Stock Exchange - Financial Like (Page 31)

Finance

Valuations of U.S. companies fell more than 17% after a rate hike from the FRS

"Analysts are catching up with reality, and this is a major change in valuations for companies," said Greg Taylor, chief investment officer at Purpose Investments. According to data compiled by Bloomberg, Amazon's average earnings per share estimate for 2022 has fallen more than 50% in the

Stock Exchange

Bye, Amazon: analyst firm Wedbush removes the company's stock from its list of top ideas

Last week, the company reported worse than analysts expected, causing the stock to fall 14%. Amazon is struggling because of supply chain disruptions as well as rising wages around the world. According to analysts, the company's best years are behind it. The past decade has been an ideal

Finance

Apollo to buy $1.6 billion in Carvana bonds

Apollo has decided to invest $1.5 billion to support online retailer Carvana. That's nearly half of the company's latest bond issue. Trading in the stock was briefly suspended due to volatility.

Finance

Tesla Shares Shocked: Quotes Fall 10%

Investors are pondering how Musk will pay for his Twitter purchases. According to Bloomberg, Musk has only $2 billion in cash. Market participants assume that Musk will have to sell Tesla stock.