Microstrategy founder and bitcoin evangelist Michael Saylor had some strong words about fallen FTX founder and one-time billionaire Sam Bankman-Fried (SBF). “I think this [crypto] crash accelerates regulatory intervention,” Saylor said on Yahoo Finance Live (video above). “I mean, in fact, in a sense, SBF is like the Jordan Belfort of the crypto era. Instead of ‘The Wolf of Wall Street,’ they’ll make a movie called ‘The King of Crypto.'” Belfort famously was found guilty of stock market… Source link
Read More »Democrats’ big midterm gains threaten Wall Street’s split-government hopes
By Rodrigo Campos and Ira Iosebashvili (Reuters) – A stronger-than-expected showing by Democrats in the U.S. midterm elections may force investors to rethink the split government scenario many had expected. Democrats held onto control of the U.S. Senate, extinguishing hopes of the “red wave” that Republicans had expected leading into the midterm elections. Republicans remain close to seizing control of the House of Representatives as officials continued counting ballots, with results expected… Source link
Read More »A Netflix bear is suddenly Wall Street’s biggest bull — here’s why
There’s a renewed bullish fever in Netflix (NFLX) stock following a better-than-feared third quarter and outlook as well as optimism around a major profit boost from the soon-to-launch ad-supported network. Netflix stock has surged 51% in the past six months, blowing away the 7% drop for the S&P 500. That fiery advance coupled with new fundamental drivers won over Wall Street’s biggest Netflix bear on Wednesday: Pivotal Research Analyst Jeff Wlodarczak. Wlodarczak aggressively hiked his… Source link
Read More »Facebook, Google face skeptical Wall Street this week amid ad collapse
A new video by Inspired by Iceland pushes back against experiencing life through the “metaverse,” as described by Mark Zuckerberg during Facebook’s rebranding to Meta on Thursday, Oct. 28, 2021. Michael Nagle | Bloomberg | Getty Images Wall Street is bracing for disaster in online advertising. Following disappointing results from Snap last week and a 28% plunge in the stock price that sent the company’s value to its lowest since early 2019, investors are now turning their attention to ad giants… Source link
Read More »Why Wall Street is warming up to small cap stocks
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, October 20, 2022 Today’s newsletter is by Jared Blikre, a reporter focused on the markets on Yahoo Finance. Follow him on Twitter @SPYJared. Read this and more market news on the go with Yahoo Finance App The volatility on Wall Street continued on Wednesday, this time to the downside. U.S. stocks closed in the red, eating into the prior… Source link
Read More »Why Wall Street is warming up to small cap stocks
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, October 20, 2022 Today’s newsletter is by Jared Blikre, a reporter focused on the markets on Yahoo Finance. Follow him on Twitter @SPYJared. Read this and more market news on the go with Yahoo Finance App The volatility on Wall Street continued on Wednesday, this time to the downside. U.S. stocks closed in the red, eating into the prior… Source link
Read More »Netflix stock surgebut Wall Street still seems split on future
Netflix (NFLX) shares closed 13% higher on Wednesday following the company’s huge third-quarter earnings report. The platform delivered a beat on both the top and bottom lines, in addition to 2.41 million net subscriber additions — crushing estimates of 1 million. “This company is clearly back on track,” Geetha Ranganathan, senior media analyst at Bloomberg Intelligence, told Yahoo Finance Live as analysts begin to separate themselves into optimistic and not so optimistic buckets. Following… Source link
Read More »Wall Street jumps after BofA results, UK reversal
By Chuck Mikolajczak (Reuters) – U.S. stocks rallied on Monday after Britain reversed course on an economic plan, while Bank of America was the latest financial company to post solid quarterly results, which boosted optimism about the corporate earnings season. Britain named Jeremy Hunt finance minister, and he immediately dispelled many of Prime Minister Liz Truss’ fiscal measures, which had unnerved markets in recent weeks. “The UK completely backing off this plan and presumably, they kind of… Source link
Read More »A key inflation report that settles little for Wall Street: 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 Thursday, October 13, 2022 Today’s newsletter is by Jared Blikre, a reporter focused on the markets on Yahoo Finance. Follow him on Twitter @SPYJared. Read this and more market news on the go with Yahoo Finance App. Wall Street awaits this morning’s consumer price index release for September with bated breath despite the overall song remaining the… Source link
Read More »A sneak preview of Wall Street’s 2023 stock market forecasts
This post was originally published on TKer.co Stocks surged 5.7% on Monday and Tuesday and then shed almost all of those gains on Wednesday, Thursday, and Friday. When it was all said and done, the S&P 500 closed at 3,639.66, up a modest 1.5% from its Sept. 30 close of 3,585.62, which was the lowest closing price of 2022. The index is now down 24.1% from its January 3 closing high of 4,796.56. There’s a lot to be said about what’s moving markets. (You can begin to understand what’s going… Source link
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