Month: October 2021

Inflation and supply issues are among the buzziest words on Wall Street as the third-quarter earnings reporting season approaches, with investors waiting to see which companies were the best at managing surging cost pressures and shipping disruptions. UBS strategists believe one of the best ways to deal with these headwinds is for a company to
0 Comments
SmileDirectClub (NASDAQ:SDC) is all about straightening teeth using a telehealth approach by selling its teeth aligners directly online. But after looking at the company’s lousy Q2 earnings release, there wasn’t much to smile about. In effect, SDC stock will likely tread water until SmileDirectClub becomes profitable. Source: Thamyris Salgueiro / Shutterstock.com This is nothing new
0 Comments
Facebook Inc. (FB), the world’s largest social networking website, was founded by CEO Mark Zuckerberg and several Harvard College roommates in 2004. The company’s name initially was FaceMash, which was changed to TheFacebook, eventually dropping “The” from its name to become, simply, Facebook. Zuckerberg and his co-founders initially launched the service for their Harvard classmates,
0 Comments
Take a look at some of the biggest movers in the premarket: Lordstown Motors (RIDE) – The electric truck maker was downgraded to “underweight” from “equal-weight” at Morgan Stanley, which notes that the recently announced sale of Lordstown’s Ohio plant to Foxconn values the plant at less than a fifth of prior estimates. Lordstown tumbled
0 Comments
U.S. stock futures tumbled on Wednesday, with notable pressure ahead for the technology sector and rising bond yields in focus, while investors also waited for private-sector payrolls data. How are stock-index futures trading? Dow Jones Industrial Average futures YM00, -0.99% fell over 300 points, or 1%, to 33,833 S&P 500 futures ES00, -1.17% dropped 1.2%
0 Comments
David McDonough, founder and CEO of Commonstock Commonstock A new social network is betting that enthusiastic retail traders are here to stay and that they want more transparency than what’s offered on Reddit.  Commonstock is a social media platform for talking about trades and financial markets. It features a Twitter-like news feed, with users ranking
0 Comments
Editor’s note: Below you’ll find the week 58 release of the NYC Recovery Index, originally published September 28, 2021. Visit the NYC Recovery index homepage for the latest data. New York City’s economic recovery index experienced a slight increase the week of Sept. 18, rising from an overall score of 71 to 72 after falling
0 Comments
In this article SWX NKE NFLX Seen through a store window, a Nike employee stands in the entryway of the Nike SoHo store in New York City. Drew Angerer | Getty Images Check out the companies making headlines in midday trading. Facebook, Amazon, Apple – Shares of major technology companies led Tuesday’s market rebound. Facebook shares rose
0 Comments
They call it FUD: fear, uncertainty and doubt. Based in China, ride-hailing giant Didi Global (NYSE:DIDI) has its fair share of problems, I’ll admit. But there’s also plenty of FUD surrounding DIDI stock. Source: Piotr Swat / Shutterstock.com For example, reports recently circulated claiming that China’s Beijing city government advised state-owned companies to invest in the
0 Comments