The stock market often makes big moves based on short-term news. When Jerome Powell mentions that interest rates may continue to rise to combat inflation, the Dow and Nasdaq generally drop -- unless they don't because people expected worse or assume that the news was already priced into the market.It's an inexact science where people make reactionary moves that send markets up or down based on some sort of prevailing wisdom. Basically, people take short-term news and conflate it to have long-term meaning.The media -- of which I have been a member for roughly 30 years -- do not generally help calm the short-term hysteria.People don't get paid to go on cable-news channels to express reasoned long-term opinions. They're supposed to fire off hot takes, which make it seem as if the Fed's rate m

BEIJING, Sept 13 (Reuters) - China fired a fresh regulatory shot at its tech giants on Monday, telling them to end a long-standing practice of blocking each other's links on their sites or face consequences.The comments, made by the Ministry of Industry and Information Technology (MIIT) at a news briefing, mark the latest step in Beijing's broad regulatory crackdown that has ensnared sectors from technology to education and property and wiped billions of dollars off the market value of some of the country's largest companies.China's internet is dominated by a handful of technology giants which have historically blocked links and services by rivals on their platforms.Restricting normal access to internet links without proper reason "affects the user experience, damages the rights of users a

Airbnb stock has dazzled investors since its Nasdaq debut in December. From its initial public offering price of $68 per share, ABNB stock soared 223%, hitting an all-time high of 219.94 on Feb. 11.Amid growing concern over how the delta variant of Covid-19 could affect people's travel plans, Airbnb (ABNB) endured another steep slide in July. However, shares are moving bullishly again. On Aug. 24, shares ramped up 10% to a three-month high in blistering volume — a sign that institutional investors are possibly loading up on shares. Almost 21 million shares exchanged hands, more than triple its average turnover over the past 50 sessions.Since then, the stock has turned in three straight solid weekly gains, hitting levels last seen in May.

" Will You Enter APPLE ? " What You should Know Why APPLE Declines "Apple Loses $85 Billion in Value After App Store Ruling(Bloomberg) -- Apple Inc. shares suffered their steepest selloff in months on Friday after a federal judge ordered the company to change the way it operates its App Store, which would hurt the profitability of that business unit.The stock fell 3.3%, its biggest decline since May 4, erasing about $85 billion from the iPhone maker’s market capitalization. The size of the loss is bigger than all but 98 components of the S&P 500 Index.A federal judge granted an injunction sought by Epic Games Inc. which would allow developers to steer consumers outside payment methods for mobile apps. It also ordered the game maker to pay damages to Apple for breach of contract.Friday’

Investors who took short positions in Tesla stock have made an $11.5 billion profit so far this year, according to Wall Street analytics firm S3 Partners, as Tesla shares lost about half their value. That’s a nearly 60% return on the $19.6 billion invested in short positions on Tesla this year. And it’s a nearly 180-degree reversal in how they did in 2021, when their short positions resulted in a combined $10.3 billion loss, after Tesla shares rose 50%. And let’s not forget the $40.7 billion loss short sellers suffered in 2020, when shares of Tesla climbed 743%. The problems for Tesla stock, and the gains for short sellers, actually began about a year ago. “Since its recent high of $409.97 a share on November 4, 2021, Tesla shorts are up $16.3 billion,” said Ihor Dusaniwsky, managing direc

Friday, another round of jaw-dropping stock sell-offs after earnings announcements hit the tape, when Roku (ROKU) stock plunged 23% and DraftKings (DKNG) cratered 22% — the second-worst one-day performance for both stocks. Nightmare earnings reactions have been a theme this quarter, as investors seize on concerns over slowing growth prospects for companies over a wide range of industries.Combined with an increasingly hawkish Federal Reserve and a potential land war in Europe, investors are facing a perfect storm of headwinds. Yet earnings is still the engine for appreciation of the U.S. equity capital markets. Yahoo Finance crunched the numbers — peering into the S&P 500 components as well as the top Yahoo Finance trending tickers over the last year — to find the biggest one-day perfor

Tesla's largest-ever decline has short sellers sitting on $15 billion in profits: Tesla stock fell another 8.8% on Thursday, bringing its year-to-date losses to 64%. With this decline, more than $800 billion in market capitalization has been erased from the electric carmaker. The current 69.7% drawdown from its most recent high reached in late 2021 is the largest in Tesla's corporate history. And this slide has been good news to short-sellers. Data from S3 Partners published Thursday showed that through Wednesday's close, Tesla was the year's most profitable short — or stock traders were betting against — with mark-to-market profits totaling $15.03 billion so far this year. And these figures don't reflect Thursday's decline. "In December, TSLA shorts are up $4.54 billion in month-to-date m

