Cenntro (NASDAQ:CENN), after its reverse merger with meme stock favorite Naked Brands, is finding it hard to find its feet. The electric vehicle market has been flooded with many companies, some of which have already found success in their business models. In contrast, CENN stock is interesting, but it’s not a thoroughbred EV play. The
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U.S. stocks retreat Friday following their biggest rally in a month, after Snap Inc. SNAP, -38.87% delivered disappointing earnings ahead of next week’s deluge of quarterly results from technology giants. Earnings have been a major focus among investors concerned about a slowing U.S. economy, with the Federal Reserve next week likely to fire off another
All eyes were on Netflix, Inc. (NASDAQ:NFLX) earlier this week ahead of its earnings release on Tuesday after the market close. The analyst community was calling for earnings of $2.96 per share on revenue of $8.0 billion and for a 1.9 million drop in paid subscriber. This follows the 200,000 paying subscribers Netflix lost in
U.K. retail sales fell in June for the fourth time in five months, dragged by lower fuel sales, adding to evidence of a weakening in consumer spending as the cost-of-living crisis intensifies. Retail sales volumes decreased 0.1% in June on month, less than the revised 0.8% monthly fall registered in May, the Office for National
Upstart (NASDAQ:UPST) is an innovative lending platform that partners with banks and credit unions to offer consumer loans. The San Mateo, California-based company uses artificial intelligence (AI) models instead of traditional methods because it bases its decision on non-traditional metrics like employment or education. This gives them a competitive edge over other companies using those
House Speaker Nancy Pelosi on Thursday offered a strong denial when she was asked by a reporter if her husband has ever made a stock purchase or sale based on information received from her. “No, absolutely not,” the California Democrat said, after getting the question about Paul Pelosi’s trades during her weekly press conference. Paul
The cruise lines are taking on water. The big three publicly traded operators, including Norwegian Cruise Line (NYSE:NCLH), were among the worst-performing stocks in the S&P 500 Index in the first half of 2022. It has been a perfect storm for the industry. The novel coronavirus grounded the cruises since 2020. And just as things
Employers, employees, and self-employed individuals all pay the Social Security tax. For many self-employed individuals, the tax equals or exceeds their federal income tax bill. And yet, the Social Security tax gets little attention. And what about the impact of inflation? Let’s discuss. How big can my Social Security tax bill be? Probably a lot
Source: Ilija Erceg / Shutterstock [Editor’s note: “Don’t Just Sit Back While EV Stocks Break Out This Year” was previously published in January 2022. It has since been updated to include the most relevant information available.] Electric vehicles are taking over the world. You know it. I know it. The market knows it. Consumers want
U.S. stocks on Wednesday were attempting to build on a big and broad Tuesday bounce, but skeptics aren’t yet convinced the move is more than a bear-market rally. Tuesday’s rally was “undoubtedly impressive, especially following a sharp reversal lower the previous day,” said Kevin Dempter, a technical analyst at Renaissance Macro, in a Wednesday note.
Hello and welcome to Financial Face-off, a MarketWatch column where we help you weigh financial decisions. Our columnist will give her verdict. Tell us whether you think she’s right in the comments. And please share your suggestions for future Financial Face-off columns. The face-off It’s tough out there for homebuyers. The median U.S. home price
Investors with a small amount of funds to allocate to equities often look for stocks that have a relatively lower price. As an example, a diversified sub-portfolio of stocks under $10 can be created with limited funds. It’s also obvious that most of these stocks under $10 would be high-risk growth stocks. However, careful selection
High-yield debt of riskier companies is not as junky as investors believe. So these bonds have sold off too much. Consider finding a place for them in your investment portfolio: Junk bonds are now a source of decent dividend yield and potential capital appreciation – and a compelling contrarian play. “I’ve been doing this a
SYDNEY — Financial stability risks in Australia are a “little elevated,” and could worsen if unemployment were to head higher, Reserve Bank of Australia Deputy Gov., Michele Bullock, said Tuesday. In assessing whether Australian households are prepared for further interest rate increases, Bullock warned in a speech that some lower-income households will feel a sting
U.S. stock futures extended recent gains after expectations of an aggressive Federal Reserve interest rate hike eased, and traders prepared for more updates from the corporate earnings season. How are stock-index futures trading On Friday, the Dow Jones Industrial Average DJIArose 658 points, or 2.15%, to 31288, the S&P 500 SPX increased 73 points, or
When is it good for you to return to the office? Some people may be tempted to quote that famous New Yorker cartoon and reply, “How about never — is never good for you?” But what is acceptable in a smarty-pants magazine cartoon strip is hardly acceptable in real life. Few managers will take kindly
Ready for sundae funday? National Ice Cream Day is this Sunday, and we’ve got the scoop on the sweetest deals and freebies from dessert chains like Baskin-Robbins, Carvel, Dairy Queen and more. And if you’re looking for something a little less vanilla, we also have a list of seven more exciting ways to indulge in
It seems like Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL) stock haven’t moved much lately and it’s down nearly 11% year-to-date. But there are two catalysts that should help bolster the stock this month. Specifically, investors should keep an eye on GOOGL stock because of its upcoming earnings report and the Google stock split. Ticker Company Recent Price GOOGL
“‘Donald Trump and his supporters had their day in court and failed to produce substantive evidence to make their case.’” This is an excerpt from a 72-page report titled “Lost, Not Stolen: The Conservative Case that Trump Lost and Biden Won the 2020 Presidential Election.” The report from some prominent conservatives analyzes the many debunked
PayPal (NASDAQ:PYPL) stock has been massacred. Even before the bear market was being felt around the rest of the market, PYPL stock was limping into 2022. Despite a modest bounce off the fourth-quarter low, PayPal was still down 40% from its high coming into the near year. At its recent low, shares were down a