Japan’s moon lander nailed its tricky, “pinpoint” touchdown on the lunar surface, officials from the country’s space agency announced Thursday, but a newly released image revealed that the spacecraft became overturned in the process. The Japan Aerospace Exploration Agency, known as JAXA, confirmed that the mission achieved its goal of a precision landing within 100 […]
(Reuters) – Shares of Archer-Daniels-Midland tumbled 12% in premarket trading on Monday after the company placed its CFO Vikram Luthar on administrative leave for an investigation and cut its full-year profit forecast. The global grains merchant said Luthar was stepping aside pending an investigation regarding certain accounting practices and procedures related to its Nutrition reporting […]
Alibaba Group Holding Limited (NYSE:BABA) and other Hong Kong stocks plummeted to a 14-month low Tuesday following a report on China’s economic growth falling short of expectations and declining home prices. The Hang Seng Index dropped 2.8% to its lowest point since November 2022, marking the steepest one-day decline in six months. The broader indexes IShares China Large-Cap ETF (NYSE:FXI) […]
The first two weeks of 2024 have not been kind to Tesla (NASDAQ: TSLA). The electric vehicle (EV) stock is already trading down 12% year to date after a solid rebound in 2023. Zoom out, however, and Tesla is surprisingly down over 22% over the last three years and 46.6% from its all-time high. Here’s […]
UnitedHealth Group turned in a better-than-expected fourth quarter even as medical costs soared 16% for the health care giant. Shares of UnitedHealth and other major health care and insurance providers slipped in early trading Friday after the company announced results. UnitedHealth is the first to report earnings every quarter, and many analysts see it as […]
(Reuters) -A U.S. judge ruled in favor of Israel’s Teva Pharmaceutical Industries in a patent infringement lawsuit brought by Corcept Therapeutics, sparking a frenzied sell-off in shares of the California-based drug developer. Corcept’s shares fell nearly 38% in trading after the bell. The lawsuit was tied to Korlym, Corcept’s drug to treat Cushing’s syndrome, which […]
No one can predict what the stock market, or any individual stock, will do in 2024. The stock market surged in 2023, which was probably not on many investors’ bingo cards in January. But one thing investors can do is avoid investments where the odds are stacked against them. Paying too high a price for […]
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Key Takeaways BlackBerry’s current quarter guidance was less than expected as the strikes against the Big Three automakers affected its business. The company said the walkouts harmed some of its biggest customers and that the impact will likely carry over. In the fiscal third quarter, BlackBerry posted a surprise profit and strong sales, boosted by […]
Jeremy Siegel.Getty Images Jeremy Siegel sees stocks and home prices rising, interest rates dropping, and no recession in 2024. The “Wizard of Wharton” expects value and small stocks to outpace the “Magnificent Seven” next year. Siegel predicts the Fed will cut rates by five or six times to below 4% in 2024. Stocks and house […]