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Big box retailers and department stores take center stage and report earnings next week. The biggest retailers in the world are lined up to issue their results for the first quarter (Q1) of this year. Could the results sway jittery markets? Strong earnings from major companies have not managed to pull stock markets out of
Labor costs are driving up inflation. But will inflation also drive more people back to the workforce? The annual rate of inflation slowed to 8.3% in April from 8.5% the previous month, helped by a fall in gasoline prices, but consumers still face rapidly rising costs. The March reading was the highest since 1981. The
Upstart (NASDAQ:UPST) stock lost over half its value in a single day after cutting its full-year revenue outlook The company is growing revenue and income at a fast clip despite economic headwinds UPST stock is a bargain, but that doesn’t mean shares will move higher Source: Postmodern Studio / Shutterstock.com I bought the dip in
Twitter Inc.’s chief executive said more changes were in store for the social-media company a day after he announced a hiring freeze and spending cuts to employees. Parag Agrawal, who described himself as a “‘lame-duck” CEO amid a $44 billion takeover bid by Elon Musk, said in a tweet thread Friday: “Regardless of the company’s
Like other semiconductor stocks, Nvidia (NVDA) has been hit hard in 2022 NVDA stock still trades for 16 times annual revenue and 44 times earnings When the current panic ends, investors should pounce Source: Michael Vi / Shutterstock.com Nvidia (NASDAQ:NVDA) stock is beginning to look like a bargain again. At its May 12 closing price
U.S. stock futures were pointing to a higher start for Wall Street at the end of a volatile week, after Federal Reserve Chairman Jerome Powell cooled speculation over the potential for 75-basis point rate hikes. How are stock-index futures trading? S&P 500 futures ES00, +1.17% rose 1.1% to 3,971 Dow Jones Industrial Average futures YM00,
Roblox Corporation (NYSE:RBLX) is on the run again. After plummeting from a high of $141.60 to a low of $21.65, the gaming stock appears to have bottomed out. It’s also starting to pivot higher from oversold relative strength, moving average convergence divergence, and Williams %R. Even better, the stock is shrugging off its latest earnings
The critical takeaway from the recent annual meeting of Berkshire Hathaway BRK.A, -1.36% BRK.B, -1.12% has been the least reported: the shareholder base has changed radically and the only way to assure that Berkshire endures beyond Warren Buffett is for his controlling stake be preserved after he leaves the scene. Buffett spent his life cultivating a high-quality
Despite its big drop in price, you may still think Upstart Holdings (UPST) is a steal at today’s prices. However, there’s a caveat; this fintech firm’s AI-based underwriting model could fare badly in an economic downturn. Even if you think the market has overreacted to recent earnings, you may want to still take your time.
TOKYO—Japanese technology investor SoftBank Group Corp. on Thursday reported the biggest annual loss in its four-decade history because of the global selloff in technology shares. SoftBank 9984, -8.03%, known for its $100 billion Vision Fund, reported a net loss of ¥1.71 trillion, equivalent to $13.2 billion, for the year that ended March 31. That was
Electric Vehicle juggernaut Tesla (NASDAQ:TSLA) stock will be increasing its output in its Shanghai facility to restore production to levels before new cases of the coronavirus lock down the city. An internal memo revealed that Tesla would be ramping up production to 2,600 cars a day in its Shanghai plant by mid-May. It plans to
A bill that would preserve access to abortion across the U.S. failed in the Senate on Wednesday, as a lone Democrat joined with all Republicans in blocking the legislation. Democrats were attempting to codify the landmark Roe v. Wade decision that legalized abortion nationwide, as a draft Supreme Court opinion suggests the court is poised
Biotech stocks have been through an extended lean patch, making them ideal candidates for a strong rebound. Verrica (VRCA): Approval of its viral skin disease treatment could transform the company into a commercial-stage biopharma. Amicus (FOLD): Pompe disease treatment approval opens up huge market opportunity for the biopharma. Athersys (ATHX): Potential approval for Japanese licensee
The so-called algorithmic stablecoin TerraUSD fell as low as 30 cents on the dollar on Wednesday, demonstrating in real-time the difficulties the cryptocurrency community will have in providing an alternative to the traditional financial system. TerraUSD is a coin backed by another crypto, called Luna. The way it’s supposed to work is that when TerraUSD,
FuboTV (NYSE:FUBO) reported its first quarter of 2022 earnings on May 5 after the markets closed, and FUBO stock is down 18.6% since. While the sports-focused video streaming platform reported 102% revenue growth over last year, the 101% increase in its GAAP losses has spooked some but not all investors. In fact, Wedbush analyst Michael
The list of reasons why the financial market’s wild swings can keep going and even worsen is growing by the day — starting with the fact that investors aren’t yet pricing in worst-case scenarios for inflation and the U.S. economy. Though Wednesday’s consumer-price index report for April should offer more clues, the data won’t entirely
Novavax’s Covid-19 vaccine still isn’t approved for use in the U.S. With the pandemic in full retreat and the majority of people now fully vaccinated, demand for Novavax’s vaccine is likely to be weak. Rival pharmaceutical companies Pfizer and Moderna have beat Novavax to market with multiple Covid-19 treatments. Source: rarrarorro / Shutterstock.com Any hope
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SoFi Technologies (NASDAQ:SOFI) reports its first quarter 2022 earnings on Tuesday after the markets close. If you own SOFI stock, I don’t think you need to worry about any negative surprises. The big elephant in the room — the federal student loan moratorium extended through August — and its effect on its business here in