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Austria plans to launch a tax reform to see only certain crypto transactions be subject to a 27.5% capital gains levy by treating them like stocks and bonds.
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Yahoo Finance Live anchors break down earnings reports for PayPal, which took a dip after announcing its Venmo partnership with Amazon, as Palantir Technology is expected to have a strong 2022 after exceptional growth in its staffing.
At this time, I would like to turn the conference over to Jason Schmidt, vice president of investor relations. Good afternoon, and thank you for joining us on today's conference call to discuss Upstart 's third quarter 2021 financial results. With us on today's call are Dave Girouard, Upstart 's chief executive officer, and Sanjay Datta, our chief financial officer.
Failing to deliver on both the top and bottom lines, synthetic-biology specialist Amyris (NASDAQ: AMRS) reported disappointing third-quarter 2021 earnings results yesterday after the market closed. In addition, investors are selling shares after learning that the company is raising capital through the issuance of senior convertible notes. Although the company reported a year-over-year sales increase of 39.7%, it didn't seem to be enough to satisfy investors' appetites.
On Tuesday morning, Palantir Technologies (NYSE: PLTR) reported third-quarter results that ranked right up there with the best this period among defense IT companies. Shares of Palantir fell by as much as 10% in morning trading, and were off by 8.8% as of 12:26 p.m. EST. Palantir, best known as the company whose tech helped locate Osama bin Laden, went public about a year ago and immediately shot higher as the market considered the potential commercial-sector applications for its data analytics tools.
(Bloomberg) -- Tesla Inc. lost about $199 billion in value during its biggest back-to-back selloff since September 2020 amid a host of negative news.Most Read from BloombergWhy Hong Kong Is Building Apartments the Size of Parking SpacesWhere Did All the Public Bathrooms Go?Do Prisons Deserve a Second Chance?COP26 Protests: Inflatable Cows, Megaphones and a RainbowThe Rising Pacific Forces a Native Village to Move. Who Will Pay?The drumbeat of adverse headlines reached a crescendo after Elon Musk
This CEO is betting big on Bitcoin. But he's not alone.
Coinbase Global Inc. shares hit new closing highs two days in a row heading into Tuesday's quarterly earnings report, but a summer slowdown in cryptocurrency trading sent them tumbling back down in late trading.
After a spike in price following the release of its latest earnings, BioNTech (NASDAQ: BNTX) fell below the waterline on Tuesday. In a combined earnings release and corporate update, BioNTech revealed that it earned just under 6.09 billion euros ($7.05 billion), a giant leap above the less than 68 million euros ($79 million) of the same quarter last year. The reason, it nearly goes without saying by now, is sales of the Comirnaty coronavirus vaccine it developed in partnership with U.S. pharmaceutical giant Pfizer.
The clock is ticking on SoFi Technologies (SOFI). In less than 48 hours -- on Wednesday, November 10 after close of trading for the day -- the San Francisco-based fintech plans to release its financial results for fiscal Q3 2021. But not content to wait patiently for the news, Oppenheimer analyst Dominick Gabriele published his own predictions for the stock in an earnings preview. Gabriele, who rates SoFi "outperform" with a $23 price target, expects the company to deliver sales of $254 million.
Shares of The Trade Desk (NASDAQ: TTD) climbed sharply higher again on Tuesday, surging as much as 10.6%, though it ended the trading day up 9.4%. The catalyst driving the stock higher was a flurry of activity by Wall Street analysts who scrambled to update their price targets on the heels of The Trade Desk's impressive third-quarter financial results. Before the market open on Monday, The Trade Desk had delivered better-than-expected quarterly results, which came as a surprise to some investors.
PayPal was the latest payment company to disappoint investors. Despite weak performance this year, PayPal and others in the space still aren't cheap.
This past May, the Dow Jones Industrial Average (DJINDICES: ^DJI) celebrated its 125th anniversary. The Dow Jones also happens to be home to some serious value stocks. If you're looking for a smart place to put your money to work in November, the following three Dow stocks are screaming buys.
Plug Power raised its 2022 sales guidance when reporting third-quarter numbers late Tuesday. Investors initially sold the stock lower anyway.
(Bloomberg) -- Elon Musk has lost $50 billion so far this week after Tesla Inc. shares plunged for the second day in a row.Most Read from BloombergWhy Hong Kong Is Building Apartments the Size of Parking SpacesWhere Did All the Public Bathrooms Go?Do Prisons Deserve a Second Chance?COP26 Protests: Inflatable Cows, Megaphones and a RainbowThe Rising Pacific Forces a Native Village to Move. Who Will Pay?It’s the biggest two-day decline in the history of the Bloomberg Billionaires Index, and the bi
The big money pot for highways, bridges and other projects means these companies are expected to grow earnings at double-digit rates.
Shares of cruise line stock Carnival Corporation (NYSE: CCL) fell as much as 3.1% in trading on Tuesday as investors started to sell some of the stimulus driven stocks. Cruise line stocks jumped across the board after clinical trial data showed that Pfizer's (NYSE: PFE) antiviral treatment reduced the risk of hospitalization or death by 89% for adults with COVID-19. Over the long term, the challenge is that Carnival's revenue is still well below pre-pandemic levels, it's burning cash, and even if it does get back to "normal," the company has tens of billions in new debt to eventually pay off.
Yahoo Finance's Brian Sozzi discusses Roblox earnings as the company doubled its revenue and has zeroed in on the metaverse.
Shares dropped 12% Tuesday as the selloff accelerated following tweets about a potential stock sale. That seems far too pessimistic.
An ETF with stocks picked by artificial intelligence benefited from a meme stock-style explosion—something even a robot trader couldn't have predicted.
(Bloomberg) -- Nvidia Corp. shares closed modestly lower on Tuesday, erasing an initial advance that came after Chief Executive Officer Jensen Huang gave what analysts said was an upbeat address at the company’s annual technology conference.Most Read from BloombergWhy Hong Kong Is Building Apartments the Size of Parking SpacesWhere Did All the Public Bathrooms Go?Do Prisons Deserve a Second Chance?COP26 Protests: Inflatable Cows, Megaphones and a RainbowThe Rising Pacific Forces a Native Village
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