Apple Inc. closed 11 retail stores in New York City for an undetermined amount of time Monday amid a surge in the omicron variant of COVID-19. “We regularly monitor conditions and we will adjust our health measures to support the well-being of customers and employees,” Apple AAPL, +2.30% said in a statement Monday. “We remain
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At one point, Skillz (NYSE:SKLZ) stock was supposed to be the hot new thing in the online gaming industry. By letting players compete for real cash prizes, it would bridge the gap between gambling and e-sports. Or that was the idea, anyway. Source: NYCStock / Shutterstock.com Skillz stock hit $46 at one point early in
U.S. stock benchmarks rose Monday, with gains in technology shares helping to establish an intraday record for the S&P 500, which could lead to its 69th record close of 2021. But premarket trading showed travel-related names under pressure after surging COVID-19 cases triggered hundreds of U.S. flights to be scrapped. How are stock benchmarks trading?
Months after the special purpose acquisition company (SPAC) bubble burst, investors are still shying away from these assets. We’ve seen this play out with both SPAC stocks that have “de-SPACed” and companies with deals still pending. Granted, among de-SPACed names, some are still up big from their initial offering price (typically $10 per share.) For
China’s industrial profits increased at a slower pace in November, official data showed Monday, as raw material producers faced softer commodity prices. Industrial profits in November rose 9.0% from a year earlier, compared with October’s 24.6% increase, said the National Bureau of Statistics. For the January to November period, China’s industrial profit grew 38.0% on
New Mexico-headquartered Virgin Galactic (NYSE:SPCE) was famously founded by billionaire Richard Branson with a vision of taking people who aren’t necessarily professional astronauts into space. It’s an intriguing business model — one you’ll need to believe in if you plan to hold SPCE stock for the long term. Source: Christopher Penler / Shutterstock.com So far, it
Take a cruise during a pandemic at your peril. Some passengers on the Florida-based Carnival Freedom CCL, -0.24% cruise ship were crying foul over their curtailed Christmas-cruise schedule due to an undisclosed number of passengers testing positive for COVID-19. It’s the third Florida-based cruise ship with passengers who tested positive for the coronavirus this past
BlackBerry (NYSE:BB) has been under strong selling pressure in the last month. However, the meme stock is still up 38% year-to-date. But with BB stock down 8.9% in the last month and investors getting ready to turn the page on 2021, should speculative investors remain patient while BlackBerry’s business model comes to fruition? Source: Shutterstock
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2021 has been a record year for initial public offerings (IPOs) worldwide as 2,388 new companies listed their shares. In the U.S., the IPO market reached an all-time high with more than 900 companies going public, raising $300 billion in 2021. DigitalOcean Holdings (NYSE:DOCN) went public in late March 2021. DOCN Stock raised $775 million in
‘Tis the for season for cancelations. Thousands of flights were canceled over Christmas weekend worldwide, as the COVID-19 omicron variant continued its rapid spread, putting pressure on staffing at both airports and airlines. There were 3,685 flights canceled worldwide on Christmas Day and 857 flights to or out of the U.S., according to FlightAware, which
Robinhood Markets (NASDAQ:HOOD) stock has played out the full boom and bust pattern inside the space of six months. Like so many other meme stocks, Reddit’s preferred stock trading platform went through its own hype cycle this year. Source: Sulastri Sulastri / Shutterstock.com Robinhood completed its initial public offering (IPO) at the end of July
In an economy in which most people can’t afford to retire ever, let alone by age 65, many of those who are able to retire are in a significantly better financial position than others. One of the core principles of wallet activism is aligning your money to your values, and that almost certainly includes finding
Upstart (UPST) as a concept is extraordinary in my eyes because it assigns credit ratings with a much more forward-looking approach than traditional loan facilitators do. Furthermore, the AI used by the firm is flawless, with speed and accuracy being the name of the game. Source: Postmodern Studio / Shutterstock.com However, as an investor, it’s
Friends and families relying on at-home rapid COVID-19 tests to safely celebrate the holidays should do those tests as close to the point of arrival as possible, and not one or two days earlier or even the morning of. The standard thinking until now has been that performing a rapid test one to three days
This was the year Oracle (NASDAQ:ORCL) was finally recognized as a cloud player. When ORCL stock hit its all-time high on Dec. 6, investors were looking at a 67% year-to-date gain. Today, shares are up a little more than 40%, thanks in part to the omicron downdraft but also thanks to Oracle’s purchase of Cerner
As the IPO market slowed down at the end of 2021, companies that had been expected to jump on the hot market were left out in the cold, but many of them are still expected to test the waters in 2022. Technology companies dominated the market for initial public offerings in 2021, representing nine of
Rivian (NASDAQ:RIVN) recently hit new lows on Dec. 17 after reporting earnings. RIVN stock fell 10% as a result of a top- and bottom-line miss, the company’s first report as a public company. Source: Miro Vrlik Photography / Shutterstock.com Even with the drop, Rivian commands a market capitalization of $84 billion. That’s more than Ford
The numbers: Initial jobless benefit claims were unchanged at 205,000 in the week ended Dec. 18, the U.S. Labor Department said Thursday. The previous week’s figure was revised down by 1,000. Economists polled by The Wall Street Journal had estimated new claims would total 206,000. Before the pandemic, initial jobless claims averaged about 220,000 a week.
As someone who extensively covered cryptocurrencies during the past year, one of the concerns I had was oversaturation. Namely, it’s difficult to establish the applicability of one blockchain over another. I feel the same way about Gores Guggenheim (NASDAQ:GGPI). While the underlying electric vehicle manufacturer Polestar may look good for GGPI stock on paper, the