Shares of San Francisco-based genetic testing and data company Invitae Corporation (NVTA) exploded higher after reporting earnings Tuesday night. After 6.5 trading hours on Wednesday, Invitae stock had nearly tripled in value before traders began cashing in some gains. In fact, on Thursday the stock has returned over half of […]
Finance
Second quarter earnings have been solid. Energy gets all the credit.
This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Friday, August 12, 2022 Today’s newsletter is by Myles Udland, senior markets editor at Yahoo Finance. Follow him on Twitter @MylesUdland and on LinkedIn. […]
Kevin O’Leary says these are the best assets to own as inflation stays white hot
Kevin O’Leary says these are the best assets to own as inflation stays white hot Inflation remains hot. In July, U.S. consumer prices spiked 8.5% from a year earlier — down from 9.1% in June but still near a multi-decade high. The Fed has already raised interest rates multiple times […]
A new report from Bank of America perfectly captures the current market
Last week, Yahoo Finance noted companies could “feel the economy weakening” despite economic data that suggested otherwise. This week, investors indicated much of the same. Bank of America Global Research’s Michael Hartnett publishes a closely-tracked weekly report on client fund flows for the firm, which offers a real-time indication on […]
What’s in climate, health, tax package Congress just passed
With a vote of 220 to 207, the U.S. House of Representatives passed the Inflation Reduction Act on Friday. The vote marks the last step before President Biden’s desk for a bill that will devote hundreds of billions of dollars over the coming decade towards the fight against climate change, […]
Stocks notch longest winning streak since late 2021
U.S. stocks soared Friday as a rally fueled by lighter-than-expected inflation data this week helped equity markets log their longest winning streak since November 2021. Tech stocks again led gains, with the Nasdaq up 2.1% and closing above 13,000 for the first time since April 25. The S&P 500 jumped […]
Long-time bull Cathie Wood is warning investors about the ‘big problem’ in today’s economy. Here are 3 stocks she likes now
Real GDP in the U.S. declined at an annual rate of 0.9% in Q2 – and that’s after a 1.6% drop in Q1. While politicians refuse to use the “R” word, plenty of experts – including Ark Invest’s Cathie Wood – are calling for a recession. In fact, she made […]
10 reasons to be bullish on stocks right now, according to JP Morgan
Inflation remains frustratingly elevated. Recession talk still dominates Wall Street despite a surprisingly strong July jobs report. And second quarter earnings season has been anything but great. But all that’s not stopping top JP Morgan strategist Mislav Matejka from being bullish on stocks. “We believe that risk reward for equities […]
Novavax Reports Second Quarter 2022 Financial Results and Operational Highlights
Received FDA EUA and CDC recommendation for NVX-CoV2373, marking the first protein-based COVID-19 vaccine authorized in the U.S. for adults; with immunizations underway Nuvaxovid™ and Covovax™ authorized for adults in 43 countries, with booster authorizations in Japan, Australia and New Zealand as well as, adolescent authorizations in the EU, Australia, […]
Bed Bath & Beyond, GameStop, AMC all surge as meme stock mania makes a comeback
Meme stocks are having a moment. Again. Shares of Bed, Bath & Beyond (BBBY), GameStop (GME), and AMC (AMC) all surged on no news to start the week, with renewed attention on these names from the traders on Reddit’s Wallstreetbets message board investors came to know in early 2021 the […]
Stocks cap session muted amid busy week of inflation data
U.S. stocks closed near flat on Monday after giving up earlier gains as investors approached the final stretch of earnings season and braced for a busy week of inflation data. The S&P 500 teetered into negative territory, capping the session down 0.1% after the benchmark index logged three straight weeks […]
How To Work Your Way Up, According to Experts
Spotmatik Ltd / Shutterstock.com Whether you’re living to work, drowning in debt, struggling to save, overspending, or existing from paycheck to paycheck, you’re all too familiar with the invisible chains of financial stress. The answer, of course, is financial freedom, but with so many bills and so little money left […]
Holding quality stocks in tough times ‘key to growing wealth,’ strategist explains
One market strategist issued a reminder to investors amid the volatile backdrop for markets: Owning stock in quality companies is something that will pay dividends over time — even despite short-term pain. “I do like to remind people that buying good companies and holding them through difficult periods is kind […]
10 finance firms effectively own half of all future carbon emissions
An analysis of the 200 largest fossil fuel companies suggests that just 10 shareholders could influence the fate of nearly half of the world’s remaining fossil fuels Environment 6 August 2022 By James Dinneen The Marathon Petroleum Corp’s Los Angeles Refinery in Carson, California Robyn Beck/AFP via Getty Images Just […]
3 Reasons Why Net Profit Ratio Is Important To Evaluate A Company’s Financial Health
After all expenditures have been removed from sales, the net profit ratio formula is the proportion of revenue remaining. The calculation displays how much profit a company can make from its total sales. The net profit margin is meant to be a measure of a company’s overall success. A high […]
Top 5 benefits of registering e-mandate for recurring payments
Running around for your EMI payments? Relying on reminders to help you with due dates? Missed a payment and had to pay penalty charges? All of the aforementioned problems are a thing of the past in this digital world. E-Mandate is a digital payment service that is a completely digitalized […]
5 Best Liquid Mutual Funds To Watch Out In 2022 In India
Liquid mutual funds meaning is debt funds that engage in short-term investment products such as bank fixed deposits, commercial papers, treasury bills, and other short-term debt securities. Liquid mutual funds meaning are the funds in which NAV (Net Asset Value) is computed for 365 days, whereas another debt mutual funds’ […]
Gold Investing Advantages and Disadvantages
Gold is continually entering the limelight and getting away depending on outside factors. The thing works for both physical and digital assets. However, if you wish to invest in gold coins or accounts, you should understand a few things beforehand. As soon as you check here, you will […]
What Are Online Consumer Loans or Forbrukslån?
Having an online lender doesn’t mean that they only operate on the internet but they can also be a department that has that option for their clients. Usually, they are the unsecured type which means that you won’t be able to have collateral that will support it. Compared to others, […]
Why Credit Union Auto Loan is One of the Best Way to Purchase a Car?
Getting car loans can be pretty stressful and very confusing. So how do loans from credit unions work? We will take a closer look at how these things work. When it comes to buying a vehicle and getting loans, people usually tend to think of borrowing from banking institutions first. […]