Stocks took a nosedive on Friday after Federal Reserve Chair Jerome Powell gave every indication that the central bank would continue raising interest rates to combat inflation.Investors with a weak stomach for volatility may be wondering if its better to stay in cash during these volatile markets. In continuation of our series, "What to do in a bear market," Yahoo Finance asked the experts if holding cash is wise given how inflation eats away at savings.Do you recommend holding cash during these volatile markets, even with levels of high inflation?“Even with these volatile markets coupled with high inflation, we believe investors should stay invested. Cash is difficult to perfectly time, since the market is difficult to perfectly time," Greg Bassuk, CEO of AXS Investments in New York, tol

Speculators' love of wagering on Tesla Inc. has propelled Elon Musk's electric-vehicle maker into one of the hottest stock-option trades on Wall Street. Friday was the busiest day on record for Tesla traders: 7.2 million contracts were exchanged, according to Cboe Global Markets data, breaking the previous record of 5.2 million contracts set earlier this month and accounting for nearly 13% of all options trading. Activity in Tesla options has surged in recent months. Nearly three million contracts now change hands on an average day, up from 1.5 million a year ago and more than any other stock. Only wagers on the SPDR S&P 500 ETF outpace those on Tesla. On Friday, traders cashed out of bets that Tesla shares would breach $175 by the end of the day, taking advantage of a burgeoning trend

Google: $2B Deal To Seal Its Move For NFL Sunday Alphabet Inc. (NASDAQ: GOOG, NASDAQ: GOOGL) ("Google") rode its way to the NFL with a significant deal. Accordingly, YouTube will pay about $2B per year for the NFL Sunday Ticket franchise, reportedly for seven years. Google won it under the noses of Apple Inc. (AAPL), who reportedly ended discussions as NYT indicated the Cupertino company "became skeptical that the Sunday Ticket package was worth what the NFL was seeking." Apple already has its Major League Baseball deal, while Amazon.com, Inc. (AMZN) secured its rights to Thursday Night Football. Accordingly, Insider reported that Amazon "has been happy" with its Thursday Night Football performance. Therefore, it could have spurred YouTube into shelling out a relatively high $2B

U.S. stocks finished higher on Wednesday after an indecisive trading session that saw the major averages spend time on both sides of the flatline throughout the day.When the closing bell rang on Wall Street, the S&P 500 was up 0.3%, the Dow up 0.1%, and the tech-heavy Nasdaq higher by 0.7%.This more muted action followed Tuesday's wipeout, which saw the Nasdaq fall more than 5% during the stock market's worst day since June 2020. Tuesday's drop came after after hotter-than-expected inflation data for August likely clinched another 0.75% rate hike from the Fed this month.The Consumer Price Index (CPI) for August showed consumer prices rose 0.1% over the prior month and 8.3% over the prior year last month, beating expectations for a month-on-month decline and an 8.1% rise over last year.

China’s economic output set to lag the rest of Asia for the first time since 1990, a World Bank forecast indicates.Li Auto shares rise over 3.5% in opening trade.Hong Kong stocks opened mixed on Tuesday, with the benchmark Hang Seng Index edging 0.05% lower and investors searching for cues, as global markets continued to bleed in the aftermath of the U.S. Federal Reserve’s aggressive rate hike and projections.China’s economic output is set to lag the rest of Asia for the first time since 1990, according to new World Bank forecasts, reported FT. The World Bank has revised its forecast for China’s gross domestic product growth to 2.8% against 8.1% last year, and down from its forecast made in April of between 4% and 5%, the report said.Company News: EV-maker Li Auto said it now expects to de

A gauge of Asian shares fell as continuing concerns over the health of US banks snapped a four-day winning streak on Wall Street. New Zealand’s dollar rose after the central bank raised interest rates by more than expected. MSCI Inc.’s regional benchmark was set to end a six-day rally as it slipped about 0.4%, with finance stocks among the worst performers Wednesday. Contracts for US equities steadied after the S&P 500 dropped 0.6%. Chinese markets are closed for a holiday. The greenback weakened against most Group-of-10 currencies, with the New Zealand and Australian dollars leading the gains. New Zealand’s currency advanced to the highest level since mid-February after an unexpected 50-basis-point interest-rate hike from the central bank. The government bonds rose. Investors are also

Zuckerberg to testify in U.S. case against Facebook's virtual reality deal. (Reuters) - Meta Platforms Inc Chief Executive Officer Mark Zuckerberg will testify in a case by the Federal Trade Commission (FTC) that argues the company's proposed deal to buy virtual reality (VR) content maker Within Unlimited should be blocked. In a court document filed with U.S. District Court Northern District Of California on Friday, the FTC listed 18 witnesses it plans to question, including Zuckerberg, Within CEO Chris Milk and Meta Chief Technology Officer Andrew Bosworth. They were also on a list of witnesses submitted on Friday by defendants Meta and Within.