Previous close | 52.97 |
Open | 53.05 |
Bid | 53.30 x 0 |
Ask | 53.70 x 0 |
Day's range | 53.05 - 53.05 |
52-week range | 35.15 - 56.47 |
Volume | |
Avg. volume | 9 |
Market cap | N/A |
Beta (5Y monthly) | N/A |
PE ratio (TTM) | N/A |
EPS (TTM) | N/A |
Earnings date | N/A |
Forward dividend & yield | N/A (N/A) |
Ex-dividend date | N/A |
1y target est | N/A |
On today's edition of The Morning Brief, Yahoo Finance's Seana Smith and Myles Udland cover everything from US-China economic relations to the latest moves in the artificial intelligence game. The market (^DJI, ^IXIC, ^GSPC) opened higher on Monday after all three major indexes closed last week in the green. Stocks are preparing for the Consumer Price Index's (CPI) inflation data expected on Wednesday as core CPI is projected to increase 3.6% year over year. In the latest move to develop domestic supply chains, President Biden is expected to announce new tariffs on Chinese electric vehicles this week, raising the rate to 102.5% from 27.5%, according to reports. SoftBank (SFTBY) posted a full-year profit in its Vision Fund for the first time since 2021, boosted by its investment in Arm (ARM) as the AI race heats up. SoftBank now has a 90% stake in Arm, accounting for almost half its entire portfolio. Apple (AAPL) is reportedly negotiating a deal with OpenAI to include ChatGPT on iPhones. ChatGPT is among the leading AI services, and as iPhone sales slumped last quarter, the partnership with OpenAI could be Apple's latest move to innovate the iPhone and increase sales. Lastly, GameStop (GME) shares are soaring following the return of "Roaring Kitty" to the social media platform X. Roaring Kitty played a critical role in GameStop's short squeeze back in 2021. This post was written by Melanie Riehl
The latest investor updates on stocks that are trending on Monday.
SoftBank (SFTBY, 9984.T) is getting $7.6 billion worth of T-Mobile US (TMUS) shares. It stems from a deal that was made when the SoftBank owned-Sprint was sold to T-Mobile. As part of the agreement, SoftBank would be awarded shares if T-Mobile's stock crossed a specific threshold, which is what triggered this most recent move. Yahoo Finance Live explains what it could mean for T-Mobile in the video above. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.