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 Monday, January 2, 2023 Today’s newsletter is by Brian Sozzi, an editor-at-large and anchor at Yahoo Finance. Follow Sozzi on Twitter @BrianSozzi and on LinkedIn. Read this and more market news on the go with Yahoo Finance App. Yes, markets are closed today. So you are probably wondering why I’m delivering a Morning Brief newsletter directly to… Source link
Read More »Elon Musk’s team seeks new investors for Twitter
(Reuters) – The managing director of Elon Musk’s family office is seeking new equity investors for Twitter, news platform Semafor reported on Friday, citing two people familiar with the fundraising effort. Musk’s money manager, Jared Birchall, reached out to potential investors this week, offering shares of Twitter at the same price, $54.20, that Musk paid to take the company private in October, according to the report. Twitter and Musk did not immediately respond to Reuters requests for… Source link
Read More »Investors ‘are changing their focus,’ market strategist explains
The stock market is on track to take a leg lower this week as investors swerved to assess what kind of damage the Federal Reserve has already done to the economy following a series of aggressive inflation-fighting rate hikes. “We believe that yesterday was yet another example of how investors are changing their focus… from what the Fed is going to do… to what the Fed has already done… and what their significant tightening policy will do to the economy in 2023 (now that it is finally… Source link
Read More »Tesla stock tumbles another 5%, capping off rough week for investors
The pain for Tesla investors is unending as a rough week comes to a close. Tesla shares slipped another 4% today, dropping to multi-year lows and giving the stock a nearly 16% drop for the week, as of midday trading. Tesla investors have been blaming CEO Elon Musk for the near term weakness in the stock, with Twitter the main source of the criticisms. Long-term shareholders see him as distracted from running Tesla and abandoning the company during a critical period, and bringing downward… Source link
Read More »Retail investors pile into Tesla as shares remain under pressure
Individual investors piled into Tesla (TSLA) on Tuesday, seeing the recent drawdown in shares of the electric vehicle giant as a dip-buying opportunity for their favorite stock. Tesla was the most popular buy among retail traders in Tuesday’s session, according to data from VandaTrack — even as the company missed out on a rally across the broader indexes following a lighter-than-expected inflation report. Shares of Tesla slid 4.1% on Tuesday to close around $161, while the S&P 500, Dow, and… Source link
Read More »SEC charges SBF with scheme to defraud investors out of $1.8 billion
Early Tuesday morning, the Securities and Exchange Commission filed charges against Sam Bankman-Fried, alleging the 30-year-old disgraced founder of FTX orchestrated a scheme to defraud the company’s equity investors. “We allege that Sam Bankman-Fried built a house of cards on a foundation of deception while telling investors that it was one of the safest buildings in crypto,” SEC Chair Gary Gensler said in a release. “The alleged fraud committed by Mr. Bankman-Fried is a clarion call to… Source link
Read More »Investors Call Time on FAANG Stock Dominance After Nasdaq’s Rout
(Bloomberg) — For some investors, this year’s rout in high-flying technology stocks is more than a bear market: It’s the end of an era for a handful of giant companies such as Facebook parent Meta Platforms Inc. and Amazon.com Inc. Most Read from Bloomberg Those companies — known along with Apple Inc., Netflix Inc. and Google parent Alphabet Inc. as the FAANGs — led the move to a digital world and helped power a 13-year bull run. But history shows that market leaders of one era almost… Source link
Read More »Cathie Wood’s ETFs lost investors more than $1 billion before this year’s wipeout
Bold bets on high-flying technology stocks from Cathie Wood’s ARK Invest have destroyed an estimated $1.3 billion in shareholder wealth over the past decade, a Morningstar analysis published this week found. And these losses don’t take into account the sharp declines seen across ARK’s suite of investment offerings so far this year. According to Morningstar, the bulk of these losses came primarily from two of ARK’s actively managed vehicles last year: the ARK Genomic Revolution ETF (ARKG) and… Source link
Read More »Why the jobs report still matters to investors: Morning Brief
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 Friday, December 2, 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 the Yahoo Finance app for Apple or Android.Yahoo Finance App. The November jobs report is due out in just a few hours. And though monthly inflation… Source link
Read More »Why the jobs report still matters to investors: Morning Brief
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 Friday, December 2, 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 the Yahoo Finance app for Apple or Android.Yahoo Finance App. The November jobs report is due out in just a few hours. And though monthly inflation… Source link
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