NewAge Inc., a publicly traded seller of beverages, supplements and other health and wellness products, said its bankruptcy filing is due in part to the cost of an investigation into a potential viola...
Tag: Corporate
Japan To Cut Corporate Crypto Tax, Crypto Daily TV 02/09/2022
In Todays Headline TV CryptoDaily News: Binance looks to ramp up market share with free trading. Crypto exchange Binance is ramping up efforts to grab market share by expanding its free trading to inc...
Toyota Is Upping Its EV Game to Catch GM, Ford, and Tesla
Text size An all-electric 2023 BZ4X from Toyota. The company sold only 14,000 all-electric vehicles in 2021. Courtesy of Toyota The automotive giant Toyota Motor is starting to pivot away from hybrid ...
What does Friday’s jobs report mean for the market? ‘Too hot’ and stocks could tumble, says market pro
With Federal Reserve Chair Powell last week reaffirming plans to keep raising interest rates to bring down inflation despite the risk of recession, Friday’s monthly U.S. jobs report may once again car...
Celebrity Medicare Sales Pitches Are Toned Down After Scrutiny
If it’s football season, you can count on seeing Joe Namath on television, along with William Shatner and Jimmie “J J” Walker. They are the most prominent pitchmen for what has become an annual fall s...
Lucid, SoFi, and 3 Other SPAC Stocks Whose Downturns Might Be Ending
Text size Most SPAC-related stocks, including Virgin Galactic, haven’t been soaring in recent months. Courtesy Virgin Galactic Sometimes the best time to look for new investment ideas are when t...
Tesla Stock Takes Hit From Nvidia’s Warning About Business With China
Text size Production at Tesla’s Shanghai Gigafactory could face another supply problem in coming months. Xiaolu Chu/Getty Images Nvidia ’s new chip problem can impact shares of some chip custome...
September Could Be Even Worse for Stocks. How to Survive the Downturn.
Text size Traders are hoping the Friday jobs report will be cooler than expected, which would ease the pressure on the Fed to push rates up so quickly. NYSE The stock market could have a tempestuous S...
C3.ai Stock Tumbles. It Sees Lower Revenue and Is Changing Business Models.
Text size Software provider C3.ai is shifting to a consumption-based business model like Amazon Web Services. Dreamstime Artificial intelligence software company C3.ai slashed its revenue outlook and ...
Nvidia Stock Drops as U.S. Limits Exports to China. ‘Military End Use’ Is Key.
Text size Nvidia’s A100 chips ae used in data centers for high-performance applications such as artificial intelligence. Courtesy NVIDIA Nvidia can’t catch a break. Late Wednesday, the chip make...
Nvidia Warns of Sales Hit from New U.S. Chip Licensing Requirements For China
Listen to article (2 minutes) Nvidia could lose as much as $400 million in quarterly sales after the U.S. imposed new licensing requirements on shipments of some of its most advanced chips to China, t...
China’s Property Market Has Slid Into Severe Depression, Real-Estate Giant Says
Listen to article (1 minute) One of China’s largest developers said the country’s property market has tumbled into a severe depression, using some of the strongest language yet to describe the yearlon...
Okta stock falls despite increased forecast, earnings beat
Okta Inc. shares fell in late trading Wednesday despite revealing an increase in the software company’s annual outlook and reporting a better quarter than Wall Street expected. Okta OKTA, +0.26%, whic...
3M’s Bankruptcy Setback Deepens Earplug Litigation Troubles
3M Co. had good reason to bet that it could use U.S. bankruptcy laws to shield itself from a mountain of personal-injury lawsuits filed over its allegedly defective military earplugs. But after a bank...
Opinion: Don’t forget that the big money in stocks is usually made during down markets
The VanEck Semiconductors ETF SMH, -0.90% is down 12%. The Nasdaq Composite Index COMP, -0.29% is down 9%, and the S&P 500 SPX, -0.47%, the Dow Jones Industrial Average DJIA, -0.58% and the Russel...
Dreaming of a Big Inheritance? Don’t Count On It, Financial Advisors Say
Separating fact from fantasy is one of the most valuable services that financial planners can provide to their clients. And a common financial fantasy is that our parents will leave us a sizable inher...
BofA’s Corporate Clients Rushed to Scoop Up Shares During Rout
(Bloomberg) — In the grip of the latest equity rout as hedge funds rushed for the exit, one reliable source of market support emerged: Corporate clients at Bank of America Corp. went on a buying...
The Dollar Will Get Even Stronger. Why That Could Slam the Global Economy.
Even for mighty Microsoft , $595 million is a lot of money. That’s how much the software giant’s sales were reduced in the most recent quarter by the ever-stronger U.S. dollar. Indeed, a broad range o...
Dow Inc., LyondellBasell and Westlake Get ‘Petrochemical Recession’ Downgrades
Text size Dow recently announced plans to cut its global polyethylene operating rates by 15%. Jeff Kowalsky/Bloomberg Dow Inc. is one of three chemicals stocks that KeyBanc downgraded, noting a “petro...
Why a Bearish Money Manager Likes Gambling Stocks and Is Ready to Dump Apple
Dan Niles thinks the stock market is headed lower. Maybe a lot lower. A Stanford University–trained electrical engineer who once worked at the old minicomputer giant Digital Equipment, Niles has focus...