Social commerce platform operator Poshmark (NASDAQ:POSH) is a popular destination for shoppers to buy and sell second-hand products, or even hold virtual shopping parties. It’s an interesting business model, and while some folks don’t have POSH stock on their radar, perhaps they ought to. Source: NYC Russ / Shutterstock.com After all, as reported earlier this year
Sofi Technologies (NASDAQ:SOFI) posted excellent second-quarter revenue and earnings on Aug. 12. This was its first quarterly report since SOFI stock went public via a special purpose acquisition company (SPAC) reverse merger. Source: rafapress / Shutterstock.com Sofi now has an $11 billion market valuation but has yet to make a profit for its shareholders. As
It’s supposed to be “off season” in Washington D.C. right now. But, as opposed to taking advantage of their recess, legislators are moving forward with passing some hefty bills and budget plans. I’m talking, of course, about the $1 trillion infrastructure bill and $3.5 trillion 2022 budget plan. Both plans have passed the Senate, and
United Launch Alliance (ULA) CEO Tory Bruno at the rollout of the Atlas V 541 rocket that would launch NASA’s Mars Perseverance rover and Ingenuity helicopter on July 28, 2020. Ben Smegelsky | NASA Rocket builder United Launch Alliance, the joint venture of Boeing and Lockheed Martin, will require all employees to receive vaccinations against
Elon Musk’s SpaceX revealed new details about plans for the next-generation of satellites in its Starlink internet system in federal filings on Wednesday, including that the company intends to use its massive Starship rocket as the primary vehicle to deliver the spacecraft to orbit. SpaceX filed an amendment with the Federal Communications Commission that included
A pedestrian passes in front of a Charles Schwab Corp. bank branch in downtown Chicago, Illinois. Christopher Dilts | Bloomberg | Getty Images Brokerage Charles Schwab is giving most of its employees a special 5% pay raise as record stock market levels propel the industry’s earnings. CEO Walt Bettinger said Thursday in a press release
In this article WFC NVDA CSCO HOOD People wait in line for t-shirts at a pop-up kiosk for the online brokerage Robinhood along Wall Street after the company went public with an IPO earlier in the day on July 29, 2021 in New York City. Spencer Platt | Getty Images Check out the companies making
In this article HOOD BJ WOOF TPR KSS M Check out the companies making headlines before the bell: Macy’s (M) – The retailer reported adjusted quarterly earnings of $1.29 per share, well above the 19 cents consensus estimate, with revenue also above forecasts. Macy’s reported a better-than-expected increase in comparable-store sales, raised its annual sales
In this article NVDA BJ KSS VSCO BBWI The Macy’s Inc. logo is displayed on a monitor at the New York Stock Exchange (NYSE) in New York, U.S., on Monday, Feb. 22, 2016. Michael Nagle | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Macy’s — The retail giant saw
Tesla (NASDAQ:TSLA) is back in the news again — but for all the wrong reasons. Earlier this week, the National Highway Traffic Safety Administration (NHSTA) opened a formal safety probe into the company’s driver assistance system Autopilot after a series of crashes at emergency scenes. The probe is the latest evidence that U.S. authorities are
The tired old joke in the wine industry is: how do you make a million dollars in the wine industry? You start with $10 million. It’s a notoriously difficult business fraught with complex issues involving farming, weather, distribution, complex regulation, retailing, consumer tastes and much more. Source: TonelsonProductions / Shutterstock.com Although there has been a
While the pandemic meant a setback for a number of sectors, digitalization grew apace — increasing the need for software and cloud services. In turn, the demand for cloud computing industry should grow further as more businesses adapt to work-from-home. And thus, software and cloud stocks should be hot options for investors. Overall, shares of
On Aug. 18, Nano Dimension (NASDAQ:NMDM) issued its second-quarter earnings, indicating it had $1.397 billion in cash on its balance sheet. But based on my calculations, using info from the release, NNDM stock now has a market value of $1.537 billion. This is $140.087 million or just $10% over its cash balance. It might possibly
Hyliion Holdings Corp. (NYSE:HYLN) stock is down 51% so far in 2021, consistent with my pessimistic position on SPACs: enthusiasm for businesses with poor fundamentals leads to a short-term rise of the stock, which soon deflates when reality kicks in. Source: Hyliion media I have said many times that I do not like SPACs, as
For the quarter ending May 1, 2021, GameStop (NYSE:GME) was able to reduce its total store count by 12% year-over-year (YoY), according to its first-quarter earnings release. As a result, the company’s losses fell from $165.1 million or $2.65 per share last year to just $66.8 million or $1.01 per share this quarter. This is
As a property owner in the United States, then you’re no stranger to the concept of property taxes. Largely considered a necessity at the local and county level to keep operations running, these taxes most commonly deal with real estate. Though it’s everyone’s responsibility to pay their share of taxes, there are legal methods that
Analysts still don’t seem to understand Tesla (NASDAQ:TSLA), the electric vehicle (EV) and battery maker. This is despite the fact that it is close to bringing online two new plants, one in Germany and the other in Austin, Texas. As production ramps up to meet demand, TSLA stock is bound to rise further, even though
There’s no denying it: online entertainment platform Roblox (NYSE:RBLX) hasn’t dazzled its investors this year, so far. Unfortunately, RBLX stock is down from its peak price from June. Source: Katya Rekina/ Shutterstock.com But then, maybe it’s just a chance to add to one’s position, or start a new one. Before doing that, though, it’s important to
No matter what business it’s been in — smartphones, enterprise software, messaging or embedded automotive software — BlackBerry Ltd. (NYSE:BB) has worked hard to craft an identity around security. However, BB stock was in the headlines on Tuesday when it was announced that a security flaw had been found in its QNX software. Source: Shutterstock
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