Is it a good idea to limit Federal Reserve rate guidance?
New Federal Reserve Chair Kevin Warsh recently told Congress he would provide less guidance about the Fed’s next interest rate moves than his predecessors.
It’s common for Fed chairs to forecast thoughts on if rates may come up or down. Yet Warsh’s first policy statement dropped guidance on the future path of rates.
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Read MoreTesla stock tumbles 10% after profit miss; full-year capex spend of $25 billion confirmed
Tesla (TSLA) stock tumbled early Thursday after the EV maker reported mixed second quarter results that missed Wall Street expectations. However, its cash burn rate was less than expected. Investors may be looking for more on its physical AI build-outs.
Tesla reported Q2 revenue of $28.24 after the closing bell on Wednesday,
Tesla Stock Tumbles After Big Earnings Miss
Tesla stock dropped sharply Thursday after a disappointing quarterly earnings report.Credit: Mario Tama / Getty Images
Key Takeaways
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Tesla shares tumbled on Thursday after the EV maker reported lower-than-expected quarterly profit despite revenue exceeding estimates.
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Read MoreOil prices rise another 3%, while Wall Street drifts in mixed trading
By STAN CHOE, AP Business Writer
NEW YORK (AP) — U.S. stock indexes barely budged on Wednesday after oil prices climbed another 3% as fighting continues in the war with Iran.
The S&P 500 edged down by 0.1%, coming off its best day in three weeks.
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Read MoreApple stock hits $5 trillion market cap for the first time
Apple briefly crossed a $5 trillion market capitalization on Tuesday, becoming the second publicly traded company in history to reach the milestone.
Apple stock touched an intraday high of $342.89 on Tuesday, a gain of 1.8%, before retreating from that level. A closing price above $340.43 would be required for Apple to finish the session with a market cap exceeding $5 trillion.
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Read MoreThe Burst
Is Tesla a Buy Under $200?
In the investing world, Jim Cramer grabs a lot of headlines, but other less well-known names arguably deserve substantially more attention. Oliver Kell is one such name. He’s got the distinguished title of US Champion Trader with a 941.1% return in 2020.
He’s also got quite a knack for finding the hottest stocks in the market,
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Read MoreThe Ivy
1 Cybersecurity Stock To Buy On The Dip?
Cybersecurity company SentinelOne (NYSE:S) has seen its stock drop by about 12% YTD, following a broader slump among cybersecurity companies.
This dip, contributed to by both high valuations and market disillusionment after Crowdstrike’s disastrous July outage, has wiped out value for some shareholders while potentially creating opportunities for others.
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Read MoreThe Spotlight
1 Buffett Stocks Near 52-Week Lows
On December 4, 2020, Verizon shares were trading for about $61.50. That’s the highest price Verizon has ever managed to reach. From that moment, the price took a turn for the worse. Over the last 52 weeks, Verizon has been as high as $59.85 and as low as $49.68.
Although the share price has underwhelmed recently,