Vietnam trader loses $18 billion after EV Maker shares sank
(Bloomberg) — After an astronomical rally on its first trading day, VinFast Auto Ltd. Now to the ground – erasing a large chunk of its billionaire founder’s…
Bitcoin calms down with sudden falls, mass liquidations
(Bloomberg) — A period of unusual calm in cryptocurrency markets abruptly ended this week as the idea of higher interest rates for longer triggered a sell-off in…
Dow Jones slipped 150 points. Bitcoin Drops Elon Musk Sales
The Dow Jones Industrial Average fell 150 points on Friday, as major stock indexes extended losses on Thursday. Meanwhile, Elon Musk-led SpaceX sold its entire stake in…
Dow futures plunge amid China worries as bears take hold; Ultimate AI Stock Nvidia tries to fight back
Dow futures fell early Friday, along with S&P 500 futures and especially Nasdaq futures, as real estate woes in China offset falling Treasury yields. X Applied materials…
China is stepping up efforts to stabilize markets as confidence plummets
(Bloomberg) — Chinese authorities have stepped up efforts in recent days to prop up financial markets, in a sign that Beijing is growing increasingly uncomfortable with the…
Applied Materials, Keysight, Farfetch, Deere, XPeng and more market drivers
font size Applied Materials’ fiscal third-quarter earnings beat analyst expectations. Dream time Stock futures were falling on Friday after Standard & Poor’s 500 Third consecutive losing session….
Shark Tank investor Kevin O’Leary says Michael Perry’s bet on the S&P 500 will hurt, even if he’s ultimately right
Astrid Butars/Getty Images Michael Berry’s bet against the S&P 500 could be painful, Kevin O’Leary warned. It is because the index is diversified and short stocks are…
DataTrek says markets should prepare for a turbulent few weeks as the slow motion rate shock continues
Federal Reserve Governor Jerome Powell delivers remarks during a conference at the Brookings Institution in Washington.Reuters/Carlos Parrea Stocks could be exposed to more Fed-induced turmoil, according to…
Applied Materials gives a strong prediction with low chip hysteresis
(Bloomberg) — Applied Materials Inc., the largest U.S. maker of chip making machinery, offered a bullish forecast for the current quarter, suggesting the industry’s downturn may be…
China Evergrande Group Files Chapter 15 Bankruptcy in New York
(Bloomberg) — China’s Evergrande Group filed for Chapter 15 bankruptcy protection in New York on Thursday, in a move that shields its US assets from creditors while…
Stocks Fall for Third Day in a Row as Yields Continue to Rise: Stock Market News Today
On Thursday, US stocks closed sharply lower for the third consecutive session as the August gloom continued on Wall Street. The leading Dow Jones Industrial Average (^DJI)…
Avoid this very common retirement mistake
Empty nester not saving enough for retirement Saving for retirement It is a lifetime pledge. It involves taking into account your retirement goals as you have kids,…
EXCLUSIVE – Chinese state banks witnessed dollar-to-yuan selling in London and New York for hours
SHANGHAI (Reuters) – Major Chinese state-owned banks have been seen busy selling U.S. dollars to buy yuan on onshore and offshore spot foreign exchange markets this week,…
Cisco gains after the CEO points to advances in artificial intelligence and security
(Bloomberg) — Cisco Systems Inc. Inc., the largest maker of computer networking equipment, is in late trading after the company outlined advances in artificial intelligence and security…
Bonds are issuing a warning about mounting US debt, said veterinarian Ed Yardini, and markets will be affected if Treasury yields rise much more.
A trader interacts while working on the floor of the New York Stock Exchange (NYSE) in New York, US, March 18, 2020.Lucas Jackson/Reuters Ed Yardini said the…
Nvidia’s earnings will be the biggest test of the AI hype cycle
This article first appeared in Yahoo Finance Tech, a weekly newsletter highlighting our original content on the industry. Get it straight to your inbox every Wednesday. Participate….
Target earnings exceed expectations. The arrow goes up.
font size Target lowered its full-year earnings guidance, citing recent sales trends. Justin Sullivan/Getty Images Goal It beat analyst expectations for second-quarter earnings, sending shares higher on…
Coherent, Cava, Tower Semi, DLocal, VinFast, and More Stock Market Movers
font size Stock futures rose modestly on Wednesday. Dream time Stock futures pointed to a slight uptick at the start of Wall Street on Wednesday after stocks…
Intel cancels $5.4 billion tower deal without Chinese approval
(Bloomberg) — Intel is expected to cancel its planned $5.4 billion acquisition of Tower Semiconductor Ltd. With time running out to win regulatory approval, according to people…
China’s shadow bank has missed dozens of payments as risks mount
(Bloomberg) — Zhongrong International Trust has missed payments on dozens of products and has no immediate plan to get customers full, suggesting that problems at China’s beleaguered…
Nvidia’s upcoming earnings could send the entire stock market higher as the AI frenzy continues on Wall Street
Nvidia CEO Jensen Huang.Kim Kulish/Corbis/Getty Images Nvidia reports earnings next week, and the chip maker’s results alone could swing the stock market. This is according to Gene…
VinFast’s $65 Billion Valuation De-SPAC Overtakes Ford and General Motors
(Bloomberg) — VinFast Auto Ltd. has soared in its public start, outperforming its market value beyond General Motors Corp. and Ford Motor Co., as traders flipped shares…
Warren Buffett bought 3 new shares – all of which the ITB ETF owns
Warren Buffett He is widely recognized as the greatest investor of all time, so when he buys new stocks, investors tend to pay attention. According to the…
SoFi crashes price target as investors show ‘more continued interest’
font size Last month, SoFi reported strong deposit numbers for the second quarter and beefed up its financial guidance. Justin Sullivan/Getty Images Investors are constantly becoming more…