The S&P 500 has been getting pummeled. That goes for the index, the S&P futures (ES) and the SPDR S&P 500 ETF (NYSEARCA:SPY). SPY stock is not the worst performer of the major U.S. indices, though. The Nasdaq is, barely edging out the Russell 2000, with its 26% decline. SPY is down about 15% from
Daily Trade
Does your bank account impact your moral priorities? A new working paper suggests that the wealthier you are, the more likely you are to vote based on your morals than your personal financial interests. A group of social scientists developed this theory after creating a model, based on over 18,000 responses from Americans across the
[Editor’s note: “Hydrogen Power Will Give Rise to an $11 Trillion Revolution in 2022” was previously published in December 2021. It has since been updated to include the most relevant information available.] The best investments — with the potential to mint millionaires — are often found in places where most aren’t looking. Follow that thread
The 148th Kentucky Derby will take place on Saturday in Louisville, Ky., and the anticipation is growing. The Kentucky Derby is known as the premier event in horse racing, as it comes with high payouts for the winner, huge fan interest and perhaps most important, famously flamboyant outfits and hats from its attendees. Here’s everything
Snowflake (SNOW) has lost half its value as investors abandon money-losing tech companies. SNOW stock has positive operating cash flow and enough cash to get through a recession. Speculators are waiting for their opportunity to pounce. Source: Sundry Photography / Shutterstock Snowflake (NASDAQ:SNOW), the data warehouse stock technically based in Montana, has lost half its
You may want to put a bit more money aside for mom’s carnations this Sunday. Because, just like everything else, flowers are getting more expensive. For Mother’s Day on May 9, the National Federation of Retailers, a trade organization, predicts that people will spend up to $31.7 billion, up 12% on last year. The group
EV upstart Lucid Motors (NASDAQ:LCID) delivered a strong earnings beat with its first-quarter results. Investors were lackadaisical, though, as LCID stock shed close to 12% of its value on its post-earnings sell-off. Analysts were expecting the EV firm to lose 31 cents per share on sales of $55.6 million. However, actual results came in significantly
El Pollo Loco Holdings Inc. reported first-quarter sales that beat expectations, and says the second quarter is off to a strong start thanks to a limited-time Shredded Beef Birria menu item. El Pollo Loco’s take on the food trend is shredded beef served in tacos, quesadillas and burritos with consomé dipping sauce, chips and salsa.
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
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