composite (^IXIC) jumped nearly 2%. […]
Finance
Today, let’s have some fun with numbers. Specifically, with some of the numbers in Berkshire Hathaway’s new annual report to its shareholders. As usual, the report has gotten tons of attention from the media because it contains a long, discursive annual letter from legendary investor Warren Buffett, who took control […]
U.S. stocks scrambled higher Thursday to end a back-and-forth session in the green after rate worries drove four consecutive days of declines for the S&P 500 (^GSPC). The benchmark U.S. equity index gained 0.5%, while the Dow Jones Industrial Average (^DJI) added 110 points, or 0.3%. The technology-heavy Nasdaq Composite […]
U.S. stocks closed mixed after choppy trading Wednesday as investors pored over minutes from the Federal Reserve’s last meeting earlier this month for clues on its next move. [Click here to read what’s moving markets on Thursday, Feb. 23.] The latest readout from the U.S. central bank’s Jan. 31- Feb. […]
In this piece, we will take a look at the 15 most profitable new stocks today. For more stocks, head on over to 5 Most Profitable New Stocks Today. The stock market is filled with thousands of stocks belonging to all kinds of firms. The Financial Industry Regulatory Authority (FINRA) […]
Delegates arrive at the venue in Bengaluru where a meeting under India’s G20 Presidency has begun on Feb. 22, 2023. Manjunath Kiran | AFP | Getty Images Indian Prime Minister Narendra Modi urged global financial leaders to focus on the world’s “most vulnerable citizens” as he inaugurated a G-20 meeting […]
U.S. stocks tumbled Friday after the Federal Reserve’s most closely watched inflation measure came in stronger than expected, in another sign that price pressures have become sticky into 2023. The S&P 500 (^GSPC) sank 1.1%, while the Dow Jones Industrial Average (^DJI) plopped more than 300 points, or 1%. The […]
Special Record Date Set as February 27, 2023Interest to be Paid on February 28, 2023 UNION, N.J., Feb. 21, 2023 /PRNewswire/ — Bed Bath & Beyond Inc. (Nasdaq: BBBY) announced a Special Record Date of February 27, 2023 for payment of interest due as of February 1, 2023 (the “February […]
Fiscal second quarter revenue and billings each grew 26% year over year to $1.7 billion and $2.0 billion, respectively Trailing 12-months GAAP net income positive for period ending January 31, 2023 Remaining performance obligation grew 39% year over year to $8.8 billion SANTA CLARA, Calif., Feb. 21, 2023 /PRNewswire/ — […]
Coinbase (COIN) Coinbase Global shares jumped after the crypto exchange’s fourth-quarter revenue of $629.1 million came in above Wall Street expectations of $581.1 million, according to data compiled by Bloomberg . The bar was set relatively low for Coinbase amid a sharp fall in trading volumes last quarter following a […]
U.S. stocks plunged Tuesday as the prospect of higher-for-longer interest rates and letdowns from big-box retailers dampened the mood on Wall Street to start a busy holiday-shortened week. The U.S. stock and bond markets were closed on Monday for Presidents Day. The S&P 500 (^GSPC) nosedived 2%, falling below the […]
JPMorgan says investors shouldn’t get too comfortable with the stock market’s impressive start to 2023. “Big picture, we believe that the equity rally that started last October, and that we hoped would be driven by peaking bond yields/CPI, China reopening, and the fall in European gas prices, is unlikely to […]
U.S. stocks finished mixed in back-and-forth trading Tuesday afternoon as Wall Street weighed the implications of hotter-than-expected January inflation data on the path forward for interest rates. The S&P 500 (^GSPC) finished just below the flatline, while the Dow Jones Industrial Average (^DJI) shed about 150 points, or 0.4%. The […]
Spotted at Coca-Cola (KO): The “disinflationary process” recently touted by Federal Reserve Chair Jerome Powell. The maker of Coke Zero and Costa coffee said it sees 2023 mid-single-digit percentage commodity cost inflation. In 2022, higher costs for things like sweeteners and aluminum for cans led to the beverage giant feeling […]
Airbnb (ABNB) reported its Q4 earnings after the bell on Feb. 14. The company slightly beat on revenue and substantially on guidance, and the company’s shares popped by 9% in after-hours trading. In the company’s shareholder letter and subsequent earnings call, Airbnb said that, though tech companies have been laying […]
Inflation picked up in the first month of the year, defying optimism from investors and officials over a steady move lower seen in recent readings. The Consumer Price Index (CPI) for January showed a 0.5% increase in prices over the past month, an acceleration from the prior reading, government data […]
U.S. stocks gained Monday as Wall Street clawed back from a losing week and an upcoming inflation reading kept investors on their toes. The S&P 500 (^GSPC) climbed around 1.2%, while the Dow Jones Industrial Average (^DJI) jumped 380 points, or 1.1%. The technology-heavy Nasdaq Composite (^IXIC) advanced 1.5%. Sorrento […]
Anavex Life Sciences Corp. Company to host a webcast today at 8:30 a.m. Eastern Time NEW YORK, Feb. 07, 2023 (GLOBE NEWSWIRE) — Anavex Life Sciences Corp. (“Anavex” or the “Company”) (Nasdaq: AVXL), a clinical-stage biopharmaceutical company developing differentiated therapeutics for the treatment of neurodegenerative and neurodevelopmental disorders including Alzheimer’s […]
Corporate America can’t seem to lay off workers fast enough. U.S. employers have already axed north of 100,000 jobs this year according to the latest figures from data firm Challenger, Gray & Christmas out last week. Yet the Labor Department’s monthly jobs report Friday indicated hiring remains robust — with […]
U.S. stocks closed out a volatile session sharply higher Tuesday after Federal Reserve Chair Jerome Powell embraced the presence of disinflation in the economy during a speech in Washington, D.C. The S&P 500 (^GSPC) soared 1.3%, while the Dow Jones Industrial Average (^DJI) jumped 265 points, or 0.7%. The technology-heavy […]