Oversold global stocks that analysts think are ripe for a rebound

Market watchers have been reluctant to call the bottom on the sell-off in global stocks this year, but some assets are now looking oversold – and could be ripe for a bounce. The stock market has tumbled into a bear market in the first half of this year amid fears that an overly aggressive rate … Read more

Fanatics is in talks to buy sports betting company Tipico, sources say

Michael Rubin arrives at the 2019 Fanatics Super Bowl Party on Saturday, Feb. 2, 2019, in Atlanta. Paul R. Giunta | Invision | AP Fanatics, the sports merchandising company, is in talks to acquire sports betting company Tipico, according to two people familiar with the matter. A deal has not yet been reached, and the … Read more

5 things to know before the stock market opens Tuesday, June 21

Here are the most important news, trends and analysis that investors need to start their trading day: 1. Wall Street set to bounce after S&P 500’s worst seek since 2020 The sign for Wall Street is seen with US flags outside the New York Stock Exchange. Yuki Iwamura | Afp | Getty Images Dow futures … Read more

Elon Musk clarifies Tesla layoffs after ex-employees sue company

Tesla CEO Elon Musk. Patrick Pleul | AFP | Getty Images Elon Musk has sought to clarify how many Tesla workers will lose their jobs, following the launch of a lawsuit by former employees who claim the automaker breached US labor laws. Speaking at an event hosted by Bloomberg Tuesday, Musk said Tesla would reduce … Read more

Celsius asks users for more time to fix issues after withdrawal freeze

Celsius CEO Alex Mashinsky. Piaras Ó Mídheach | Sports file for Web Summit | Getty Images Embattled cryptocurrency lending firm Celsius has asked users to give it more time to stabilize liquidity and operations after the market downturn caused the firm to freeze withdrawals for its customers. The cryptocurrency market has seen billions of dollars … Read more

AI software called DALL-E turns your words into pictures

The DALL-E Mini software from a group of open-source developers is not perfect, but sometimes it does effectively come up with pictures that match people’s text descriptions. Screenshot In scrolling through your social media feeds of late, there’s a good chance you’ve noticed illustrations accompanied by captions. They’re popular now. The pictures you’re seeing are … Read more

After another big weekly loss, assessing whether stocks are cheap and a buying opportunity is near

Stocks are emphatically on sale, but are they cheap? Markdowns are not always the same as bargains. Much depends on the original price and quality of the goods. And even with last week’s price drops on Wall Street, it’s tough to say yet that the market is broadly cheap. But value seems to be emerging … Read more

Elon Musk had a bad week at Tesla, SpaceX and Twitter

Elon Musk pauses and looks down as he speaks during a press conference at SpaceX’s Starbase facility near Boca Chica Village in South Texas on February 10, 2022. Jim Watson | AFP | Getty Images In what’s been a particularly eventful year for Elon Musk, this was a decidedly rough week. Tesla’s stock, which has … Read more

Stocks making big moves midday: FedEx, Continental Resources, Oracle

Check out the companies making headlines in midday trading. Continental Resources – Shares soared 14% after the shale company announced an all-cash buyout proposal from the family trust of billionaire founder Harold Hamm. Continental Resources said it’s yet to review the offer that would take the company private in a $ 25.4 billion deal. FedEx … Read more

Continental Resources, Oracle, National Vision and more

Take a look at some of the biggest movers in the premarket: Continental Resources (CLR) – The oil and natural gas producer’s stock rallied 7.4% in the premarket after receiving a $ 70 per share “take private” bid from Chairman Harold Hamm and his family. The company’s board will establish an independent committee to evaluate … Read more