Category: United States

Top hedge funds have started cutting their exposure to the Magnificent Seven tech giants, despite having generated gains due to the bumper returns provided by the popular mega-cap tech companies in 2024 so far, new analysis from Goldman Sachs shows.  Hedge funds continued to be heavily invested in the Magnificent Seven – Alphabet GOOG, +0.31%, […]

Japan’s exports increased in January thanks to higher demand for cars and semiconductor-manufacturing equipment, data from the Ministry of Finance showed Wednesday. Exports rose 11.9% from a year earlier in January, compared with a 9.7% increase in December. The result was higher than a 9.4% rise expected by economists polled by data provider FactSet. Exports […]

Beyond BYON, +4.98%, the owner of Bed Bath & Beyond and Overstock, said revenue fell in the latest quarter and that it is reviewing its portfolio to meet its full-year financial goals. The location-based online retailer posted fourth-quarter loss of $ 161 million, or $ 3.55 a share, compared with a loss of $ 15.5 […]

Shares of Teladoc Health Inc. sank after hours Tuesday after the telehealth provider, known for its BetterHelp therapy platform, offered a largely downbeat forecast for the months ahead and warned that the market for virtual-healthcare services is getting saturated. In its earnings report Tuesday, the company TDOC, -2.57% said it expects first-quarter sales of $ […]

La-Z-Boy Inc.’s stock slumped 12% in after-hours trading Tuesday after the company posted quarterly results that fell short of analysts’ revenue and earnings estimates. The furniture maker LZB, -0.74% reported fiscal third-quarter net income of $ 28.7 million, or 67 cents a share, compared with net income of $ 31.7 million, or 74 cents a […]

Even though women represent half the population, the natural transition of menopause has been a taboo subject for generations. In the past, scurvy, epilepsy, schizophrenia, madness, hysteria were all blamed on menopause. As recently as the 1960s, menopausal women were called “crippled castrates.” Lisa Mosconi, a neuroscientist and women’s health advocate, aims to change that. […]

Truist Financial Corp.’s plan to sell its remaining stake in Truist Insurance Holdings at a valuation of $ 15.5 billion marks a better-than-expected price for the business, an analyst said Tuesday. Keith Horowitz of Citigroup reiterated a buy rating on Truist and said the sale of Truist Insurance Holdings (TIH) is not a surprise, but […]

The Commerce Department continues to dole out money as part of the Chips Act, and Intel Corp. shares are rising premarket Tuesday as some investors appear hopeful the company will soon rake in serious funds. Intel INTC, -1.23% could receive upwards of $ 10 billion in subsidies consisting of both loans and direct grants, Bloomberg […]

Barclays on Tuesday outlined plans to restructure its business with a view to cutting its costs by £2 billion over the next two years and boosting its returns to shareholders, with a view to paying out £10 billion in share buybacks and dividends between now and 2026.  In a bid to lift its sliding share […]

Capital One Financial Corp. intends to purchase Discover Financial Services in an all-stock deal that one analyst notes would “effectively create the largest card issuer in the U.S.” Capital One COF, +0.64% announced the deal late Monday after various outlets reported that a transaction was near. Discover DFS, -0.21% shareholders would receive 1.0192 Capital One […]

As Nvidia prepares to publish its much-anticipated full-year results this Wednesday, analysts at JPMorgan say VAT Group, ASML Holding, and ASM International all offer the strongest prospects for investors seeking to cash in on an upturn in the market for microchips.  JPMorgan analysts led by Sandeep Deshpande explained that while the slump in the microchip […]

A previous version of this article incorrectly listed Netflix as one of the Magnificent Seven stocks instead of Amazon. Just days ahead of potentially pivotal results from Nvidia Corp., Goldman Sachs has lifted its year-end S&P 500 target to 5,200, but with much of that hinging on Big Tech’s ability to keep delivering strong profits. […]

Former president and 2024 Republican contender Donald Trump may potentially be in the hole for $ 355 million after losing his latest court case. But his newly announced line of Trump-branded sneakers is proving to be a financial hit, at least in the short term. Now, the question remains if the shoe will be a […]

When shopping for a financial planner, it’s natural to ask, “How much do you charge?” If you expect a simple, one-sentence answer, think again. There are many ways that advisers get paid and it can get complicated. Their fee structure reflects the type of practice they want to run and the business model that reinforces […]

“The sudden death of Alexei Navalny has made me more and more aware of what is happening in our Country. It is a slow, steady progression, with CROOKED, Radical Left Politicians, Prosecutors, and Judges leading us down a path to destruction. Open Borders, Rigged Elections, and Grossly Unfair Courtroom Decisions are DESTROYING AMERICA. WE ARE […]

Not only is retirement readiness different for each individual, not many of us are even able to describe what that actually looks like. Successful retirement planning requires a multi-layered exploration of our wants, needs, financial anxieties and risk tolerance, along with sensitivity to what we really mean in addition to what we actually say. There’s […]

Gold miner Polymetal International on Monday said it had struck a deal to sell the entirety of its Russian mining business for $ 3.69 billion, with a view to fully exiting the Russian Federation due to the combined threats of Western sanctions and nationalization by Putin’s government.     If approved by shareholders, Polymetal will sell the […]

It’s time to say hail to the chief. Presidents Day honors those who have held the office of U.S. president, although it originally marked the birthday of our first president, George Washington (and is still designated as Washington’s Birthday on the federal calendar). It’s always observed on the third Monday in February, which this year falls on […]

Shares of Nintendo Co. slumped in Tokyo trading Monday after Bloomberg News reported the company will delay its next-generation videogame console until 2025. Bloomberg reported that Nintendo 7974, -5.50% told some of its game-publishing partners that the successor to the Switch console will not be released until March 2025, at the earliest. It had been […]

Wall Street is growing increasingly uneasy about an options-driven momentum trade that has helped push the S&P 500 index into record territory. As demand for bullish call options surges to its highest level in years, some analysts have set their sights squarely on Nvidia Corp.’s NVDA, -0.06% Wednesday earnings report, warning that it could be […]