The Biden administration is considering extending the pandemic pause for federally-backed student loans beyond May 1 SoFi Technologies (NASDAQ:SOFI) CEO Anthony Noto believes it will do more harm than good Investors shouldn’t worry about what this means for SOFI stock In early March, White House Chief of Staff Ron Klain stated that President Biden might
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Ford Motor Co. will pause production next week at a Michigan plant that produces Mustangs due to the ongoing chip shortage. “The global semiconductor shortage continues to affect Ford’s North American plants,” the auto maker said in a statement Thursday. “Behind the scenes, we have teams working on how to maximize production, with a continued commitment
By now, I’m sure you’ve heard of the metaverse and stocks like Matterport (NASDAQ: MTTR). CNBC contributor Sam Shead explains the metaverse is “a 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
Oil prices slumped early Thursday, as traders absorbed reports that the U.S. is planning a hefty release of crude reserves, hours ahead of an OPEC+ meeting outcome. Price action West Texas Intermediate crude for May delivery CL.1, -4.22% CL00, -4.22% CLK22, -4.22% fell $4.67, or 4.3%, to $103.09 a barrel. The contract climbed 3.4% on
If real estate is part of your investment portfolio, you’ve probably done really well in recent years. But that doesn’t mean that Zillow Group (NASDAQ:ZG) stock will be a solid pick in the next few quarters. Source: OpturaDesign / Shutterstock.com The coming months look to be challenging for Zillow and the housing industry after a
Waymo has started offering free rides in its autonomous cars — with no one behind the wheel — in San Francisco. “This morning in San Francisco, a fully autonomous all-electric Jaguar I-PACE, with no human driver behind the wheel, picked up a Waymo engineer to get their morning coffee and go to work,” the company
Ark Investment Management fully exited its Palantir Technologies (PLTR) position in March. Cathie Wood’s firm held more than 30 million shares in early February. The portfolio manager’s exit should not influence your decision about the company. Source: Spyro the Dragon / Shutterstock.com It’s been a couple of weeks since star portfolio manager Cathie Wood fully
Markets are easier to understand when two of the world’s most liquid asset marketplaces are telling the same story about the economy. This isn’t one of those times. On the one hand, there’s the bond market, where the 2-year TMUBMUSD02Y, 2.322% yield briefly was above the 10-year TMUBMUSD10Y, 2.417% yield, and where other parts of
After taking heavy losses, SNAP stock is finally printing something positive. Nevertheless, it is worth considering the heavy competition in play. Snap may be left fighting for the youth market, which is fickle. Source: Ink Drop / Shutterstock.com Though a popular social media platform for Generation Z, Snap (NYSE:SNAP) — the company behind the Snapchat
At 7 a.m., it can be the time for a morning coffee while 8 p.m. can be time to have supper, watch your favorite television shows, or even enjoy a glass of wine. If you have a Robinhood account, it’s also becoming a time to play the stock market during extended trading hours — but
Crowdstrike is only halfway back to its November high Revenue beat estimates in the latest quarter Cybersecurity remains a hot niche Source: T. Schneider / Shutterstock.com Crowdstrike Holdings (NASDAQ:CRWD) stock has been rising since the start of the Russia’s invasion on Ukraine. Shares opened Mar. 28 at $220.15 each. They were bouncing around $160 before
Stock futures are rising, as optimism is in the air over a potential breakthrough for negotiations between Ukraine and Russia on Tuesday. Obviously not just markets would welcome a halt in the humanitarian disaster. Apart from that obvious point, other worries have focused on disruptions to farming in the global breadbasket of Ukraine. “The #1
Alphabet GOOGL, GOOG) — Tech giant pouring funds into creating another growth unit. Meta (FB) — Leader in social media and owner of Oculus virtual reality (VR) platform. Nvidia (NVDA) — Powering all things technology and not missing out on the next growth opportunity. Roblox (RBLX) — Online gaming platform that will leverage metaverse for more
On the heels of its milestone Academy Awards victory, Apple Inc. shares notched their longest winning streak in more than a decade Monday. Apple shares AAPL, +0.50% ended slightly in the black Monday, gaining 0.5%, for their 10th consecutive trading session of gains. The stock picked up its longest winning streak since October 2020, when
DWAC stock is up an impressive 36% this year. DWAC stock recently fell below its 50-day moving average, an important threshold. It’s good for cynical reasons but caution is also prudent. Source: Ink Drop / Shutterstock Although I’ve discussed the topic ad nauseum across multiple platforms, the overwhelming reality of special purpose acquisition companies —
Walmart Inc. is ending cigarette sales in some U.S. stores after years of debate within the retail company’s leadership ranks about the sale of tobacco products, according to people familiar with the matter. Cigarettes are being removed in various markets, including some stores in California, Florida, Arkansas and New Mexico, according to the people and
Opendoor Technologies (NASDAQ:OPEN) is going to have passionate advocates. The company will also have individuals who will never use the technology. But like many things in society, that leaves a wide group of individuals in the middle. And it’s that group that will decide the outlook for OPEN stock. Source: PREMIO STOCK/Shutterstock.com Opendoor’s revenue
Tesla Inc. will pause production at its Shanghai “Gigafactory” this week amid a COVID-19 lockdown in the city, according to a new report. Bloomberg News on Sunday reported Tesla’s facility will suspend production for at least one day, starting Monday. The report said it was unclear if the pause will extend for more days, and
Should investors follow Warren Buffett’s lead and acquire shares of Occidental Petroleum (NYSE:OXY)? After all, OXY stock has essentially doubled on a year-to-date (YTD) basis. Source: Pavel Kapysh / Shutterstock.com OXY stock started surging when news first broke that Buffett is buying billions worth of the company’s stock through his holding company, Berkshire Hathaway (NYSE:BRK-A).
Netflix has a slate of acclaimed series returning in April, along with some potential new hits. “Russian Doll” (April 20), which premiered way back in 2019, is back for a second season. Natasha Lyonne stars in the existential comedy/drama about a woman who was stuck in a time loop in Season 1. The mysterious teaser