Oil futures ended lower on Friday, but gained for the week, as investors awaited a pair of events: a Sunday meeting of the Organization of the Petroleum Exporting Countries and its allies, and the Monday kickoff of European Union ban on Russian seaborne crude imports. Oil prices moved lower during Friday’s trading session following news
Daily Trade
It hasn’t been a good year for growth stocks. The iShares S&P 500 Growth exchange-traded fund (NYSEARCA:IVW) is down nearly 25% with one month to go in 2022. Some of the worst performers from this ETF are going to need a new CEO. Before I come up with my three names of CEOs that need
Asset allocation is about dividing your portfolio among various investment asset classes like stocks, bonds and cash, and sub-asset classes like small, large and midcap stocks. Bonds and international investments, as well as growth and value oriented equities are often part of a well-diversified portfolio. In order to maintain your target asset allocation through the
Will Google and YouTube parent company Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL) join the Big Tech layoff club? It’s a valid question, but GOOG stock investors shouldn’t worry too much. If there is a large-scale workforce reduction at Google, it’s a sign that the company is being proactive in navigating a challenging economy. Don’t misunderstand — layoffs aren’t
Dear Quentin, We have a large friend group from college. We’re all getting married, starting families, getting established in our careers and our lives. I eloped and have a child now. None of my friends attended my wedding. I have attended all of theirs, but none of the bachelorette parties. I was invited to a
Butch Phillips, an 82-year-old member of the Penobscot Nation, etches 18-inch long moose call horns from birch bark he harvests off tribal land. While some moose calls he gives away to local hunters, others have sold at auction for as much as $3,200 and some sit in museums. “It’s very exciting calling a moose. You
When was the last time you visited a GameStop (NYSE:GME)? Its management team apparently rather you didn’t know; the firm stopped reporting same-store sales in 2021. E-commerce sales are also no longer reported separately, an ominous sign for a firm whose chairman once promised to build “a powerful e-commerce platform that provides competitive pricing, broad
U.S. stocks rose in afternoon trading on Wednesday after Federal Reserve Chairman Powell said the central bank’s pace of interest-rate increases can slow as soon as its December meeting, while investors digested a round of economic data, including a weaker-than-expected reading on private-sector payrolls and an upward revision to third-quarter economic growth. How are stocks
California-based electric vehicle manufacturer Mullen Automotive (NASDAQ:MULN) offered a great deal of promise in 2020 and 2021. Since then, however, MULN stock has had steep capital losses. A short-seller tried to warn prospective shareholders earlier this year. As it turns out, the short side of the trade was the right one, and there’s no reason
Public protests in China related to the government’s COVID-19 restrictions have hit the news worldwide over the weekend, following a fatal apartment fire in Urumqi, Xinjiang, last week which killed 10 people. Many internet users claimed some residents could not escape because the apartment building was partially locked down, though authorities denied this. There have been reports some demonstrators have called
In line with the overall stock market, Alphabet (NASDAQ:GOOG,NASDAQ:GOOGL) stock has moved higher in recent weeks. Since hitting a new multi-year low on Nov. 3 ($83.45 per share), GOOG stock has climbed back up to around $95.14 per share. With a company-specific developments (more below) also giving shares a boost, some may believe now that a
Anyone watching the market knows stocks have been hammered since the Federal Reserve began in March what has turned into an aggressive series of interest rate hikes, but strategists at Deutsche Bank say they might be surprised to learn that those rate hikes probably aren’t the culprit. The S&P 500 SPX, -0.34% has seen a
Examples of generosity range widely in size and style, from grantmaking that bestows millions of dollars upon a single charity to simple acts of kindness such as mentoring a teen or visiting nursing home residents to offer companionship. While some of the most inspired and fulfilling gifts are made spontaneously, thinking about charitable giving as
Recent news that Walt Disney Co. (NYSE:DIS) had suddenly and unexpectedly fired its CEO, Bob Chapek, and was bringing back former CEO, Robert Iger shook the business world. Chapek’s tenure running Disney lasted barely two years and was tumultuous as the company navigated its way through the Covid-19 crisis when its theme parks were forced
The collapse of the crypto exchange FTX will be the subject of a hearing in Congress this week — one of what’s likely to be many public inquiries into what went wrong at the entity founded by Sam Bankman-Fried. The Senate Agriculture Committee will hold a hearing Thursday at 10 a.m. featuring testimony from Rostin
U.S. stock-index futures sank Sunday night, indicating possible losses on Wall Street on Monday, as Asian markets fell following widespread public demonstrations in China and as oil prices hit a 2022 low. Dow Jones Industrial Average futures YM00, -0.42% were down more than 150 points, or 0.5%, as of 11:30 p.m. Eastern, above their session
What’s in a name? Apparently, a lot of headaches if you’re a project-management company called Hive and people keep mistaking you for a suddenly popular social-media app. With all the recent tumult at Twitter since Elon Musk acquired the company, many users of the platform have started looking for alternatives. And Hive Social, a platform
The declines in the stock market, surging inflation and rising interest rates have eroded investors’ confidence about their retirement, according to a new report by Janus Henderson Investors. A total of 45% of investors said they felt less confident in their ability to have enough money to live comfortably throughout retirement, and 9% have hired
Dear Fix My Portfolio, I was laid off from a tech company recently, just before the latest big wave. I was given 90 days to decide what to do about my stock options, so I have just a short time to decide. I’ve been hunting for a job. I still have three months’ runway in
Online purchases using the BNPL rose by 13% year-on-year in November, according to Adobe Analytics. That figure does not take into account Thanksgiving or Black Friday spending. “In an uncertain economic environment, a more cautious consumer is embracing more flexible ways to manage their budget,” Adobe ADBE, the software and market-research company, said in a report