Moderna and BioNTech shares both cratered to their lowest price in years Monday as the companies behind the most widely-circulated mRNA Covid-19 vaccines grapple with investor disappointment with crashing revenues.
History suggests the federal debt rating downgrade won’t impact stocks for long, as stocks continued their upward trajectory after a brief blip in the aftermath of the S&P’s similar decision 12 years ago.
Shares of the Swedish music streaming giant tanked 11% Tuesday after reporting earnings, set for their worst day in nine months.
The surge in share price comes amid an industry standoff with Hollywood actors and writers demanding fair contracts that one analyst deemed a major win for Netflix.
Companies powering the generative AI rush are the top returners for all three major stock indexes this year.
The iPhone maker is as valuable as Tesla, Berkshire Hathaway, Meta and Netflix– combined.
Social media is not “protecting us from false generative AI,” Eric Schmidt said Monday.
“We remain convinced that GameStop is doomed,” one analyst warned after the video game retailer fired its CEO and revealed another quarter of losses.
The Saudi official, who also sits on Uber’s board of directors and chairs Newcastle United, has been described as a “technocrat” who executes the “vision” of the country’s de facto ruler, Mohammed bin Salman.
Shares of the iPhone maker are still up more than 1,000% over the last decade.