Teladoc posts another quarterly loss, and online mental-health unit sees revenue slip
Once high-flying, Teladoc’s stock drops more than 15% after the telehealth company posts yet another quarterly loss.
Once high-flying, Teladoc’s stock drops more than 15% after the telehealth company posts yet another quarterly loss.
Seven months into 2024, it has still been a good year for the stock market, but the sands shifted under investors’ feet during July, as a “Great Rotation” began.
U.S. bonds rallied Wednesday, after Federal Reserve Chair Jerome Powell expressed growing confidence the Fed could start lowering interest rates as soon as its next policy meeting.
Udemy says it’s switching gears to serve big businesses only.
Federal Reserve Chairman Jerome Powell managed to thread the needle on Wednesday, so to speak. Investors responded by sending both stocks and bonds higher.
If history is any guide, the so-called Magnificent Seven could stage a comeback as the calendar turns to August — but beware the market is in the midst of an exceptional rotation, so relying on seasonality alone as a timing tool could easily lead one astray, market strategists said.
Arm’s stock drops more than 7% after royalty revenues come up short.
Carvana’s stock rallies more than 7% as used-car retailer sees “untapped potential.”
Qualcomm Inc.’s stock soared more than 8% on Wednesday alongside a broader rally in chip names, and it was poised to move higher yet based on aftermarket action.
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The Fed stayed put for now, but many see a rate cut coming in September.
Billionaire investor Bill Ackman’s Pershing Square USA is withdrawing its plans for an initial public offering, according to a statement released on Wednesday, after ratcheting back expectations for the fund’s debut over recent days.
An AWS beat is “expected,” while a miss could stir up questions about the company’s positioning in the cloud, according to an analyst
Shares of SunPower climbed 9.2% Wednesday, with the maker of solar-energy technology buoyed by strong second-quarter results from solar-panel maker First Solar.
U.S. stocks remained sharply higher Wednesday afternoon after the Federal Reserve, as expected, left rates unchanged but appeared to leave the door open to a cut.
A $78 billion tax bill is coming before the Senate this week, with the first procedural vote scheduled for Thursday. Although the bill passed in the House of Representatives in a 357-70 vote in January, experts caution that it may not succeed in the Senate.
A rally in oil futures Wednesday comes as no surprise as violence in the Middle East, including the assassination of a Hamas leader in Iran, raises the potential for a wider war in the oil-rich region, but prices for crude are still set to end the month with a loss.
About 27% of current U.S. Olympic athletes earn less than $15,000 a year
The Federal Reserve on Wednesday held its benchmark interest rate steady in a range of 5.25% to 5.5%.
The “great rotation” that turned the market on its head this month has shown investors that patience can pay off.