Search

News

Schumer and McConnell may announce debt ceiling raise this week
... NDAA this coming week. Senators should prepare for possible weekend votes due to the time it takes to process those items in the Senate without cooperation, he wrote. U.S. stock gauges DJIA, SPX, traded higher Monday as investors digested the latest news on the spread of the coronaviruses and prepared for new inflation data later in the week.
Updated: 12/06/2021
Tesla shares plunge more than 20% after SEC report
... November - Tesla shares may slide some more in the coming weeks. Despite this latest weakness, Tesla 's shares are up 39% this year, compared to a 22% increase in the S&P 500 Index. Most of the gains came from a surge in October after a rush of positive news - including strong results for the third quarter and a big order from Hertz Global Holdings Inc. The other EV startups that have seen their share prices go up in recent weeks were trading lower on Monday. Newly public Rivian Automotive Inc. dropped ...
Updated: 12/06/2021
Stocks rebound, Dollar In wake of Omicron outbreak
U.S. Treasury yields went up and stocks gained after initial indications suggested Omicron patients had mild symptoms, reversing some of Friday's heavy selloff. U.S. Treasury yields went up and stocks gained after initial observations suggested Omicron patients had mild symptoms, reversing some of Friday's heavy selloff. As of Sunday, Dr. Anthony Fauci , the top U.S. infectious disease official, told CNN that it does not look like there is a great degree of severity to it, while Omicron has spread...
Updated: 12/06/2021
Cryptocurrency is even crazier than the dot-com
Financial adviser Ryan Payne agreed with billionaire Charlie Munger when he said: Ha era is even crazier than the dot-com era. This whole Bitcoin BTC-USD thing - this whole coin is one of the biggest bubbles in history, Payne, president of Payne Capital Management, Payne Financial adviser Ryan Payne agreed with billionaire Charlie Munger when he said: This era is even crazier than the dot-com era. This whole Bitcoin BTC-USD thing - this whole coin is one of the biggest bubbles in history, Payne...
Updated: 12/06/2021
The 2021 company of the Year: Zoom shares drop 46%
In 2021, Zoom Video Communications ZM broke a 7 year winning streak. All but once, those stocks outperformed the S&P 500. In 2021, Zoom Video Communications ZM broke a 7 year winning streak. All but once, those stocks outperformed the S&P 500. The first losing performance since Disney was our debut Company of the Year in 2013 has resulted in a drop in Zoom shares by 46% this year. We are not apologizing, and we don't think Zoom investors are complaining. The inventions of remote everything and...
Updated: 12/06/2021
Hedge fund pushes Kohl to consider sale, separate e-commerce division
... 500 and other retailers in recent years, despite its large retail footprint and real estate holdings. The company's shares have gone up about 4% this year, while its peer Macy's Inc has more than doubled, while its shares have gone up about 4% on the news. The S&P 500 index is up nearly 21% in the year 2021. Kohl's should consider a strategic review of the company, including a sale, according to the New York-based hedge fund. It believes there are sponsors that would pay $75 per share or a 50% premium....
Updated: 12/06/2021
5 things to know before the stock market opens Monday
... Sachs has cut its outlook for U.S. economic growth to 3.8% for 2022, citing risks and uncertainty surrounding the emergence of the latest variant. Wall Street 's major indexes saw weekly declines on Friday, swinging wildly, as investors digested Omicron news and Federal Reserve Chair Jerome Powell 's hawkish comments about speedier taper to tackle surging inflation. Powell's comments spurred bets of early interest rate hikes next year, with market participants shifting to cyclical, economy-linked and ...
Updated: 12/06/2021
European stocks climb on hopes Omicron variant may not be as bad as feared
... to determine how contagious it is and how effective existing vaccines are. Anthony Fauci , top US pandemic advisor, said on Sunday that preliminary data on the severity of the Omicron variant is a bit encouraging. Hong Kong stocks fell Monday as the news that Chinese ride-hailing giant Didi Chuxing would start the process of delisting from the New York Stock Exchange sent shares in tech firms tumbling. The move comes after a sweeping Chinese regulatory crackdown over the past year that has slowed ...
Updated: 12/06/2021
Sort by relevance | Sorted by date