Rivian Automotive Inc. is slated to report first-quarter earnings after the bell Wednesday, with the EV maker battling a steep decline of its shares and fears of continued operational snags. Rivian RIVN, -20.88% stock was under renewed pressure this week amid reports that, after the post-IPO lockup period had passed, Ford Motor Co. F, -5.77%
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Given QuantumScape’s (NYSE: QS) relatively high valuation and the fact that its batteries, in a best-case scenario, won’t be commercialized for many years, the risk/reward ratio of QS stock is unfavorable at this point. Also worth noting is that investors are rather skeptical about pre-revenue companies such as QuantumScape in the current macro environment, while
After a volatile week, Wall Street is bracing for more losses as U.S. stock-index futures fell sharply late Sunday. Dow Jones Industrial Average futures YM00, -1.10% were last down more than 300 points, while S&P 500 futures ES00, -1.16% and Nasdaq-100 futures NQ00, -1.09% were each off around 1%. Cryptocurrencies fell over the weekend as
The number of zombie companies ebbs and flows with economic cycles and usually increases during recessionary periods. Diebold Nixdorf (DBD): The ATM machines business contributes to top-line growth as customers increasingly shift toward automation and self-service. Mattel (MAT): The toy company plans to produce more than a dozen movies, including the highly anticipated Barbie movie in 2023.
Americans still hold onto the dream of homeownership — but rising prices are giving them pause. A new poll from Gallup found that only 30% of Americans believe now is a good time to buy a house. It’s the lowest level on record since Gallup began surveying Americans on this question beginning in 1978, and
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
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