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Yahoo Finance Live looks at DraftKings amid announcements setting the sports betting platform up to sponsor Amazon's NFL Thursday Night Football streams...
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At their lowest points through 1 p.m. ET on Tuesday, Plug Power (NASDAQ: PLUG) had shed 6.7%, Bloom Energy (NYSE: BE) 7.5%, and Hyzon Motors (NASDAQ: HYZN) 4.9%. Investors dumped these stocks after the latest economic data refueled fears of an economic slowdown that could force these companies to cut back on their plans. Although economists expected inflation in the U.S. to drop by 10 basis points in August versus July in what would have been the first signs of inflation cooling down, the latest data from the Bureau of Labor Statistics poured cold water on their hopes...
Continue ReadingYahoo Finance Live's Rachelle Akuffo reports on how the FAANG stocks are responding to today's tech sell-off as markets and investors continue to digest the August CPI data...
Continue ReadingThe e-commerce giant will invest $450 million in increased wages and other benefits for drivers as it tries to ensure it has sufficient staffing for the peak holiday season...
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Warner Bros. Discovery just gave a presentation at a "roadshow." What can WBD management control and what is beyond their control? Click here to find out...
Continue ReadingThe defined risk and cheaper cost make the bullish calendar spread a useful strategy for option traders...
Continue ReadingGoldman Sachs managing director Eric Sheridan perfectly explains why the short-term outlook for tech stocks is cloudy, at best...
Continue ReadingWhen the latest government report on inflation hit the wire Tuesday morning, it revealed that while prices weren't increasing as quickly as they had been, the news was still worse than expected, sparking a wide-ranging sell-off on Wall Street. To be clear, there was little in the way of company-specific news driving these technology stocks lower -- and what could be found was decidedly positive. This suggests that investors were hyperfocused on the macroeconomic data and what it means for the future...
Continue ReadingAmazon.com Inc. said Tuesday it will invest more than $450 million in two new benefits and rate increases, to offer competitive compensation for delivery service partners (DSPs) and drivers. The benefits include a new academic program called Next Mile that provides up to $5,250 a year to DSP drivers for access to more than 1,700 academic programs, and a 401(k) savings plan that provides $60 million so DSPs can match employee contributions. The new benefits and rates increases from the ecommerce...
Continue ReadingShopify (NYSE: SHOP) underperformed a declining market on Tuesday, trading lower by 7% as of 12:45 p.m. ET compared to a 3.1% slump in the S&P 500. Tuesday's decline was powered largely by marketwide pessimism, but also by specific concerns about Shopify's growth prospects. The Nasdaq Composite index, home to many tech players, had shed 3.7% by 1 p.m. ET, and Shopify tends to move in sympathy with that index, which includes peers like eBay and Amazon...
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