What happened to Snap (NYSE:SNAP) stock? Over the last month, shares of Snapchat’s parent company are down 30% in the last month. That’s worse than every other social media stock. It wasn’t that long ago that SNAP stock was running high, coming off a historic fourth-quarter earnings report in which it reported its first quarterly
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By Maria Martinez German industrial production fell sharply in March due to an intensification in supply-chain problems and higher input prices. Total industrial output–comprising production in manufacturing, energy and construction–fell 3.9% in March compared with the previous month in calendar-adjusted terms, statistics office Destatis said Friday. Economists polled by The Wall Street Journal had forecast
ChargePoint (NYSE:CHPT) is a California-based company that provides electric vehicle (EV) charging networks and charging solutions. The company went public via a special-purpose acquisition company (SPAC) and was initially highly popular with traders. CHPT stock shot up as high as $45 in late 2020 following the launch of its SPAC deal. Since then, however, ChargePoint has
The Community Reinvestment Act (CRA) stands as a major effort by lawmakers to prevent banks from discriminatory lending practices in low-to-moderate income communities, but it was enacted in 1977 and hasn’t been updated since 1995. Conceived in the civil rights era and passed in the post-Watergate reform era, the Community Reinvestment Act (CRA) stands as
Tesla (NASDAQ:TSLA) has been swooning lately, but not due to fundamental reasons. Keep in mind, TSLA stock enjoyed an initially strong rally after the company reported better-than-expected earnings. Despite various headaches over the last few months, the company continues to find a way to deliver. So what’s the issue? CEO Elon Musk has been selling
If you’re a member of a limited liability company (LLC), do you have to pay self-employment taxes? That’s a darn good question. Our beloved Internal Revenue Code’s self-employment (SE) tax provisions were enacted long before the existence of limited liability companies. As LLCs became increasingly popular, an important question arose: how to apply the SE
Matterport (NASDAQ:MTTR) on April 28 announced that it is opening new sales channels and increasing customer service operations in Japan. The expansion is great to see. But until the company is on better financial footing — or the markets are less uncertain — I wouldn’t put my money in MTTR stock just yet. In its news
The Federal Reserve on Wednesday raised a key interest rate by a half point and reaffirmed a more aggressive strategy to try to subdue the worst outbreak of U.S. inflation in 40 years. The central bank also said it plans to start selling off its nearly $9 trillion stockpile of Treasury bonds and mortgage-backed securities
After Fisker (NYSE:FSR) announced that it had received more than 40,000 reservations for its Ocean SUV and its stock tumbled, the outlook of FSR stock has greatly improved. Also making me more confident in Fisker are its decisions to offer a cheaper electric vehicle (EV) and a decent warranty. In light of the automaker’s valuation,
Dear Quentin, I am doing OK financially as a single 29-year-old who unfortunately is still roommates with my mom. We split everything down the middle and I mainly stay with her since it is very expensive to live on your own in my city, and it also helps relieve a lot of financial stress on
Amazon (NASDAQ:AMZN) is down 15% since it released its first-quarter results on April 28. The online merchant had a massive outflow of free cash flow (FCF) in the last 12 months. This does not bode well for AMZN stock going forward. The reason is its FCF, after including repayments of finance leases and financing obligations, was
An economic downturn appears to be in the cards. And that could put some homeowners in a tight spot. Fears of a recession were stoked last week when data showed that the U.S. economy shrank in the first quarter at a 1.4% annualized rate. Roger Ferguson, who previously served as a Federal Reserve governor, said
Twilio (TWLO) has surface-level appeal from a revenue-growth standpoint On the other hand, the company isn’t profitable, and is only digging a deeper financial hole for itself Investors should consider just avoiding Twilio altogether, even if they feel strongly about the future of cloud-based digital communications Source: Tada Images / Shutterstock.com At first glance, cloud-communications
SYDNEY–The Reserve Bank of Australia raised its official cash rate for the first time since November 2010 on Tuesday to tame inflation, which surged to its highest level in 20 years. The official cash rate was raised to 0.35% from a record low 0.10%, a move that was bigger than expected by many economists, with
After the S&P 500 tumbled sharply so far in 2022, SPDR S&P 500 ETF Trust (NYSEArca: SPY) stock is looking much more attractive than it was six months ago and a year ago. And, as a result of upcoming, positive macro drivers, I do expect the ETF to climb significantly in the near term, medium
U.S. stock futures pointed higher Monday after the worst month for equities since the U.S. economy was first slammed by the emergence of coronavirus. What’s happening Futures on the Dow Jones Industrial Average YM00, +0.53% rose 91 points, or 0.3% to 32973. Futures on the S&P 500 ES00, +0.48% gained 11.75 points, or 0.3%, to
GameStop (GME) is a hedge fund slayer, but in need of a bit of help. Its financial metrics are at odds with its stock prowess. Trading the ranges tactically may be where the easiest gains lie. Source: Shutterstock / mundissima In order to describe GameStop (NYSE:GME) stock I would need to use terms like resilient
New Zealand and other nations are set to sign on to President Joe Biden’s signature economic initiative for Asia, Prime Minister Jacinda Ardern said Monday, while still signaling a preference for the U.S. to join a regional trade deal rejected under the Trump administration. Biden’s proposed Indo-Pacific Economic Framework is meant to show the U.S.’s
The earnings train steams along. After a week of largely positive quarterly results from leading technology companies, the focus in the coming days turns to leading blue-chip companies, many of which are household names. Over the next week, we will hear from several top tier prescription drug makers, travel companies, technology companies, and food and
The stock market ended a volatile week on a gloomy note Friday, with the three major U.S. indexes plunging as investors got tripped up in worries like inflation, the Fed’s fight against it and fears of a hard-landing recession. As confidence got pummeled as well, financial experts recommended that investors not panic, but think about