Oil prices tumbled below $100 a barrel on Tuesday, to levels not seen since before the Russian invasion of Ukraine three weeks ago, as investors reassessed the huge run-up in prices seen in recent weeks. Price action West Texas Intermediate crude for April delivery CL.1, -5.98% CL00, -5.98% CLJ22, -5.98% fell 5.1% to $97.72
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BRC Inc. (NYSE:BRCC) is the official name of the entity better known as Black Rifle Coffee. The company recently completed its merger with Silverbox Engaged Merger Corp. As a result, Silverbox’s ticker changed to BRCC. In the wake of the merger, BRCC stock has rallied sharply. Source: YuniqueB / Shutterstock The merger valued Black Rifle at
On Thursday, national average pump prices broke the record set just one day earlier. But even before retail gas prices broke all-time highs, drivers across the country were ready to veer into all sorts of fuel and money-saving tactics. Nearly two-thirds of drivers (59%) said they would change their driving habits if gas prices passed
Advertising platform Snap (NYSE:SNAP) has enjoyed the past month after reporting solid earnings. The market did not expect a blow-out quarter from the company but Snap proved them wrong. SNAP stock gained 23% in February and is trading in the $30s today. Source: dennizn / Shutterstock.com Although the stock is much lower than the highs it
After two tough, COVID-filled years, Carol McCoy was looking forward to a relaxing getaway. McCoy works as a registered nurse in Pompano Beach, Fla., and wanted to recharge. So last fall, she planned a trip to Cassadaga, Fla., also known as the “Psychic Capital of the World,” for this spring. She was excited to go
Amazon (NASDAQ:AMZN) stock will split 20:1 in June. The company also authorized a $10 billion share buyback. Source: Frederic Legrand – COMEO / Shutterstock.com Shares rose over $100 early on March 10, despite a 1.45% overall drop in the Nasdaq. Even at that level they are down over 13% since the start of the year. The
It was two years ago Friday that the World Health Organization officially declared the then-rapidly spreading coronavirus outbreak a pandemic. Many of us waved goodbye to co-workers as we headed home for what was supposed to be a two- or three-week stint in mid-March 2020. But, from that point on, COVID-19, the name given in
With all the turmoil in the market today, you may think the meme stocks trend is completely over-and-done-with. Mostly, because the factors that enabled it in the first place are no longer in play. For starters, between inflation, interest rates, and the Russia-Ukraine war, the market is in “risk-off” mode. More chancy investments have seen
Dear MarketWatch, I’m an inveterate rails-to-trails cyclist who most enjoys biking along rivers. I’d like to retire to a small town with easy access to hiking and biking trails, kayaking and other joys of the natural world. Can you suggest some walkable small towns (3,000-10,000 population) that are county seats and/or college towns, politically liberal,
Canadian Pacific Railway (NYSE:CP) stock has been rising since Russia invaded Ukraine. CP stock was due to open March 11 at $77.79, up from below $69 at the start of the month. They’re now up 8% so far this year. Source: Shutterstock Canadian Pacific investors have been hoping for gains ever since the company announced
Inflation that’s accelerated well past the Federal Reserve’s 2% long-term target in the post-pandemic recovery poses a significant policy challenge. That has only gotten harder by an energy-price shock through the economy with unknown duration from the Ukraine conflict. Inflation is the fastest it’s been in 40 years. The consumer price index surged 7.9% in
The junkmen are coming for Kohl’s (NYSE:KSS) stock. Source: Sundry Photography/Shutterstock.com Since December, activist investors have been pushing the company to sell or at least spin-off its real estate and e-commerce units. The board reacted by rejecting two takeover offers and adopting a “poison pill” aimed at preventing a “hostile takeover.” The pressure increased last
Dear Quentin, I am my father’s oldest child from his first marriage. I have a younger half brother and half sister from his second and third marriages, and I also have a stepsister. We get along, but don’t often do family gatherings. My father doesn’t have a will. He lives in Washington state. He has
Clover Health (NASDAQ:CLOV) is in deep trouble. CLOV stock was due to open March 10 at about $3 per share. That is a market cap of just under $1.3 billion, which on 2021 revenue of $1.5 million looks horrendous. On expected 2022 revenue of $3.24 billion, however, maybe that is not so bad. Source: Wirestock
The sting of gasoline prices above $4 a gallon leaves some Americans rethinking their driving options, and just how aggressively they burn gas while driving. For some drivers, the double-edged sword of rising inflation after the worst days of the COVID-19 pandemic and Russia’s war in Ukraine leading to a spike in gas prices may
Downward revisions to revenue growth forecasts severely hurt Matterport’s (NASDAQ:MTTR) stock price. Shares are down around 79% from their November 2021 highs around $33. The price is in a precipitous decline that accelerated when the company reported scarier operating losses last month. Key corporate insiders bought the dip on MTTR stock in February. Could better
Shares of Chinese companies flagged for possible delisting in the U.S. slid in Hong Kong and Shanghai trading Friday, a move that analysts said highlighted geopolitical tensions but would have little immediate impact on the companies’ operations. In Hong Kong afternoon trading, fast-food-chain operator Yum China Holdings Inc. YUMC, -10.94% slumped 8.2%, on track for
It is hard to believe that this is the first time I have written about Affirm Holdings (NASDAQ:AFRM) and AFRM stock. Source: Joaquin Corbalan P / Shutterstock.com The San Francisco-based buy-now-pay-later (BNPL) firm went public at $49 on Jan. 12, 2021, selling 24.6 million shares and raising $1.21 billion in the process. The company’s share
London’s nickel market will stay closed at least until next week, a person familiar with the exchange said, giving the London Metal Exchange more time to resolve a crisis caused by a huge loss-making trade originating in China. The London Metal Exchange paused trading in nickel Tuesday, the first time it had suspended a market since 1985. The
Shares of Chinese e-commerce giant Alibaba (NYSE:BABA) have been in a downtrend since October 2020. Yet, a year ago, I bet few China perma-bulls expected BABA stock would be flirting with the $100 level for the first time in more than half a decade. Source: BigTunaOnline / Shutterstock.com After losing 57% of their value in