Category: stocks

Question about selling at a loss. I have a couple stocks that I bought at the market peak back in 2021. They’ve dropped over 90% and I’ve decided that I’m done holding the bag haha. From my understanding, I’m able to negate up to $3,000 in taxes from either capital gains from other stocks or…

Nordstrom’s founding family has offered to take the department store chain private for $23 a share, teaming up with a Mexico-based retailer in its latest bid, a filing showed on Wednesday. That price would value the company at roughly $3.76 billion. Its shares have gained 35% since Reuters first reported in March that the family…

Just read that McKesson (MCK) said Thursday that it has signed an agreement to sell its Canada-based Rexall and Well. Wonder why the stock is down 9% though. Healthy Dividend growth rate and EPS exceeds expectations. P/E at 23.6 today. What am I missing? Feeling I should buy like crazy on this dip. What do…

https://www.tomshardware.com/pc-components/cpus/intel-scraps-18a-process-for-arrow-lake-goes-with-external-nodes-likely-tsmc Intel's current generation of consumer CPUs will only use dies fabbed by TSMC. Unexpected development given Intel had shown an Intel 20A Arrowlake die on stage last year. 18A process is do or die for Intel's foundry business, with the failures/cancellation of 4/3/20A and financial uncertainty putting their 15A plan in flux.

Volvo Cars on Thursday scaled back its margin and revenue targets, after announcing it was no longer targeting 100% all-electric vehicle sales by 2030. The Swedish automaker, which is majority-owned by China’s Geely Holding, said it is now targeting a 2026 EBIT (earnings before interest and taxes) margin goal of 7-8%, down from “above 8%,”…

Electric vehicle (EV) manufacturer Nio published on Thursday its second quarter earnings results posting a revenue increase of 98.9 per cent year over year mainly attributed to the 144 per cent surge in vehicle deliveries. The company reported a vehicle margin of 12.2 per cent in the second quarter, nearly doubling from the 6.2 per…

Visa said it plans to launch a dedicated service for bank transfers, skipping credit cards and the traditional direct debit process. Visa, which alongside Mastercard is one of the world’s largest card networks, said Thursday it plans to launch a dedicated service for account-to-account (A2A) payments in Europe next year. Users will be able set…

Nvidia on Wednesday denied reports it received a subpoena from the Department of Justice over antitrust concerns. “We have inquired with the U.S. Department of Justice and have not been subpoenaed,” an Nvidia representative told CNBC. “Nonetheless, we are happy to answer any questions regulators may have about our business.” Bloomberg reported Tuesday that Nvidia had…

Investors should be cautious for the next 8 weeks, says Fundstrat’s Tom Lee https://www.cnbc.com/video/2024/09/03/investors-should-be-cautious-for-the-next-8-weeks-says-fundstrats-tom-lee.html ​ Tom Lee, Fundstrat Global Advisors managing partner and head of research, joins ‘Squawk Box’ to discuss the latest market trends, state of the economy, why investors should remain cautious from September until election day, what to expect from Friday’s jobs…

Verizon said on Thursday it would buy Frontier Communications in an all-cash deal valued at $20 billion, as the U.S. wireless carrier looks to boost its fiber network. Shares of Frontier Communications fell more than 9% in premarket trading. Verizon climbed about 1%. Verizon has offered $38.50 per Frontier share held, a premium of 37.3%…