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
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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
SAN FRANCISCO — The epic collapse of wunderkind Sam Bankman-Fried’s $32 billion crypto empire, FTX, looks set to go down as one of the great financial debacles of all time. With a storyline full of celebrities, politicians, sex, and drugs, the future looks bright for producers of feature films and documentaries. But, to paraphrase Mark Twain, rumors of
It’s a year for shopping prudently. Americans will spend between $942.6 billion and $960.4 billion this holiday season, according to projections from the National Retail Federation. That’s up from last year when holiday sales hit a record $889.3 billion, the trade association said. However, people are not willing to go as crazy this Black Friday
Get ready for long lines at the airport and traffic jams galore — just like old times. Airports and roads may be “jam-packed” this year, according to the American Automobile Association. It estimates that 53.6 million people will travel for the Thanksgiving weekend, reaching 98% of pre-pandemic Thanksgiving travel. The Transportation Security Administration said it
Netflix’s stocking is stuffed to overflowing in December, including a crop of Oscar-contending movies and the return of some fan-favorite series. Following a weeklong “sneak preview” theatrical release in November, “Glass Onion: A Knives Out Mystery” will start streaming on Netflix NFLX, +1.68% on Dec. 23. The sequel to writer/director Rian Johnson’s surprise 2019 hit
What does a bottoming process in a stock look like? In the case of microprocessor manufacturing giant Intel (NASDAQ:INTC), reaching rock bottom is bound to involve layoffs and a general sense of pessimism. The layoffs aren’t going to be pleasant, but they’re a sign that Intel’s management is doing what’s needed to turn the company around
The 2022 FIFA World Cup is underway and some of the best footballers on the planet spend four weeks competing for soccer’s ultimate prize. But this World Cup is ripe with controversy, largely due to its host country, Qatar; a Persian Gulf nation roughly the size of Connecticut that is holding the once-in-four-years soccer tournament
It’s getting ugly out there. That’s especially true in the tech sector, where a growing number of companies are undertaking mass layoffs. Heading into the end 0f the year, some technology companies have announced the biggest workforce reductions in their history as their businesses slow and they grapple with ongoing supply chain issues and persistent
Being let go is hard, especially with the cost of living on the rise, and talk of a recession looming. Earlier this month, Tesla founder TSLA, +1.22% Elon Musk fired 7,500 Twitter staff, representing nearly 50% of its global workforce, just days after he took over the social-media company in a $44 billion deal. Facebook’s