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Elon Musk called ESG a scam – did Tesla boss do investors a favor?

Investing usually uses a combination of the head, heart, and gut even if it’s not supposed to. And there is probably no topic in the market that evokes “all the emotions” quite like ESG. This week, a big move to insulate Tesla from a closely watched Environmental, Social and Governance (ESG) index brought almost equal …

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Nvidia’s data center sales will likely outpace games – that may not be a good thing

Nvidia Corp.’s data center sales are expected to outpace game sales in its fiscal first quarter results, as demand from server farms remains high and interest in games wanes from frenetic levels earlier in the COVID-19 pandemic. Nvidia NVDA, -2.51% Financial results are due after the closing bell on Wednesday. Analysts polled by FactSet expect …

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Cathie Wood has a simple response to Tesla’s exit from the S&P 500 ESG: ‘ridiculous’

Cathy Wood wasn’t happy to dismiss one of her most famous investments, Tesla Inc. , from a prominent index that tracks environmentally and socially friendly companies. “Silly,” Wood was terse in response to the news that the S&P 500 ESG had brought down electric car maker Elon Musk’s Tesla TSLA, -6.80% of its lineup, as …

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‘Boeing management spins like a headless chicken,’ says Ryanair CEO.

Michael O’Leary, CEO of Ryanair Holdings Inc. , stormed Boeing during Monday’s earnings call, criticizing the aircraft maker’s “very poor management” and calling for a change at the top. “Right now, we believe Boeing management is roaming like a headless chicken, unable to sell planes, and then even the planes they deliver, they can’t deliver …

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Crypto investor Barry Silbert offers sympathy and advice to those who lost fortunes this week

Billionaire crypto investor Barry Silbert, founder and CEO of Cryptocurrency Group, offered sympathy and advice to those who have recently lost their fortunes. It’s been a tough six months to be an investor in cryptocurrency. Volatile markets, distressed asset prices, rising interest rate yields, and high inflation have all combined to shock the stock, bond …

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‘Nowhere to hide?’ Why stagflation fears are putting stocks on the verge of entering a bear market

It will take more than Friday’s big bounce to quell fear of a bear market in stocks as uncertainty about the Federal Reserve’s ability to control inflation without flooding the economy raises fears of stagflation – a pernicious combination of slow economic growth and persistent inflation. Recessive inflation is a “horrific environment” for investors, said …

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Beyond Meat stock drops 20% amid poor sales, heads below first-time IPO price

Beyond Meat Inc. has taken 2022 not-so-good turned ugly into a worst Wednesday with quarterly results lacking in excitement. BYND Vegan Meat Products Manufacturer, -13.83% It posted a net loss of $100.5 million, or $1.58 per share, compared to a net loss of $27.3 million, or 43 cents per share, in the same quarter last …

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Lyft stock fell 26% after expectations, racer numbers came short

Lyft Inc. says: On Tuesday, the first quarter was better than expected, with CEO Logan Green saying transfer order volumes hit “a new high for COVID,” but stocks fell after CEOs’ expectations fell short. Lyft LYFT, -2.35% Shares initially rose more than 2% after results beat most analysts’ expectations excluding passenger numbers, but then fell …

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With interest rates rising, it’s time to focus on MANG stocks instead of FAANG, according to Jefferies

With the Federal Open Market Committee meeting approaching, analysts at Jefferies on May 3 advised investors to avoid the popular FAANG + Microsoft stock group. They instead referred to a group they called MANG. We’ll compare the two groups below. FAANG GROUP – Facebook Holding Company Meta Platforms Inc. FBAnd Apple companyAnd Amazon.com Inc. AMZNAnd …

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Powell wants to bring prices closer to neutral. But what is this? Think between 5% and 6%, says former Fed chief of staff

With inflation higher than anyone expected, Fed Chair Jerome Powell has set a policy course in which the Fed will move quickly to raise its policy rate to a “more neutral level” for interest rates, possibly higher if necessary. “There is a clear need to move quickly to bring the monetary policy stance back to …

Powell wants to bring prices closer to neutral. But what is this? Think between 5% and 6%, says former Fed chief of staff Read More »