Shares of Cinedigm (NASDAQ:CIDM) stock are quickly rising on Friday morning after an important company announcement on Thursday. Source: Pavel Kapysh / Shutterstock.com The firm released a statement that its linear streaming channels are now available on Rad, a livestreaming platform with a diverse lineup of content for its users. It is quickly growing, and
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One of the United States’ top financial regulators said Thursday that new regulations on bitcoin and other cryptocurrencies were coming soon, but he downplayed concerns that the new rules would be disruptive. Brian Brooks, the acting comptroller of the currency, told CNBC’s Melissa Lee on “Squawk Box” to expect “clarity” on cryptocurrency in the next
Traders work on the floor of the NYSE in New York. NYSE Options trading is the new sports betting. Talk about unintended consequences. The stay-at-home requirement created by Covid-19 has spawned a huge sub-industry in options trading in tandem with an increase in equities trading that shows no signs of letting up. Trading in equity
Check out the companies making headlines before the bell Thursday: Ollie’s Bargain Outlet (OLLI) — Shares of the retailer slid more than 11% following commentary around a slowdown in the company’s fourth-quarter trends. “Quarter-to-date, our comparable-store sales increases are tracking in the low single-digits,” CEO John Swygert said in a statement. Goldman Sachs downgraded the
The Standard & Poor’s 500 Index, or simply S&P 500, is a market-capitalization-weighted index of 505 large-cap U.S. stocks. The index accounts for 80% of the market value of the U.S. equities market. Because it reflects nearly all of the largest stocks in the U.S., it is often regarded as synonymous with “the market” as a
In February 2019, a few months after a Lion Air 737-MAX crashed in Jakarta, killing 189, Boeing (NYSE:BA) stock peaked at about $440 per share. Now you can buy Boeing stock for nearly half the price, at about $240. Source: Marco Menezes / Shutterstock.com Through most of 2020, shares traded at less than $200. Boeing
The Federal Reserve slashed interest rates back in March in protecting the economy from the crippling economic effects of Covid-19. Dividend stocks became doubly important for investors, with savings yields taking a battering. Thankfully, the pandemic-induced economic recession hasn’t affected dividend stocks as viciously as in the 2008 financial crisis did. For example, dividend payouts
Investing in cheap stocks can seem fail-proof. And to be sure, the underlying logic is sound. Early investors should seek out equities that are fundamentally undervalued, and others will follow as the strength of said equities becomes more apparent. Then the underlying equity rises in price concurrently with demand and investors benefit via price appreciation.
Sit back, grab some popcorn and pay attention to the news coming out of the entertainment world. Investors who did that today likely noticed a major downward move in AMC Entertainment (NYSE:AMC) and its movie theater peers. Unfortunately for AMC stock, Thursday did not bring a happy ending. Instead, shares closed lower by nearly 16%
John Williams, left, and his dad Terry, right, both of Salem, carry a large Christmas Tree out of the field together at Tucker Tree Farm in Salem, Oregon, November 29, 2020. Alisha Jucevic | Reuters Tree retailers are having a spirited season this year, as Americans staying closer to home due to the coronavirus pandemic
Fans gather at local Ulta Beauty in Houston to greet Kylie Jenner at the launch of her cosmetics line on November 18, 2018 in Houston, Texas. Rick Kern | Getty Images Check out the companies making headlines after the bell: DocuSign — Shares of DocuSign popped more than 6% after the electronic-documents company posted better-than-expected
Have you ever heard coworkers talking around the water cooler about a hot tip on a bond? No, we didn’t think so. Tracking bonds can often be about as thrilling as watching the grass grow, whereas watching stocks can have some investors as excited as NFL fans during the Super Bowl. However, don’t let the
FuelCell Energy (NASDAQ:FCEL) is really quite a puzzle. FCEL stock gained nearly fourfold from $2.00 at the end of October to $10.20 on Nov. 30. But nothing has happened that deserves that kind of spike. Source: Kaca Skokanova/Shutterstock FCEL in the first half of November was tracking along with Invesco WilderHill Clean Energy ETF (NYSEArca:PBW),
Shares of online sportsbook operator DraftKings (NASDAQ:DKNG) are up roughly 22% after an upbeat third quarter. The company has benefited from the slow ramp-up of different sporting events in the third quarter. It has also raised its expectations with a substantial increase in demand for the coming year. Pent-up demand for sports and additional legalizations
Splunk (NASDAQ:SPLK) news for Thursday from its third-quarter fiscal 2021 earnings report have SPLK stock taking a beating. This comes after reporting adjusted losses per share of 7 cents, which failed to reach Wall Street’s adjusted earnings per share estimate of 9 cents. Its revenue of $558.57 million also missed analysts’ estimates of $613 million.
Warren Buffett during an interview with CNBC’s Becky Quick on February 24, 2020. Gerry Miller | CNBC Berkshire Hathaway said Thursday that it will hold its annual shareholder meeting, slated for May, virtually. “Unfortunately, we do not currently believe it will be safe at that time to hold a meeting with nearly 40,000 attendees as
Zoom Video Communications Inc. founder and CEO Eric Yuan at the company’s IPO at Nasdaq MarketSite in New York, April 18, 2019. Victor J. Blue | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Zoom Video – Shares dropped nearly 14% as investors digested signs that the video conferencing company’s
Bitcoin prices are up 300% since March, showing a dramatic breakout even as other markets have gone lower. With bitcoin holding 66% of the total crypto market cap, experts point to bitcoin’s maturity as one reason for its strength. Bitcoin has rallied over 75% since early September. During that same time period, both gold and
It takes a special kind of ugly to stand out for the wrong reasons this year. Yet that’s the ignominy that Luckin Coffee (OTCMKTS:LKNCY) finds itself in. After the lessons from high-profile scandals such as Enron, along with the events leading up to the Great Recession, you’d think that all C-suite executives would at least
The real estate sector is one of the duds in the S&P 500. This is highlighted by a year-to-date decline of almost 9% for the widely followed MSCI US Investable Market Real Estate 25/50 Index, confirming the struggle is real for real estate investment trusts (REITs). Making the performance of the broader REIT universe all