Tesla rallies more than 8% as Citi optimistic about quarterly earnings
[ad_1] Tesla Inc. shares jumped more than 8% in midday trading Monday, recouping some of their recent steep losses, and as analysts at Citi said they were optimistic about the…
Swiss National Bank estimates it’ll record $143 billion loss
[ad_1] Fixes the size of the 2021 profit. The Swiss National Bank on Monday estimated it will lose 132 billion francs ($143 billion) for 2022, reportedly the largest in its…
XPeng stock just misses a record selloff, snaps 5-day win streak
[ad_1] The U.S.-listed shares of XPeng Inc. plunged Friday to snap a five-day win streak, as price cuts by Tesla Inc. in China soured sentiment toward China-based electric vehicle makers.…
AbbVie cuts earnings forecast due to milestone payments
[ad_1] AbbVie Inc. executives lowered their outlook for the quarter and year in a filing with the Securities and Exchange Commission late Friday, which cited research and development expenses and…
As COVID vaccine and Paxlovid sales decline, analysts want to know what’s next for Pfizer
[ad_1] Pfizer PFE, +0.28% is the latest pandemic stock to face questions about its long-term strategy as revenue from its COVID-19 vaccine and antiviral business starts to dry up. Bank…
Southwest sees flight cancellations costing up to $825 million
[ad_1] Southwest Airlines Co. warned Friday that it expects to report a surprise net loss for the fourth quarter, because of the costs associated with all the flights it canceled…
BofA’s Rick Sherlund predicts software comeback
[ad_1] Bank of America top banker Rick Sherlund sees a major market shift ahead. According to Sherlund, optimism surrounding technology stocks will make a comeback this year — but the…
Samsung forecasts big slump in fourth-quarter profit as tech demand wanes
[ad_1] SEOUL — Samsung Electronics Co. 005930, +0.34% said it expects its fourth-quarter profit to plunge as the firm’s mainstay memory-chip and smartphone businesses face a sharp pullback in demand, showing…
Bed Bath stock plunges after warning that it may need to declare bankruptcy
[ad_1] Bed Bath & Beyond Inc. said Thursday that it has “substantial doubt” about its “ability to continue as a going concern,” as the company also disclosed that it expects…
Silvergate lost more than $700 million selling assets to cover withdrawals during crypto selloff
[ad_1] The collapse of crypto exchange FTX sparked a run on Sivergate Capital Corp., forcing the bank to sell assets at a steep loss to cover some $8.1 billion in…
Li Auto stock jumps after announcing record EV deliveries in December
[ad_1] Li Auto Inc. said Friday that it delivered more than 20,000 electric vehicles in December, which is more than 33% above the previous monthly record delivered last month. The…
Chinese auto makers plunge as COVID surge prompts delivery cuts
[ad_1] Shares of Chinese auto makers plunged as growing COVID-19 outbreaks across China halted vehicle production, triggering delivery cuts and sparking worries of a sales decline in the world’s biggest…
How BofA came back from the brink of collapse
[ad_1] The 2008 financial crisis had a devastating impact on Bank of America. Shares of the bank were trading for as low as $2.53 in 2009 and net income dropped…
Nio stock drops after EV maker cut delivery guidance
[ad_1] Shares of Nio Inc. took a dive Tuesday, after the China-based electric vehicle maker said it was “prudently” cutting its fourth-quarter deliveries estimate, citing COVID-related production challenges and continued…
Under Armour, Micron Technology and more
[ad_1] Shoppers pass an Under Armour store in White Plains, New York. Scott Mlyn | CNBC Check out the companies making headlines after the bell: Micron Technology — The semiconductor…
Tesla stock suffers longest losing streak since March 2020 after Wedbush slashes price target by 30%
[ad_1] Shares of Tesla Inc. suffered their longest losing streak since the start of the COVID pandemic, after Wedbush analyst Dan Ives slashed his price target by 30%, citing “demand…
U.S. new home sales rose in November by 5.8%
[ad_1] The numbers: U.S. new home sales rose 5.8% to a seasonally-adjusted rate of 640,000 in November, from a revised 605,000 in the prior month, the Commerce Department reported Friday.…
Amazon stock breaks below 2020 low for the first time, heads for worst year since dot-com bust
[ad_1] Amazon.com Inc. shares closed lower than their March 2020 nadir for the first time Thursday, as the tech giant’s stock heads for its worst year since the dot-com bust.…
Avocado prices are plunging, and taking Mission Produce stock along for the ride
[ad_1] Mission Produce Inc. shares plunged in after-hours trading Thursday following an earnings report that showed the effects of rapidly declining avocado prices. Mission Produce AVO, -3.37% reported a fiscal…
Micron’s recovery from ‘worst memory downturn in 13 years’ will take time, analyst says
[ad_1] Micron Technology Inc.’s results and outlook show the memory-chip market is probably at its worst downturn in 13 years and analysts expect the bounce back may take a while.…
Dow futures climb over 200 points after Wall Street snaps a losing run
[ad_1] U.S. stock futures advanced on Wednesday, with Wall Street poised to build on its climb out of a four-straight losing hole as the long Christmas weekend nears. Well-received results…
BlackBerry’s third quarter tops Wall Street’s earnings expectations
[ad_1] Cybersecurity and Internet-of-Things company BlackBerry Ltd. late Tuesday reported quarterly results that topped Wall Street expectations, although shares did little in after-hours trading. BlackBerry BB, +0.97% reported a third-quarter…
Disney stock on its way to worst year since 1974 after ‘Avatar’ sequel disappoints
[ad_1] “Avatar: The Way of Water” couldn’t reverse Walt Disney Co.’s recent funk, which has the stock on a path for its worst year since 1974. Disney shares DIS, -4.77%…
New York bans sales of dogs, cats and rabbits in retail stores
[ad_1] New York State has officially banned the sale of dogs, cats and rabbits at retail pet stores in hopes of improving pet-adoption rates and ending the puppy-mill pipeline. “Dogs,…
U.K. retail sales fell in November, missing expectations for an increase
[ad_1] U.K. retail sales decreased in November, adding to evidence of weak consumer spending midway through the fourth quarter as high inflation and rising interest rates hit households’ incomes. Retail…