Tag Archives: Stock

U.S. stock futures descended Thursday morning as Wall Street reeled from another sizable rate hike by Federal Reserve officials and assessed similar moves by central bank officials across the Atlantic. The European Central Bank and the Bank of England followed the U.S. Fed in raising interest rates by 50 basis points Thursday morning. The BoE’s hike brought rates in the country to their highest since 2008. Futures tied to the S&P 500 (^GSPC) slid 1.2%, while futures on the Dow Jones Industrial… Source link

Elon Musk fan Cathie Wood seized a sizable chunk of Tesla stock (TSLA) late Wednesday after the stock extended a recent skid to its lowest level in more than two years. ARK Invest, Wood’s investment management firm, snapped up 74,862 shares of the electric-vehicle maker across three of her exchange-traded funds, according to a daily transaction report sent via email. The purchase was valued around $11.7 million, based on Wednesday’s closing price of $156.80. The snap-up by ARK also comes… Source link

The future is here.  If there were doubts about the power of artificial intelligence, OpenAI’s new ChatGPT bot has likely put those to rest. Using an interface much like Google search, the chatbot can create jokes and dramatic narratives, make arguments, and write code. The applications for such technology are wide-ranging, and it has the potential to disrupt a number of industries, including any involving writing contracts, code, academic papers, or more creative forms of content. There… Source link

Stock Market Coverage – Thursday Morning December 15 Yahoo Finance – Yahoo Finance Source link

The U.S. Department of Justice and the Securities and Exchange Commission filed parallel lawsuits against eight social media influencers, alleging they engaged in a pump-and-dump stock manipulation scheme that fleeced their followers out of $100 million. The SEC announced fraud charges on Wednesday against seven self-proclaimed “FinTwit” financial gurus on Twitter: Perry Matlock a/k/a “PJ Matlock;” Edward Constantin a/k/a “Edward Constantinescu” and “MrZackMorris;” Thomas… Source link

Tesla stock is having a bad year, and a very bad December so far. Shares of the EV maker are down 17% so far this month, according to Yahoo Finance data, and down more than 50% so far in 2022. The stock fell more than 1% in early trading on Wednesday, and the company’s ticker page remains among the most visited on Yahoo Finance as fans of the brand grow increasingly antsy. Analysts point to several factors behind the stunning fall in Tesla’s once indestructible stock price. First, the risk of… Source link

The steep slide in Tesla’s (TSLA) stock price this year is starting to catch the eye of valuation watchers. “Not since 2018 has Tesla traded at these levels,” Wedbush analyst Dan Ives wrote in an email to Yahoo Finance. “On an EV/EBITDA [earnings before interest, taxes, depreciation, and amortization] basis it’s the cheapest valuation to date.” Ives — a former Tesla bull who made headlines in mid-November for removing the EV maker’s stock from Wedbush’s best ideas list — isn’t too far… Source link

Saran_Poroong Even venerable Yahoo! is not yet 30 years old (founded in 1994). In that time, the company has undergone several branding changes, a swirl of product launches and deaths, four different ownership models (from start-up to private equity), and a large number of CEOs. So I was surprised when Yahoo! and content recommendation platform Taboola.com, Ltd (NASDAQ:TBLA) signed a 30-year partnership deal on November 28, 2022. Almost no one in the industry has done the internet for 30… Source link

EV-maker Rivian (RIVN) announced today it was pausing plans to co-develop an electric van with Mercedes-Benz (MBG.DE) and would no longer pursue a memorandum of understanding the two companies signed in September of this year. “Our decision to pause this partnership with Mercedes-Benz is based upon our focus on prioritizing investments with the highest returns. We have a range of opportunities to invest our capital and are constantly evaluating and refining our analysis of these projects,”… Source link

Markets remain on edge regarding the outlook for inflation, as seen in the hit to stocks last week amid a hotter than expected read on the Producer Price Index (PPI). Furthermore, this week’s Federal Reserve meeting could feature Chairman Jerome Powell pushing back on recent financial easing in markets. Couple those factors with expectations for muted corporate profit growth and a recession in the U.S., and uncertainties for the stock market in 2023 are abound. The team at Deutsche Bank led by… Source link