Markets are nearing the end of a tough week, with one more hurdle to go after Fed Chairman Jerome Powell set investors straight on his willingness to go to the mat on inflation. Next up is Friday’s no...
Tag: industrial news
Recently, I’ve been ‘over-employed,’ working two jobs to rake in $300K a year. Now I have enough saved to buy a business, but I need trustworthy advice. Where do I turn?
Having two full-time jobs doubled my annual income to $300,000 and allowed me to accumulate enough savings to purchase a few online businesses. Getty Images/iStockphoto Question: I’ve been a member of...
Tesla stock falls nearly 3%, heads toward 4th straight loss
Shares Tesla Inc. TSLA, -3.04% slumped 2.8% toward a five-week low in premarket trading Thursday, putting them on track for a fourth straight loss, amid Wall Street concerns over Chief Executive Elon ...
Signature Bank stock drops sharply after Silvergate announces winddown
Signature Bank SBNY, -1.47% stock is down 11% in premarket trades as carnage from the announced wind-down of digital currency financial services company Silvergate Capital Corp. SI, -5.76% impacted th...
Medicare and HSAs don’t mix — what near-retirees need to know
Dear Ms. MoneyPeace, I am retiring this year and trying to understand Medicare. At this point I am covered fully by a company plan. I turned 65 last fall and plan to retire in August or September. Wh...
Credit Suisse Stock Is Falling. Annual Report Is Delayed After Call From SEC.
Credit Suisse shares were falling on Thursday after the Swiss lender said it is delaying the publication of its annual report. The stock was down 5.3% in Zurich trading. Credit Suisse (ticker: CS) Ame...
Asana Stock Is Rising. KeyBanc Sees 50% Upside in Bull Case.
Asana the provider of business software, is set to open higher on Thursday. KeyBanc says the shares could still move substantially higher. Analysts led by Jason Celino said the stock price could rise ...
Tesla Stock Is Down. Steering Wheels Are Not the Reason.
Safety matters a great deal in the automotive market. Safety recalls and investigations, paradoxically, don’t matter as much. Investors might not be able to tell that by looking at stocks. Tesla (tick...
Fed may stutter-step at end of interest rate hiking cycle for first time since 1990
U.S. financial markets are taking a more cautious approach as they forecast future Federal Reserve interest-rate decisions after Chair Jerome Powell said policymakers will likely need to raise interes...
Qualcomm stock bounces after dividend raised, boosting yield to nearly 2.7%
Shares of Qualcomm Inc. QCOM, +0.66% gained 0.4% in premarket trading Wednesday, a day after closing at a seven-week low, after the semiconductor maker raised its quarterly dividend by 6.7%, to 80 cen...
CrowdStrike’s Latest Earnings Convince Analyst It’s a Top Cybersecurity Stock
CrowdStrike’s strong fourth-quarter earnings and upbeat guidance underlines its status as one of the top performing software security names, according to one analyst. D.A. Davidson analyst Rudy Kess...
Warren Buffett’s Berkshire Hathaway Buys More Occidental Stock. How Much It Owns Now.
Berkshire Hathaway bought almost 6 million shares of Occidental Petroleum in recent days, bringing its stake in the big energy company to 200.2 million shares worth $12.2 billion, according to a filin...
United Natural Foods Stock Plunges After Slashing Profit Guidance
United Natural Foods stock plunged more than 23% early Wednesday as the food distributor slashed its profit outlook for 2023 and withdrew long-term financial targets. The company (Ticker: UNFI), which...
Occidental Petroleum’s stock rises after Buffett boosts stake, CrowdStrike after earnings beat
These were some of the biggest movers and shakers in premarket trading Wednesday: Stock gainers: Occidental Petroleum Corp.’s stock OXY, -1.35% rose almost 3% premarket after filings disclosed that Wa...
Buffett’s Berkshire Buys More Occidental Stock. How Much It Owns Now.
Berkshire Hathaway bought almost 6 million shares of Occidental Petroleum in recent days, bringing its stake in the big energy company to 200.2 million shares worth $12.2 billion, according to a filin...
Fed says interest rates poised to go ‘higher than previously anticipated.’ Here’s a simple way to profit from that
Fed Chair Jerome Powell testified before the Senate Banking, Housing and Urban Affairs Committee on Tuesday. mandel ngan/Agence France-Presse/Getty Images As part of the continued effort to reduce inf...
U.S. Shale Boom Shows Signs of Peaking as Big Oil Wells Disappear
HOUSTON—The boom in oil production that over the last decade made the U.S. the world’s largest producer is waning, suggesting the era of shale growth is nearing its peak. Frackers are hitting fewer bi...
An Offshore Oil Rebound Is Under Way. It’s Lifting These Stocks.
Text size Spending on offshore oil drilling is expected to rise in coming years. Carina Johansen/Bloomberg Offshore oil drilling has been growing slowly in recent years as energy companies have hesita...
Nutanix stock drops as results trigger fear of ‘the cockroach theory’
Nutanix Inc. shares fell Tuesday after incomplete results and the disclosure of an investigation into reported costs led one analyst to voice concern about “the cockroach theory.” Nutanix NTNX, -7.89%...
After weathering pandemic storm, cruise-line stocks offer upside, says Stifel
Like the rest of the travel industry, cruise operators have weathered a pandemic-related storm over the last couple of years, but they now deserve attention from investors, says analyst firm Stifel. “...
CrowdStrike Earnings Show It’s a Top Cybersecurity Stock, Analyst Says
CrowdStrike’s strong fourth quarter earnings and upbeat guidance underlines its status as one of the top performing software security names, according to one analyst. D.A. Davidson analyst Rudy Kess...
Credit Suisse to delay publication of 2022 annual report on SEC comments
Credit Suisse Group AG said Thursday that it will delay the publication of its 2022 report after a late call from U.S. market regulators over 2019 and 2020 cash-flow statements, adding a further heada...