Traders on the floor of the New York Stock Exchange Source: The New York Stock Exchange The tug-of-war between stocks and rising bond yields could set the tone for the coming week, particularly if positive economic data continues to push Treasury yields higher. Friday’s February employment report is the highlight of the week’s data and … Read more
Warren Buffett. Gerald Miller | CNBC The world is about to hear from Warren Buffett for the first time in nine months, and the legendary investor could make a wave of headlines. The 90-year-old chairman and CEO of Berkshire Hathaway is set to release his annual shareholder letter Saturday morning along with the conglomerate’s quarterly earnings. … Read more
Traders work on the floor of the New York Stock Exchange. NYSE Rising bond yields are creating a new investing landscape with rate-sensitive stocks coming into favor, Credit Suisse analysts said. The firm has a list of stocks to play in the current environment. Source link
A Li Xiang One hybrid SUV is on display during the 18th Guangzhou International Automobile Exhibition on November 23, 2020 in Guangzhou, China. Li Zhihao | Visual China Group | Getty Images BEIJING — Nasdaq-listed Chinese automaker Li Auto forecast deliveries below that of its competitors for the first quarter. Li Auto said late Thursday … Read more
A staff member displays a burger with a Beyond Meat plant-based patty at VeggieWorld fair in Beijing, China November 8, 2019. Jason Lee | Reuters Check out the companies making headlines after the bell on Thursday: Beyond Meat – Beyond Meat shares rose as much as 14.7% in volatile trading on news that the plant-based … Read more
Stock in GameStop and AMC found another leg to run on Wednesday, posting their strongest day of trading since an internet-fueled short squeeze sent their share prices to the stratosphere last month. AMC shares closed 18% higher at $9.09 and GameStop more than doubled to settle at $91.70 weeks after a so-called “meme stock” frenzy … Read more
Freelance contractor Upwork had its best growth year as a public company last year and CEO Hayden Brown sees no sign of momentum that started before the coronavirus pandemic slowing down when the economy reopens. Younger workers, scarred by a job market battered by two recessions in just over a decade, are increasingly seeking more … Read more
Charlie Munger Lacy O’Toole | CNBC Charlie Munger, vice chairman of Berkshire Hathaway and Warren Buffett’s longtime business partner, issued a dire warning on the manic momentum-driven trading activity by amateur investors and said commission-free trading apps like Robinhood were partly to blame for the bubble. “It’s most egregious in the momentum trading by novice … Read more
A worker assembles the Lucid Air prototype electric vehicle, manufactured by Lucid Motors Inc., at the company’s headquarters in Newark, California, on Monday, Aug. 3, 2020. David Paul Morris | Bloomberg | Getty Images The speculative fervor around Lucid’s merger with special purpose acquisition company Churchill Capital Corp IV has been a hard lesson for … Read more
Clothing hangs from laundry lines as a woman walks past residential buildings in Wuhan, China, on June 14, 2017. Qilai Shen | Bloomberg | Getty Images BEIJING — A Chinese court ruled in a divorce case that a wife should get about 50,000 Chinese yuan ($7,700) from her husband in compensation for five years of … Read more