In this article PSTH Bill Ackman’s troubled SPAC was hit with a lawsuit Tuesday alleging the blank-check company promised “staggering compensation” to directors and asking that the entity’s special status be revoked. The plaintiffs — former Securities and Exchange Commission commissioner Robert Jackson and Yale law professor John Morley — claim that Pershing Square Tontine
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Spire CEO Peter Platzer rings the opening bell of the New York Stock Exchange (NYSE) during their listing in Manhattan, New York City, U.S., August 17, 2021. Andrew Kelly | Reuters Small satellite builder and data specialist Spire Global began trading on the New York Stock Exchange on Tuesday, becoming the latest space company to
Traders on the floor of the New York Stock Exchange, June 18, 2021. Source: NYSE Stock rotation: anti-lockdown, anti-low yields. We are halfway through the third quarter, with the S&P 500 up a respectable 3.8% in the last six weeks. Even while a lot of traders are on the beach, there are two big narratives in
Traders on the floor of the New York Stock Exchange. Source: NYSE Retail earnings have never been better, but the delta variant remains the wildcard. In theory, this is a golden moment for retailers, which begin reporting earnings this week. Consider the following: The consumer is flush. The American consumer has never had more disposable cash
Take a look at some of the biggest movers in the premarket: Sonos (SONO) – Sonos shares surged 10.6% in the premarket after an International Trade Commission judge ruled that Alphabet’s (GOOGL) Google unit had infringed on some of the high-end speaker company’s audio technology patents. The ruling could eventually lead to an import ban
In this article TSLA RKT WMT OXY FANG Shoppers walk in front of a Walmart store in San Leandro, California, U.S., on Thursday, May 13, 2021. David Paul Morris | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Sonos — Shares of the high-end speaker company jumped over 8% after
Shoppers carry bags of purchased merchandise at the King of Prussia Mall, in King of Prussia, Pennsylvania, December 8, 2018. Mark Makela | Reuters Retail sales were expected to have fallen off in July, as consumers reacted to the delta variant of Covid and held off on online and vehicle purchases. Economists expect retail sales
In this article TME RBLX PRCH WeChat mascots are displayed inside Tencent office at TIT Creativity Industry Zone in Guangzhou, China, May 9, 2017. Bobby Yip | Reuters Check out the companies making headlines in after hours trading. Tencent Music — Tencent Music shares rose roughly 1% in extended trading after the company beat on
Take a look at some of the biggest movers in the premarket: Home Depot (HD) – Shares of the home improvement retailer fell 3.2% in the premarket following its second-quarter results. Home Depot earned $4.53 per share, 9 cents a share above estimates. Revenue also topped forecasts. Comparable-store sales fell short of forecasts, however, rising
In this article WMT HD RBLX EDR ME TME A Home Depot branded bucket at a Home Depot store in Hercules, California, U.S., on Monday, Feb. 22, 2021. David Paul Morris | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Home Depot — The home improvement retailer’s shares dropped more
Last year, the pandemic sparked a global digital transformation as a large number of businesses and schools went online. Internet traffic in some countries increased by up to 60% shortly after the outbreak. These rapid technological changes resulted in considerable demand for microchips — and a shortage. Semiconductor stocks are set to benefit, as the
For years before the pandemic struck, digital transactions grew briskly. Giant financial institutions were too busy raising bank fees and offering subpar services. As e-commerce firms took market share from brick and mortar retailers, the need for digital payment systems grew. Fintech stocks are today’s darlings. Why? When the pandemic caused a sudden shutdown for
Lucid (NASDAQ:LCID) continues to be underappreciated by the market. Now that it is public, the luxury electric vehicle (EV) maker expects to start producing and delivering its sleek model Air sedan in the second half of 2021. Once that starts expect to see LCID stock move significantly higher to its inherent value. Source: ggTravelDiary /
I was recently underwater on my latest investment in Intel (NASDAQ:INTC). But rather than sell my shares of INTC stock, I doubled down. Source: JHVEPhoto / Shutterstock.com While I love my shares in Nvidia (NASDAQ:NVDA) and Taiwan Semiconductor (NYSE:TSM), I refuse to believe the conventional wisdom that Intel is a dead parrot. This is a
The world is being automated. That’s just an inevitable byproduct of technological advancement. As technology gets better and better, it eventually reaches a point where it surpasses humans at certain tasks. When that happens, companies start using the technology in place of the human, because a technology is cheaper and faster. Automation is a natural
Solar energy has become a hot investment theme. Companies in the alternative energy industry are currently on a mission to help the global economy shift away from fossil fuels toward solar energy. This transition is expected to take many years as well as trillions of dollars, creating a compelling opportunity for long-term investors. Therefore, we
Let’s talk about utility stocks. Companies that grow dividends during periods of economic expansion are very common. The more difficult endeavor is to grow the dividend during times of economic hardship. Demand often falls in many areas as consumers and companies reduce their spending in recessions. Customers tend to keep their spending to a minimum
Robinhood stocks have generally been associated with speculative buys or meme trades. That’s not inherently bad — it’s a good idea to set aside some space in your portfolio for speculative plays. Even if only one or two stocks provide multi-fold returns, those gains can positively impact the health of your overall portfolio. At the
When it comes to selecting dividend stocks to buy, investors can take their pick: high yield stocks, blue chip stocks with safe payouts, stocks with high dividend growth rates, value stocks; the list goes on. But selecting undervalued dividend stocks is particularly advantageous for a variety of reasons, not the least of which is that
As I write this, you couldn’t craft a more dichotomous circumstance for Airbnb (NASDAQ:ABNB), the popular — and to some circles, infamous — online marketplace for lodgings. Following a strong earnings report for the second quarter of 2021, ABNB stock should be flying high instead of Monday’s 2.74% decline. Source: AngieYeoh / Shutterstock.com What gives?