Daily Trade

The mercurial Elon Musk finally made it official Friday: He declared in a regulatory filing that he no longer wants to go through with his $44 billion deal to buy Twitter Inc., a deal that the market has never really expected would happen. The big question now is who has the best legal case when

Stock traders, mark your calendar for July 12. That’s when shareholders of San Francisco-headquartered neo-banking firm SoFi Technologies (NASDAQ:SOFI) will vote on a potential reverse stock split. This event could prove to be a pivotal moment for the company, and for the future trajectory of SOFI stock. 2022 has been a tough year for banks, both

Social media platforms including Twitter TWTR, -4.37% and Facebook META, -0.68% parent Meta said Friday they’re taking down any videos of the assassination of former Japanese Prime Minister Shinzo Abe. The companies say such videos violate their rules of harmful content on the platform. Multiple videos of the attack showing a gunman firing a double-barreled

Today, I have chosen six stocks hedge funds love. To simplify this, I decided to pick the top three stocks of two of the most watched hedge funds that are the most popular in the market. One of those funds is Michael Burry’s Scion Asset Management. We use the company’s 13-F holdings report from the

Shares of major Chinese electric car makers jumped in Hong Kong, as investors welcomed Beijing’s latest plan to launch more auto consumption stimulus measures. NIO Inc. SG:NIO soared as much as 7.4% within an hour of trading, and shares were last up 6.7%. XPeng Inc. HK:9868 gained 2.8% and Geely Automobile Holdings Ltd. HK:175 added

It goes without saying that 2022 has been brutal for growth stocks, but Carvana (NYSE:CVNA) is a name that in particular has been hard hit. Year-to-date, CVNA stock is down 88.5%. What’s behind this stunning plunge in price for shares in this automotive e-commerce company? Rising interest rates, and their impact on stock market valuations,

Investors should brace for the start of a U.S. recession in the second half of 2022 and for the stock market to record a roughly 20% retreat for the full year, according to a revised outlook from the Wells Fargo Institute released Thursday. Strategists at the banking giant’s investment management unit now expect a roughly

Just when things couldn’t get any worse for Robinhood Markets (NASDAQ:HOOD), a report from the United States House of Representatives Financial Services Committee shows that the retail brokerage had far less liquidity than it suggested at the height of the meme stock phenomena. In the aftermath of that announcement, HOOD stock dropped about 5%, throwing

Samsung Electronics Co. shares climbed by the most in more than two months on Thursday despite softer second-quarter preliminary earnings. Shares in the South Korean tech giant rose as much as 3.7% to 58,500 won ($44.82) in early afternoon trade, on course to notch the steepest daily percentage rise since April 28, when they jumped

The Covid-19 pandemic accelerated the growth of several e-commerce players as consumers moved to online shopping channels amid lockdowns. However, with the reopening of the economy, spending has shifted back to brick-and-mortar stores and to experiences like travel. Further, high inflation and fears of a recession are impacting consumers’ purchasing power. That said, the long-term

Over the past several months, collectives have been framed as the scandalous side of NIL.  There have been reports of million-dollar deals being used as recruiting inducements and rumors of bidding wars. They’ve drawn the ire of Nick Saban and countless other college sports officials, who think they could ruin the future of college sports by facilitating

Dallas-headquartered telecommunications giant AT&T (NYSE:T) now has a deal with the Federal Aviation Administration (FAA). This should help solidify AT&T’s status as a 5G leader. This also bodes well for T stock, which is ideal for value seekers and dividend collectors alike. When dollar inflation gets to a fever pitch, stubbornly staying in an all-cash position

Shares of Chinese restaurant operators fell on Wednesday amid renewed lockdown fears after a rise in Covid-19 cases in parts of the country. Shares of Yum China Holdings Inc., YUMC, -6.89% one of the country’s biggest fast-food restaurant operators, was 6.1% lower at midday, while hotpot operator Haidilao International Holding Ltd. 6862, -5.25% s lipped

It turns out investing in a vacuum can be a poor idea, even a really strong sounding one. But in today’s current market and as that relates to Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL), investors may have a less challenging time cleaning up as profitable buyers in GOOG stock. Shopify (NYSE:SHOP), Amazon (NASDAQ:AMZN), Tesla (NASDAQ:TSLA) and Alphabet are

U.S. stock futures lost ground as global growth fears weighed on sentiment and the dollar hit a 19-year high. What’s happening Dow Jones Industrial Average futures YM00, -0.45% fell 0.6% to 30,869 S&P 500 futures ES00, -0.48% lost 0.7% to 3,802 Nasdaq 100 futures NQ00, -0.60% slid 0.8% to 11,521 On Friday, the Dow Jones

Fifth generation (5G) wireless is exploding in terms of its adoption and growth around the world. According to market research firm Precedence Research, the global 5G market is forecast to reach $1.87 trillion by 2030 for a compound annual growth rate (CAGR) of 44.63% between this year and the start of the next decade. Because of

By Dominic Chopping STOCKHOLM–SAS AB said Tuesday that it has filed for chapter 11 bankruptcy protection in the U.S. as it seeks to push through its comprehensive financial restructuring to cut costs and raise capital under the supervision of the U.S. court system. Struggling with high debt and a lack of cash, SAS earlier this

Fed-up investors who dumped Alibaba Group (NYSE:BABA) stock in March will regret it. BABA stock bottomed at $73.28 in mid-March 2022. The following month, Premier Li Kequiang said it would pause its crackdown on the sector. The shift to promoting economic growth proved helpful to BABA stock. Shares are up by around 60% from the

Ray Dalio has hit out at political extremes in the U.S. that don’t respect a rules-based system, and warned that Russia is likely to be the “lesser loser” from the Ukraine war as the economic cost to the West causes NATO support to fracture. The founder of Bridgewater Associates, the world’s largest hedge fund with

Source: helloabc / Shutterstock.com A negative report recently came out, and it’s replete with allegations against Chinese electric vehicle (EV) maker Nio (NYSE:NIO). Consequently, traders should avoid NIO stock for now, or at least not add to any existing positions. In recent weeks, things had really been looking up for Nio shareholders. After making a 52-week low, in