Fed says banks could withstand 10% unemployment, 55% stock price drop in annual stress test

Fed says banks could withstand 10% unemployment, 55% stock price drop in annual stress test

The Federal Reserve Board on Thursday projected the potential for a rockier road ahead for banks than it did a year ago, but said the 33 financial institutions it reviewed passed its annual stress test of capital reserves. The Fed estimated $612 billion in potential losses for banks in its most severe economic scenario, and … Read more

NIO Stock Is a Cautionary Tale for Tesla Shareholders

NIO Stock Is a Cautionary Tale for Tesla Shareholders

Electric vehicle maker NIO has been stuck in a range of roughly 10,000 monthly deliveries for almost a year. Courtesy Nio Text size Chinese electric vehicle maker NIO offers a cautionary tale for You’re here investors. What happened to its shares could happen to You’re here ‘s if volume growth at You’re here follows a … Read more

Elon Musk Expected to Reiterate Desire to Own Twitter in Meeting Thursday

Elon Musk Expected to Reiterate Desire to Own Twitter in Meeting Thursday

Elon Musk is expected to confirm his desire to own Twitter Inc. TWTR 2.07% when he speaks to the social-media company’s employees on Thursday, according to a person familiar with the matter. The billionaire Tesla Inc. chief executive is slated to answer pre-submitted employee questions for roughly an hour at a virtual Twitter all-hands meeting … Read more

GameStop Earnings Miss Forecasts. Stock Market Doesn’t Know What to Make of It.

GameStop Earnings Miss Forecasts.  Stock Market Doesn't Know What to Make of It.

Text size GameStop stock could see renewed interest after the company reports earnings. Justin Sullivan/Getty Images GameStop reported a wider-than-expected net loss for the first quarter and once again declined to provide an outlook. Its stock has fallen, gained and settled in close to unchanged in after-hours changing. The videogame retailer reported an adjusted net … Read more

Monkeypox cases are driving up stock prices for these companies

Monkeypox cases are driving up stock prices for these companies

Growing concern about the emergence of monkeypox in Europe and the US has sent shares of several vaccine and drug companies soaring. Though infections are rarely reported outside of Central and West Africa, 92 cases have been confirmed this month in countries where the monkeypox virus is not endemic, including Europe and the US, as … Read more

Deere Beats Earnings Estimates and Raises Guidance. The Stock Falls Anyway.

Deere Beats Earnings Estimates and Raises Guidance.  The Stock Falls Anyway.

Text size Deere has earned more than expected for 11 consecutive quarters. Mark Hirsch/Getty Images Deere reported fiscal second-quarter earnings that beat Wall Street expectations. Full-year earnings guidance was raised too. The stock fell anyway on Friday. Deere (ticker: DE) reported earnings per share of $6.81 from sales of $13.4 billion. Wall Street was looking … Read more

Here’s the real reason the stock market is coming unglued — and it isn’t because of weak earnings

Here's the real reason the stock market is coming unglued — and it isn't because of weak earnings

An earnings recession is not the biggest threat facing the stock market right now. That may seem a curious assertion to make in a week in which the largest retailers are reporting disappointing earnings and retail-sector stocks are being pummeled. In fact, contracting P/E multiples are the big culprit. To show that an earnings recession … Read more

Affirm stock soars 34% after earnings ‘put to bed some persistent bear themes’

Affirm stock soars 34% after earnings 'put to bed some persistent bear themes'

Shares of Affirm Holdings Inc. surged in after-hours trading Thursday after the buy-now pay-later company delivered a revenue beat and sought to reassure investors about its positioning in a downturn. Revenue at Affirm AFRM, +23.31% increased to $354.8 million in the fiscal third quarter from from $231 million a year before, while analysts had been … Read more

Beyond Meat’s stock slides 20% on weak sales, heads lower than IPO price for first time

Beyond Meat's stock slides 20% on weak sales, heads lower than IPO price for first time

Beyond Meat Inc.’s not-so-good 2022 took an ugly turn for the worse Wednesday with quarterly results that lacked sizzle. The maker of plant-based meat products BYND, -13.83% reported a net loss of $100.5 million, or $1.58 a share, compared with a net loss of $27.3 million, or 43 cents a share, in the same quarter … Read more