Tag Archives: Stock

(Bloomberg) — Taiwan stocks slumped, extending their biggest rout in more than a year, as the government tightened restrictions on people and businesses to control its worst outbreak of the coronavirus. The Taiwan Stock Exchange Weighted Index closed the Monday session 3% lower, having slid as much as 4.2%, as authorities urged companies to allow staff to work from home or split locations after reporting a record 206 new local cases Sunday. The benchmark gauge sank 8.4% last week on concern… Source link

Investors have been increasingly viewing cryptocurrency-related stocks as an attractive investment theme. While cryptocurrencies are decentralized, investing in crypto stocks is a centralized way of exposure to the crypto space. The long-term outlook seems attractive for cryptocurrency stocks, and one player in particular that deserves a mention is Marathon Digital (MARA). At the beginning of the year, MARA stock was trading at $10.40. As Bitcoin surged, the stock touched a high of… Source link

InvestorPlace SafeMoon, Shiba Inu, Dogecoin: The 2021 Crypto Bubble Is Unlike Anything We’ve Seen On Wednesday, Ethereum (CCC:ETH-USD) co-founder Vitalik Buterin donated some $1 billion in Shiba Inu (CCC:SHIB-USD) crypto to help India fund its Covid-19 response. Source: shutterstock.com/JFunk The strange thing? Buterin never bought the Shiba coin himself. Instead, the Shiba community had gifted him the crypto as a joke. By sending him 50% of the outstanding coins, the gag went, the currency… Source link

Tesla (TSLA) stock fell 12% this week — it’s the second worst weekly performance in a year. But it did manage to settle above a key price area watched by traders. Even if price breaks to the downside, a relatively obscure technical indicator suggests Tesla is maintaining its long-term bullish trend. “For Tesla, the trend is higher based on that cloud — or shaded area on the chart,” says Katie Stockton, founder and managing partner of Fairlead Strategies, during a Yahoo Finance Plus on… Source link

Stock futures opened little changed Thursday evening after a surge during the regular trading day, which saw the major U.S. equity indexes recover some losses after three straight days of declines.  Contracts on the Dow edged higher after the index posted its best single-session gain since March. Contracts on the S&P 500 and Nasdaq were little changed after advancing strongly earlier.  Shares of Disney (DIS) slid after the company posted quarterly revenue that missed estimates, with… Source link

Long-time minimum wage fan McDonald’s is hiking hourly wages and it may not be such bad news for investors, even though their initial reactions suggest otherwise.  The land of 550-calorie Big Macs said Thursday it will raise hourly wages “by an average of 10%” for more than 36,500 employees at more than 660 company-operated U.S. restaurants. That will take the entry-level range for crew to at least $11 – $17 an hour. Starting wages for shift managers will go to at least $15 to $20 an… Source link

Stock futures dipped Tuesday evening after posting back-to-back sessions of losses at the close of the regular trading day, with the Dow swinging to its worst one-day decline since February.  Contracts on the Dow declined another 0.1% after the selloff. Contracts on the S&P 500, and those on the Nasdaq were also lower, after the latter index clawed back intraday losses of more than 2% to end just narrowly in the red. Jitters over prospects of rising inflation have been at the forefront of… Source link

Bloomberg ‘A Preventable Mess’: How Dementia Takes Toll on Aging Lawyers (Bloomberg) — Robert Fritzshall had to be pushing 80, Bethany McLean thought, so she was a little surprised to hear him talk about expanding his law practice.His office was a bit dusty and cluttered with papers. There were files on the floor. She was concerned that he didn’t see the need to carry malpractice insurance. But she doesn’t remember anything being a red flag.“He was charismatic, enthusiastic,” she… Source link

Shares of online betting platform DraftKings () were down nearly 7% at market close on Friday after first-quarter financial results that reported a wider than expected loss and higher expenses .  But DraftKings CEO and co-founder Jason Robins struck an optimistic tone when speaking to Yahoo Finance Live on Friday, noting the company beat estimates on earnings per share and raised its full-year guidance by 16% amid increased enthusiasm for sports betting. “We’re seeing nothing in the data to… Source link

With corporate cash balances looking flush again as businesses recover from the depths of the COVID-19 pandemic, Goldman Sachs (GS) strategist David Kostin thinks a stock buyback “bonanza” is on the horizon.  Kostin estimates a 35% increase in share buybacks this year and a 5% pop in 2022. Share buybacks from U.S. companies through April have tallied $484 billion, more than double the pace at this same point last year. It marks the quickest pace of U.S. buyback announcements to kick off a… Source link