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The S&P 500 sank 5% in a very bad week for stocks. These 20 lost as much as 24%.

The S&P 500 sank 5% in a very bad week for stocks. These 20 lost as much as 24%.

U.S. stocks sputtered Friday to close out the week in the red. The day’s declines of less than 1% for the broad indexes paled against Tuesday’s, when they sank 4% to 5%. For the week, the Dow Jones Industrial Average DJIA, -0.45% was down 1,329 points (or 4.1%), closing Friday at 30,822. The benchmark S&P …

The S&P 500 sank 5% in a very bad week for stocks. These 20 lost as much as 24%. Read More »

These 20 stocks have short interest of 19% or more, and AMC and GameStop are not even in the top half

These 20 stocks have short interest of 19% or more, and AMC and GameStop are not even in the top half

Short selling is a trading technique that gets especially popular during bear markets in stocks. Short selling — or betting on a decline in prices — can come to the fore if investors suspect a company is entering a difficult period, during a period of stress on financial markets, or when a group of traders …

These 20 stocks have short interest of 19% or more, and AMC and GameStop are not even in the top half Read More »

Meta is one of today's worst S&P 500 performers, but these 5 other stocks have lost $387 billion in value

These five stocks in the S&P 500 lost almost half a trillion dollars in value in one day amid widespread wipeout

A decline in gasoline prices couldn’t mask the problem that spooked investors on Sept. 13: Core consumer prices resumed their rapid increase during August. Fear of the Federal Reserve’s ongoing tightening of monetary policy to fight inflation sent the Dow Jones Industrial Average DJIA, -3.94% down 1,276 points (or 3.9%) to 31,104, with all 30 …

These five stocks in the S&P 500 lost almost half a trillion dollars in value in one day amid widespread wipeout Read More »

Robinhood users buy and hold companies ‘they know, understand and believe in for the long-term.’ Here are their favorite stocks.

Robinhood users buy and hold companies ‘they know, understand and believe in for the long-term.’ Here are their favorite stocks.

Tech companies, electric-vehicle makers and some meme stocks are part of the aggregate mix of equities inside the portfolios of Robinhood users, according to a new index from the brokerage app geared at new investors. These are stocks like Amazon AMZN, +2.66%, Microsoft MSFT, +2.30%, Tesla TSLA, +3.60%, Apple AAPL, +1.88%, Ford Motor Company F, …

Robinhood users buy and hold companies ‘they know, understand and believe in for the long-term.’ Here are their favorite stocks. Read More »

'I was not prepared to take on a major distraction': Former Disney CEO shares why he balked at a deal for Twitter

‘I was not prepared to take on a major distraction’: Former Disney CEO shares why he balked at a deal for Twitter

Before agreeing to purchase Twitter Inc. for $44 billion, perhaps Tesla Inc. Chief Executive Elon Musk should have had a few words with someone who had contemplated a similar deal years back. Bob Iger and his fellow Walt Disney Co. DIS, -0.32% executives considered acquiring Twitter TWTR, +1.58% back in 2016, and the former chief …

‘I was not prepared to take on a major distraction’: Former Disney CEO shares why he balked at a deal for Twitter Read More »

Okta stock plunges as CEO says 'short-term challenges' resulted in workers leaving at a higher rate

Okta stock plunges as CEO says ‘short-term challenges’ resulted in workers leaving at a higher rate

Okta Inc. shares plummeted in extended trading Wednesday after executives revealed the software company faced issues stemming from integration of the $6.5 billion acquisition of Auth0. Okta OKTA, +0.26% executives hiked their annual earnings outlook again Wednesday, but kept their target for full-year revenue the same. Todd McKinnon, chief executive and co-founder of Okta, told …

Okta stock plunges as CEO says ‘short-term challenges’ resulted in workers leaving at a higher rate Read More »

Stocks Drop After Powell's Remarks

Stocks Drop After Powell’s Remarks

Text size Fed Chairman Jerome Powell’s speech has hung over markets all week. Drew Angerer/Getty Images The stock market was falling Friday, as Federal Reserve Chairman Jerome Powell made hawkish remarks about monetary policy at the annual Jackson Hole Symposium, even in the face of declining inflation. The Dow Jones Industrial Average has dropped 658 …

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T-Mobile Has Replaced Verizon Atop the Wireless World. It’s Time to Buy the Stock.

T-Mobile Has Replaced Verizon Atop the Wireless World. It’s Time to Buy the Stock.

It used to be Verizon Communication ’s world, but wireless now belongs to T-Mobile US —and its stock will continue to benefit. Verizon (ticker: VZ) was the undisputed winner of the 4G era, investing heavily in its network infrastructure and wireless spectrum licenses to build the nation’s best service. Subscriber gains and premium pricing were …

T-Mobile Has Replaced Verizon Atop the Wireless World. It’s Time to Buy the Stock. Read More »

Peloton CEO says 'naysayers' are looking at the company's $1.2 billion quarterly loss all wrong

Peloton CEO says ‘naysayers’ are looking at the company’s $1.2 billion quarterly loss all wrong

““The naysayers will look at our Q4 financial performance and see a melting pot of declining revenue, negative gross margin, and deeper operating losses … but what I see is significant progress driving our comeback and Peloton’s long-term resilience.”” That was Peloton’s CEO trying to spin the exercise bike brand’s recent earnings miss in a …

Peloton CEO says ‘naysayers’ are looking at the company’s $1.2 billion quarterly loss all wrong Read More »

'Squashed like a bug': Distressed-bond manager makes a multibillion-dollar options bet against Tesla

‘Squashed like a bug’: Distressed-bond manager makes a multibillion-dollar options bet against Tesla

Scott Burg, the chief investment officer of Deer Park Road Management Co, who made the prediction that Tesla would be “squashed like a bug” in a 2020 tweet, bought put options on almost 4.8 million Tesla shares during the second quarter, according to a regulatory filing this week, Bloomberg and Barron’s reported. The shares covered …

‘Squashed like a bug’: Distressed-bond manager makes a multibillion-dollar options bet against Tesla Read More »