Worries about interest rates cast a cloud over the rally fueled by Nvidia earnings. The Dow was down 503 points, or 1.3%. The S&P 500 was down 0.4%. The Nasdaq Composite was up 0.1%. The Nasdaq was on track for a record close before pulling back.
Genting Singapore Limited ( SGX:G13 ), might not be a large cap stock, but it saw its share price hover around a small...
While Nvidia stands as the undisputed winner of the AI chip wars, it soon could have a rival.
ACG had earlier agreed to a DPA with Seatrium
For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...
Tesla's (TSLA) stock momentum seems to have stalled Friday morning after shareholders voted to approve CEO Elon Musk's pay packages — valued at nearly $46 billion — at the company's annual shareholder meeting on Thursday. Many analysts and Wall Street experts have shared new, incredibly bullish forecasts for the EV company, including Wedbush's Dan Ives — whose latest call sees Tesla's market cap reaching over $1 trillion in 2025 — and Ark Invest (ARKK) Founder, CEO, and CIO Cathie Wood, who believes the stock could reach $2,600 by 2029. However, not everyone shares this enthusiasm around Tesla and Elon Musk. Clean Energy Transition CEO and Portfolio Manager Per Lekander — a long-time Tesla short-seller — joins The Morning Brief to explain his $15 price target, likening Tesla to "the next Enron." "Let's not forget, that the stock is down 60% from all-time high at the same time as the market has gone up, 20, 25% in the meantime," Lekander says, citing Tesla's earnings and its year-to-date stock losses. "So the stock needs to go down. Once it goes down, it's going to go down more. And I think what drives it down is earnings. And I think we are very, very close to the turning point because so far it's been a slippery slope. They've sold cars poorly therefore they lowered the price, therefore earnings went down..." Lekander characterizes Musk as "missing... what's going on in the overall EV space" coming out of COVID-19 pandemic trends. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Luke Carberry Mogan. Catch up on Yahoo Finance's coverage of all things Tesla, Elon Musk, and his pay package saga: Don't bet against Elon Musk: Dan Ives talks $1T Tesla call Elon Musk wins Tesla shareholder battle to keep his record-breaking pay Elon Musk has been integral to Tesla's growth, AI: Cathie Wood Musk's pay battle is not over. Here's why. Is Elon Musk the right fit as Tesla's CEO? Musk pay package: What's incentivizing shareholder votes Elon Musk's $46B Tesla pay package: Explained
Huawei Technologies' mobile platform HarmonyOS has overtaken Apple's iOS to become the second-biggest mobile operating system in mainland China in the first quarter, according to the latest market data from Counterpoint Research. HarmonyOS accounted for a 17 per cent share in the first quarter to surpass iOS for the first time in the world's biggest smartphone market, as strong domestic demand for Huawei's latest 5G handsets drove up adoption of the Shenzhen-based company's self-developed mobile
We look at the latest software updates from a technology giant and the latest moves by the US central bank. The post Top Stock Market Highlights of the Week: Apple, US Federal Reserve and DBS Group appeared first on The Smart Investor.
Retiring in your 50s doesn't require a superpower, a trust fund, or the lottery, but it does require discipline. Since your investments will have less money to compound, you'll need to contribute...
Investors are eyeing political turmoil in France as uncertainty about rate cuts dogs the market.
We recently compiled the list of the 10 Stocks That Are Upgraded by Wall Street Analysts. In this article, we are going to take a look at where Microsoft Corporation (NASDAQ:MSFT) stands against the 10 stocks whose price targets were recently raised by analysts. But first, we are going to take a look at what the […]
“The economy is a little too soft to meet equity investors’ expectations of earnings growth, and the economy's a little too strong to meet bond investors’ expectations of cuts,” Unlimited Funds' Bob Elliott told Fortune.
Elon Musk's pay deal — worth up to $56 billion -—has now been approved by Tesla shareholders. Yet investors and analysts Yahoo Finance spoke to are feeling mixed about the future of the electric car company.
In the most recent trading session, Paypal (PYPL) closed at $60.64, indicating a -1.47% shift from the previous trading day.
Let's talk about the popular Marvell Technology, Inc. ( NASDAQ:MRVL ). The company's shares saw a double-digit share...
U.S. stock futures were mixed early Friday after the S&P 500 and Nasdaq posted their fourth consecutive record closes on Thursday. Contracts tied to the S&P 500 fell 0.5% and Nasdaq 100 futures were down 0.3%. Stocks were helped Thursday by more signs of a weakening economy and slowing inflation, which should help give the Federal Reserve room to lower interest rates later this year.
The Paris stock exchange plunged to its worst weekly performance in more than two years on Friday, dragging down other European markets and the euro as investors fret over France's looming snap election.In another sign of investors' concerns about the snap election, the yield, or interest, on 10-year French sovereign bonds rose and the difference with Germany's own borrowing costs widened the most in years.
"The bottom line is that the extreme concentration of returns in the S&P 500 makes investors more vulnerable to single headlines impacting the one stock driving index returns."
On Thursday evening, the index added Arm Holdings, the U.K. chip maker, and dropped Sirius XM Holdings in a move that Barron’s had predicted could happen.
Does Broadcom Inc. (AVGO) have what it takes to be a top stock pick for momentum investors? Let's find out.
The chairman of HSBC has been awarded a knighthood despite previously facing criticism over the bank’s controversial ties to China.
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