Text size Photo by MANDEL NGAN/AFP via Getty Images U.S. companies are fleeing Russia, something that could create headwinds going forward. For companies in countries that haven’t imposed sanctions, h...
Tag: SYND
Does Lukoil Use Russian Oil? Americans Are Boycotting Gas Stations.
Text size A petrol tanker delivers fuel stores to a Lukoil gas station. Oliver Bunic/Bloomberg First, it was vodka. Now it’s gas stations. Americans are calling for the boycott of some of Russia’s bes...
Why Did Mortgage Rates Fall Again? How Ukraine and Russia Affect Housing.
Text size The average rate on a 30-year fixed mortgage rate fell to 3.76% this week. Dreamstime.com Mortgage rates fell for a second consecutive week after Russia’s invasions of Ukraine triggered a fl...
Snowflake Stock Falls as Software Tweak Hits Revenue. Analysts Remain Bullish.
Text size Snowflakes made a tweak to its software that allows customers to do more with less resources. That hit revenue because customers pay only for the amount of computing time they use. Dreamstim...
DraftKings Wrapped Up Its Investor Day. These Are the Main Takeaways.
Text size Scott Eisen/Getty Images for DraftKings DraftKings is on its way to achieving a path to profitability as it works to increase gross margins and reduce spending on customer acquisition, the c...
Tesla Finally Gets German Plant Approval. The Stock Is Falling.
Text size In this aerial view, the new Tesla Giga factory stands near Gruenheide just outside Berlin. Sean Gallup/Getty Images Tesla investors woke to a bit of good news Thursday but the stock isn’t h...
Best Buy Stock: Earnings Reveal Tough Christmas Quarter. Company Raises Dividend.
Text size Best Buy is contending with short-term headwinds, but the electronics retailer is expecting business to pick up by fiscal 2025. Scott Olson/Getty Images Best Buy stock rose Thursday despite ...
Why Moving to a State with Low Income Taxes Could Cost You
That’s what financial professionals are telling clients who are fed up with high income tax rates in their home state and weighing an out-of-state move. They’re counseling clients to take an in-depth ...
Stagflation Is Coming. What You Need to Know.
There is no question that Russia’s invasion of Ukraine is going to push inflation higher, given the amount of energy and food commodities produced by the region and the responses by countries and comp...
The Stock Market Has Gotten Crushed. Why the Pain Isn’t Over.
Text size The Fed and Ukraine crisis are two negative catalysts for stocks going forward. Dreamstime The S&P 500 is down about 9% from its all-time high, hit in early January. And the pain might n...
Why Does the U.S. Buy Russian Oil?
The fracking boom made America the world’s biggest oil producer a few years ago, but the U.S. still imports millions of barrels each day from other parts of the world, including Russia. Here is a look...
Plug Power’s Outlook Remains Strong, Boosting the Stock Despite Mixed Earnings
Text size Plug Power said it is on track to achieve its goal of $3 billion in revenue in 2025. Dreamstime Shares of Plug Power were rising in late trading as investors expressed cautious optimism over...
Baidu Stock Jumps Even as Earnings Miss Estimates. Here’s What to Like.
Text size Like its peers in the Chinese tech sector, Baidu faces macroeconomic headwinds. Liu Jin/AFP via Getty Images A growing cloud computing and artificial intelligence business at Baidu helped th...
Vroom Stock Stalls Out as Used-Car Seller Posts Disappointing Quarter
Text size Vroom’s revenue was higher than anticipated, but the used-car seller lost more money than expected. Gabby Jones/Bloomberg Tight supplies and soaring prices for new cars continue to hav...
Baidu Stock Jumps Even as Earnings Miss Estimates. There Are Big Things to Like.
Text size Like its peers in the Chinese tech sector, Baidu faces macroeconomic headwinds. Liu Jin/AFP via Getty Images A growing cloud computing and artificial intelligence business at Baidu helped th...
Rivian Stock Ends a Hard Week With a Price Target Cut
Text size Rivian Courtesy Rivian Investors in electric-truck start-up Rivian Automotive are having a tough week. Shares slid again Friday after Baird analyst George Gianarikas cut his price target for...