Oil prices have continued to slide, taking wholesale and retail gas prices with them. The latest losses accelerated following U.S. data showing crude and gasoline stockpiles unexpectedly surged last week, and OPEC+ said it would raise its oil output target by 100,000 barrels per day. Light sweet crude fell nearly 4% to just above $90 per
admin
The 30-year fixed-rate mortgage averaged 4.99% as of August 4, according to data released by Freddie Mac on Thursday. That’s down 31 basis points from the previous week — one basis point is equal to one hundredth of a percentage point, or 1% of 1%. Rates have dipped below 5% for the first time since April. The
In this article MRNA EA GILD A customer walks towards the entrance of a CVS Health Corp. store in downtown Los Angeles, California, U.S., on Friday, Oct. 27, 2017. Christopher Lee | Bloomberg | Getty Images Check out the companies making headlines in midday trading Wednesday. Gilead Sciences — Shares of the biopharma company rose
[embedded content] A new revolution is brewing in the automotive market. And the types of EV stocks you buy will depend entirely on a brand-new, underrated megatrend in the electric car industry: The Great EV Consolidation. In short, the number of electric vehicle companies will dramatically shrink over the next few years, not unlike that
Headquartered in San Francisco, Lyft (NASDAQ:LYFT) is an American ride-share business. Not only is the company reducing its workforce, but Lyft is also shutting down its business segment that rents cars to riders. Plus, an analyst recently provided a warning about LYFT stock as inflation-related headwinds could weigh on the company’s bottom line. Inflation is a concern
If you own a house or plan to buy one, you may wonder what the difference is between a home warranty and home insurance. After all, both safeguard your investment—and your pocketbook—if something goes wrong. Still, home warranties and home insurance policies offer distinct types of protection. Knowing what each one covers can help you
WASHINGTON — Two top lawyers who worked in the White House under former President Donald Trump have been subpoenaed to appear before a federal grand jury investigating the events leading up to the Jan. 6, 2021, attack on the Capitol, people familiar with the matter said, in the latest sign that the Justice Department’s probe is entering
Tracey Ryniec and Kevin Cook take a look at two highly ranked pot stocks. Innovative Industrial Properties: https://www.zacks.com/stock/quote/IIPR?cid=CS-YOUTUBE-FT-VID GW Pharmaceuticals: https://www.zacks.com/stock/quote/GWPH?cid=CS-YOUTUBE-FT-VID Follow us on StockTwits: http://stocktwits.com/ZacksResearch Follow us on Twitter: https://twitter.com/ZacksResearch Like us on Facebook: https://www.facebook.com/ZacksInvestmentResearch
Check out the companies making headlines before the bell: CVS Health (CVS) – The drug store operator and pharmacy benefits manager saw its shares rise 3.8% in the premarket after beating top- and bottom-line estimates and raising its full-year earnings forecast. Results were helped by strong sales of over-the-counter Covid-19 tests as well as an
Source: DesignRage / Shutterstock Last week, the U.S government confirmed what a lot of us already presumed. We are in a technical recession. Oddly enough, it’s also confirmation of another simple but powerful fact. Now is the best time ever to buy stocks for huge, rapid gains! Yes, I know how strange that sounds. It’s
Macroeconomic headwinds continue to weigh on fintech stocks, and PayPal (NASDAQ:PYPL) is no exception. However, a recent development is helping to renew interest in this digital-first provider of payment solutions and other financial services. Activist hedge fund Elliott Investment Management is building a stake in PYPL stock. Per news reports, Elliott’s plan is to push
Shares of Robinhood Markets (HOOD) tumbled 2% after the company released earnings a day earlier than expected and announced it would cut 23% of its workforce. The job cuts mark the second round of layoffs for the brokerage as the company continues to get slammed from a sharp slowdown in customer trading activity. Robinhood’s stock price is down over
Oil futures moved higher Wednesday as news reports said the Organization of the Petroleum Exporting Countries its allies will approve a small output increase that’s seen as largely symbolic. Price action West Texas Intermediate crude for September delivery CL.1, +0.13% CL00, +0.13% CLU22, +0.13% rose $1.57, or 1.7%, at $95.99 a barrel on the New
A sign is posted outside of the PayPal headquarters in San Jose, California. Justin Sullivan | Getty Images Check out the companies making headlines in extended trading. Match Group — Shares of the dating app operator tumbled as much as 23% after the company reported revenue of $795 million for the second quarter, compared with
[embedded content] All over the world, we’re hitting new hottest-on-record temperatures. And it’s really straining the energy grid. And we need to reinvent the wheel on how we produce, store, and distribute energy. More people than ever are using more energy than ever, so we are in dire need of solutions. I believe they don’t
[Editor’s note: “4 EV Stocks to Sell Before the Great EV Consolidation Kills Them” was previously published in June 2022. It has since been updated to include the most relevant information available.] Back in June, reports of electric van maker Electric Last Mile Solutions’ (ELMS) bankruptcy filing flew under the market news radar. Electric Last
Key Takeaways Adjusted earnings per share (EPS) beat analysts’ expectations. Revenue was roughly in line with expectations. AMD now reports four segments, rather than two, reflecting demand for chips from a wider array of customers. The new segments corresponding to AMD’s old Enterprise, Embedded and Semi-Custom segment beat predictions. AMD Earnings Results Metric Beat/Miss/Match Reported
Advanced Micro Devices Inc. finally gave investors a direct look at its data-center business Tuesday, and Wall Street should be happy with the business that Lisa Su & Co. have rebuilt. In the first quarterly report from AMD AMD, +2.59% to include a long-desired breakdown of the server business, the chip maker reported $1.5 billion
On today’s show I talk to software engineer and Bitcoin core developer, Jimmy Song. Jimmy covers a wide range of topics on how software is developed, deployed, and updated into the protocol. He also cover’s risks and concerns that many users of the protocol often voice. IN THIS EPISODE, YOU’LL LEARN: – How are Bitcoin
In today’s episode, we’ll talk about simplifying some trading indicators, such as the ADX, MACD, Bollinger Bands, RSI, as well as some other regular indicators. Back when I started trading a long time ago, I fell in love with indicators, it was like a romantic relationship. That’s what indicators become to a lot of traders.