Tesla Inc. shares Friday wrapped up their worst week since 2020, as Chief Executive Elon Musk sold billions in stock and faced a call from a prominent investor to step down from the helm of the electr...
Tag: Corporate/Industrial News
How much should you have saved for retirement?
When I was in my 20s, I was lucky to work for a company that offered a pension plan—and that put me on the road to retirement. Today, unfortunately, company pensions are rare. How can you ensure a com...
AMD Is Morgan Stanley’s Top Chip Stock Pick for Next Year
Morgan Stanley says Advanced Micro Devices stock is providing an attractive buying opportunity on the back of its strong lineup of server processors. On Thursday, semiconductor analyst Joseph Moore ma...
The Crypto Ice Age Is Here. It Could Get Even Worse.
For crypto investors, the only thing to celebrate about 2022 is that it is almost over. The industry is fighting for its life amid a cascade of scandals, bankruptcies, and fury in Washington over its ...
BioNTech upgraded to buy on high hopes for combined flu/COVID vaccine and oncology pipeline
Bank of America analysts upgraded BioNTech SE stock to buy from hold on Thursday, citing excitement about its mRNA technology and the outlook for a combined flu/COVID vaccine and oncology vaccines tha...
Tesla and four other laggards should be avoided next year, this technical analyst says
Stocks seem stuck. The S&P 500 SPX has been wobbling within a 200-point channel for about a month. Market frenemy Jay Powell on Wednesday made sure with his hawkish stance that it didn’t challenge...
Nvidia stock is top pick as ‘fundamental bottom’ nears for chips, analyst says
After a semiconductor shortage flipped into a glut in 2022, chip stocks are headed for a strong entry point and will lead the broader market in the new year, with Nvidia Corp. the best pick among them...
Adobe Stock Rallies as Profits Top Expectations
Adobe shares gained ground after the provider of content development and marketing software tools posted better-than-expected quarterly profits. While the numbers for Adobe’s fiscal fourth quarter, en...
Qualcomm Stock Could Rise in 2023. J.P. Morgan Cites 3 Reasons Why.
Text size Qualcomm President and CEO Cristiano Amon. Ethan Miller/Getty Image J.P. Morgan predicts Qualcomm, a maker of mobile processors and 5G wireless chips, is primed for a comeback next year. On ...
Tesla Stock Isn’t Out of the Woods Yet. There Are Too Many EVs.
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Stocks are closing out a dismal 2022 as the Fed fights inflation. Here’s what history says comes next.
Stock-market investors have plenty of reasons to feel gloomy heading into 2023: Inflation is still high, the housing market is sputtering and the Federal Reserve just raised interest rates by another ...
Binance Crypto Exchange Faces Test as Customers Withdraw Funds
There’s nothing in crypto like the New York Stock Exchange, but if the industry has anything close, Coinbase Global and Binance fill that role. Coinbase (ticker: COIN) is based in the U.S. and provide...
TUI reports narrowed net loss for fiscal 2022 as travel recovers.
TUI AG TUI, -9.21% on Wednesday reported a narrowed net loss for fiscal 2022, but missed full-year market expectations, and said that it expects higher revenue and underlying earnings for fiscal 2023....
The Fed Will Lift Rates at Its Meeting Today. What to Expect After That.
The Federal Reserve’s efforts to tame runaway inflation appear to be working, but there is still a long way to go. Investors rejoiced on Tuesday, sending stocks higher after the release of a fifth-str...
Oracle’s ‘practically perfect’ earnings report sends stock higher
Oracle Corp.’s cloud offerings and its Cerner business were highlights of the software company’s second-quarter results, analysts say. Oracle ORCL, -0.89% beat Wall Street’s top- and bottom-line expec...
Opinion: Opinion: The Fed should pause rate hikes since inflation has slowed — it won’t
The Federal Reserve should declare an immediate cease fire in its war against inflation and hold its benchmark interest rate steady instead of raising the federal funds by a half percentage point to a...
FTX fallout continues with Bankman-Fried arrest. But where is former Alameda CEO Caroline Ellison?
FTX founder Sam Bankman-Fried is squarely in the spotlight following his arrest in the Bahamas, but attention is also focused on the whereabouts of Caroline Ellison, former CEO of Alameda Research, th...
Vanguard sees a recession in 2023 — and one ‘silver lining’ for investors
The last 12 months was a year of fast-rising inflation, fast-rising interest rates and fast-rising questions about a future recession. Prices went up while stock markets and savings account balances w...
Clovis Enters Bankruptcy With Deal to Sell Cancer-Drug Candidate to Novartis
Clovis Oncology Inc., maker of the ovarian and prostate cancer drug Rubraca, filed for bankruptcy over the weekend with a proposed deal in hand to sell its rights to a cancer therapy under development...
Oracle Stock Rises on Strong Earnings
Oracle shares were moving higher late Monday after the company posted better-than-expected financial results for its latest quarter. The enterprise software giant continued to see success in shifting ...
GE HealthCare Is Going Independent. This Is Where the Stock Should Trade.
Text size GE HealthCare should generate about $3.3 billion in Ebitda for all of 2022. Kamil Krzaczynski/Getty Images To start 2023, investors will have a choice to invest in a brand new $18 billion co...
These are the 5 most damning things FTX’s CEO has to say about Sam Bankman-Fried
Sam Bankman-Fried’s management of FTX was an “utter failure” that lacked any level of financial control and allowed his family-office trading vehicle, Alameda Research, to raid the crypto exchange’s c...
Binance and Its CEO at Risk of Criminal Charges Over AML Rules: Report
The cryptocurrency exchange Binance and executives including CEO Changpeng Zhao are at risk of U.S. criminal charges over compliance with U.S. money-laundering laws and sanctions, according to a repor...
Buy Nvidia, AMD, and Qualcomm Stock, Analyst Says. Here’s Why.
After a difficult year for chip stocks, Bernstein is telling investors to take advantage of the share price declines and buy three semiconductor companies that have the best product outlooks. On Frida...