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Motley Fool

Why StoneCo Stock Is Sinking 34% Today

Shares of Brazil's digital payments technologist StoneCo (NASDAQ: STNE) sank 34% Wednesday as of 12:40 p.m. ET. Revenue of 1.47 billion Brazilian reais ($270 million) was up 57% year over year, but the fintech company reported a 1.26 billion reais ($230 million) net loss due to a write-down on fair value of investments. Stone's investment write-down is due to its investment in Banco Inter.

Motley Fool

Why Apple Stock Is Climbing on Wednesday

Shares of Apple (NASDAQ: AAPL) climbed higher on Wednesday by as much as 2.6%. The catalyst that sent the iPhone maker higher was an announcement that Apple is abandoning a longtime policy regarding repair parts. In a press release that dropped on Wednesday, Apple announced its Self Service Repair program, and said it will begin offering genuine Apple parts, tools, and manuals to consumers, letting them make repairs to their own iPhones.

Motley Fool

Why Nvidia Stock Dropped Ahead of Earnings

Shares of semiconductor specialist Nvidia (NASDAQ: NVDA) are trading 2.6% lower as of 1:40 p.m. EST Wednesday. Nvidia stock is up 125% over the past year, rising four times faster than the S&P 500 as a whole, as investors bet big on Nvidia's potential to dominate the metaverse. Tonight, investors will be looking for Nvidia to meet or beat some impressive stats.

Motley Fool

Why Novavax Stock Is Jumping Today

What happened Shares of Novavax (NASDAQ: NVAX) were jumping 8.2% as of 11:39 a.m. EST on Wednesday. The gain came after the company announced two positive developments earlier in the morning. Novavax and its partner, the Serum Institute of India, said that the Philippine Food and Drug Administration granted Emergency Use Authorization (EUA) for Novavax's COVID-19 vaccine NVX-CoV2373 with the Matrix-M adjuvant.

Motley Fool

Why Visa Stock Dropped Today

Shares of Visa (NYSE: V) fell on Tuesday after Amazon.com (NASDAQ: AMZN) told its customers they would no longer be able to pay with credit cards issued by the payment processing titan in the U.K. beginning next year. As of 3:30 p.m. ET, Visa's stock price was down more than 5%. Amazon claims that Visa's recently increased transaction processing fees are leading to higher prices for online shoppers, at a time when inflation already poses a serious threat to the economy.

Insider Monkey

Cathie Wood is Selling Tesla and 9 Other Stocks

In this article, we discuss Tesla and the 9 other stocks that Cathie Wood is selling. If you want to skip our detailed analysis of these stocks, go directly to 5 Stocks Cathie Wood is Selling. Cathie Wood leads ARK Investment Management, a New York-based fund with a portfolio value of more than $41 billion […]

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Bloomberg

Here's How Markets Might React If Biden Picks Lael Brainard as Fed Chair

(Bloomberg) -- A decision by U.S. President Joe Biden to nominate Lael Brainard as Federal Reserve chair instead of Jerome Powell could provide a narrow window of opportunity for traders in rates and foreign-exchange markets -- even if the shock wears off relatively quickly.Most Read from BloombergStartup Fever Is Gripping the World's Last Big Untapped NationWhat Designers of Video Game Cities Understand About Real CitiesElizabeth Holmes Faces Last-Ditch Chance to Testify at TrialChronically Und

Motley Fool

Why EV Stock Arrival Is Plunging 17% Today

This morning, Arrival announced the commencement of sale of 25 million shares in a secondary offering with an option for underwriters to buy another 3.75 million shares. Arrival is also issuing $200 million worth of green convertible senior notes due 2026. Investors are unhappy for two reasons: The dilutive nature of a secondary stock offering and the timing.

Motley Fool

Is C3.ai Stock a Buy?

C3.ai (NYSE: AI) has burned a lot of investors since its initial public offering (IPO) last December. The artificial intelligence software company went public at $42 per share, started trading at $100, and hit an all-time high of $183.90 right before Christmas.

Motley Fool

3 Things About Ocugen That Smart Investors Know

Ocugen (NASDAQ: OCGN) has kept investors on the edge of their seats. Earlier in the year, a deal to co-commercialize Bharat Biotech's coronavirus vaccine in the U.S. equaled a 763% gain in the share price in a matter of weeks. After all, if and when regulators give the nod to Covaxin, Ocugen shares may climb.

Bloomberg

Rivian Wipeout After Breathless Rally May Mean $15 Billion of Lost Value

(Bloomberg) -- The breathless five-day rally in Rivian Automotive Inc. came to an abrupt halt on Wednesday, wiping out over $23 billion from the newly public electric-truck maker's valuation.Most Read from BloombergStartup Fever Is Gripping the World's Last Big Untapped NationWhat Designers of Video Game Cities Understand About Real CitiesElizabeth Holmes Faces Last-Ditch Chance to Testify at TrialChronically Underfunded HBCUs Eye Scholarships in Biden BillShares of the startup, which made its t

Motley Fool

Why Sea Limited Stock Slumped Again Today

Sea Limited's (NYSE: SE) stock price slide is accelerating today. On Tuesday, shares of the Singapore-based e-commerce, payments, and online gaming company slid more than 3% after the company reported better-than-expected sales for the third quarter but a huge earnings miss. Today, that share slide is turning into an avalanche, with Sea Limited stock down another 10% as of 10:15 a.m. EST.

Motley Fool

Why Plug Power Stock Jumped 5% and Then Dropped Today

Hydrogen fuel cell company Plug Power's (NASDAQ: PLUG) share price popped by 5.1% as of 9:48 a.m. ET Wednesday morning, then gave up all of those gains and then some as concerns about rising competition countered the impact of an analyst's upgrade. As of 1 p.m. ET, Plug Power was trading down by 2.3% at around $42.10 a share. On Wednesday morning, Citi analyst P.J. Juvekar initiated a pair trade on two fuel cell stocks, going long Plug Power and short Ballard Power (NASDAQ: BLDP).

Yahoo Finance Video

Activision Blizzard employees walk out, call for CEO to resign

Wall Street Journal Technology Reporter Sarah E. Needleman joins Yahoo Finance Live to explain the mounting calls for a leadership change at video game company Activision Blizzard amid sexual misconduct allegations against CEO Bobby Kotick.