The U.S. Strategic Petroleum Reserve is the world’s largest emergency stockpile of crude oil, but talk of a release from the reserve may be only a short-term fix to high prices of oil and gasoline. “Tapping the SPR will only address the symptoms of what is driving prices higher and cannot solve the tightness in
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What was once a blip on the radar that many analysts viewed as a passing fad became one of the most consequential developments on Wall Street. I speak of course of the phenomenon that is meme stocks, loosely defined as publicly traded securities that have an incredible following on various social media platforms. But while
Celltrion Inc.’s shares rallied Monday after the European Commission granted the South Korean biotech firm approval to market its COVID-19 antibody treatment. The European approval of Regdanvimab, marketed by Celltrion as Regkirona in South Korea, drop up the company’s stock price 068270, +9.60% as much as 18% to 251,000 Korean won ($212.72) after the news
Just a year ago, Gamestop (NYSE:GME) was widely considered nothing more than an old-school, brick-and-mortar video-game retailer. As a result, there was not much interest in GME stock. Yet there was a groundswell of support for Gamestop which was growing quietly, on an Internet forum known as Reddit. A sub-forum on that site, r/WallStreetBets, was preparing
Best Tech Gifts 2021: Our Favorite Gadgets Our tech gift guide will tell you the best phones and tablets to buy. But we can also recommend home-fitness systems, wrist cameras, follow-me robots and more, all tested by WSJ’s Personal Tech team. Nov. 14, 2021 at 9:00 a.m. ET by Nicole Nguyen
Dear MarketWatch, I am 49 years old (turning 50 this year) and my wife is 34. We have two young children under the age of 2, and twin girls, age 11, from my prior marriage. College for the twins is fully funded in a 529 plan and I save monthly in 529 plans for my
With cryptocurrencies posting blistering performances recently, those on the sidelines are increasingly tempted to jump in. At the same time, direct exposure to individual blockchain coins and tokens has its own set of risks outside of market volatility. For an alternative, many have turned to crypto miners like Stronghold Digital Mining (NASDAQ:SDIG) stock. Source: Mark
It was recently announced that Swedish electric car maker Polestar Performance AB will be going public via a merger with special purpose acquisition company Gores Guggenheim (NASDAQ:GGPI). The new company will be renamed Polestar Automotive Holding UK and is to be listed on Nasdaq under the ticker symbol “PSNY”. Right now, GGPI stock is pretty
When Elon Musk polled his Twitter followers over the weekend about whether or not he should sell his Tesla stock, it might have seemed like the typical oddball move for the billionaire entrepreneur. But financial professionals said Musk’s tweet was possibly driven by the desire to employ a smart, end-of-year tax strategy. And they note
Earlier this year, trading shares of New York-based virtual content provider fuboTV (NYSE:FUBO) was a risky proposition. The price action of FUBO stock was like a roller-coaster ride, and not ideal for cautious investors. Source: Lori Butcher/ShutterStock.com However, moving into the last two months of 2021, the situation seemed much calmer … until the pain from
Billionaire Elon Musk sold nearly $2 billion in Tesla Inc. stock on Thursday and Friday for a roughly $7 billion total on the week, which happened to be the worst for Tesla stock in more than a year. Filings with the Securities and Exchange Commission made public Friday showed Musk sold more than 600,000 Tesla
First, there was the meme token known as Dogecoin (CCC:DOGE-USD). Then came Shiba Inu (CCC:SHIB-USD), which actually managed to overtake Dogecoin in popularity. Yet, there’s a third canine-themed coin, Floki Inu (CCC:FLOKI-USD), and I don’t recommend dismissing Floki Inu as an also-ran. Source: Wit Olszewski I’ll admit that as an old-school, fundamentals-focused investor, I had difficulty taking any
How many years of lagging stock portfolio returns would you tolerate in order to avoid the bursting of a stock market bubble? That in effect is what Wall Street’s “permabears” are asking. They’ve been bearish on U.S. stocks for a number of years now, and therefore they (and their clients) have missed out on one
On Oct. 13, GitLab (NASDAQ:GTLB) had a successful IPO, with the stock priced at $77 per share. Now almost a month later, GTLB stock is now at $121.27. So, virtually everyone who bought in around the time of the IPO has made money. Source: Lori Butcher / Shutterstock.com The problem is there is no more
The co-founder and former chief of MoviePass Inc. is getting ready to test whether the popular — though failed — theater subscription service can return for a sequel with a new business model. Stacy Spikes, now helming a company called PreTechnology Inc., intends to test a revised business strategy during the busy holiday season between
C3.ai (NYSE:AI) has had a seriously underwhelming 2021; AI stock has dropped more than 60% year-to-date. That said, most of the damage was done in the spring, when shares tumbled from $120 to $50. Since then, AI stock has moved in a trading range as investors wait for new developments from the firm to reset
Shares of Walt Disney Co. dove toward an 11-month low Thursday, as multiple analysts cut price their price targets, even the bullish ones, in response to the media and theme-park giant’s disappointing earnings and outlook for Disney+ subscribers. But Wall Street remained overwhelmingly bullish on Disney’s prospects, highlighting the expected continued rebounds in the company’s
Gores Guggenheim (NASDAQ:GGPI) is the latest SPAC (Special Purpose Acquisition Company) stock to start revving its carbon-free engine. The blank check company completed its initial public offering (IPO) in March and announced its reverse merger with Electric Vehicle (EV) maker Polestar in September. GGPI shares are now trading at a roughly 7% premium to trust
Planning a trip to visit family for the holidays this year? You won’t be alone — and that makes the potential for widespread flight delays and cancellations all the more likely. With nearly 200 million Americans vaccinated against the virus that causes COVID-19 and the delta variant receding, many more people are feeling comfortable taking
It’s no shock Greenidge Generation (NASDAQ:GREE) has been bouncing back lately. After all, bullish sentiment is returning to GREE stock now that Bitcoin (CCC:BTC-USD), the crypto it mines, is up near all-time highs. But there’s also a longer-term catalyst that GREE fans have high hopes about: Its expansion plans. Source: Mark Agnor / Shutterstock.com GREE’s latest success