An earlier version of this article misstated the number of shares and the total dollar amount invested in Concord Acquisition Corp., by Ark Investment Management’s ARK Fintech Innovation ETF. The error has been corrected. Cathie Wood’s ARK Invest has purchased shares of the special-purpose acquisition company, or SPAC, that is merging with Circle, one of
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ContextLogic (NASDAQ:WISH) stock has left most investors wishing that they’d never heard of the company in the first place. The e-commerce firm went public in December 2020 and appeared to have bright prospects. It was growing at a rapid clip and seemed to have a unique model that would earn it a solid place in
Ready for today’s retirement investing pop quiz? What’s the single most consequential thing you can do to improve your chances of not running out of money in retirement? I’ll try answering this question in a minute, but I’ll note first that chances are good that this question isn’t just hypothetical but applies to you personally.
Shares of GameStop (NYSE:GME) have rewarded investors very well in 2021. The stock had gains of about 250% for the past year with a closing price of $128.06 on Jan. 12. 2022. On the other hand, GME stock has already losses of 15% in 2022. The erratic moves of the stock with a 52-week range
BEIJING–China’s trade surplus hit a record high in 2021, boosted by strong exports that have topped market expectations since their pandemic recovery. For the full year, China’s exports rose 29.9% to a new high of $3.36 trillion, beating 2020’s record of $2.6 trillion, according to data released by the General Administration of Customs on Friday.
After the Federal Reserve said that it would raise interest rates in 2022 at least three times, SoFi Technologies (NASDAQ:SOFI) ended its uptrend. Few investors will find a correlation between the market’s “risk-off,” or aversion to less established credit services firms, to SOFI stock. Since the market is a forward pricing machine, Sofi’s slump in
Roughly 66,000 borrowers will see their private student loans cancelled — totaling more than $1.7 billion in relief — thanks to a deal between 39 state attorneys general and student loan giant Navient NAVI, +1.05%. In addition, the agreement will provide about $95 million in payments to 350,000 federal student loan borrowers, who Navient
With the Fed’s latest moves raising concerns that the “everything bubble” has more room to deflate, hot stocks may seem like the last area you should invest in right now. Sentiment for crypto, tech stocks, and speculative growth plays may be shifting. But that doesn’t mean you should avoid every stock that was red hot
Cryptocurrencies, also known as virtual currencies, have gone mainstream. That’s for sure. For example, you can use bitcoin BTCUSD, -0.24% to buy a Tesla TSLA, +3.93% and to buy or pay for lots of other things. However, using cryptocurrencies has federal income tax implications. Here’s what you need to know at 2021 tax return time
As recently shown, investing in Allakos (NASDAQ:ALLK) proves the inherent danger within the biopharmaceutical sector. After reaching a 52-week high of more than $157, ALLK stock plunged late in December and now sits just above $8 per share. Source: luchschenF / Shutterstock.com Biopharma companies often live and die by the initial success of a single
After decades in hibernation, inflation woke up in 2021 in a terrible rage. The consumer price index increased 7% in 2021, the fastest pace in 39 years. The inflation story is bound to be a big one in 2022 as well, as the Federal Reserve tightens monetary policy, stock markets SPX, +0.15% DJIA, -0.05% tremble
With Covid-19 concerns fading and travel stocks attracting attention in today’s market, it is only natural that investors will be looking to capitalize on this opportunity. The United States just removed its travel restrictions for international travelers and other countries are following in its footsteps. The White House has announced that Dr. Anthony Fauci, the
“‘What a moron. Jesus Christ.’” — Dr. Anthony Fauci, after questioning from Sen. Roger Marshall On Tuesday, Dr. Anthony Fauci delivered testimony from critical Republican senators who accused the government’s top infectious disease expert of trying to “take down” some scientists who disagreed with him. But it was something that Fauci didn’t mean for the
Right after Thanksgiving, when omicron and the Fed scared the markets, it appeared likely that AMC Entertainment (NYSE:AMC) was ready to capitulate. In my view, changes in market sentiment was going to be what finally took AMC stock, one of the meme stock legends, down to a price more in line with its fundamentals. Source: rblfmr/Shutterstock.com
With COVID-19 infections reaching peak levels, Walgreens Boots Alliance Inc. should get a boost from demand for vaccine administration and at-home testing, Mizuho analysts say. Walgreens WBA, +0.83% reported fiscal first-quarter results that beat expectations last week, and raised its full-year outlook. The pharmacy retailer also announced that has created a new healthcare reporting segment
Ever since Block, Inc. (NYSE:SQ), formerly known as Square, released its earnings for Q3 on Nov. 4, its stock has been in a free fall. As of Nov. 3, it was $252.48, but by Friday, Jan. 7, SQ stock closed down $110.90 to just $141.54. That represents a decline of 43.9% in just over 2
“I think we’re all going to get it. It’s just a matter of time.” How many times have you heard a friend or family member say that in the last few weeks? The Centers for Disease Control and Prevention has relaxed its isolation guidelines. Is it any wonder that some people appear to be letting
Still moving lower, it’s debatable whether SoFi Technologies (NASDAQ:SOFI) is about to bottom out. On one hand, it’s easy to see it moving lower. The factors that started to push SOFI stock and similar plays lower in November remain in play. Source: rafapress / Shutterstock.com On the other hand, after hitting a new 52-week low, the fintech
The U.S. is still weeks away from a peak in the number of new COVID-19 cases as the country continues to report soaring rates of new infections due to the rapid spread of the highly transmissible omicron variant. Airlines are still canceling flights, citing weather and outbreaks among workers. More lawmakers are testing positive for
There is huge pent-up demand for hedonistic holidays like cruising the Caribbean. Stocks like Royal Caribbean (NYSE:RCL) have remained stuck in the market’s drydock waiting for an all-clear. Paradoxically, omicron could set RCL stock free to sail the seas again. Source: NAN728 / Shutterstock.com While the omicron variant of Covid-19 is very scary, especially to