Fed Chairman Jerome Powell and President Joe Biden are rolling the dice on runaway inflation and slow growth. Global supply-chain disruptions and cost pressures on businesses are likely to persist into 2023 but by merely phasing down purchases of Treasury and mortgage-backed securities, the Fed is still adding significant liquidity. Delaying until mid-2023 raising interest rates keeps money cheap for speculation. “The Fed will be under enormous
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It’s hard to say that Tilray (NASDAQ:TLRY) has had a tough year. Right now, TLRY stock is up 32% year-to-date (YTD) and 53% for the past 12 months. However, in this market, long-term memory isn’t cool. The shares are down almost 18% for the past three months. That’s what gets eyeballs when it comes to
Two versions of the Lucid Air, featuring a 500-mile driving range on a single charge, sit atop the updated guide to the most fuel-efficient vehicles. The report and site, the 2022 Fuel Economy Guide, is aimed at consumers and put out each year by the Environmental Protection Agency and the Department of Energy, with research
Forever starts now: that’s the credo of Rivian Automotive (NASDAQ:RIVN). Now that the company has completed its initial public offering (IPO), RIVN stock is available for public trading and you can try out the shares of this ambitious electric vehicle (EV) start-up. Source: James Yarbrough / Shutterstock.com Rivian specializes in big vehicles, especially trucks and SUVs.
Dear MarketWatch, I’m not planning on crossing over anytime soon; however, I’m at the age where I need to get my finances in order. I have only one child. The only real asset I have is my condo, which I still have a mortgage on. I’m curious as to what happens to my condo after my death as
Power grids stretching from Texas to the Midwest are at risk of shutting down if a prolonged deep freeze hits this winter, regulators warned Thursday. The main Texas grid, which is unique in its state-run, and not regional, format, could see a power shortfall of 37% in extreme conditions, the North American Electric Reliability Corp. (NERC) said
In a record blitz of initial public offerings (IPO) like Progenity (NASDAQ:PROG), you’re going to encounter two incontrovertible facts. First, retail investors will have increased opportunities to put their money to work (or at risk). Second, not every one of these recent IPOs will enjoy outsized success. From the looks of it, PROG stock is heading
Based in Canada, cannabis company Tilray (NASDAQ:TLRY) is slowly making its moves into the U.S. cannabis market. Now, it’s ready to pounce once full U.S. legalization hits. If this happens, expect TLRY stock to take off. Source: Shutterstock How is this company ready to strike? For starters, back in August, Tilray bought the majority of
Rivian Automotive Inc. stock fell slightly more than 15% in midday trading Thursday, extending losses for a second straight session. Rivian RIVN, -16.13% shares traded as low as $120.60 after ending 15% in the red on Wednesday, their first stumble following the EV maker’s initial public offering. That’s still a hefty gain from its $78
This year’s Thanksgiving dinner could stretch your wallet even worse than your waistline. That’s the dish from the latest American Farm Bureau Federation survey, which has been itemizing the average cost of several dishes traditionally served at Thanksgiving dinner for almost four decades. The Farm Bureau’s shopping list includes enough turkey, stuffing, sweet potatoes, rolls
ContextLogic (NASDAQ:WISH) operates Wish, an e-commerce platform that facilitates transactions between sellers and buyers, focusing on the budget-conscious consumer. Founded by Piotr Szulczewski and Danny Zhang back in 2010, this company has grown rapidly due to its innovative business strategies and easy-to-use platform. However, due to issues surrounding quality on the platform and wider reopenings,
To discuss the buy-worthiness of the top 10 meme stocks, we first need to define what those top 10 meme stocks are. Of course, there are multiple ways to define the category. For instance, we could put together a list based on some arbitrary measure like the market capitalizations mentioned on Reddit’s r/WallStreetBets. That would
The debt ceiling is returning for a new season. It promises to be full of drama as yet another deadline — Dec. 15 — looms for Congress to raise the debt limit or put millions of Americans’ livelihoods at stake. Lawmakers reached a last-minute October agreement to raise the debt limit by $480 billion to
Elon Musk sold a large chunk of Tesla Inc. stock for the seventh straight day Tuesday, bringing him nearly halfway to his Twitter promise of selling 10% of his stake in the company. According to filings with the Securities and Exchange Commission, Musk exercised more of his options and sold more than 934,000 shares Tuesday,
Shares of all-electric pickup truck maker Rivian Automotive (NASDAQ:RIVN) continue to soar on the heels of a spectacular first week. After pricing at $78, RIVN stock now trades at $172 per share — a spectacular 120% gain. Sporting a $152 billion market capitalization, Rivian is the biggest initial public offering (IPO) of the year. It’s also
After months of trading sideways, EV battery maker Quantumscape (NYSE:QS) has seen a big jolt in its share price. Thanks to the passage of the U.S. infrastructure bill, and progress with setting up its manufacturing operations, QS stock is up over 71% in the past month. Source: Michael Vi/Shutterstock.com As this latest run-up wraps up,
The perfect inflation hedge hasn’t been found. That’s unfortunate, since U.S. inflation has taken a big jump, intensifying the search for an investment that will thrive during times of high inflation. A perfect inflation hedge should satisfy two distinct criteria, and no one yet has figured out how to construct an investment vehicle that does
Shares of online mobile multiplayer video game competition platform Skillz (NYSE:SKLZ) stock are finally recovering, gaining 54% in the last month. After an excellent debut, the stock struggled and lost a lot of steam. But if it pulls back a little more, this looks like an excellent video game stock for your portfolio Source: NYCStock
Nearly a quarter of U.S. adults say they log on to Twitter TWTR, +1.34% for everything from news to sports to politics. But very few of those users are there to tweet. Most of the tweets on the social-media platform come from a minority of users, a new pair of reports from Pew Research Center
Progenity (NASDAQ:PROG) is a biotech firm focused on treatments and testing products for a variety of diseases. Historically, PROG stock has been a disappointment. Since its initial public offering (IPO) in 2020, shares dropped from $13 to a low of under $1 per share. Recently, however, Progenity enjoyed a big short squeeze that brought shares