Wall Street was poised for a rebound on Friday ahead of key employment data, with tech futures in particularly climbing after well-received results from Amazon.com Inc., Snap Inc. and Pinterest Inc. That higher start comes a day after weak earnings and a warning from Meta Platforms sent those shares tumbling and dragged the broader market
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Investors in QuantumScape (NYSE:QS) haven’t had much to cheer since the electric vehicle battery maker went public via a merger with special-purpose acquisition company Kensington Capital Acquisition in November 2020. On its first day of trading, QS stock soared nearly 50%. Less than a month later, shares hit a high of $132.73, 465% above where
““The answer is not to defund the police, it’s to give you the tools, the training, the funding to be partners, to be protectors. The community needs you.”” That was President Joe Biden on Thursday during a meeting with New York City Mayor Eric Adams. Biden addressed his administration’s attempts to curb gun violence in
AMC Entertainment (NYSE:AMC) reported results for its fourth quarter on Feb. 1. They were some of the theater chain’s best results in recent memory. AMC stock gained more than 10% on the news. Source: Helen89 / Shutterstock.com “AMC’s 2021 results improved significantly as the year progressed, and we finished the year with the strongest quarter
U.S. stock futures on Thursday pointed to the end of a four-day winning streak, pressured by the weak outlook from social-media giant Meta Platforms. Futures on the Dow Jones Industrial Average YM00, -0.30% fell 133 points, or 0.4%, to 35359 Futures on the S&P 500 ES00, -1.08% dropped 1.1%, or 52 points, to 4525 Futures
Will the real Rivian (NASDAQ:RIVN) please stand up? Six days after going public, RIVN stock charged to a closing price of $172.01. That was 128% above its initial public offering (IPO) price of $78. But as of this writing, the stock can be had for 17% below its IPO price. Source: James Yarbrough / Shutterstock.com
Add electric-vehicle chargers, heat pumps, smart thermostats and more to the list of energy-efficiency home improvements that can earn homeowners a tax credit. The U.S. Environmental Protection Agency said Tuesday its Energy Star program, which already targeted water heaters, lower-impact appliances and other upgrades, now includes additional “green-minded” home improvements. Such upgrades are intended to
E-commerce firm ContextLogic (NASDAQ:WISH) stock rose a strong 16% in intraday trading on Monday without any apparent stock-related news to suggest a change in the troubled company’s fortunes. Source: sdx15 / Shutterstock.com WISH stock is still down 91% over the past year. Could Monday’s strong rally point to a sustained rebound in February? An Imminent
Federal regulators are expected to be asked as soon as Tuesday to authorize Pfizer’s COVID-19 vaccine for children as young as 6 months, and the first shots could come by the end of February, according to news reports Monday night. The New York Times and Washington Post both reported Pfizer Inc. PFE, -0.50% and its vaccine partner, BioNTech
SoFi Technologies (NASDAQ:SOFI) is really shaking things up in 2022, which can only be good for beleaguered SOFI stock. Source: rafapress / Shutterstock.com In mid-January, the company announced it finally got approval from the Office of the Comptroller of the Currency and the Federal Reserve to operate a bank subsidiary, which will be called SoFi
Americans have double vision when it comes to satisfaction with their lives and with the country’s direction. They are chipper on how things are going for them personally, but glum about what’s happening in the bigger world around them, according to a new Gallup poll. At a time when the pandemic is slogging toward its
Biotech is big business. And getting bigger. That’s good news if you’re investing in biotech stocks. According to market research firm Grand View Research, the global biotechnology industry is expected to reach $2.44 trillion by 2028, giving it a compound annual growth rate (CAGR) of 16% over the next seven years. Driving that huge growth
Stock futures pointed to a softer start for Wall Street as the month of February kicked off with a key manufacturing index ahead, and more earnings news from Exxon Mobil, Alphabet and General Motors. How are stock-index futures trading? S&P 500 futures ES00, -0.26% fell 0.2% to 4,493 Dow Jones Industrial Average futures YM00, -0.18%
In recent days, volatility in electric vehicle (EV) stocks has ratcheted up once again. Established and early-stage names alike have sold off. Fisker (NYSE:FSR) is no exception. Already moving lower, this latest, much sharper drop has pushed FSR stock back to around $11 per share. Source: T. Schneider / Shutterstock.com Now, this isn’t the first time
Does this spell the end of Wordle as we know it? The viral word-game sensation is going corporate after it was scooped up by New York Times Co. NYT, +3.38% for an amount “in the low seven figures.” The New York Times announced Monday afternoon its acquisition of the cult-craze game, which allows users six
Maryland-based pharmaceutical company Novavax (NASDAQ:NVAX) is a Wall Street disappointment right now. NVAX stock is down more than 40% so far this year. But that doesn’t tell the full story of the stock’s slide. Source: vovidzha / Shutterstock.com It was less than a year ago that NVAX stock traded for a hair under $330 per
Investors look set to snap up tech stocks on Monday, following an eventful week in which the major stock-market averages actually rose despite wild swings. What’s happening Futures on the Dow Jones Industrial Average YM00, -0.29% fell 69 points, or 0.2%, to 34526 Futures on the S&P 500 ES00, -0.06% were nearly steady at 4424
As a media and telecom conglomerate, AT&T (NYSE:T) has many moving parts. But when it comes to T stock, there’s one thing that’s been top of mind among investors. That would be the future of its dividend. Source: Lester Balajadia / Shutterstock.com At today’s prices, it has a forward dividend yield of 8.58%. In today’s
It’s time to seriously start asking yourself whether Netflix is worth it. With prices for its most popular plan jumping by $1.50 in February, Netflix is suddenly the most expensive major streaming service — more than even HBO Max. The problem is, after an end-of-the-year programming surge, Netflix is in reloading mode, and doesn’t have
In late summer 2021, DraftKings (NASDAQ:DKNG) rebounded to more than $60 and looked ready to find a new high. At its bullish peak, speculators bet that the National Football League (NFL) season start would lift DKNG stock. Traders also thought sports betting gaming license wins would be positive catalysts. Source: Tada Images / Shutterstock.com However,