Dear Quentin, My wife and I have struggled for years financially. She is disabled, and I’m the main source of income for our family. I’m 59 years old, and my wife is 58 years old. During the 2008 housing crisis, things got worse and we lost our home. We lived three years in an apartment
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The pandemic had brought our lives to a standstill. Thankfully, the vaccines are effective against it and have worked as a light at the end of a dark tunnel. But the new Covid variant has brought back the anxiety and stress associated with the pandemic. The World Health Organization has called it a “variant of
FRANKFURT, Germany (Project Syndicate)—Many countries are reporting their highest rates of inflation in decades: 6.2% in the United States, 4.2% in the United Kingdom, 5.2% in Germany, and above 4% in the eurozone. Some insist that it is a temporary phenomenon; others fear that we must brace ourselves for an extended period of significant price increases driven by expansionary monetary policies and rising
DraftKings (NASDAQ:DKNG) has been tumbling since it reached a recent peak closing price on Sept. 9. at $63.67 per share. At $31.21 as of Dec. 2, DKNG stock is now down more than 50% since then. Moreover, since peaking at $71.98 on March 19, the stock is now down 57%. Source: Lori Butcher / Shutterstock.com
Paging Chico Marx. “Who are you gonna believe—me or your own eyes?,” the comedian famously asked in “Duck Soup.” And we investors are facing a similar challenge from the experts and regulators who are here to look after us. Today’s topic is the famously crazy “3X” retirement portfolio that we are repeatedly told we Must
Opendoor Technologies Inc. (NASDAQ:OPEN) operates a digital platform for residential real estate in the United States, enabling consumers to buy and sell a home online. On Nov. 11, I highlighted what Zillow Group (NASDAQ:Z) backing out of the home-flipping business means for OPEN stock. Source: Tada Images / Shutterstock.com At the time, I expressed my
DocuSign Inc. emerged as a hot pandemic stock play last year as it benefited from the need for digital contract tools, but the company lost more than 40% of its valuation Friday after suggesting the pandemic-induced demand boom is waning. Shares of DocuSign DOCU, -42.22% fell 42.2% Friday, by far their steepest single-day percentage decline
To call Senseonics Holdings (NYSEAMERICAN:SENS) a penny stock isn’t to say it sells for a penny. The phrase refers to any stock with a low price and low market capitalization, and SENS stock currently goes for about $2.70 per share. Such stocks are always speculative, and the low market cap makes them easy for investors
Eli Lilly & Co.’s LLY, -0.93% monoclonal antibody drug has been cleared for emergency use in children under the age of 12, the Food and Drug Administration said on Friday. The authorization is the first for an antibody drug to treat young children, including newborns, who have tested positive for COVID-19 or been exposed to
After an extended period of consolidation, Lucid (NASDAQ:LCID) stock has surged strongly in the last month. During this period, the stock has nearly doubled. Source: ggTravelDiary / Shutterstock.com Unlike the rally prior to the company’s merger with its SPAC , the recent gains have not been based on speculation. However, it would make sense to
U.S. stock futures traded flat to lower on Friday, as investors awaited November jobs data, at the end of a volatile week driven by headlines over the omicron coronavirus variant and hawkish comments from Federal Reserve Chair Jerome Powell. How are stock-index futures trading? S&P 500 futures ES00, -0.21% slipped 0.1% to 4,569 Dow Jones
Following an early initial public offering (IPO) state of bliss, the Chinese ride-hailing and delivery group DiDi Global (NYSE:DIDI) has left its investors with little cheer. On June 30, DIDI stock made a historical public debut, the second-biggest U.S. IPO by a Chinese company after Alibaba (NYSE:BABA). Source: DANIEL CONSTANTE / Shutterstock.com DIDI stock started trading
U.S. stocks rebounded Dec. 2 with a bounce into the close from a widespread wipeout the day before. Investors were eager to buy the dip, as you can see from the list below. On Dec. 2, the Dow Jones Industrial Average DJIA, +1.82% rose 1.8%, reversing its 1.3% slide the previous day. The benchmark S&P
At its $69.89 peak, investors’ confidence in Jumia Technologies (NYSE:JMIA) also reached its highest point. The euphoria ended when the Nasdaq sank well below its February 2021 highs. JMIA stock fell steadily throughout the rest of the year. There’s a good chance that Jumia will fall further even though it’s trading close to its 52-week
Dear Quentin, My dad died on Nov. 12, with no will, in Indiana. He has three children. He moved to be near his home town in Indiana from Louisiana about four years ago. One of my siblings was there during his illness and signed a do-not-resuscitate. My dad has a small life-insurance policy, a 401(k),
Spatial data company Matterport (NASDAQ:MTTR) went public in July following a special-purpose acquisition company (SPAC) merger with Gores Holdings VI. Matterport received $605 million in total cash in this SPAC deal, including $310 million from Gores Holdings VI and $295 million from other institutional investors. That’s a lot of money for the company, but is
Thanksgiving and Black Friday are done; bring on the country’s most famous Christmas tree. Yes, it’s already time for the Rockefeller Center Christmas Tree lighting ceremony in New York City, an annual holiday tradition spanning almost 90 years. While the COVID-19 pandemic closed off last year’s lighting ceremony to the public, this year, people are
If you bought shares of Rivian Automotive (NASDAQ:RIVN) at or near its peak in mid-November, it’s been a bad couple of weeks for you. RIVN stock is 34% off its high of $179.47, made days after the electric vehicle maker went public. And, unfortunately, I don’t see RIVN stock making a comeback any time soon.
Before the omicron variant of the virus that causes COVID-19 emerged, global supply chains were hanging by a thread due to labor shortages, factory shutdowns and elevated demand for goods, especially leading up to the holiday season. Now omicron, which the World Health Organization has deemed a “variant of concern,” is making that thread even thinner.
Bill Ackman’s Pershing Square Tontine Holdings (NYSE:PSTH) announced a new proposal in an 8-K filing on Nov. 26 that would issue a new kind of warrant to its shareholders. The warrant would be free and would have the short form name SPARs (Special Purpose Acquisition Rights). As a result PSTH stock is now trading above