The markets faced a big shock because of the black swan event of the pandemic. As economies were crawling back to normalcy, the Russia-Ukraine war triggered fresh concerns for several sectors of the economy. The war catalyzed an increase in the list of battered stocks in 2022. With the Russia-Ukraine war, oil prices surged, translating
Daily Trade
After stocks surged to their best gains in three weeks following strong consumer sentiment data, Thursday is looking less spirited with equity futures in the red as we close in on the long Christmas weekend. Investors should be accustomed to that here-today-gone-tomorrow kind of trading action they’ve endured this year, as the better sessions seem
Last Wednesday, executives at Meta Materials (NASDAQ:MMAT) finalized a bizarre transaction. In a single stroke, they converted the firm’s entire listed block of preferred MMTLP shares into untradeable common stock of Next Bridge Hydrocarbons, Inc. At first glance, the transaction seems like moving cash from one pocket into another. Meta Materials maintains full control of
Electric-vehicle maker Tesla Inc.’s shares declined for the fourth consecutive session Wednesday, after a report of a hiring freeze and plans for layoffs. Tesla TSLA, -0.17% is planning layoffs for the first quarter and is instituting a hiring freeze, Electrek reported on Wednesday, citing a person familiar with the matter. The decision, Electrek noted, would
A growing number of stock market commentators are arguing that a big recovery for Alphabet (NASDAQ:GOOG,NASDAQ:GOOGL) will happen in the coming year. Yet while at first glance GOOG stock may seemingly have many of the ingredients in place to make such a comeback, it’s far from a given. Sure, despite all the doom and gloom
My colleagues, Gal Wettstein and Siyan Liu, just completed a study using the Federal Reserve’s Survey of Consumer Finances to explore how delinquent student loans could lead to the withholding of Social Security benefits, which could disproportionately harm disadvantaged groups. Gal and Siyan also looked at the potential impact of President Biden’s debt relief proposal.
At long last, there are two pieces of positive news concerning California-based neo-banking firm SoFi Technologies (NASDAQ:SOFI). First of all, a high-level executive at the company reportedly purchased a very large number of SoFi Technologies shares. Furthermore, SoFi Technologies is working with Mastercard (NYSE:MA) to offer a buy now, pay later (BNPL) service. These developments suggest it’s
Earlier this year, Walt Disney Co. Chief Executive Bob Chapek fought off an activist investor seeking a spinoff of ESPN and other TV properties, but Wells Fargo analysts believe a change at the top will lead Disney to make that move in 2023. “We think Bob Iger is returning to Disney to make big changes,”
Generation Z, the nation’s youngest adults, aim to retire at 59, a full 12 years before baby boomers and older generations. According to a study from Northwest Mutual, Gen Z, those Americans between the ages of 18 and 25, had the highest levels of confidence in their careers and in their ability to achieve financial
[embedded content] Let’s check in on a stock we haven’t mentioned in a while – Tesla (TSLA). We’ve been bearish on this one for a while. It was the first mover and, really, the only viable competitor in the EV space for years. But since its production ramp in 2019, a lot of competition has
The new year brings a ton of new shows to Netflix, including a sequel to “That ’70s Show,” a new season of “Ginny & Georgia” and a Bernie Madoff documentary. “That ’90s Show” (Jan. 19) picks up two decades after the hit Fox sitcom “That ’70s Show,” with Debra Jo Rupp and Kurtwood Smith reprising
This article is reprinted by permission from NerdWallet. When Amanda Claypool was 28, she left a government contracting job in Washington, D.C., and moved back to her parents’ house in upstate New York while she figured out her next step. Then the pandemic struck, and her temporary return lasted longer than she’d planned. Living with
Amazon’s Prime Video has a handful of big-name premieres in January 2023 to go along with a hefty slate of movies. “Hunters” (Jan. 13) returns for its second and final season. The alt-history revenge/conspiracy thriller, which premiered in 2020, stars Al Pacino as the leader of a private Nazi-hunting team in the 1970s, and this
What’s been on people’s minds in 2022? The economy, stupid. In fact, Google searches for “cost of living” and for financial assistance reached a 10-year high in 2022. That’s according to a report released by the Alphabet-owned GOOGL, -0.66% search engine on Wednesday, which came just hours before the Fed meeting where Federal Reserve chairman
Don’t miss these top money and investing features: Sign up here to get MarketWatch’s best mutual funds and ETF stories emailed to you weekly! INVESTING NEWS & TRENDS Why the stock market’s painful December decline might actually be bullish for investors in 2023 U.S. stocks often perform better following a weak second half of December. Read
After quickly ratcheting up interest rates to combat red-hot inflation, the Federal Reserve is not suggesting that rates will drop any time soon. On Wednesday, the central bank raised the benchmark interest rate again. This time, as Wall Street had anticipated, it upped the key rate by 50 basis points. That follows four, 75-basis point
Recently, I begged people not to invest in video game retailer GameStop (NYSE:GME) yet. I suggested that GME stock needs to hit $20 before anyone should jump into the trade. Even after a post-earnings rally, I’m standing by the wait-for-$20 strategy as GameStop’s financials aren’t as stellar as some perma-bulls might assume. Don’t get me wrong
Tesla Inc. shares Friday wrapped up their worst week since 2020, as Chief Executive Elon Musk sold billions in stock and faced a call from a prominent investor to step down from the helm of the electric-vehicle maker. Tesla TSLA, -4.72% stock fell 4.7% Friday for a weekly decline of 16.1%, the fourth-worst week in
U.S. stock futures pointed to sharp losses at the start of trading for Wall Street on Friday, amid investor expectations that central banks will continue to raise interest rates aggressively despite stiff economic headwinds. How are stock-index futures trading? On Thursday, the Dow industrials DJIA tumbled 764.13 points, or 2.3%, to finish at 33,202.22, marking
It’s not an exaggeration to say that Google and YouTube parent company Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL) navigated rough economic waters in 2022. That’s good news for GOOG stock traders, however. You now have a prime opportunity to get exposure to a search-engine giant as well as a major competitor in cloud computing and cyber-defense. Even the most