One look at ContextLogic (NASDAQ:WISH) and I get the distinct impression that it’s anything but a retail e-commerce site. Its business is so hard to define; I have a tough time understanding why anyone would invest in WISH stock. Source: Shutterstock If there’s one business that I can understand quickly, it’s retail. My dad spent
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If anybody on Wall Street is due a victory lap, it’s Daniel Pinto. The head of JPMorgan Chase‘s massive corporate and investment bank is fresh off a year for the record books: Pinto’s business produced $49.3 billion in revenue and $17.1 billion in profit in 2020, more earnings than JPMorgan’s three other divisions combined. But
Take a look at some of the biggest movers in the premarket: Coty (COTY) – The cosmetics company reported quarterly profit of 17 cents per share, 10 cents a share above estimates. Revenue essentially was in line with forecasts. Coty said its profit got a boost from increased cost savings even as demand was dented
Suicide is the 10th leading cause of death in the United States. While life insurance can provide coverage in the case of suicide, many policies have special provisions that limit the payment of benefits. Key Takeaways Many life insurance policies contain a suicide clause or provision. Companies will typically not pay a death benefit
Macy’s (NYSE:M) is trying to reinvent itself. It’s an exciting project but one that isn’t likely to make a huge difference for M stock. Source: digitalreflections / Shutterstock.com Market by Macy’s, a stripped-down version of the Macy’s shopping experience, aims to bring the troubled department store back to where the shoppers are, suburban strip malls.
The key to scoring huge gains in the stock market rests in identifying innovative hypergrowth companies in the top of the first inning of their growth narratives. And, with that in mind, I’d like to introduce readers to space technology pioneer Momentus — who, through a merger with blank-check company Stable Road Acquisition Corp (NASDAQ:SRAC),
Along with the pandemic, 2020 will be remembered on Wall Street as the year of electric vehicle (EV) and alternative energy stocks. For instance, the International Energy Agency is planning soon to reveal the world’s first global roadmap to net-zero emissions by 2050. And EVs are poised to play a central role in this global
Robinhood was sued Monday for wrongful death by the family of Alex Kearns, a 20-year-old customer who took his life last summer after believing he had racked up big losses on the millennial-favored stock trading app. “This case centers on Robinhood’s aggressive tactics and strategy to lure inexperienced and unsophisticated investors, including Alex, to take
Tesla Motors CEO Elon Musk unveils a new all-wheel-drive version of the Model S car in Hawthorne, California October 9, 2014. Lucy Nicholson | Reuters Check out the companies making headlines in midday trading. Tesla — Shares of the electric carmaker popped 1.6% after an SEC filing showed Tesla bought $1.5 billion worth of bitcoin.
If bureaucracies are good at anything, it’s creating paperwork, and the IRS is the king of all bureaucracies, especially when it comes to tax forms. Most paperwork you’ll need to file your federal tax return can be completed and submitted electronically, but you’ll need to acquire a number of forms to get the job done.
Jumia (NYSE:JMIA) is an online marketplace which targets 11 African countries. It’s currently operating in Algeria, Cote d’Ivoire, Egypt, Ghana, Kenya, Morocco, Nigeria, Senegal, South Africa, Tunisia, and Uganda. The firm generates a majority of its revenue from western Africa. Its markets account for over 70% of Africa’s GDP and internet users and 600 million
It’s no secret. Apple (NASDAQ:APPL) has been working on autonomous driving and electric vehicle technology in Cupertino for years, and will very likely launch its own self-driving electric car — dubbed the “Apple Car” — at some point in the early 2020s. Considering Apple’s huge success with the iPhone, Mac, iPad and Apple Watch, it’s
After debuting at $20 per share, a premium price for a special purpose acquisition company (SPAC), shares of Pershing Square Tontine Holdings (NYSE:PSTH) look to be trading in a range. Like expectant parents, traders in PSTH stock are waiting for the white smoke to finally billow from Bill Ackman’s chimney announcing that the SPAC has
Hundreds of unemployed Kentucky residents wait in long lines outside the Kentucky Career Center for help with their unemployment claims on June 19, 2020 in Frankfort, Kentucky. While the economic recovery has brought back jobs since the lowest point of the Covid-19 crisis, millions of Americans remain unemployed. John Sommers II There is a contentious
Take a look at some of the biggest movers in the premarket: Hasbro (HAS) – Hasbro reported quarterly profit of $1.27 per share, 13 cents a share above estimates. Revenue also exceeded forecasts, boosted by ongoing increased interest in its board games and toys amid the pandemic. Hasbro shares rose 2.8% in premarket trading as
Who says only the FAANG stocks are breaking out?
The Standard & Poors 500 (S&P 500) Index is a popular benchmark index of large-cap stocks in the United States. The S&P 500 Index is a price index, meaning it represents the stock prices of the companies within the index. Some stocks are weighted more heavily than others, which means they have a greater impact
The novel coronavirus pandemic dismantled the entire aviation ecosystem. By last April, domestic and international flights were down 70% and 80%, respectively. That had a huge impact on the fall of airline stocks. Major airline companies implemented belt-tightening measures by furloughing staff, consolidating terminals and retiring parts of their fleet. However, with the Covid-19 vaccine’s
Investors typically love growth stocks with exciting stories. That’s because they promise powerful upside potentials and can increase revenue and earnings faster than their peers. So, the prospect of investing in these kinds of picks should appeal to many investors. However, above-market growth potential also suggests higher-than-average risk. In fact, recent research by scholars at
Overall, if there is insider buying, it could be a bullish sign for a company’s stock. Insiders have access to confidential information. Unfortunately, some insiders have used this information to gain an advantage over members of the public who do not have access to it. For example, if an insider may knows news is about