Oil futures ticked higher early Wednesday, bouncing modestly after a rout in the previous session that took both the U.S. and global benchmarks back below $100 a barrel. Price action West Texas Intermediate crude for August delivery CL.1, +1.05% CL00, +1.05% CLQ22, +1.05% rose 73 cents, or 0.8%, to $96.57 a barrel on the New
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When the equities sector started to unravel as soaring inflation and the conflict in eastern Europe took its toll on investor sentiment, the technology sector was one of the hardest hit. Since these enterprises are largely geared toward maximizing growth, when opportunities for economic expansion are limited, the segment tends to suffer. However, the bearishness
Uber Technologies Inc. reportedly paid high-profile academics in the United States and Europe to produce reports that could be used in the company’s lobbying, while continuing to fight a push to disclose more information about its current lobbying. The Guardian reported Tuesday based on files leaked by a former Uber executive that the company paid
Diversified holding company Vinco Ventures (NASDAQ:BBIG) hasn’t been a darling on Wall Street lately. However, this means that BBIG stock is trading at a more attractive price point. This could be the right time to make an investment as Vinco Ventures is in a firm capital position. Due to a number of complications in 2022’s first
Rents will continue to rise, contributing to inflation, until the end of the year, economists say. With home prices and mortgage rates this high, many prospective homeowners are choosing to rent longer, opting to wait it out until prices normalize. But rents are also increasing, helped along by a housing-supply shortage that’s hiking the cost
Following the rapid vaccination drives across the world last year, the demand for Covid-19 vaccines is declining. However, booster doses targeting new subvariants are expected to drive sales for coronavirus stocks in the days ahead. Recently, the U.S. Food and Drug Administration (FDA) advised Covid-19 vaccine makers to update their booster shots, scheduled for this
Former Overstock.com Inc. Chief Executive Patrick Byrne is expected to meet Friday with the House committee investigating the Jan. 6, 2021, Capitol insurrection, CNN reported Monday night. The meeting will be held behind closed doors, CNN reported, and its topics have yet to be determined.
The euro moved another step closer to parity on Monday, with traders betting that high inflation leaves the region’s central bank unable to stop a recession as war rages in Ukraine. The euro EURUSD, -1.01% slid 1.2% to $1.0057 against the dollar, to a level not seen since late 2002. The euro EURCHF, -0.72% fell
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
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