A growing chorus of Wall Streeters covering Tesla’s stock are becoming more cautious on the name heading into 2023, adding to a brutal month and year. EvercoreISI analyst Chris McNally slashed his price target on Tesla’s stock to $200 from $300 on Tuesday, joining bearish takes in the past week from Goldman Sachs, Wedbush, and Oppenheimer. “While we continue to view Tesla as having a leading EV gross margin advantage from global scale, vertical integration, and US IRA [Inflation Reduction Act]… Source link
Read More »Tesla gets slapped with more cautious comments from Wall Street
A growing chorus of Wall Streeters covering Tesla’s stock are becoming more cautious on the name heading into 2023, adding to a brutal month and year. EvercoreISI analyst Chris McNally slashed his price target on Tesla’s stock to $200 from $300 on Tuesday, joining bearish takes in the past week from Goldman Sachs, Wedbush, and Oppenheimer. “While we continue to view Tesla as having a leading EV gross margin advantage from global scale, vertical integration, and US IRA [Inflation Reduction Act]… Source link
Read More »Wells Fargo to pay $3.7B over consumer law violations
WASHINGTON (AP) — Consumer banking giant Wells Fargo agreed to pay $3.7 billion to settle charges that it harmed customers by charging illegal fees and interest on auto loans and mortgages, as well as incorrectly applying overdraft fees against savings and checking accounts. Wells was ordered to repay $2 billion to consumers by the Consumer Financial Protection Bureau, which also enacted a $1.7 billion penalty against the San Francisco bank Tuesday. It’s the largest fine ever leveled… Source link
Read More »Amazon stock is now down 50% this year and is at a 52-week low
Amazon’s (AMZN) stock is sucking wind into 2023 as investors fret about still-bloated costs and what is shaping up to be a disappointing holiday shopping season. Shares of the tech giant are now hovering at a fresh 52-week low and down 50.3% year to date, according to Yahoo Finance data. The stock is rivaling dreadful performances from its partners in the closely followed FAANG (Facebook/Meta, Apple, Amazon, Netflix, Google) complex, as Meta Platforms (META) has suffered a 63% drop and… Source link
Read More »Housing had a terrible 2022. One report tells the whole story.
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 Tuesday, December 20, 2022 Today’s newsletter is by Myles Udland, senior markets editor at Yahoo Finance. Follow him on Twitter @MylesUdland and on LinkedIn. Read this and more market news on the go with Yahoo Finance App. The year can’t end fast enough for folks in the housing market. After a blockbuster 18 months that ran from mid-2020 through… Source link
Read More »Yahoo Plays and Strategy for Tuesday, December 20
Tuesday brings a modest five-game schedule in the NBA. Jimmy Butler will take on one of his former teams in the Bulls, who are off to a disappointing 11-18 start that could make them surprise sellers at the trade deadline. The Warriors will once again be in action without Stephen Curry (shoulder) when they travel to New York to take on the red-hot Knicks. The marquee matchup of the evening features two Western Conference teams with championship aspirations with the Nuggets taking on the… Source link
Read More »Nothing in NFL history would match Brock Purdy leading 49ers to a Super Bowl
On Oct. 23, the NBA season was five days old, the Houston Astros and Philadelphia Phillies clinched berths in the World Series that day, C.J. Stroud and Hendon Hooker were runaway Heisman favorites with Caleb Williams well behind at about 14-to-1 odds, Frank Reich was the Indianapolis Colts‘ head coach and the start of the World Cup was about four weeks away. It’s also the last time the San Francisco 49ers lost. The 49ers lost 44-23 to the Kansas City Chiefs to fall to 3-4 that day. They’ve… Source link
Read More »The Specials’ ska and new wave pioneer Terry Hall dead at 63
Terry Hall of the Specials performing at the Rock Against Racism show, Potternewton Park, Leeds, July 4, 1981. (Photo: David Corio/Redferns) Terry Hall, frontman for one of the most influential British new wave bands of the 1980s, the Specials, has died after a short, undisclosed illness, according to his bandmates. He was 63 years old. “It is with great sadness that we announce the passing, following a brief illness, of Terry, our beautiful friend, brother and one of the most brilliant… Source link
Read More »Ex-Patriots LB, NFL Network analyst Willie McGinest charged with alleged assault at Hollywood nightclub
Sep 29, 2019; Orchard Park, NY, USA; New England Patriots former player and current NFL Network analyst Willie McGinest on the field prior to a game between the Buffalo Bills and the New England Patriots at New Era Field. Mandatory Credit: Mark Konezny-USA TODAY Sports Former New England Patriots linebacker Willie McGinest was arrested on a felony charge of assault with a deadly weapon in Los Angeles on Monday. The Los Angeles County Sheriff’s Office told local media that McGinest turned himself… Source link
Read More »Packers host Baker Mayfield and Rams
Aaron Rodgers and the Packers need a win over the Rams on Monday Night Football to stay within striking distance of a playoff spot. (Photo by Patrick McDermott/Getty Images) After a slam-bang debut for the Los Angeles Rams, Baker Mayfield now leads them against the Green Bay Packers on Monday Night Football. Will he lead the Rams to another victory? Or will Aaron Rodgers and the Packers stay within striking distance of a playoff spot in the NFC? Follow all the action right here with Yahoo Sports. Source link
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