Tag Archives: tanking

Tesla stock is picking right up where it left off in 2022: Lacking juice. Shares of the EV maker fell more than 12% on Tuesday, the biggest one-day drop in more than two years. The stock at one point hit its lowest level since August 2020, with investors reacting to a lackluster fourth-quarter delivery figure released on New Year’s Day. Tesla was the top-trending ticker on the Yahoo Finance platform. Tesla saw fourth-quarter deliveries rise 18% sequentially to 405,000, missing consensus… Source link

Tesla stock is picking right up where it left off in 2022: Lacking juice. Shares of the EV maker fell more than 12% on Tuesday, the biggest one-day drop in more than two years. The stock at one point hit its lowest level since August 2020, with investors reacting to a lackluster fourth-quarter delivery figure released on New Year’s Day. Tesla was the top-trending ticker on the Yahoo Finance platform. Tesla saw fourth-quarter deliveries rise 18% sequentially to 405,000, missing consensus… Source link

Investors in Meta stock wanted to hear one thing on the embattled company’s earnings call late Wednesday: an acknowledgement by founder Mark Zuckerberg that leaner spending times were ahead as margins have been squeezed by an ill-timed metaverse build out and a slowing ad market. They heard the opposite. The social media platform outlined about 13% year-over-year expense growth for fiscal year 2023, well above the Street’s forecast of 7%. Meta will clearly continue to spend aggressively —… Source link

The NBA’s current lottery system incentivizes less-than-blessed franchises to do all they can to do as little as possible in order to be in the best position to draft someone like, say, Victor Wembanyama. The league has tried various initiatives to curb the scourge that is tanking — something NBA commissioner Adam Silver is so concerned about he addressed it to team employees with the Phoenix Suns recently — a franchise that seemingly has very little chance of such a worry. As… Source link

Gas prices in the U.S. fell below $4 dollar per gallon for the first time since March, leaving Americans with more money to satisfy fast food cravings. “Never short the American appetite,” Citi Research U.S. Restaurant and Leisure Analyst Jon Tower, told Yahoo Finance (video above), adding that certain restaurant brands are now in a sweet spot to serve up returns for investors. Tower’s top picks include: YUM! Brands (YUM), Domino’s (DPZ) and Wingstop (WING). At the peak of higher gas prices in… Source link

Lumber prices hit a nine month low as borrowing costs surge.Carolyn Cole/Getty Images Lumber prices are spiraling as red-hot house prices and the rising cost of mortgages is hitting affordability. Nearly 80% of National Housing Survey respondents reported now is the worst time to buy a home. It’s set to worsen as Americans foresee their financial situations deteriorating over the next year. Lumber prices have been on a steep decline as a combination of rising interest rates, record-high… Source link

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 Thursday, May 26, 2022 Today’s newsletter is by Jared Blikre, a reporter focused on the markets on Yahoo Finance. Follow him on Twitter @SPYJared. It’s no secret that stocks and the 401(k)s that hold them have been battered and bruised this year, as every fledgling rally eventually whipsaws investors further into the red. Last week, the S&P 500 ( Source link

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 Thursday, March 31, 2022 The Bank of Japan (BOJ) was in a bind on Monday. Its currency, the yen, was crashing while yields on their government bonds were surging. The solution — four days of unbridled bond buying by the BOJ to stem the hemorrhaging and contain interest rates. While the gambit worked (for now), Wall Street is waking up to this… Source link