[ad_1] Brad S. Lakhia, the Executive Vice President and Chief Financial Officer of OPENLANE, Inc. (NYSE:KAR), has recently acquired shares in the company. According to a recent SEC filing, Lakhia purchased 4,985 shares of OPENLANE’s common stock on November 13, 2024, at a price of $20.06 per share. This transaction amounts to a total value of approximately $99,999. Following this acquisition, Lakhia’s direct ownership in the company increased to 14,303 shares. OPENLANE, formerly known as KAR Auction Services, Inc., is based in Carmel, Indiana. In other recent news, OPENLANE, Inc. announced the upcoming resignation of its CFO, Brad S. Lakhia,…
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[ad_1] Traders work on the New York Stock Exchange floor on November 12, 2024 in New York City.Source: NYSEStocks tumbled on Friday as the postelection rally fizzled, placing the major averages on track for sharp weekly losses.The Dow Jones Industrial Average lost 292 points, or 0.68%. S&P 500 slipped about 1.1%, while Nasdaq Composite shed 2%.Pharmaceutical stocks were under pressure after incoming President Donald Trump said he planned to nominate Robert F. Kennedy Jr. to lead the U.S. Department Health and Human Services. The SPDR S&P Biotech ETF (XBI) fell more than 4% and was on pace to register its…
[ad_1] By Sinéad Carew (Reuters) – Shares in Palantir Technologies Inc (PLTR) were up more than 6% on Friday, hitting a record high, after it announced late on Thursday that it would list on the Nasdaq and expects eligibility to join the Nasdaq 100 index. The data analytics software company said it would switch its stock listing from the New York Stock Exchange and begin trading on Nasdaq on Nov. 26. If it is included in the Nasdaq 100 index, this would mean that “anyone who uses the Nasdaq index as their benchmark will have to buy PLTR,” said Kenny…
[ad_1] Image source: Getty Images The S&P 500 has been on fire in recent years. Since bottoming out in March 2020 during the pandemic, the index has returned an astonishing 158% (not including dividends). There have been many reasons for this surge, ranging from artificial intelligence (AI) excitement and falling interest rates to bullishness about the US election result. The S&P 500 is now into the third year of its current bull market. However, valuations have become stretched and an increasing number of market watchers are starting to sound the alarm. Given all this, would it be sheer madness for…
[ad_1] pio3 / Shutterstock.com Commitment to Our Readers GOBankingRates’ editorial team is committed to bringing you unbiased reviews and information. We use data-driven methodologies to evaluate financial products and services – our reviews and ratings are not influenced by advertisers. You can read more about our editorial guidelines and our products and services review methodology. 20 YearsHelping You Live Richer Trusted by Millions of Readers Apple has been among the most successful technology companies over the past two decades. With a market cap of more than $3.38 trillion, they’re also one of the most valuable publicly-traded companies. While there is…
[ad_1] In a challenging market environment, Wayfair Inc (NYSE:). stock has reached a new 52-week low, dipping to $37.42. The home goods e-commerce giant has faced a tumultuous year, with its stock price reflecting a significant downturn of -18.24% over the past year. Investors have shown concern as the company navigates through a period of economic uncertainty, which has seen consumer spending habits shift and competition in the online retail space intensify. The 52-week low marks a critical point for Wayfair, as it seeks to adapt its strategy and regain its footing in the evolving market landscape. In other recent…
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[ad_1] Investing.com — In a note to clients Friday, Jefferies analysts outlined the potential impact of increased tariffs on Apple (NASDAQ:)’s iPhone if former President Donald Trump reintroduces higher trade barriers during a possible second term. While Apple has made efforts to diversify its production beyond China, the firm said the company remains heavily reliant on the region, leaving it vulnerable to proposed tariffs. According to Jefferies, “Trump may raise tariffs on Chinese imports to 60% and elsewhere to 10%.” Although Apple was exempt from tariffs during Trump’s previous term, analysts warn this may not happen again. With only 10% of…
[ad_1] The 2026 Porsche 911 GT3 RS is poised to make a significant impact in high-performance sports cars, debuting with an impressive 518 horsepower. This latest iteration of the GT3 RS continues Porsche’s tradition of pushing the boundaries of automotive engineering, delivering a car that is both a marvel of modern technology and a nod to the brand’s storied racing heritage. At the heart of the 2026 GT3 RS is a naturally aspirated 4.0 liter flat six engine. This powerplant is a testament to Porsche’s commitment to maintaining the purity of a naturally aspirated engine, which has become increasingly rare…
[ad_1] US stocks fell on Friday, on track for weekly losses as investors absorbed Chair Jerome Powell’s signal that the Federal Reserve won’t hurry to make interest-rate cuts. The S&P 500 (^GSPC) dropped over 0.6%, while the Dow Jones Industrial Average (^DJI) slid roughly 0.4%. The tech-heavy Nasdaq Composite (^IXIC) led declines, falling 0.9%. Powell’s hawkish comments are casting a pall on markets as the initial optimism for President-elect Donald Trump’s policies starts to wear off. The S&P has already reversed one-third of its post-election rally, and the Nasdaq is poised for a weekly loss of around 1%. Retail sales…