A coalition government is likely in South Africa for the first time in the country’s history following parliamentary elections. With 80% of ballots counted, the ruling African National Congress (ANC) party had 41.37% of the total vote on Friday evening, according to the National Electoral Commission (IEC). The preliminary results indicate huge losses for the […]
A coalition government is emerging in South Africa for the first time in the country’s history following parliamentary elections. With just under 52% of the votes counted, the ruling African National Congress (ANC) party had 41.93% of the total on Friday morning, according to the National Electoral Commission (IEC). The preliminary result means a large-scale […]
Salesforce stock fell more than 20% on Thursday after it reported weak earnings and tepid guidance.Plexi Images/Glasshouse Images/UCG/Universal Images Group via Getty Images Stocks tumbled on Thursday, deepening losses racked up earlier in the week. The personal consumption expenditures price index will be published on Friday morning. Shares of Salesforce dragged the Dow lower after […]
Photo by Marco Bello/Getty Images Ark Invest’s flagship ETF is sitting on massive losses, with individual holdings down as much as 93%. The fund has significantly underperformed the broader stock market, and only one of its top 10 holdings is in the green. These are the 10 biggest losing stocks held by the ARK Innovation […]
(Bloomberg) — For the first time since the financial crisis, investors in top-rated bonds backed by commercial real estate debt are getting hit with losses. Most Read from Bloomberg Buyers of the AAA portion of a $308 million note backed by the mortgage on the 1740 Broadway building in midtown Manhattan got less than three-quarters […]
Stock futures kept climbing Thursday, following jobless claims data and a day after the Dow Jones Industrial Average and other major indexes set new records. Among the early winners was retail giant Walmart (WMT), which rallied on the stock market today after strong earnings results, while GameStop (GME) extended Wednesday’s losses. X In premarket action, […]
There are multiple components to Intel‘s (NASDAQ: INTC) turnaround story, but at the center is the company’s aggressive and costly push to rival Taiwan Semiconductor Manufacturing in the semiconductor foundry market. Intel gave up its once-untouchable manufacturing edge through chronic delays and missteps, enabling TSMC to pull ahead and TSMC customers like AMD to sell chips […]
Holger Schwannecke, Secretary General of the Central Association of German Crafts (ZHD), stands at a press event in the House of Crafts. Jens Kalaene/dpa-Zentralbild/ZB Germany’s skilled trades sector is facing a decline in turnover and the loss of up to 80,000 jobs, the country’s skilled crafts association (ZDH), which represents about 5.7 million workers, said […]
Alibaba Stock Dips as Huge Investment Losses In Q4 Overshadow Revenue Growth and Dividend Alibaba Group Holding Limited (NYSE:BABA) stock is trading lower Tuesday after the company reported its quarterly results. The Jack Ma co-founded e-commerce giant reported fiscal fourth-quarter 2023 revenue growth of 7% year-on-year to $30.73 billion, beating the analyst consensus estimate of $30.40 billion. Adjusted […]
Ford CEO Jim Farley and company executive chair Bill Ford fielded questions from shareholders on Thursday about the viability of electric vehicles and concerns about the billions of dollars in losses being reported quarter after quarter. Most recently, Ford’s first-quarter earnings report in April included news of $1.3 billion in losses within its Model e […]
I bought Zillow (NASDAQ: ZG)(NASDAQ: Z) about three years ago, and since that time the stock is down by more than 60%. Even at the cheaper valuation, I’m inclined to believe that major changes in the real estate market give the stock more downside risk than upside potential. In this video, I discuss the reasons […]
Exact Sciences (EXAS) stock tumbled late Wednesday after the Cologuard maker reported wide March-quarter losses, though sales came in ahead of expectations. X Cologuard is a means of screening for colon cancer using stool collection at home. Exact Sciences says it’s an easier and speedier option than colonoscopies, given the backlog in the U.S. health […]