peshkov/Getty Images A high concentration of warning signals suggest a major market correction ahead, John Hussman said. “There’s nothing magical about these syndromes, but when dozens of them kick in at the same time, we do pay attention.” Despite his warning, Wall Street remains bullish, expecting the index to stay above 5,000 this year. A […]
Editor’s Note: Sign up for CNN’s Meanwhile in China newsletter which explores what you need to know about the country’s rise and how it impacts the world. Prices of new homes in China suffered their biggest fall in nearly a decade last month, in a sign that Beijing’s “historic” real estate rescue has not yet […]
Sign up for CNN’s Wonder Theory science newsletter. Explore the universe with news on fascinating discoveries, scientific advancements and more. Albert Einstein was right: There is an area at the edge of black holes where matter can no longer stay in orbit and instead falls in, as predicted by his theory of gravity. Using telescopes capable […]
ExxonMobil (NYSE: XOM) recently reported rather lackluster first-quarter earnings. The oil giant’s adjusted earnings declined by 29% to $8.2 billion, or $2.06 per share. That fell a bit short of the analysts’ consensus estimate of $2.19 per share. The energy giant battled headwinds from lower natural gas prices and refining margins. However, while the first […]
By Hernan Nessi BUENOS AIRES (Reuters) – Argentina’s economic activity likely plunged 5.9% year-on-year in February, a Reuters poll of market analysts showed on Monday, which would make a fourth straight monthly slide amid tough austerity measures under new libertarian President Javier Milei. The expected slide underscores the impact of Milei’s cost-cutting on the real […]
The Dow Jones index rose on the stock market today after Goldman Sachs (GS) beat views and retail sales data was strong. Tesla (TSLA) fell after CEO Elon Musk said massive job cuts were essential for the firm. Apple (AAPL) fell, while Nvidia (NVDA) climbed after bullish Wall Street calls. X Meanwhile, a trio of […]
Tesla (TSLA) has had a terrible start to 2024, losing more than a third of its value. But Tesla stock hasn’t become significantly cheaper, by a key metric. X Often when a stock sells off hard, investors and Wall Street analysts will tout it as a buy, citing much-cheaper valuations. Tesla stock is down 30.5% […]
Shares of Viking Therapeutics (NASDAQ: VKTX) were plunging 17.4% lower as of 11:52 a.m. ET on Thursday. This decline wasn’t caused by an announcement by Viking. Instead, the sell-off appears to be related to Novo Nordisk (NYSE: NVO) reporting results from a phase 1 study evaluating its experimental oral obesity drug amycretin. Why was Novo […]
Elon Musk.Britta Pedersen-Pool/Getty Images Tesla stock has plunged this year because Elon Musk has too many unfinished projects, Ross Gerber said. The Tesla investor said the firm was now being valued by investors primarily as a car company. Gerber has criticized Musk for his leadership of Tesla over the last year. Tesla stock is in […]
Five people were killed in China on Thursday after a barge struck a bridge near the southern city of Guangzhou, causing the roadway to collapse and sending vehicles plunging into the water. Three small trucks, a minibus and a scooter fell off the Lixinsha Bridge around 5:30 a.m. after one side of the ship hit […]
Warehouse automation specialist Symbotic (NASDAQ: SYM) reported quarterly results that beat or matched Wall Street expectations, but investors wanted more. Shares of Symbotic traded down more than 20% as of 10:30 a.m. ET as the market ponders whether the stock has gotten ahead of results. A good quarter, but was it good enough? Symbotic shares […]
Editor’s Note: Sign up for CNN’s Meanwhile in China newsletter, which explores what you need to know about the country’s rise and how it impacts the world. Tens of thousands of people in China are flocking to the social media account of the US Embassy in Beijing to vent their anger and frustration with the […]