Month: August 2020

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It was expected to see significant losses during the second quarter. …read more […]

After Lyft initially announced Thursday that it would suspend rideshare in California on Friday, both Lyft and Uber were granted a delay to reclassifying drivers. An Uber spokesperson told Yahoo Finance: “We are glad that the Court of Appeals recognized the important questions raised in this case, and that access to these critical services won’t be cut off while we continue to advocate for drivers’ ability to work with the freedom they want.” D.A. Davidson SVP & Sr. Research Analyst Tom White joins The Final Round panel breaks down the details. …read more […]

The big shareholder groups in Ping Identity Holding Corp. (NYSE:PING) have power over the company. Institutions often… …read more […]

Penny stocks, you either love them or you hate them. One of the obvious draws of these stocks trading for under $5 per share is the ability to get more bang for your buck. And should these bargain priced stocks see their share prices rise by only a small amount, the rewards can be staggering.However, before jumping right into an investment in a penny stock, Wall Street pros advise looking at the bigger picture and considering other factors beyond just the price tag. For some names that fall into this category, you really do get what you pay for, offering …read more […]

Blink Charging (NASDAQ: BLNK) shares traded sharply lower on Thursday following a short report released Wednesday by Culper Research.The company issued a press release saying the short seller’s report was filled with “false, manipulative and defamatory reports.”What Happened: Blink Charging is an owner, operator, and provider of electric vehicle charging services. The company offers both residential and commercial EV charging equipment, enabling EV drivers to recharge at various location types.Culper Research issued a report on Blink Charging, saying “the company has vastly exaggerated the size of its EV charging network in order to siphon money from the pockets of investors …read more […]

Tom Lydon, ETF Trends CEO, joins Yahoo Finance’s Akiko Fujita to discuss where investors can find the next equivalent of companies like Facebook, Apple, Amazon and Netflix. …read more […]

Lyft is suspending its California ride-sharing service after being ordered to classify drivers as employees. Yahoo Finance’s Sibile Marcellus joins Akiko Fujita to discuss the details. …read more […]

(Bloomberg) — A group of former Federal Reserve officials and staffers, including former Vice Chairman Alan Blinder, published an open letter Thursday calling on the U.S. Senate to reject President Donald Trump’s nomination of Judy Shelton to the central bank’s Board of Governors.“Ms. Shelton’s views are so extreme and ill-considered as to be an unnecessary distraction from the tasks at hand,” the letter said.The letter was also signed by two former reserve bank presidents and three former division directors on the board’s staff. It has 38 current signatories, all of whom worked at the central bank at some point.The Senate …read more […]

Every investor in New Residential Investment Corp. (NYSE:NRZ) should be aware of the most powerful shareholder groups… …read more […]

Searching for a dividend growth stock can be like looking for a needle in a haystack. Which makes sense… Companies focused on growth typically reinvest cash on hand into future growth instead of paying out a dividend.

A perfect example of a growth stock from the way back machine is Amazon (Nasdaq: AMZN). The internet commerce juggernaut went years without turning a profit. Amazon CEO Jeff Bezos long maintained that investing in growth was far more important than hitting quarterly earnings targets.
The strategy proved to be a salient one that landed Amazon’s founder the top spot as the richest man in …read more […]

American Airlines Group Inc said Thursday it plans to suspend flights to 15 U.S. airports in October as travel demand remains low as a result of the coronavirus pandemic. Congress has been weighing for weeks whether to grant U.S. airlines another $25 billion in payroll assistance that would keep tens of thousands of airline workers on the job for another six months and extend minimum service requirements. American said it will cancel just over 700 flights in October to and from those 15 airports but warned it could make additional cuts or could reconsider if Congress provides …read more […]

Baupost Group recently released its Q2 2020 Investor Letter, a copy of which you can download here. The fund posted strong gains for the quarter, a substantial but not quite complete rebound from the first quarter drop. You should check out Baupost Group’s top 5 stock picks for investors to buy right now, which could […] …read more […]

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(Bloomberg) — Tesla Inc.’s market value has surpassed retail behemoth Walmart Inc. after an astounding surge in the electric vehicle maker’s shares over the past five months.The stock, which touched a low of about $350 in March, has almost quintupled since then and briefly crossed $2,000, nearly 10 times the level it was trading at this time last year. Tesla shares jumped as much as 6.6% on Thursday, reaching the all-time intraday high. The stock has closed at records on three of the past four trading days.The relentless rally led Tesla to split the stock in order to make it …read more […]