Food Bank for New York City distributes turkeys and Thanksgiving fixings with support from Stop & Shop and WBLS’ The Steve Harvey Morning Show on November 16, 2020 in New York City. Michael Loccisano | Getty Images Entertainment | Getty Images Job growth slowed significantly in November and looks set to decline even more, as
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Back in October 2017, BlackRock, Inc. (BLK) CEO Larry Fink referred to Bitcoin (BTCUSD) as an “index of money laundering.” Three years later, he seems to have changed his mind about the cryptocurrency. During a conversation with the Council of Foreign Relations earlier this week, Fink said that Bitcoin could evolve into a “global market”
While the novel coronavirus has been a terrible headwind for many businesses, other sectors have enjoyed renewed relevance. Take for instance the burgeoning online used car dealership industry. For most people, buying a car is a stressful experience in the best of circumstances and doubly so during a pandemic. Fortunately, though, companies like Vroom (NASDAQ:VRM)
Back in July, I recommended seven of the best stocks to buy for 2021 and beyond. As a group, they’ve done very well over the past three months. For instance, Livongo Health was acquired by Teladoc Health (NYSE:TDOC) on Oct. 30 for $11.33 per share in cash and 0.592 times shares in Teladoc. But looking for a
As Americans, we tend to love the underdog, the come-from-behind story. Perhaps that’s the subconscious reason I tried to give Nokia (NYSE:NOK) the benefit of the doubt. While the broader situation didn’t look too hot for NOK stock, especially with rivals like Ericsson (NASDAQ:ERIC) faring so much better, the Finnish telecom-equipment provider has demonstrated occasional
Jeff Smith, chief executive officer and chief investment officer of Starboard Value LP. Chris Goodney | Bloomberg | Getty Images Starboard Value hit an unexpected stumbling block in its activist campaign in AECOM when one of the hedge fund’s members quit the infrastructure company’s board of directors over the summer. Peter Feld quit the AECOM
A customer exits a Big Lots store in Clifton, New Jersey. Emile Wamsteker | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Big Lots — The retail stock sank 9% after the company declined to give guidance as part of its third-quarter earnings report. Big Lots beat analyst expectations on
With all the recent talk about impending Congressional action on an end-of-year coronavirus relief package, you would be forgiven for losing sight of what’s at stake if that legislation isn’t passed. As of Dec. 31, 2020. programs that provide the following COVID-related relief will end: Extra unemployment benefits of $300 per week Extended weeks of
Sorrento Therapeutics (NASDAQ:SRNE) stock fell sharply in late October. But, in recent weeks, shares in the biotech company and fading Covid-19 play have started to bounce back. Up more than 38.7% since Nov. 9, investor interest in SRNE stock is starting to pick up once again. Source: Shutterstock So, should you hop on the bandwagon?
Pinterest (NYSE:PINS) is having one of the best years on Wall Street. Pinterest stock is up more than 260% year-to-date, as the social media company has managed to avoid messy controversies that affect other social media stocks. Source: Nopparat Khokthong / Shutterstock.com And there’s good news for Pinterest shareholders: there’s growing sentiment that the San
We’ve started the last month of this crazy year on a high note. Stocks are breaking out to new highs to end this first week of December … and investors are making a whole lot of money as a result. Source: Shutterstock In today’s new episode of MoneyLine, I dive into the market’s strength and
Traders work on the floor of the New York Stock Exchange. NYSE Stimulus to help the economy and vaccines to stop the virus are expected to the be the main focus in markets in the week ahead. Efforts to move along a fiscal package in Congress picked up momentum in the past week with Congressional
The Walt Disney Company (DIS) is reportedly considering whether three upcoming films, all potential blockbusters, should go straight to the Disney+ video streaming service rather than premiering in movie theaters. If so, this might provide an added growth spurt to the Disney+ service while delivering another severe blow to the already embattled movie theater business,
Like most of its EV (electric vehicle) peers, Ayro (NASDAQ:AYRO) stock soared in November. But, as the bubble in this sector starts to pop, don’t expect this small player to hold onto its recent gains. Source: Shutterstock Why? While it talks a big game in its press releases, this company’s odds of success are much
The novel coronavirus pandemic is the story of 2020. On the investment side? There have been many developments including a stock market crash, the explosion of electric car stocks, and the collapse of the oil and gas industry. But one of the biggest stories of 2020 is a direct result of the pandemic: the boom
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
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