Bed Bath & Beyond (NASDAQ:BBBY) has let go its CEO amid a stock and sales collapse. Yet insiders are buying the stock. Mark Tritton was replaced by board member Sue Gove, just before the company reported a huge loss on declining sales in late June. New accounting officers were appointed as the board searched for a way out
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A new, highly infectious subvariant of omicron is raising concerns among scientists and health experts as it spreads in India and other countries, including the U.S. Scientists say the variant — called BA.2.75 — may be able to spread rapidly and get around immunity from vaccines and previous infection, as the Associated Press reported. It’s…
I have chosen six recession-proof stocks to buy as the market boom ends. They pay dividends, have low payout ratios, low price-to-earnings (P/E) multiples, and good growth. As a result, these stocks have a good chance of surviving the oncoming recession, if, indeed, we aren’t already in one. Investors will stick with stocks that can
Dear MarketWatch, Hi, hope you can provide some help. I’ll be 57 next month and am divorced with three kids living with me. One is 28, she’s working, another is 21 and a senior in college (with a full scholarship) and the youngest is 15 (a sophomore in high school with a full scholarship). I
Mullen Automotive (NASDAQ:MULN), a company based in Southern California that wants to make electric vehicles more accessible to consumers, has announced several important pieces of news lately. A couple of months ago, in March 2022, I had been very bearish on MULN stock. Is the recent news enough to start buying the shares of this
Dear Quentin, Last September, my older brother took his own life after living with depression. My brother misused alcohol as well. I moved away in my mid 20’s, which allowed me to grow and learn and be an adult. My brother really had no real life skills. Over the years he was coddled by our
After the coronavirus pandemic, many penny stocks became bubbles due to the sudden increase in liquidity through stimulus packages and trillions in bailouts. The excitement in the market caused users of different platforms, mainly Reddit, to aggressively invest in risky penny stocks. Of course, the recent economic slowdown and inflation have caused most of those
The mercurial Elon Musk finally made it official Friday: He declared in a regulatory filing that he no longer wants to go through with his $44 billion deal to buy Twitter Inc., a deal that the market has never really expected would happen. The big question now is who has the best legal case when
Stock traders, mark your calendar for July 12. That’s when shareholders of San Francisco-headquartered neo-banking firm SoFi Technologies (NASDAQ:SOFI) will vote on a potential reverse stock split. This event could prove to be a pivotal moment for the company, and for the future trajectory of SOFI stock. 2022 has been a tough year for banks, both
Social media platforms including Twitter TWTR, -4.37% and Facebook META, -0.68% parent Meta said Friday they’re taking down any videos of the assassination of former Japanese Prime Minister Shinzo Abe. The companies say such videos violate their rules of harmful content on the platform. Multiple videos of the attack showing a gunman firing a double-barreled
Today, I have chosen six stocks hedge funds love. To simplify this, I decided to pick the top three stocks of two of the most watched hedge funds that are the most popular in the market. One of those funds is Michael Burry’s Scion Asset Management. We use the company’s 13-F holdings report from the
Shares of major Chinese electric car makers jumped in Hong Kong, as investors welcomed Beijing’s latest plan to launch more auto consumption stimulus measures. NIO Inc. SG:NIO soared as much as 7.4% within an hour of trading, and shares were last up 6.7%. XPeng Inc. HK:9868 gained 2.8% and Geely Automobile Holdings Ltd. HK:175 added
It goes without saying that 2022 has been brutal for growth stocks, but Carvana (NYSE:CVNA) is a name that in particular has been hard hit. Year-to-date, CVNA stock is down 88.5%. What’s behind this stunning plunge in price for shares in this automotive e-commerce company? Rising interest rates, and their impact on stock market valuations,
Investors should brace for the start of a U.S. recession in the second half of 2022 and for the stock market to record a roughly 20% retreat for the full year, according to a revised outlook from the Wells Fargo Institute released Thursday. Strategists at the banking giant’s investment management unit now expect a roughly
Just when things couldn’t get any worse for Robinhood Markets (NASDAQ:HOOD), a report from the United States House of Representatives Financial Services Committee shows that the retail brokerage had far less liquidity than it suggested at the height of the meme stock phenomena. In the aftermath of that announcement, HOOD stock dropped about 5%, throwing
Samsung Electronics Co. shares climbed by the most in more than two months on Thursday despite softer second-quarter preliminary earnings. Shares in the South Korean tech giant rose as much as 3.7% to 58,500 won ($44.82) in early afternoon trade, on course to notch the steepest daily percentage rise since April 28, when they jumped
The Covid-19 pandemic accelerated the growth of several e-commerce players as consumers moved to online shopping channels amid lockdowns. However, with the reopening of the economy, spending has shifted back to brick-and-mortar stores and to experiences like travel. Further, high inflation and fears of a recession are impacting consumers’ purchasing power. That said, the long-term
Over the past several months, collectives have been framed as the scandalous side of NIL. There have been reports of million-dollar deals being used as recruiting inducements and rumors of bidding wars. They’ve drawn the ire of Nick Saban and countless other college sports officials, who think they could ruin the future of college sports by facilitating
Dallas-headquartered telecommunications giant AT&T (NYSE:T) now has a deal with the Federal Aviation Administration (FAA). This should help solidify AT&T’s status as a 5G leader. This also bodes well for T stock, which is ideal for value seekers and dividend collectors alike. When dollar inflation gets to a fever pitch, stubbornly staying in an all-cash position
Shares of Chinese restaurant operators fell on Wednesday amid renewed lockdown fears after a rise in Covid-19 cases in parts of the country. Shares of Yum China Holdings Inc., YUMC, -6.89% one of the country’s biggest fast-food restaurant operators, was 6.1% lower at midday, while hotpot operator Haidilao International Holding Ltd. 6862, -5.25% s lipped