Shares of Tokyo Electric Power Co. Holdings Inc. surged Wednesday as a heat wave in Japan boosted power demand in the capital. The Japanese power utility 9501, +4.91%, also known as Tepco, rose as much as 6.2% before paring gains to trade 4.7% higher at 576 yen ($4.23). Its one-week advance stands at 23%, taking
Daily Trade
In the last two weeks, I’ve fielded a question often enough that it deserves its own write-up. This year, the oil trade has been extremely popular. And up until recently, it has been profitable for the bulls. But last week, their party suffered a serious setback. Occidental Petroleum (NYSE:OXY), for example, abruptly fell 25%. Today,
Meet “Vaccinate Me Elmo.” The little red Sesame Street character revealed on Twitter on Tuesday that he just got his COVID-19 vaccine, a week after the Food and Drug Administration and the Centers for Disease Control and Prevention authorized the Pfizer PFE, -2.63% and Moderna MRNA, -2.53% shots for children under 5. “Elmo got the
Source: Jimmy Tudeschi / Shutterstock.com In mid-June, shares of Warner Bros. Discovery (NASDAQ:WBD) fell to a fresh low of $13.30 following the release of an analyst report that raised concerns about its direct-to-consumer streaming strategy. WBD stock has only been trading since April 11, after Discovery merged with WarnerMedia, but it is down more than
College students, listen up: Business degrees are the most popular undergraduate and graduate major in the U.S., but do they pay off? A new report by the Georgetown University Center on Education and the Workforce looked at the return on investment (ROI) of 5,500 business programs at more than 1,700 colleges. It found that the
Amazon (NASDAQ:AMZN) has not had a great run lately. Unfortunately, FAANG has not been able to buck the market’s overall selloff. A few of the components are holding up okay, but Meta (NASDAQ:META), Netflix (NASDAQ:NFLX) and AMZN stock are all badly underperforming the Nasdaq. Unfortunately for Amazon, it’s not sitting in a good place. Inflation
The United States Supreme Court may be looking to strike down Roe v. Wade, the landmark abortion ruling from 1973, according to a now-authenticated leaked draft majority opinion published on Politico. “Roe was egregiously wrong from the start,” Justice Samuel Alito wrote in the majority opinion draft. “We hold that Roe and Casey must be overruled,” he went on to
Most of us are familiar with the metaverse. Or, the “sci-fi concept whereby humans put on some sort of headset or smart glasses that allows them to live, work and play in a virtual world much like the one depicted in the ‘Ready Player One’ movie,” as noted by CNBC. Better yet, according to a McKinsey
NIO Inc.’s shares in Hong Kong and Singapore have climbed to fresh record highs as the global outlook for electric-vehicle demand brightens. The electric-car manufacturer’s Singapore-listed shares NIO, +4.71% gained 4.1% to US$24.77 while its Hong Kong stock 9866, +3.93% rose 4.3% to 196.60 Hong Kong dollars (US$25.05), both new highs. The two listings are
Nvidia (NASDAQ:NVDA) stock, the darling of 2021’s market, has lost 44% of its value in 2022. But it’s still not a cheap stock. At its June 23 price of $165/share, Nvidia’s market cap was $407 billion, on fiscal 2022 revenue of $27 billion. The price to earnings ratio was nearly 44. The dividend yields just
As the country enters hurricane season from June 1 to the end of November, homes in New York and Miami are at the highest risk for property damage, according to a report released Wednesday from housing-research firm CoreLogic. Overall, more than 33 million homes in America are at risk of suffering damage from hurricanes, according
Is Roku (NASDAQ:ROKU) going to be acquired? Not yet. But rumors persist that Netflix (NASDAQ:NFLX) is looking to buy the manufacturer of internet-connected television sets and other devices. When the rumors of a takeover first surfaced on June 8, ROKU stock jumped 10% as investors grew excited about the prospect of a Netflix/Roku combination. But
Inflation is changing how and what people eat. More than half of consumers say they have changed their eating and drinking habits to manage the rising cost of living, according to a new survey by global intelligence company Morning Consult. Cutting back on trips to restaurants and bars is the most common change, accounting for
I was racking my brain for a subject to write about regarding FuboTV (NYSE:FUBO) and FUBO stock when it occurred to me that the company’s May 31 announcement of three executive appointments was a big deal. How so, you ask? Well, if you read InvestorPlace contributor Dana Blankenhorn’s recent piece about losing money betting on
One Tesla model topped another to rank as the most “American-made” vehicle for 2022 in this long-running index that judges contenders based a U.S.-based assembly line, major parts sourcing and other features. It’s Tesla’s TSLA, +10.68% Model Y earning the No. 1 ranking from Cars.com this year, the auto listing and news site announced Tuesday.
In a bear market, not all blue-chip stocks live up to their name. Investors need to identify the blue-chip stocks to avoid in their long-term portfolio. Otherwise, those stocks could lead to bigger losses as the selling pressure intensifies. Companies that misjudged the severity of inflation, and what customers wanted, and failed to lighten inventory
Bill and Dean Keyes and Chase and Saralee Squires separately say they have found the same retirement spot with perfect weather — temperatures in the upper 60s and low 70s year-round during the day and in the upper 40s at night during the winter (in this case, August and September). Their dream spot is Cuenca,
With “crypto winter” carrying on through the long, hot summer, shares in Coinbase (NASDAQ:COIN) have continued to plunge in price. With its latest slide to the low-$50s per share, COIN stock has lost nearly 80% of its value since January. At first glance, you may think shares are now a bargain. However, there’s a lot
The U.S. Supreme Court said Friday it had decided to overturn Roe v. Wade in a landmark decision that reverses a nearly 50-year-old precedent granting women the right to an abortion in all 50 states. The decision fell along ideological lines, with Republican-appointed judges voting to overturn Roe and the court’s three liberals dissenting. Up
Alphabet (NASDAQ:GOOG,NASDAQ:GOOGL) makes about 80% of its revenue from advertising. But the company is facing forces that could disrupt its business model and hurt GOOG stock. Ongoing legislation in the U.S. and E.U. regulatory actions could prevent Google from benefiting from its “gatekeeper” status with online ads. For example, if you do a search for