People walk through the North American Bitcoin Conference held at the James L Knight Center on January 18, 2022 in Miami, Florida. Joe Raedle | Getty Images The Luna Foundation Guard has acquired $1.5 billion in bitcoin to bolster the reserves of its most popular stablecoin, known as U.S. Terra. Stablecoins are cryptocurrencies that aim
In this article TWTR SHOP-CA Elon Musk twitter account is seen through Twitter logo in this illustration taken, April 25, 2022. Dado Ruvic | Reuters Check out the companies making headlines in midday trading Thursday: EPAM Systems — Shares jumped 10% after the computer software company posted better-than-expected results for the previous quarter. EPAM reported
Chinese electric carmaker Nio (NYSE:NIO) is again in the news. It is producing cars at its newest production facility, NeoPark, in the province of Hefei. In September, the company will release its latest model, the ET5, and has started test production at the facility, and investors are watching to see how it affects NIO stock.
With stability becoming a major concern under present volatile conditions, these high-yielding dividend stocks to buy offer much-needed comfort. Rio Tinto (RIO): Featuring a yield of nearly 12% and a relevant business, RIO deserves a long look among dividend stocks to buy. China Petroleum & Chemical (SNP): While suffering from the pandemic and severe geopolitical
Wall Street doesn’t seem to be taking the latest news about Lordstown Motors Corp. (NASDAQ:RIDE) stock well. Lordstown on Monday announced that it’s pushing back its deal to sell its Ohio factory to Hon Hai Precision Industry Co (OTCMKTS:HNHPF), which operates as Foxconn. The deal was supposed to close by April 14, but the extension
In principle, the latest development out of the Federal Reserve (Fed) bodes well for cryptocurrency miner Marathon Digital Holdings (NASDAQ:MARA). One of the biggest beneficiaries of the digital asset boom of 2021, MARA stock exceeded $76 at its peak during the new normal, a multiyear high. However, risk-off sentiment clouded the broader capital markets this
The Etsy website Gabby Jones | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Etsy — Shares of the e-commerce company plunged by more than 12% after Etsy’s revenue guidance for the second quarter came in lighter than anticipated. The company CFO also said on the earnings call that “consumers
Pfizer (PFE) stock looks cheap after reporting record results from its Covid-19 vaccine. The rest of the year should look even better as sales ramp up for its Covid-19. Investors should worry about where its new CFO invests the cash. Source: Manuel Esteban / Shutterstock.com Pfizer (NYSE:PFE) stock rose 2% after earnings beat street estimates.
These six undervalued stocks with strong consumer brands are worth buying now, given their ability to do well in a recession. The Coca-Cola Company (KO): This $275 billion stock will have steady earnings and dividends during a recession. Verizon (VZ): Telecom stocks like this will still collect their monthly mobile phone service payments during a
Investors should ignore much of the upbeat comments that have been made about Warner Bros. Discovery (NASDAQ:WBD) stock by the company and bullish analysts. For the most part, these comments have focused on how great the firm’s content is and how it can be “the next Disney (NYSE:DIS).” By focusing more on actual data and
Matterport (NASDAQ:MTTR) on April 28 announced that it is opening new sales channels and increasing customer service operations in Japan. The expansion is great to see. But until the company is on better financial footing — or the markets are less uncertain — I wouldn’t put my money in MTTR stock just yet. In its news
There’s no doubt that there’s been a rise in the popularity of marathons and their accompanying half-marathons—especially in recent years. But if you believe these events are reserved for elite athletes, think again. There’s a marathon for everyone—from people who just want to have a good time to those seeking an obstacle course. And don’t
Traders work on the floor of the New York Stock Exchange (NYSE) in New York, April 6, 2022. Brendan McDermid | Reuters How do you spell “capitulation?” F-E-A-R. That’s what this market breeds, and there has been no escape from that wild bear out for your lunch. Putting it in the starkest black and white,
In this article EAT AKAM SWKS SBUX AMD LYFT Close-up of vertical sign with logos for ride-hailing companies Uber and Lyft. Smith Collection | Gado | Getty Images Check out the companies making headlines in midday trading. Lyft — Shares of Lyft tumbled about 32% after the ride-hailing company issued disappointing guidance for the second quarter and
Popular Bank of America (NYSE:BAC) analyst Vivek Arya believes that the stellar cloud business update from Microsoft (NASDAQ:MSFT) and Alphabet (NASDAQ:GOOGL,NASDAQ:GOOG) will have a trickle-down effect on Nvidia (NASDAQ:NVDA) and NVDA stock. In his report, Arya forecasts resiliency in the cloud computing market, despite worries of a resurgence in coronavirus cases in China and other macroeconomic
The good news is that Pinterest (NYSE:PINS) stock finally bounced off its lowest point in nearly two years. Pinterest is trading up since it issued a better-than-expected earnings report. The bad news is what happens next. As much as I like Pinterest as a company and I appreciate what PINS stock brings to the table,
Twitter (NYSE:TWTR) has been volatile over the last few weeks and so has Tesla (NASDAQ:TSLA). What’s the common denominator? Elon Musk. After initially hesitating to do so, Twitter eventually agreed to a sale with Musk. A rumor that once sent TWTR stock higher by 38% in two days has actually come to fruition. Despite this,
In this article ABNB LYFT AMD SBUX MTCH SMCI AKAM The Lyft Driver Hub is seen in Los Angeles, California, U.S., March 20, 2019. Lucy Nicholson | Reuters Check out the companies making headlines after the bell: Lyft — The ridesharing stock plummeted 23% in extended trading despite reporting a beat on revenue and an
The palm oil ban in Indonesia will increase prices for alternatives including soybean oil and canola oil. Archer-Daniels Midland (ADM) will benefit as soybean oil gets a boost from Indonesia’s palm oil export bans. Bunge (BG) is attractive for many of the same reasons as ADM. An ETF like Teucrium Soybean Fund (SOYB) is a
Mullen Automotive (MULN) is short on cash and big on promises. Short sellers have targeted the stock with a devastating report. Please don’t waste your money. Source: Ringo Chiu / Shutterstock.com Mullen Automotive (NASDAQ:MULN) has most of the ingredients you look for in a pre-revenue electric vehicle (EV) company. Except for money. Mullen has an