SEOUL — Samsung Electronics Co. 005930, +0.52% 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 the extent of the global tech downturn after pandemic highs. The South Korean tech giant on Friday forecast its operating profit in the quarter ending Dec. 31 to
Month: January 2023
As her 40-year central banking career comes to a close, Kansas City Federal Reserve President Esther George is advising her colleagues to stay tough in their efforts to stamp out runaway inflation. George said Thursday that she thinks the Fed should raise its benchmark borrowing rate above 5% and keep it there until there are
Burton Malkiel, a Princeton University economics professor, in New York, Jan. 26, 2010. Julie Glassberg | The New York Times Want to learn how to be a better investor in 2023? Two classic books on long-term investing are out in new editions. If your New Year’s resolution is to learn more about the stock and
In this article SHOP-CA CAG STZ AMZN Follow your favorite stocksCREATE FREE ACCOUNT Signage outside a Bed Bath & Beyond retail store in New York, Aug. 25, 2022. Gabby Jones | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Silvergate — Shares of the crypto-focused bank tumbled more than 42%
Hope springs eternal, but the situation might be hopeless for investors of commercial electric vehicle manufacturer Cenntro Electric (NASDAQ:CENN). It’s entirely possible that CENN stock won’t even be listed on the Nasdaq before too long. Financial traders don’t need to invite problems into their lives, so it’s wise to steer clear of Cenntro Electric. Plenty of folks
Excitement over recent insider buying has cooled down, but there’s something else that may have some investors interested in SoFi Technologies (NASDAQ:SOFI) stock. SOFI has been affected by many factors, but the continued “student loan saga” has played a major role in the fintech stock’s slump over the past six months. This “saga” will come
After a year like 2022, a new year is a great opportunity to look for safe stocks to buy and hold. The definition of a safe stock is broad, so this article will focus on a select group of stocks known as dividend kings. Dividends are a portion of a company’s profits (i.e. earnings) paid
Salesforce.com Inc. investors are facing the company’s first big pothole on the road to slower growth, just as they have recently put all their faith into co-founder Marc Benioff amid a slew of departures by top executives. On Tuesday, the cloud-based software company confirmed that it will cut 10% of its workforce, which totaled 73,541 as
In this article BABA MSFT CRM GE Follow your favorite stocksCREATE FREE ACCOUNT Cincinnati – Circa September 2021: General Electric Global Operations Center. jetcityimage | iStock Editorial | Getty Images Check out the companies making headlines in premarket trading. General Electric — GE HealthCare Technologies begins trading as a separate company on the S&P 500
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Camber Energy’s (NYSEMKT:CEI) shareholders had a terrible 2022, marked by occasional pops along a persistent downward trajectory in CEI stock. This year probably won’t be any different, as Camber Energy’s strategy to avoid delisting isn’t a real, long-term solution. Besides, the company’s financials don’t seem to support Camber Energy’s massive spending plans. Therefore, prospective investors ought
To put it bluntly, Meta Materials (NASDAQ:MMAT) investors got the ground-and-pound treatment last year. It certainly didn’t help to lift anyone’s spirits when a notable stakeholder divested tens of thousands of shares of MMAT stock. On the other hand, it’s still a good idea to start a small position in Meta Materials. If all goes according
Electric vehicle stocks suffered a major blow this week, headlined by a massive selloff in Tesla (TSLA) stock. However, now may be the perfect time to grab the bull by the horns and buy the dip in EV stocks. In fact, we think this massive plunge is the best Christmas gift you could ask for.
Amazon.com Inc.’s AMZN, -0.79% layoffs will affect more than 17,000 employees, a higher number than the company initially planned and one that would represent the most reductions revealed so far at a major technology company, according to people familiar with the matter. The Seattle-based company in November said that it was beginning layoffs among its
In this article 9961-HK BIDU 9999-HK JD BABA Follow your favorite stocksCREATE FREE ACCOUNT Alibaba has faced growth challenges amid regulatory tightening on China’s domestic technology sector and a slowdown in the world’s second-largest economy. But analysts think the e-commerce giant’s growth could pick up through the rest of 2022. Kuang Da | Jiemian News
In this article HON PFE MU BABA BABA MSFT CRM WYNN Follow your favorite stocksCREATE FREE ACCOUNT The Wynn Resorts logo stands illuminated as people sit by the fountain at the Wynn Macau casino resort in Macau, China, on Tuesday, July 24, 2018. Pual Yeung | Bloomberg | Getty Images Check out the companies making
Mullen Automotive’s (NASDAQ:MULN) days as a “meme stock” high-flier have long since passed, but MULN stock continues to attract attention from speculators. After declining by 94.5% last year, shares in the electric vehicle startup have seemingly found support at between 25 and 35 cents per share. Yet while some may be wagering that a big
The S&P 500 generated a total return of -19.44% in 2022, its worst calendar-year performance since 2008. Not surprisingly, given that the energy sector was the only sector in positive territory this past year, up 59%, nine out of the 10 top stocks in 2022 were oil and gas-related businesses. Very early in the new year, investors
I think that 2023 will hold multiple pleasant surprises. Indeed, my view is that, with inflation set to sink, bond prices likely to climb, and stock markets’ performance poised to surpass analysts’ average expectations, there should be many ways for investors to profit this year. Given my own largely positive macro outlook, I view stocks
Salesforce Inc. plans to cut about 10% of its staff as part of a restructuring plan, the software company said Wednesday. The company will also exit some real estate and cut back on office space, it disclosed in a filing with the Securities and Exchange Commission. The plan is aimed to reduce operating costs, boost