Analysts at Height Capital and Raymond James mostly looked past a $250 million fine for Wells Fargo, and a cease-and-desist order from the Office of the Comptroller of the Currency related to a 2018 ruling on mortgage practices.
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If you buy high-quality companies and hang onto them for long periods of time, your chances of growing your initial investment by leaps and bounds goes up significantly. What's more, Novavax's vaccine development platform should allow it to quickly tackle new variants and develop potential combination treatments in the future.
Stop losing money on mediocre businesses.
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If you're Cathie Wood, founder, and CEO of ARK Invest, you keep buying more. Shares of life-science equipment manufacturer Berkeley Lights (NASDAQ: BLI) took a hit last week, and two ARK Invest ETFs quickly bought more. Wood also bought two genomics stocks that have tanked this year, Personalis (NASDAQ: PSNL) and Invitae (NYSE: NVTA).
On Monday, this somewhat obscure, overseas risk suddenly shook up financial markets from Asia to Europe and the U.S., where all three major benchmark stock indexes, the S&P 500 (SPX) Dow industrials (DJIA) and Nasdaq Composite (COMP) appeared to be headed for the worst one-day drop in more than two months. On one level, Evergrande—which reportedly faces at least $83.5 million in interest payments due on Thursday, with a 30-day grace period — is raising concerns about a liquidity crisis among all Chinese and Hong Kong property companies, as markets quickly turn off access to dollar funding. In a more macro way, the firm’s woes are bringing to the fore China’s wide-scale regulatory crackdown across most of its businesses, starting with technology giant Alibaba Group Holding Ltd. (HK:9988) which is rattling confidence in the world’s second-largest economy.
(Bloomberg) -- A global rout in stock markets sparked by concerns over China Evergrande Group hit the world’s biggest fortunes Monday, with the richest 500 people losing a combined $135 billion.Most Read from BloombergThe Global Housing Market Is Broken, and It’s Dividing Entire CountriesMerkel’s Legacy Comes to Life on Berlin’s ‘Arab Street’Is There Room for E-Scooters in New York City?Istanbul Turns Taps on Old Fountains, Joining Global Push for Free DrinksAmazon, Microsoft Swoop In on $24 Bil
The S&P 500 had its worst day in months Monday, tumbling 1.7% on fears that property giant China Evergrande Group ‘s (ticker: 3333.Hong Kong) troubles may spill over into other markets. Friday, the S&P 500 fell below its 50-day moving average, a technical indicator that shows investors are losing confidence in the market outlook. The S&P 500 is 3.9% below its all-time high as of Monday’s close, at its lowest level since mid-June.
The energy sector’s production companies benefit from dealing in commodities – oil and gas – that are always in demand. They have high overhead, but they also have a ready market for the product and consequent strong cash positions. Using that strong cash-flow, the companies have been following two strategies to boost their shares; First, they are simply buying back shares to support the price. And second, they are paying out high dividend yields, offering investors a steady income stream from t
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A look at the shareholders of AT&T Inc. ( NYSE:T ) can tell us which group is most powerful. Generally speaking, as a...
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A double blow from China sent metal stocks tumbling, but you should wait before dumping your shares.
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PSA Peugeot’s takeover of Fiat Chrysler to form the world’s fourth-largest carmaker has had its first executive casualty, with former Fiat Chrysler CEO Mike Manley stepping down as his role of head of the Americas. Stellantis announced Tuesday that Manley, 57, was leaving to become CEO of the largest dealership network in the United States, AutoNation Inc., based in Florida. Manley will not be replaced, and Americas chief operating officer Antonio Filosa will report directly to Stellantis CEO Carlos Tavares.
Evergrande fears sink stock market: Here’s what investors need to know about the teetering property giant
Evergrande, a Chinese property giant, is on the brink of default. Here's what investors need to know.
HONG KONG/SHANGHAI (Reuters) -Didi Global Inc co-founder and President Jean Liu has told some close associates that she intends to step down, two sources familiar with the matter said, as the Chinese ride-hailing giant faces intense regulatory scrutiny following its New York listing earlier this year. Liu, 43, has in recent weeks told some associates that she expected the government to eventually take control of Didi and appoint new management, said the two sources. Liu, a former Goldman Sachs Group Inc banker, told a couple of executives close to her in recent weeks - including those who had followed her to join Didi from the Wall Street bank - that she planned to leave and encouraged them to start looking for new opportunities as well, said one of the sources who was briefed on the matter.
Bitcoin and other cryptocurrencies were tumbling on Monday as one of China's largest property developers teetered on collapse. Here's how it could spill over into cryptos.
Concern that China Evergrande may default https://www.reuters.com/world/china/china-evergrande-fears-consume-investors-awaiting-trading-2021-09-21 on its mountain of debt hit shares of toilet maker Toto and other Japanese firms that are seen vulnerable to a further slowdown in China's property development. Toto lost 6.1 % on Tuesday, extending its fall since Thursday to 14.8%, on the perceived risk of exposure to Evergrande, which investors fear could miss debt payment later this week. "There are rising and widely reported concerns about fund flows at leading local developer China Evergrande Group, whose business scale suggests to us it is very likely one of TOTO's major customers," said Arisa Katsuyama, analyst at Morgan Stanley.
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Dividends often provide larger income streams than bonds these days, but there are trade-offs involved.
If Evergrande were to fail, the fallout would affect millions of people, including employees, buyers, creditors, suppliers and investors.
New Street Research analyst Pierre Ferragu says the Street is expecting too many Apple iPhone upgrades.
Finding stocks expected to beat quarterly earnings estimates becomes an easier task with our Zacks Earnings ESP.
Cassava Sciences, Inc. (SAVA) closed at $48.26 in the latest trading session, marking a -0.52% move from the prior day.
Evergrande isn’t the only reason the stock market is headed for its worst day in 2 months. Here are 7 other reasons.
Monday's sharp downturn in stocks precipitated partly by the highly leveraged Evergrande in China isn't the only problem buffeting markets on Monday.