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 »Consumers remain the Fed’s biggest problem: 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 Wednesday, December 7, 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. Another month, another strong jobs report. News last Friday that some 263,000 jobs were created in November showed the Federal… Source link
Read More »Consumers remain the Fed’s biggest problem: 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 Wednesday, December 7, 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. Another month, another strong jobs report. News last Friday that some 263,000 jobs were created in November showed the Federal… Source link
Read More »Sell Best Buy stock as sales remain ‘some of the worst in retail’
Fade the post-earnings rally in shares of struggling electronics retailer Best Buy, Citi says. “Near-term Best Buy’s same-store sales are still some of the worst in retail with holiday volume a significant unknown,” Citi analyst Steven Zaccone wrote in a note to clients following the company’s earnings report on Tuesday morning. Best Buy stock popped 12% as the company’s earnings actually beat most Wall Street estimates. The company also managed to work its inventory down by 14% year over… Source link
Read More »Prices for Rolex, Patek Philippe and Audemars Piguet watches will keep plunging due to a flood of supply — but these 3 real assets remain scarce and coveted
Morgan Stanley: Prices for Rolex, Patek Philippe and Audemars Piguet watches will keep plunging due to a flood of supply — but these 3 real assets remain scarce and coveted The second-hand market for luxury timepieces had a huge bull run over the past few years. But according to a recent report by Morgan Stanley using data from WatchCharts — which tracks real-time watch market sales — prices of the most sought-after watches from top luxury brands have dropped significantly. The most… Source link
Read More »Google-backed Kittyhawk is shutting down as questions, hurdles remain
The dream of flying cars zipping around in the air has suffered a major reality check. Last week, the secretive air-taxi start-up Kittyhawk, run by Google veteran Sebastian Thrun, announced on Twitter that it was going to “wind down.” It was one of a handful of companies working to bring a “Jetsons” like reality to the world, where electric-powered cars, planes and helicopters become commonplace and offer clean-burning modes of transportation to a world of clogged and polluted… Source link
Read More »Mortgage rates jump again, remain above 6%
Mortgage rates jumped more than a quarter point this week and remain at the highest level in 14 years, offering no relief to sidelined homebuyers. The average rate on the 30-year fixed mortgage increased to 6.29% from 6.02% last week, according to Freddie Mac, marking the highest point since the last week of October 2008. Rates are more than 3 percentage points higher than at the start of the year. Rapidly rising rates this year have only made what was an unaffordable housing market for many… Source link
Read More »Third-party cookies remain as Google advertising in DoJ’s sights
Google is likely to be sued buy the U.S. Department of Justice in September on the grounds that its advertising network is a monopoly. What that means for marketers isn’t yet clear, but there are steps they can take to prepare for disruptions. The DoJ news comes as Google again postponed deprecation of the third-party tracking cookie, this time until the second half of 2024. While Apple blocked third-party cookies several years ago, Google has postponed the process for the Chrome browser… Source link
Read More »Cameron Young ‘strongly inclined’ to remain on PGA Tour, turn down LIV Golf
Cameron Young may not be going anywhere. The likely PGA Tour Rookie of the Year was linked to the upstart LIV Golf tour by The Times UK on Wednesday, but a person close to the situation who spoke on condition of anonymity due to the sensitivity of the issue said the 25-year-old isn’t likely to join the Saudi-backed league. Young has seven top-three finishes this season and was runner-up to Cameron Smith at St. Andrew’s last month in the 150th Open Championship. Smith is reportedly set to… Source link
Read More »Indonesia unblocks Steam and Yahoo, but other gaming services remain banned
Indonesia has lifted its ban on Steam and Yahoo now that both companies complied with the country’s restrictive laws that regulate online activity (via @ZhugeEX). The Indonesian Ministry of Communication and Information (Kominfo) announced the news in a translated update on Twitter, noting that Counter-Strike: Global Offensive and Dota 2 are back online as well. Last week, Indonesia blocked access to Steam, PayPal, Yahoo, Epic Games, and Origin after the companies failed to meet a… Source link
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