As of Dec. 1, Block (NYSE:SQ) is the new name of the company formerly known as Square. This portends its future focus on blockchain technology including Bitcoin (CCC:BTC-USD) and the company’s focus on digital payment assets and solutions. I would expect that, just like Meta Platforms (NASDAQ:FB) (parent of Facebook) changed its name to focus on digital
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Is it safe to party like it’s 2019? The new omicron variant of COVID-19, the disease caused by the new virus SARS-CoV-2, has complicated the prospect of heralding in the New Year with friends — even vaccinated ones. It’s just one night, after all. A bottle of champagne and some dancing. It couldn’t hurt. Or could
Investors in Palantir Technologies (NYSE:PLTR) are having a tough go of it lately. Shares of the big data firm are down around 30% in just over a month. And since hitting an all-time high of $45 in late January, PLTR stock is down 58%. Source: Sundry Photography / Shutterstock.com However, the earliest investors in Palantir
Amid the holiday cards coming in the mail and inboxes this season is a potentially not-so-nice greeting for some mutual-fund investors: capital-gains distributions. It’s not all bad news. A number of funds are paying out gains because stocks gained this year, with the S&P 500 index SPX, +0.95% up 22% through November (and has continued
The volatility in Lucid Motors (NASDAQ:LCID) has been increasing. That’s not too surprising given the run we’ve seen in LCID stock lately. At today’s price of $37.71, shares are up more than 130% from the Sept. 1 low. Source: ggTravelDiary / Shutterstock.com The simple fact is that Lucid has been on fire. Even as other
Is three going to be the new two? With employer vaccination requirements already widespread, workplace experts say it’s possible some companies will convert their full vaccination requirement, now two shots, into a three-shot requirement as the omicron variant emerges. Pfizer PFE, +1.34% and BioNTech BNTX, -9.33% said three of its vaccine doses can “neutralize” the
Jack Dorsey announced on Nov. 29 that he was stepping down as CEO of Twitter (NYSE:TWTR). TWTR stock gained 11% on the news; Dorsey also runs Square (NYSE:SQ), and CEOs running two companies generally doesn’t sit well with investors. Dorsey has a checkered past with Twitter. In 2008, the board sent him packing because his
Dollar Tree Inc. stakeholder Mantle Ridge said in a filing with the Securities and Exchange Commission late Friday that it has nominated a clean slate of 11 new members for the discount retailer’s board. Back in November, Mantle Ridge said it had bought a $1.8 billion stake in Dollar Tree DLTR, +2.25% for more than
Fast food has been a big winner in the COVID-19 pandemic. Just not hamburgers. Jack in the Box (NASDAQ:JACK) has now addressed the problem, buying Del Taco Restaurants (NASDAQ:TACO) for $575 million. It’s an all-cash deal, requiring no JACK stock. Source: LifetimeStock / Shutterstock.com But some analysts are suggesting JACK just bought more trouble. Before the
WASHINGTON—Senate Democrats are dropping a proposal that would have imposed taxes on vaping, removing a $9 billion provision backed by some public-health advocates from the party’s healthcare, education and climate-change bill, people familiar with the matter said. Lawmakers made the decision as they wrap up the details of the $2 trillion Build Back Better package and
The stock market got crushed last week. Then, just as quickly as the panic arrived, it left… This week, stocks have been rebounding with a fervor, and just three days into the trading week, the S&P 500 has basically already recovered all of its losses since the omicron variant emerged on Thanksgiving and caused the
This story has been updated to correct the total revenue, which we previously identified as missing analysts’ expectations. Costco reported first-quarter earnings Thursday. Getty Images Costco Wholesale Corp. on Thursday reported first-quarter profit and revenue that beat Wall Street expectations, as executives said the company is weathering supply-chain issues and inflationary pressures better than other
BlackBerry (NYSE:BB) is due to release its fiscal third-quarter earnings report on Dec. 21. Like most names, BB stock has suffered immensely due to the coronavirus and its new variants. However, investors will be looking for a solid performance with the worst of the pandemic apparently in the rearview mirror. However, it appears unlikely for
I was recently talking with a younger acquaintance about my decision to leave the workforce early. I’d left a demanding career to pursue my personal passions, while I was still young and healthy enough to do so. My acquaintance is in his early 30s. He’s single and makes a boatload of money working in IT for a pharma
Roku (NASDAQ:ROKU) seems to be in an enviable position. It operates the most popular streaming service in the United States. But as the world began to return to some semblance of normalcy, investors sold shares of this and other pandemic plays. Since hitting an all-time high of $490.76 in late July, ROKU stock is down
California is preparing for a third straight year of drought, and officials are tightening limits on water use to levels never seen so early in the water year. Most of the state’s water reservoirs are well below average, with several at less than a third of their capacity. The outlook for rain and snow this winter, when
GameStop (NYSE:GME) stock could have an awful day ahead as it released its quarterly numbers. Source: Shutterstock / mundissima Stay around in the equity markets long enough and you’ll find the never-ending debate between two analytical approaches, the fundamental versus the technical. You’ll often hear analysts talk about incorporating both approaches to offer some middle
Most boats were lifted in the stock market on Dec. 7, as investors apparently got over their fears of the latest coronavirus variant. Semiconductor stocks led the way, with gains far outpacing the broader market. Read: U.S. stock indexes rise Tuesday as omicron fears subside The Dow Jones Industrial Average DJIA rose 492 points, or
Metaverse altcoin Decentraland (CCC:MANA-USD) went over an all-time high of $5.90 in late November. However, MANA-USD has failed to continue the rally and slumped more than 25% since that peak. Source: Lichi / Shutterstock.com Despite the recent decline, MANA has returned about 60% in the last 30 days and currently trades at $3.89. With a
Democratic Sen. Joe Manchin of West Virginia on Tuesday continued to express concerns about President Joe Biden’s Build Back Better plan, citing high U.S. inflation. Federal Reserve officials are now say saying inflation is “not transitory and they’re hoping it’ll reduce, and we don’t know — we’ll have to wait and see,” Manchin said at