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Elon Musk has been trying this week to defend Tesla’s abysmal stock performance in 2022. The electric vehicle giant has seen its stock plummet by 61% this year, making it the 11th-worst performing stock in the S&P 500 in 2022. “As bank savings account interest rates, which are guaranteed, start to approach stock market returns, … Read more
The S&P 500 and Nasdaq Composite indexes recorded their worst day in almost a month on Monday, after a hotter-than-expected U.S. services-sector reading fueled concerns that the Federal Reserve may need to be even more aggressive in its inflation battle. How stocks traded The Dow Jones Industrial Average DJIA, -0.26% finished down 482.78 points, or … Read more
Zscaler Inc. stock fell in the extended session Thursday after the cybersecurity company said longer sales cycles and other headwinds contributed to its conservative guidance, one slightly above the Wall Street consensus. Zscaler ZS, +8.28% shares dropped 10% after hours, following an 8.3% gain in the regular session to close at $144.50. Zscaler said it … Read more
Blackstone is limiting withdrawals from its huge retail real estate investment trust after a sharp rise in redemption requests from investors. In a letter posted on the Blackstone Real Estate Income Trust website, Blackstone (Ticker: BX) said that redemption requests already have exceeded the 5% quarterly limit for the REIT, which had $69 billion of … Read more
Redfin stock has been hit hard by a slowdown in the housing market. But an analyst says the real estate broker might also have fundamental problems with its business model. Oppenheimer analyst Jason Helfstein downgraded Redfin stock (ticker: RDFN) to Underperform from Perform in a research note published Sunday and set a 12-month price target … Read more
Buyers may be starting to see home price drops in some areas. (Getty Images) Home buyers have watched as home prices marched upwards for the past few years, but now many of you will finally get some relief — at least in some spots. “Home price appreciation has slowed dramatically in most markets, and there … Read more
Jack Cronin found San Francisco-area homes too expensive or too far from the city center to buy when he lived there in 2020. The tech worker still wanted a piece of the hottest housing market of his lifetime, so he started looking farther afield. Last year, the 28-year-old used a website called Roofstock, which provides … Read more
This coming weekend, Warren Buffett hosts his famed annual meeting of Berkshire Hathaway BRK.A, -1.66% BRK.B, -1.87% shareholders in Omaha, Neb. The event is expected to draw tens of thousands live and a million more online. To paraphrase an old line about General Motors: As goes Berkshire, so goes America. That is, like other great … Read more
Text size Amazon packages Thomas Samson/AFP via Getty Images Picking beaten-up growth stocks might not feel like a good idea these days, amid rising interest rates, inflation, and geopolitical chaos, But there is a price for everything and the recent selloff has left several large-capitalization growth stocks at levels Wall Street appears to love. Arguing … Read more
Three months after a home-flipping initiative imploded in an embarrassing public display, Zillow Group Inc. reported record revenue from selling the underwater homes Thursday, sending shares surging. Zillow Z, -1.75% ZG, -1.26% shares rose between 15% and 20% in after-hours trading Thursday, when executives revealed fiscal fourth-quarter revenue approaching $4 billion, more than the company … Read more