On Monday, SEC filings revealed that three executives had bought an enormous amount of iHeartMedia (NASDAQ:IHRT) stock. Together, the firm’s CEO, CFO and chief accounting officer snapped up over 190,000 shares worth $1.05 million. It’s a fascinating turn of events. iHeartMedia’s stock is down almost 75% since 2022, and shares trade as a stub on
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Federal Reserve Chairman Jerome Powell set the stage for further rounds of interest-rate increases on March 7, sending bond yields higher and stock prices lower. Below are lists of the day’s biggest losers among the broad U.S. stock indexes. Bank stocks were hit particularly hard, as investors considered the Fed’s efforts to slow the economy
In early February, it seemed as if Mullen Automotive (NASDAQ:MULN), after a rough 2022, was about to turn a corner. However, in recent weeks, investors have grown more bearish about MULN stock. Shares in the electric vehicle maker have fallen by about 50% over the past few weeks. While Mullen has yet to re-test its
Bond yields fell on Tuesday ahead of Federal Reserve Chairman Jay Powell delivering testimony before Congress. What’s happening The yield on the 2-year Treasury TMUBMUSD02Y, 4.871% fell by 3.8 basis points to 4.863%. Yields move in the opposite direction to prices. The yield on the 10-year Treasury TMUBMUSD10Y, 3.940% retreated 2.9 basis points to 3.935%.
Over the past couple of months, ChatGPT has established itself as a universal consultant. The questions people typically ask range from how to choose a good washing machine and where to dine in Paris to how to find a soulmate. I tried to figure out if ChatGPT could also be an investment advisor and help
WW International Inc., the company that oversees the weight-loss program Weight Watchers, on Monday forecast weaker first-quarter sales and said sign-ups were down so far this year. WW WW, -8.94% issued the forecasts shortly after the Wall Street Journal reported that the weight-loss plan provider would buy telehealth platform Sequence for $106 million. The Journal
Amazon (NASDAQ:AMZN) stock is likely to move higher this year, and not only because the company is an e-commerce giant. For one thing, Amazon recently acquired a business that offers a range of healthcare services. Also, Amazon is engaged in a collaboration that will help developers conduct work related to artificial intelligence (AI) on the
U.S. stock futures were steady early Monday, holding their latest rally ahead of testimony from Federal Reserve Chair Jerome Powell and crucial jobs data later in the week. How are stock-index futures trading S&P 500 futures ES00, +0.01% dipped 1 point, or less than 0.1%, to 4049 Dow Jones Industrial Average futures YM00, -0.03% fell
In last Sunday’s InvestorPlace Digest, I noted how InvestorPlace.com readers were shifting their focus away from growth stocks. SoundHound AI (NASDAQ:SOUN) down 25%… Xometry (NASDAQ:XMTR) down 43%… Silvergate Capital (NYSE:SI) down 60%… Investors have seen this story before, most recently in 2022. And they’re not sticking around to get burned again. In its place, we’ve
““They are taking data from Americans, not keeping it safe, but what worries me more with TikTok is that this can be a propaganda tool.” ” Those were the words of Senate Intelligence Committee Chairman Mark Warner, D-Va., on Sunday, telling Fox News he will introduce a bill allowing the government to “ban or prohibit” certain foreign
Microsoft (NASDAQ:MSFT) is generating heat in the financial markets because of its investment in conversational/generative artificial intelligence (AI). As Microsoft threatens Alphabet’s (NASDAQ:GOOG, NASDAQ:GOOGL) search-engine dominance, MSFT stock will likely head higher throughout the year. In the 2020s, Microsoft can’t count on its Windows operating system to keep the company relevant. Machine learning is all the
““Ya’ll know what happened to me, getting slapped by Suge Smith … People are like, ‘Did it hurt?’ It still hurts! I got ‘Summertime’ ringing in my ears.” ” That was Chris Rock addressing The Slap. It’s been almost a year since the Oscar slap that shocked the world, and Rock came back swinging at
Given Tesla’s (NASDAQ:TSLA) tendency to trade on not just fundamentals, but hype as well, going bearish on TSLA stock is a risky move. You may think that the electric vehicle maker’s shares are on the cusp of capitulation, only for the investing public to send shares significantly higher on moderately promising news. That’s exactly what
Dear Quentin, I have a moral dilemma that I hope you can help me with. A contractor was recommended to me by a dear friend. He built a set of bookshelves for her living room, and she said he was very professional, didn’t leave an ounce of dust behind, and did a very thorough job.
Everybody and their uncle assumes that Google and YouTube parent company Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL) will lose to Microsoft (NASDAQ:MSFT) in the artificial intelligence (AI) arms race. However, assumptions are often proven wrong in the financial markets. Just maybe, GOOG stock can stage a powerful comeback and investors will regret it if they just cut and
Dear Quentin, I’ve been with my wife for 15 years. We’re in our 40s, have two children and are very happy. We both have good jobs and make about $400,000 a year combined. My wife’s grandfather made a decent-sized fortune for himself and left his kids a thriving business and sizable trust funds. The trusts
From drawing Lamborghinis and Ferraris as a kid to founding a $200 million-plus electric vehicle (EV) company, Bollinger Motors founder and CEO Robert Bollinger has put his life’s work into developing electric trucks. After receiving a degree in industrial and product design from Carnegie Mellon, Mr. Bollinger dedicated most of his professional career to John
The U.S. housing market has been flashing signs of revving back up this year after its stratospheric climb during the pandemic — this despite the Federal Reserve’s efforts to cool demand and force inflation lower with sharply higher interest rates. The Dallas Federal Reserve Bank, a go-to source for mortgage and housing data, added to
Source: PopTika / Shutterstock.com The stock market is still struggling as the 10-year Treasury yield and the U.S. dollar continue higher. In the midst of it all, earnings keep rolling in as well, making a few hot stocks for tomorrow. The SPDR S&P 500 ETF Trust (NYSEARCA:SPY) is down modestly in midday trading on Thursday.
Hello! Welcome back to Distributed Ledger. This is Frances Yue, crypto reporter at MarketWatch. Silvergate Capital Corp. shares SI, -57.72% closed down over 57% Thursday, after the crypto-friendly bank said in a regulatory filing Wednesday that it would not be filing its audited 2022 annual report on time and it is evaluating a series of events’ impact
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