Investors often get excited when their companies announce and/or launch share-buyback programs. That’s because if they’re well-considered and effectively managed, they can add value to the affected stock. Alas, it doesn’t seem like that’s the case with Nokia‘s (NYSE: NOK)…
Finance
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(Bloomberg) — B. Riley Financial Inc., the boutique investment bank under attack from short sellers about its dealings with a former business partner, failed to file its audited results after an extension period ended. Most Read from Bloomberg The company…
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Dow Jones futures were little changed overnight, along with S&P 500 futures and Nasdaq futures. X The stock market rally shrugged off a hotter-than-expected core CPI inflation reading on Tuesday, with Oracle (ORCL) gapping up on earnings and Nvidia (NVDA)…
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One of the secrets to Warren Buffett’s investing success is holding on to stocks for the long term. Though Buffett may have “missed out” on certain stocks that have soared overnight, he’s also avoided the major losses of some of…
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Dow Jones futures were little changed after hours, along with S&P 500 futures and Nasdaq futures. X The stock market rally rebounded Wednesday after Tuesday’s tech-led sell-off, but the major indexes closed well off intraday highs. Fed chief Jerome Powell…
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Finance
Dow Jones Futures: Taiwan Semi, 7 Leaders Offer New Chance; Super Micro Soars On S&P 500 News
Dow Jones futures tilted lower Sunday night, along with S&P 500 futures and Nasdaq futures. X The stock market rally continued to advance, with the Nasdaq composite hitting a record high, joining the S&P 500. Taiwan Semiconductor Manufacturing (TSM), Monolithic…
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The turmoil surrounding New York Community Bancorp (NYCB) intensified again on Thursday when it disclosed the exit of CEO Thomas Cangemi, weaknesses in its internal controls and a tenfold increase in its fourth-quarter loss to $2.7 billion. The stock of…
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The beaten-down electric vehicle (EV) sector needed a win on the stock market, and on Monday it got one. Thanks to some good news from one of their own, numerous EV companies saw their stock prices rise on the day.…
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Finance
Short-seller Jim Chanos warns Nvidia’s epic growth is cannibalizing Big Tech — as the chip titan’s value surges by $1 trillion in 4 months
Jim Chanos.Reuters Nvidia is growing at the expense of other Big Tech companies, Jim Chanos and Larry McDonald said. Nvidia is raking in profits while its customers are racking up bills, they said. Microsoft and Meta are among the largest…
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(Bloomberg) — Cybersecurity company Palo Alto Networks Inc. tumbled in late trading after cutting its revenue forecast for the year, sparking concerns that customers are reining in tech spending. Most Read from Bloomberg Sales will be $7.95 billion to $8…