Stocks opened lower Thursday after an unwelcome update on the labor market. Two of the three main benchmarks stayed in negative territory through the close as mega-cap tech titan Apple (AAPL) extended its recent slump. However, one name managed to muscle into positive territory, as chipmaker Intel (INTC) extended its longest win streak in years. … Continue reading Stock Market Today: Another Apple Stock Slump Drags on Nasdaq
Apple’s stock is the biggest short for investor Dan Niles amid worries about China’s iPhone ban
Apple’s stock is currently the single biggest short for hedge fund investor Dan Niles. “Sold $AAPL & now our largest single stock short,” the Satori Fund founder said in a Thursday post on X. Niles cited three reasons for his bearishness toward Apple, including China’s crackdown on iPhone usage. Loading Something is loading. Thanks for… Continue reading Apple’s stock is the biggest short for investor Dan Niles amid worries about China’s iPhone ban
These 10 stocks have the most exposure to China’s ‘stalling’ economy, BofA warns
China’s “stalling” economy is putting some US companies at risk, according to Bank of America.High rates of youth unemployment and recent property defaults have put pressure on the Chinese economy.The bank highlighted the top 10 stocks that have the most revenue exposure to China. Loading Something is loading. Thanks for signing up! Access your favorite… Continue reading These 10 stocks have the most exposure to China’s ‘stalling’ economy, BofA warns
Billionaire Ryan Cohen’s 2022 purchase and abrupt sale Bed Bath & Beyond shares are being investigated by the SEC, report says
Meme-stock investor Ryan Cohen’s 2022 trades in Bed Bath and Beyond’s stock are being probed by the SEC, per the WSJ. The billionaire took a $120 million position in BBBY stock in early 2022, but sold it abruptly five months later. Cohen says he liquidated the position because the stock had “unexpectedly increased to a… Continue reading Billionaire Ryan Cohen’s 2022 purchase and abrupt sale Bed Bath & Beyond shares are being investigated by the SEC, report says
NFL-backed New Era Cap raises $775 million in financing ahead of potential IPO, report says
New Era Cap raised $775 million worth of debt and could explore an IPO, Bloomberg reported. “I can see myself leading a publicly-traded company,” CEO Christopher Koch told the outlet. New Era is best known as the official licensed hatmaker for MLB and the NFL. Loading Something is loading. Thanks for signing up! Access your… Continue reading NFL-backed New Era Cap raises $775 million in financing ahead of potential IPO, report says
US stocks trade mixed as rate fears persist amid signs of tight labor market
Jason Ma Spencer Platt/Getty Images US stocks trade mixed on Thursday amid fresh signs the labor market remains tight. Weekly jobless claims unexpectedly declined, and second-quarter unit labor costs were revised up. That could put more pressure on the Federal Reserve to keep rates higher for longer. Loading Something is loading. Thanks for signing up!… Continue reading US stocks trade mixed as rate fears persist amid signs of tight labor market
(A Little) Greed Is Good When It Comes to Investing
There’s a certain appeal to being a contrarian investor. Zigging when others are zagging. Going against the herd. And when you’re proven right, it feels pretty darn good (and can pay off handsomely). One of the first adages contrarian investors learn comes from Warren Buffett. In his 1986 letter to Berkshire Hathaway shareholders, Buffett wrote… Continue reading (A Little) Greed Is Good When It Comes to Investing
Stock Market Today: Stocks Fall as Inflation Fears Ramp Up
Stocks closed lower again Wednesday as rising oil prices and good-news-is-bad-news economic data weighed on investor sentiment. Rate-sensitive tech and tech-adjacent stocks were some of the day’s biggest losers as Treasury yields rose. The main benchmarks opened in negative territory and stayed there for the entire session. At the close, the Dow Jones Industrial Average… Continue reading Stock Market Today: Stocks Fall as Inflation Fears Ramp Up
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