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,
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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
It turns out investing in a vacuum can be a poor idea, even a really strong sounding one. But in today’s current market and as that relates to Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL), investors may have a less challenging time cleaning up as profitable buyers in GOOG stock. Shopify (NYSE:SHOP), Amazon (NASDAQ:AMZN), Tesla (NASDAQ:TSLA) and Alphabet are
U.S. stock futures lost ground as global growth fears weighed on sentiment and the dollar hit a 19-year high. What’s happening Dow Jones Industrial Average futures YM00, -0.45% fell 0.6% to 30,869 S&P 500 futures ES00, -0.48% lost 0.7% to 3,802 Nasdaq 100 futures NQ00, -0.60% slid 0.8% to 11,521 On Friday, the Dow Jones
Fifth generation (5G) wireless is exploding in terms of its adoption and growth around the world. According to market research firm Precedence Research, the global 5G market is forecast to reach $1.87 trillion by 2030 for a compound annual growth rate (CAGR) of 44.63% between this year and the start of the next decade. Because of
By Dominic Chopping STOCKHOLM–SAS AB said Tuesday that it has filed for chapter 11 bankruptcy protection in the U.S. as it seeks to push through its comprehensive financial restructuring to cut costs and raise capital under the supervision of the U.S. court system. Struggling with high debt and a lack of cash, SAS earlier this
Fed-up investors who dumped Alibaba Group (NYSE:BABA) stock in March will regret it. BABA stock bottomed at $73.28 in mid-March 2022. The following month, Premier Li Kequiang said it would pause its crackdown on the sector. The shift to promoting economic growth proved helpful to BABA stock. Shares are up by around 60% from the
Ray Dalio has hit out at political extremes in the U.S. that don’t respect a rules-based system, and warned that Russia is likely to be the “lesser loser” from the Ukraine war as the economic cost to the West causes NATO support to fracture. The founder of Bridgewater Associates, the world’s largest hedge fund with
Source: helloabc / Shutterstock.com A negative report recently came out, and it’s replete with allegations against Chinese electric vehicle (EV) maker Nio (NYSE:NIO). Consequently, traders should avoid NIO stock for now, or at least not add to any existing positions. In recent weeks, things had really been looking up for Nio shareholders. After making a 52-week low, in
A Las Vegas Burger King employee who has been with the company for 27 years without ever taking a day off went viral after his managers gave him a mediocre gift for his service — and now close to $300,000 has been raised for him. Kevin Ford, 54, has toiled as a cashier and cook
The last time I wrote about Snap (NYSE:SNAP) was in late May, just after it gave shareholders a lump of coal, warning that revenue and earnings would be lower than initially expected. SNAP stock lost 40% in five trading days on the news. My take on the warning was that its financials weren’t nearly as
It’s a cool breeze during a hot moment, but it’s not the summer weather. As record-breaking numbers of Americans pack their cars and travel to Fourth of July barbecues that will cost them more than last year, they’ll fill up at gas stations where they are likely to be paying just a little less at
After surging higher in late May, shares in video-game retailer GameStop (NYSE:GME) are holding steady at just over $120 per share. GME stock remains seemingly unsinkable right now. With the long side holding with diamond hands, and the short-side possibly getting carried away with their big bets against it, the “meme stock saga” continues. Yet
Given today’s challenging markets and unprecedented economic circumstances, a midyear review of your investments and wealth plan takes on a heightened sense of urgency this year. Stock prices are down, interest rates are up, the pandemic is still lurking and inflation hovers at a four-decade high. Add the looming retirement for many boomers, as well