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Fisker (FSR) unloaded a cache of bad news during its Q4 earnings report yesterday, shaking investors and Wall Street analysts. Fisker reported that given its financial condition, evolving dealership sales approach, and challenging EV market, it has “substantial doubt about its ability to continue as a going concern” when the company files its official financial statements for 2023. Fisker also said it would reduce its headcount by 15%. Fisker said it had $396 million in cash at the end of… Source link

US stocks edged higher on Monday after the S&P 500 index notched a historic close, as investors prepared for the first key inflation update of the year and the next wave of earnings reports. The S&P 500 (^GSPC) rose 0.3% after a record-setting week that saw the benchmark end above 5,000 for the first time. The Dow Jones Industrial Average (^DJI) gained around 0.5%, while the tech-heavy Nasdaq (^IXIC) rose about 0.3%. Shares of chipmaker Nvidia (NVDA) rose 2% to hit another record on Monday…. Source link

US stocks opened trading little changed on Monday after the S&P 500 index notched a historic close, as investors prepared for the first key inflation update of the year and the next wave of earnings reports. The S&P 500 (^GSPC) clung to the flatline following a record-setting week that saw the benchmark end above 5,000 for the first time. The Dow Jones Industrial Average (^DJI) was steady, while the tech-heavy Nasdaq (^IXIC) rose about 0.2%. Stocks have gained as the market embraces a clutch… Source link

The Wall Street Journal reports OpenAI CEO Sam Altman is hot on the fundraising trail, courting governments in the Middle East, among others, for a venture focused on making the chips needed to fulfill his vision of the AI revolution. And to call this vision “capital intensive” is an undersell. The Journal reports Altman sees the project needing to raise up to $7 trillion. Data from S&P Global Market Intelligence and Pitchbook (via The Financial Times) suggest that at the end of last year there… Source link

Federal Reserve chair Jerome Powell is predicting that more small banks will likely close or merge due to commercial real estate weaknesses, but that the problem is ultimately “manageable.” The central bank official made this point during a 60 Minutes interview that aired Sunday night. It was Powell’s first comments about the industry following a new bout of turmoil cascading through the stocks of many regional banks. “I don’t think there’s much risk of a repeat of 2008,” Powell said,… Source link

[unable to retrieve full-text content]Stock market news today: Stocks close with gains for fourth straight week  Yahoo Finance Source link

[unable to retrieve full-text content]2023 MTV VMAs full coverage: Taylor Swift sweeps, Shakira sizzles and hip-hop icons close night of epic performances  Yahoo Entertainment Source link

[unable to retrieve full-text content]NBA playoffs: Knicks close out Cavaliers to reach Eastern Conference semifinals, lose Julius Randle to ankle injury  Yahoo Sports Source link

With a gain of 39.4% this month, Bitcoin is closing out its best month since a 40% rally in October 2021 and its best January since 2013. Currently changing hands at $22,910, bitcoin (BTC-USD) has been trading over the past week at its highest level since August of last year. The largest cryptocurrency hasn’t given holders such an uplifting January in a decade. “We started January off with some explosive price action the week of December’s CPI print,” said Christopher Newhouse, options… Source link

Share Tweet Share Email Yahoo and Taboola closed their previously announced 30-year exclusive commercial agreement. This unique deal makes Taboola the exclusive native advertising partner for all of Yahoo’s digital properties, strengthening Taboola’s position as a leading native advertising offering for advertisers, publishers and merchants on the open web. The partnership brings Taboola to Yahoo’s iconic digital properties, which reach nearly 900 million monthly active users worldwide… Source link