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Tag: Breaking News: Investing

Stocks just got some new competition from bonds as 10-year rate tops dividend yield

Stocks just got some new competition from bonds as 10-year rate tops dividend yield
Bonds have been shunned by many investors as rock-bottom rates made them unattractive relative to equities. On Thursday, the bond market may have gained an upper hand in the eyes of some investors. The 10-year Treasury yield soared more than 16 basis points to a...

Workhorse Group drops nearly 50% after EV company is passed over for USPS contract

Workhorse Group drops nearly 50% after EV company is passed over for USPS contract
Workhorse W-15 Electric Pickup Truck. Source: Workhorse Shares of Workhorse Group dropped more than 50% at one point on Tuesday after the company was passed over for a key contract from the U.S. Postal Service. Amid heightened volatility, the stock was halted multiple times during the last...

Tesla drops another 6% in premarket, bringing two-day losses to 14%

Tesla drops another 6% in premarket, bringing two-day losses to 14%
A Tesla car in London. SOPA Images | LightRocket | Getty Images Tesla's recent slide continued on Tuesday, as investors rotated out of high-flying tech names. Shares of the electric vehicle maker dipped 6% during premarket trading on Tuesday, after losing 8.55% on Monday for its biggest...

Hedge funds that hunkered down after GameStop are now missing out on market gains

Hedge funds that hunkered down after GameStop are now missing out on market gains
Pavlo Gonchar | LightRocket | Getty Images Hedge funds are still licking their wounds after a retail trading frenzy forced the industry to slash its overall exposure to stocks, leading to an underperformance in 2021. Last month, an army of retail investors who coordinated on social...

JPMorgan invests in private stock trading venue with Palantir link amid demand for pre-IPO shares

JPMorgan invests in private stock trading venue with Palantir link amid demand for pre-IPO shares
Zanbato Mountain View Office Source: Zanbato JPMorgan Chase is taking a stake in a private stock trading platform with links to Palantir to boost the bank's efforts to connect buyers and sellers of hot pre-IPO company shares, CNBC has learned. The bank's investment in Zanbato, a Mountain...

Citadel billionaire Ken Griffin defends Melvin stake against ‘an insane conspiracy theory’

Citadel billionaire Ken Griffin defends Melvin stake against 'an insane conspiracy theory'
Ken Griffin, the billionaire CEO of hedge fund Citadel, defended his $2 billion investment in short seller Gabe Plotkin's Melvin Capital last month amid the height of the GameStop mania. "No, I think Gabe Plotkin is one of the finest investors of his generation," Griffin...

Texas grid operator says it’s now under normal conditions, millions still under boil-water notice

Texas grid operator says it’s now under normal conditions, millions still under boil-water notice
A worker repairs a power line in Austin, Texas, U.S., on Wednesday, Feb. 18, 2021. Thomas Ryan Allison | Bloomberg | Getty Images The Electric Reliability Council of Texas, which is known as ERCOT and controls the majority of the state's power, said it has returned...

The second dose of Covid vaccine is needed for complete immunity, infectious disease specialist Dr. Paul Offit says

The second dose of Covid vaccine is needed for complete immunity, infectious disease specialist Dr. Paul Offit says
The second dose of Covid-19 vaccine is crucial in creating longer and complete immunity as well as preventing variants of the virus, according to Dr. Paul Offit, director of the Vaccine Education Center at Children's Hospital of Philadelphia. "We need to know that this is...

Texas outages hit water supplies as thousands struggle without power for a fourth day

Texas outages hit water supplies as thousands struggle without power for a fourth day
Propane tanks are placed in a line as people wait for the power to turn on to fill their tanks in Houston, Texas on February 17, 2021. Mark Felix | The Washington Post | Getty Images Power outages continue to plague Texas — and now neighboring...