WWE body slams Wall Street’s forecasts

World Wrestling Entertainment Inc. easily beat Wall Street forecasts for first-quarter adjusted profit. 
 

WWE, as the media and entertainment company focused on wrestling is called, also reported net income of $43.8 million for the period, up from $26.2 million. 

Earnings were up to 51 cents from 31 cents on a per-share basis. Profit following adjustments also amounted to 51 cents a share. 

Ticker Security Last Change Change %
WWE WORLD WRESTLING ENTERTAINMENT, INC. 54.23 -1.99 -3.54%

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Revenue fell to $263.5 million from $291 million. The company

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3 Hypergrowth Stocks With 44% to 80% Upside, According to Wall Street

Over the long run, there’s arguably no greater wealth creator on the planet than the stock market. For the past 41 years, through the dot-com bubble, Great Recession, and now, coronavirus crash, the broad-based S&P 500 has averaged an annual total return, including dividends, of more than 10%. Put another way, investors in S&P 500 tracking indexes are doubling their money about every seven years, inclusive of reinvestment.

It doesn’t matter whether the market is in the midst of a sell-off or is hitting new all-time highs. There are always bargains to be found, at least according to Wall Street.

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Wall Street Opens Mixed on Partial Rebound from Tax Shock; Dow Down 50 Pts

By Geoffrey Smith 

Investing.com — U.S. stock markets opened mixed on Friday, regaining some composure after its heaviest fall in weeks in response to reports of a looming hike in capital gains taxes.

A report by Bloomberg indicated that President Joe Biden is planning to raise the marginal rate of capital gains tax to around 40% from a base rate of 20% currently, aiming to raise revenue for a swatch of social spending projects.

The rise would reverse a major element of President Donald Trump’s tax cuts in 2017 and creates an obvious incentive for stock investors to realize gains

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Wall Street sees long road ahead as Intel seeks to regain market share

By Akanksha Rana and Eva Mathews

(Reuters) – Intel Corp’s shares fell 7% on Friday as Wall Street analysts raised concerns about how soon the chipmaker can close the gap with rivals as it spends billions of dollars to increase manufacturing.

In recent years, Intel has struggled with building new manufacturing technology causing it to fall behind rivals Advanced Micro Devices Inc and Nvidia Corp in the race to make smaller chips with a faster processing speed.

Patrick Gelsinger, who returned to the company as CEO this year, has announced plans to spend as much as $20 billion to build

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Wall Street rallies on strong economic data; tech in focus

(Reuters) -U.S. stocks rallied on Friday, driving the S&P 500 to a near-record closing high, after factory data and new home sales underscored a booming economy while megacap stocks rose in anticipation of strong earnings reports next week.

The bounceback follows a sell-off on Thursday when reports that U.S. President Joe Biden plans to almost double the capital gains tax spooked investors. Analysts dismissed the slide as a knee-jerk reaction and pointed to the strong outlook.

As the three major Wall Street indexes surged, the CBOE market volatility or “fear” index plunged almost 10% in a sign of tumbling investor

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Wall Street stocks close bumpy week on a high

Wall Street closed the week largely flat following a bumpy five days during which investors debated whether there was enough good news on the horizon to push stocks higher.

The S&P 500 index ended Friday up 1.1 per cent in New York, after closing 0.9 per cent lower in the previous session following reports that the Biden administration would raise capital gains tax for wealthy individuals.

The blue-chip index has gained almost 30 per cent since November, after global drugmakers announced effective coronavirus vaccines and US president Joe Biden’s $1.9tn stimulus programme put money into people’s pockets, sparking an economic

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Wall Street stocks turn lower on reports of Joe Biden’s tax rise

Wall Street stocks turned lower following reports that US president Joe Biden planned to raise capital gains tax for wealthy individuals.

The S&P 500 index gave up morning increases and closed the trading day down 0.9 per cent following a Bloomberg report stating that people earning more than $1m would pay a capital gains rate of 39.6 per cent, up from 20 per cent. The tech-heavy Nasdaq Composite followed the blue-chip benchmark lower, falling 0.9 per cent.

The trading day shaped out to the S&P 500’s worst session in about a month, reversing a markets rally that has prioritised euphoric

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Chipotle stuns Wall Street with quesadilla-fueled earnings win

CNBC.com’s Pippa Stevens brings you the day’s top business news headlines. On today’s show, Kate Rogers breaks down Chipotle’s blockbuster first quarter and massive digital sales growth. Plus, Eunice Yoon is on the ground in Shanghai testing out China’s new digital currency.

Dow closes more than 300 points lower following reports of Biden eyeing capital gains tax hike

U.S stocks reversed lower in a swift fashion on Thursday after reports that President Joe Biden is slated to propose much higher capital gains taxes for the rich.

The Dow Jones Industrial Average dropped 321.41 points, or 1%, to 33,815.90. At its

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How Reddit meme stocks like Gamestop and AMC changed Wall Street

The GameStop frenzy in late January forced Wall Street to pay attention to retail investors like never before.

The r/WallStreetBets community piled into the video game retailer’s stock and options, triggering a short squeeze and leaving short sellers with huge losses.

In the aftermath, Wall Street and news outlets dove deep into subreddit to understand how this happened. WallStreetBets’ unique mix of self-deprecating, camaraderie and tongue-in-cheek humor captured and identified with the American public.

“In the way they define themselves, they are setting up ‘this is who we are’ and that can bring people in,” College of Charleston communication professor

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