Treasury yields initially rose after a stronger-than-expected jobs report Friday, but then turned lower, dragging the benchmark 10-year note below 1.50% as the data was seen doing little to alter the Federal Reserve’s view of the labor market. What are yields doing? The yield on the 10-year Treasury note TMUBMUSD10Y, 1.455% fell to 1.455%, compared
Daily Trade
It would be fresh in investors memory that Lucid (NASDAQ:LCID) stock surged from below $10 to highs of $64.86. This happened even before the special purpose acquisition company (SPACs) became announced publicly. After the announcement, LCID stock slumped to lows of $20. It’s a perfect example of investors selling on news and I believe that Ocugen
Current and former Boeing Co. directors have reached an approximately $225 million agreement to settle a shareholder lawsuit that claimed the plane maker’s board failed to properly oversee safety matters related to the 737 Max, according to people familiar with the matter. As part of the proposed settlement, Boeing BA, -0.16% has agreed to hire an ombudsman to handle internal
In the world of cryptocurrencies, any rally in Bitcoin (CCC:BTC-USD) is followed by upside in altcoins. Things seem similar for electric vehicle stocks where Tesla (NASDAQ:TSLA) is comparable to Bitcoin. With TSLA stock surging to all-time highs, it’s not long before other electric vehicle stocks follow. Nio (NYSE:NIO) is often referred to as the Tesla
Zillow’s ZG, +3.60% experiment in home-flipping has blown up in its face — and the company is blaming the “unpredictability” of home prices. Now, some are asking about the reliability of the company’s so-called Zestimates, which provides an estimate of a home’s value based on a proprietary formula. Zillow says a Zestimate is published for around
AMC Entertainment (NYSE:AMC) is making news again. For most of 2021, that has been a signal to the loyal AMC shareholders to send the stock to the moon. However, so far it looks like AMC stock is remaining relatively tame. That seems reasonable to me, but I’ll let you decide. Source: Helen89 / Shutterstock.com On Nov. 1,
The U.S. has surpassed 750,000 deaths due to COVID-19. According to data from Johns Hopkins University, the coronavirus has killed 750,410 Americans since the pandemic began in early 2020, as of Wednesday night. More than 46.2 million Americans have been infected with the virus. The U.S. leads the world in both of those figures, by
Dutch Bros (NYSE:BROS) is an Oregon-based regional coffee and cold beverages chain. The firm recently completed its initial public offering (IPO) of BROS stock to raise funds. Dutch Bros is in the process of becoming a national player, and can use the growth capital as it pushes into fresh new markets such as Texas. Source:
DENVER, Colo. (Project Syndicate)—For decades, we at the Rocky Mountain Institute (now RMI) have argued that the transition to clean energy will cost less and proceed faster than governments, firms, and many analysts expect. In recent years, this outlook has been fully vindicated: costs of renewables have consistently fallen faster than expected, while deployment has
Microsoft (NASDAQ:MSFT) is one of the premier tech giants on the market. The company has solid fundamentals and some special features that make investors happy, such as buybacks and dividend increases. With gains of about 50% year-to-date (YTD), MSFT stock has also outperformed the broader U.S. stock market. Now all eyes are on the fiscal 2022
ByteDance Ltd. founder Zhang Yiming has stepped down as chairman of the Chinese tech giant, according to reports late Tuesday, months after resigning as CEO of the TikTok parent. CEO Liang Rubo will take Zhang’s place as chairman, Bloomberg News and Reuters reported, citing sources familiar with the matter. Earlier Tuesday, ByteDance announced a plan
You’ve heard the saying that something could be too good to be true. On Wall Street that is an important concept, especially when it comes to dividends. Under normal circumstances, when a stock offers 8% in dividends I get leery. Today we will consider if there is a red flag with AT&T (NYSE:T) stock for
U.S. Securities and Exchange Commission Chairman on Tuesday defended the tough stance he and other regulators have taken on cryptocurrencies, arguing that there is a lot of “hype” in the markets for digital assets, and that investors in these markets lack the protection they enjoy in markets for stocks and bonds. Gensler was speaking during
The Ark Innovation ETF (NYSEARCA:ARKK) bought 2.1 million shares of Skillz (NYSE:SKLZ) on Oct. 21., according to 24/7 Wall St., the SKLZ stock buy brings the ETF’s total holdings of the esports gaming platform company to 13.3 million shares. Source: NYCStock / Shutterstock.com Although the SKILLZ position is only good for 0.70% of the ETF’s
DuPont de Nemours Inc. is planning deals that would remake the famed chemicals company, according to people familiar with the matter, following years of subpar performance in its shares. DuPont DD, +2.34% is nearing a deal to buy Rogers Corp. ROG, +3.54%, an electronics-materials specialist with a market value of nearly $4 billion, the people said. It also plans
How should investors play Pinterest (NYSE:PINS) stock now that it has seemingly been left at the altar by PayPal (NASDAQ:PYPL)? Source: Nopparat Khokthong / Shutterstock.com Shares of Pinterest, the popular image sharing and social media company, jumped 13% on Oct. 20 after it was reported that fintech giant PayPal was in talks to acquire it.
Billionaire Charlie Munger says he’s unfazed by criticism of a University of California, Santa Barbara, residence hall partially funded by his $200 million donation and stands by his vision for the project — where 94% of the student rooms won’t have windows. “I think the building will be a huge success,” Munger told MarketWatch. “If
Greenidge Generation (NASDAQ:GREE) is a newly public Bitcoin mining company now that its reverse merger with Support.com (formerly SPRT symbol) closed on Sept. 14. I wrote before that GREE stock was undervalued when it was around $25. I originally wrote that it was worth at least $57.49. And at $20.67 on Oct. 28, this implies it
A private gauge of China’s manufacturing sector rebounded in October, hitting its strongest level since June, thanks to improving domestic demand. However, a coronavirus flare-up in several regions in late October has led to worries over how long the improvement could last. The Caixin China purchasing managers index rose to 50.6 from 50.0 in September,
Dutch Bros (NYSE:BROS) is a coffee chain that went public in mid-September 2021. It became a big hit, climbing more than 100% from its original IPO target price of $23. Source: Alexander Oganezov / Shutterstock.com That’s an impressive financial return for the investors who believed in this operator and franchisor of drive-thru shops. Still, I