Tesla CEO Elon Musk sounded sleepy on the EV maker’s earnings call late Wednesday. That’s not surprising given the time needed to try to reduce debt at Twitter, appear in court, study rocket designs, and stay up late the day before the call with the Tesla AI team. Musk did […]
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This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Thursday, January 26, 2023 Today’s newsletter is by Jared Blikre, a reporter focused on the markets on Yahoo Finance. Follow him on Twitter @SPYJared. […]
U.S. stocks rallied Thursday as investors digested the release of gross domestic product data and another round of corporate earnings. The S&P 500 (^GSPC) increased by 1.1%, while the Dow Jones Industrial Average (^DJI) added by 0.6%. The technology-heavy Nasdaq Composite (^IXIC) rose by roughly 1.8%, led by a more […]
World Wrestling Entertainment (WWE) stock caught an upgrade from analysts at Wells Fargo on Tuesday as the sports media giant continues its search for a buyer. The bank upgraded shares to Equal Weight from Underweight and upped its price target to $100 from $52 a share in a new note, […]
Tesla (TSLA) dropped the bomb on the auto market with huge price cuts last week, and now Wall Street is catching up with post-game analysis, if you will. In a note called “Analyzing the impact of reduced Tesla vehicle prices,” Goldman Sachs analyst Mark Delaney takes a glass-half-empty, half-full approach. […]
A college student made a fortune on Bed Bath & Beyond stock.Photo by Chris Hondros/Getty Images A college student made a $110 million profit on Bed Bath & Beyond stock in August 2022. Jake Freeman’s fund revealed a 6.2% stake in the retailer in late July, then sold it weeks […]
The end may be near for Bed Bath & Beyond (BBBY). In a statement published before the market open on Thursday, the company said bankruptcy is on the table as it works to shore up its leaky balance sheet amid continued financial struggles. “The Company continues to consider all strategic […]
Recognizing the right stocks is a skill that every investor needs to learn, and the sheer volume of market data, on the main indexes, on individual stocks, on and from stock analysts, can present an intimidating barrier. Fortunately, there are tools to help. The Smart Score is a data collection […]
Carvana (CVNA) shares spiraled Wednesday after the online car retailer’s biggest creditors reportedly signed an agreement to cooperate in potential restructuring negotiations as the company faces growing bankruptcy risk. The company’s stock plunged nearly 43% on Wednesday. Bloomberg News, citing people familiar with the matter, reported Tuesday that a group […]
The Federal Reserve building in Washington, DC, in January. (Joshua Roberts/Reuters) American workers are still taking home pretty big paychecks. That sounds like good economic news. But don’t tell that to Wall Street. The 5.1% increase in year-over-year hourly earnings that the government reported in Friday’s jobs report is a concern for investors — […]
Carvana has had a rough year. Bloomberg | Getty ImagesErnie Garcia III, founder and chief executive officer of Carvana Co., second left, and his father Ernest Garcia II, in 2017. At its high, Carvana stock was trading around $360 in August 2021, but the profits were short-lived as prices began […]
Wall Street seems to love this comeback story. Disney (DIS) stock soared early Monday, rising as much as 9% in early trading, after the media giant announced that former CEO Bob Iger will return to lead the company as its chief executive officer, effective immediately. Iger replaces Bob Chapek, who […]
U.S. stocks extended this week’s dramatic ascent on Friday after deceleration in CPI inflation data ignited the most intense rally on Wall Street since early 2020. The S&P 500 (^GSPC) rose 0.9%, notching its biggest winning week since June, while the technology-heavy Nasdaq Composite (^IXIC) gained 1.9%. The Dow Jones […]
In something of a change this earnings season, an electric carmaker (other than Tesla) actually reported a profit for the quarter. Polestar (PSNY), the Swedish-based company backed by Volvo and China’s Geely, reported its first gross profit as a public company since completing its SPAC merger earlier this year. For […]
Meta (META) shares plunged more than 22% on Thursday morning after the Facebook parent reported the prior day that its revenue declined last quarter and missed analysts’ expectations. The bad news comes as the social media giant pushes harder into the metaverse, the 3-D virtual world that inspired the company’s […]
Now that Elon Musk has closed on his acquisition of the social media platform Twitter, what happens to Twitter’s stock? The transaction to make Twitter a private company was completed late Thursday, according to a Securities and Exchange Commission document. By Friday morning, Twitter’s stock had already stopped trading on […]
SAN FRANCISCO, October 25, 2022–(BUSINESS WIRE)–Wells Fargo & Company (NYSE: WFC) today announced a quarterly common stock dividend of $0.30 per share, payable Dec. 1, 2022, to stockholders of record on Nov. 4, 2022, as approved today by the Wells Fargo board of directors. This press release features multimedia. View […]
Boeing stock (BA) has been like a wounded bird this year amid recession fears, but an analyst at CFRA argues that it could be poised for liftoff. Shares of the airplane manufacturer have tanked 34% year to date, badly lagging the Dow Jones Industrial Average’s (^DJI) 17% drop. The Street […]
Redfin CEO Glenn Kelman at a Technology Alliance luncheon in Seattle. (GeekWire Photo / Kevin Lisota) Redfin beat analyst expectations for its fiscal third quarter, reporting revenue of $236.9 million and a earnings per share of $0.32. Revenue was down 1% year-over-year due to a pandemic-driven shortfall in Redfin’s home-buying […]
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