Premarket trading Friday had all three major U.S. indexes trading in the green. Six of the 11 S&P sectors closed higher on Thursday, led by communications services (up 1.1%). The tech sector, which closed down 1%, was the day’s biggest loser. After markets closed Thursday, Affirm posted a smaller-than-expected per-share loss and also beat the consensus revenue estimate. User numbers […]

Crypto expert on whether the big dip presents a buying opportunity Bitwise Asset Management CIO Matt Hougan weighs in as bitcoin plunged, then bounced back on Thursday.  Bitwise Asset Management CIO Matt Hougan argued on Thursday that markets are experiencing a macro-driven risk repricing of all risk assets, including bitcoin, which introduces "significant volatility" in the short term. Bitwise Asset […]

FOX Business Flash top headlines for May 12 Check out what’s clicking on FoxBusiness.com. Lordstown Motors has closed a deal to sell its 6.2 million-square-foot Ohio factory to Foxconn for $230 million plus the reimbursement of approximately $27 million in operating and expansion costs.  Ticker Security Last Change Change % RIDE LORDSTOWN MOTORS 2.23 +0.72 +48.01% The deal gives Lordstown […]

Hong Kong (CNN Business)SoftBank’s mega tech funds lost more than $27 billion in the last fiscal year, by far their worst performance on record. The world’s biggest tech investor said Thursday that its Vision Funds had recorded a loss of 3.5 trillion yen ($27.5 billion) in the year ended March. That was a significant reversal from the unit’s performance from […]

Real estate may not be the most exciting industry to invest in, but it is one of the most consistent in terms of returns. With the current uncertainty in the markets, investors are craving something that will provide consistent returns without being overly risky. One Wall Street analyst has a few ideas on this. JMP Securities issued a few calls […]

Early trading Wednesday had two of the three major U.S. indexes in the green. Tuesday’s up-and-down regular session ended with the Nasdaq up 1% while the Dow Jones industrials and the S&P 500 finished the day down and up a quarter-point, respectively. The monthly consumer price index (CPI) rose 0.3% month over month in April, a steep drop from the […]

FOX Business Flash top headlines for May 10 Check out what’s clicking on FoxBusiness.com. It was a strong first quarter for Occidental Petroleum as higher oil prices helped the company post a profit. It was a turnaround in results after reporting a loss in the same period a year ago. GET FOX BUSINESS ON THE GO BY CLICKING HERE Net […]

New York (CNN Business)The age of meme-stock trading has largely come to an end, and the online trading platform that fueled the surge is scrambling to find alternative sources of revenue. Robinhood benefited greatly from meme investors piling into AMC, GameStop and other heavily shorted stocks last year. Ironically, Robinhood now thinks the key to its survival is letting investors […]

New York (CNN Business)The stock market is a mess right now, but here’s some Wall Street wisdom for these tough times: Eat, drink and be merry. Emphasis on the merry if you’ve been buying food and beverage stocks. Stodgy consumer staples companies like food and drink makers tend to do well even during economic rough patches and market turmoil. That’s […]

We have talked about it for months, and it has finally arrived, the kind of bear market that was inevitable after years of easy money and Federal Reserve supported liquidity. Last week, interest rates were increased by 50 basis points to make the new range for federal funds 0.75% to 1.00%. Fed Chair Powell already has telegraphed increases for June […]