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
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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
Novavax Inc. shares gained in the extended session Wednesday after the biotech drug maker said initial data showed its COVID-19 vaccine booster showed immune responses against the omicron variant. Novavax NVAX, -4.07% shares ended after-hours trading up 4.8%, after rising as much as 6% and dropping as much as 8% from their Wednesday close of
One of my favorite stock market indicators is insider buying. Source: Shutterstock As legendary investor Peter Lynch once said: “Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise.” And those insiders know more about their business, its recent operational trends, and
Dear MarketWatch, My mother recently passed away. My brother had been living with and caring for her for a couple of years and was the one to find her after she died. Her will states that the house is to be shared equally between all her children, but also that my brother who has been
QuantumScape (NYSE:QS) a development stage company focusing on the commercialization of solid-state batteries for the EV industry would like to put away as quickly as possible its stock price performance in 2021. Source: Michael Vi / Shutterstock.com At the close of the U.S. stock market on Dec. 20, 2020, QS stock price of $23.67 had
Is West Virginia really that bad? The state is trending in the news after actress Bette Midler, responding to West Virginia Democratic Sen. Joe Machin’s decision not to back President Joe Biden’s $2 trillion spending bill as is, declared it something akin to America’s armpit. Manchin “wants us all to be just like his state,
Once one of the top-rated market debuts via a reverse merger with a special purpose acquisition company, Virgin Galactic (NYSE:SPCE) traded for nearly six times its initial offering price of $10. However, that was back in February, when post-merger SPACs enjoyed the peak of their success. As of the close of Dec. 17, SPCE stock
Whether households prefer a constant, increasing, or decreasing path of consumption in retirement has important implications for our understanding of retirement adequacy. If people want steady consumption, they need more assets at retirement than if they plan to let their consumption decline over time. Read: Want to be a better investor? Sign up for our
Lucid Group Inc (NASDAQ:LCID) has kept things interesting for investors in 2021. The past month or so has been particularly challenging. LCID stock reached major highs in November as the company and its investors celebrated big milestones. Source: ggTravelDiary / Shutterstock.com However, December has been a dumpster fire in comparison. And with shockers like an
The folks at Fundstrat Global Advisors have some good news and bad news for Wall Street, as investors and traders face the penultimate week of action in 2021: Monday’s stock slump is a precursor to more pain, but things could get better for the bulls closer to Christmas. Read: Dow plunges and Nasdaq nears correction
California-based online entertainment platform Roblox (NYSE:RBLX) empowers people to play video games and socialize in a vast, 3D, virtual world. Since the company was an early-stage entrant in the red-hot metaverse space, RBLX stock has generated major buzz on Wall Street. Source: Miguel Lagoa / Shutterstock.com Indeed, as the term “metaverse” gained traction in the financial
U.S. stock-index futures were trading sharply lower Monday morning, following a losing week on Wall Street amid worries about politics, Fed policy and the fast-spreading omicron variant of COVID-19. How are stock-index futures trading? S&P 500 futures ES00, -1.32% fell 62 points, or 1.3%, to 4,547.50. Dow Jones Industrial Average futures YM00, -1.21% dropped 438
The first time I wrote about Digital World Acquisition Corp (NASDAQ:DWAC) and DWAC stock, I gave Donald Trump the benefit of the doubt. Source: Dmitry Demidovich/ShutterStock.com “There is no question he brings a different mindset to social media, which ought to create some real buzz with a particular segment of the American population,” I wrote
Netflix Inc. will slow the content spigot a bit in January, giving viewers a chance to catch up on recent releases — but that doesn’t mean there’s nothing notable on the way. After nearly two years off, the popular crime drama “Ozark” (Jan. 21) returns for seven episodes in the first half of its fourth
Fat search profits have made Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL) stock 2021’s hottest “Cloud Czar.” Source: achinthamb / Shutterstock.com The company has earned $103.84 per share over the last four quarters. That let the stock rise 65% while the price to earnings ratio remained at an almost-reasonable nearly 29. Google’s early dominance was based on search advertising.
Forget the salad bar and ping-pong table at the office — workers want substantial benefits, and in some cases, they may already have them. Retirement Tip of the Week: As we head into the new year, review what benefits your company already offers and take advantage of these offerings as much as you can. Don’t
BlackBerry Limited (NYSE:BB) as 2021 is coming to its end, should terminate once and for all its meme stock status that sent it to perform relatively well amid poor fundamentals. Instead, the best option to survive and become a leader in the technology sector would be to find its economic moat and explore it as
It’s hard to believe that 2021 is nearly over. Time seems to go faster and faster, doesn’t it? And now that 2022 is upon us, retirees and Americans who are still working and saving for retirement should be aware of some data points that may come in handy in the new year: Savings and contributions