Articles

La-Z-Boy’s stock slumps 12% on revenue drop, earnings miss

La-Z-Boy Inc.’s stock slumped 12% in after-hours trading Tuesday after the company posted quarterly results that fell short of analysts’ revenue and earnings estimates.

SolarEdge’s stock plummets 14% as company becomes latest poster child for solar industry’s problems

Lower demand amid high interest rates and regulatory changes in California, as well as rising inventories, have pummeled solar-power and related industries, and SolarEdge presents a mixed picture to investors.

Palo Alto Networks’ stock tumbles as earnings forecast underwhelms

The cybersecurity company came up short with its forecast for the current quarter and trimmed its full-year outlook.

Why DraftKings made $8 million and BetMGM lost nearly $5 million on Super Bowl bets in New York

Despite both giving the 49ers better odds to win, one sportsbook made millions while another lost millions.

FuboTV sues to block ESPN, Warner, Fox sports-streaming venture

FuboTV filed a lawsuit Tuesday to block a new sports-streaming joint venture scheduled to premiere this fall, claiming the ESPN-Warner Bros. Discovery-Fox juggernaut would squeeze Fubo’s ability to carry a small bundle of sports-focused channels that the venture plans to include.

Stock-market investors fear short-volatility bets could crush the rally

A popular trade that triggered a historic market meltdown back in 2018 made a comeback last year, as one barometer of its performance logged its best year in six.

The Dow is due for a change. These sectors may be affected.

The keepers of the Dow Jones Industrial Average will have to make at least one change to the venerable index next week, and there’s a very good chance they’ll make a couple of others, as well.

Nvidia’s stock heads for biggest drop in over a year and biggest market-cap loss ever

Nvidia is about to report another set of blowout results Wednesday, but Wall Street has come to expect that from the chip giant.

AI stocks in the S&P 500 have outperformed this year — and not just the ‘Magnificent Seven’

It’s not just the top seven companies in the S&P 500 that are benefiting from the stock-market craze around artificial intelligence, according to Bespoke Investment Group.

I have $1.5 million in stocks and bonds. I asked my broker to convert my bonds to cash. He didn’t and my portfolio fell by $100,000. Can I sue?

“I also suggested that the company liquidate some growth stocks and either keep the proceeds in cash or invest it in value stocks.”

Traders are flirting with the idea of a Fed rate hike as January meeting minutes loom

It’s taken months to sink in, but traders are finally coming around to the once-unthinkable scenario of possibly no rate cuts in 2024 and are now even considering the idea of another hike by the U.S. central bank.

U.S. stocks could fall in March thanks to waning momentum, ‘seasonal’ weakness: analyst

The recent bullish momentum that has propelled U.S stocks to record territory is fading, and “seasonal” weakness in March could push major stock indexes into one of their worst stretches of the year, according to Jonathan Krinsky, chief market technician at BTIG.
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