Whenever retailers talk about “meeting customers where they are”, it’s time to worry. Too often that means closing lots of stores and doubling down on digital, which is precisely the wrong thing to do. Retailers are in the business of making more money than they spend. With e-commerce, they don’t. With e-commerce and brick-and-mortar, they can. While
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It’s supposed to be “off season” in Washington D.C. right now. But, as opposed to taking advantage of their recess, legislators are moving forward with passing some hefty bills and budget plans. I’m talking, of course, about the $1 trillion infrastructure bill and $3.5 trillion 2022 budget plan. Both plans have passed the Senate, and
MARKETWATCH FRONT PAGE Friday marks the 200th session that the S&P 500 index hasn’t produced a drawdown of at least 5% from its recent peak, making the current stretch of equity levitation the longest since 2016, when the market went 404 sessions without falling by at least 5% peak to trough. See full story. Judge
Sofi Technologies (NASDAQ:SOFI) posted excellent second-quarter revenue and earnings on Aug. 12. This was its first quarterly report since SOFI stock went public via a special purpose acquisition company (SPAC) reverse merger. Source: rafapress / Shutterstock.com Sofi now has an $11 billion market valuation but has yet to make a profit for its shareholders. As
The Food and Drug Administration is expected next week to grant full approval of the COVID-19 vaccine from Pfizer Inc. PFE, -0.16% and partner BioNTech SE BNTX, +5.08%, according to people familiar with the planning, an action that could spur more vaccination requirements by employers and encourage more people who are hesitant to get vaccinated.
The world today is a lot different than it was 20 years ago. Laws have changed. Presidents have changed. Sports teams have changed. Lots has changed. But the most important of these changes has been the global takeover of technology. Twenty years ago, you worked by going to the office and writing things down on
As the 2020 coronavirus lockdowns ground America to a halt, a few early prognostications rang out. “New York is dead,” one pundit declared. “Are we going to work from home forever?” asked the New York Times. And plenty of publications, this one included, predicted that business travel would never go back to what it once
No matter what business it’s been in — smartphones, enterprise software, messaging or embedded automotive software — BlackBerry Ltd. (NYSE:BB) has worked hard to craft an identity around security. However, BB stock was in the headlines on Tuesday when it was announced that a security flaw had been found in its QNX software. Source: Shutterstock
Mortgage rates resisted the temptation to move upward after hitting the highest level in months a week ago. But research suggests that many households won’t manage to take advantage of the potential savings the low-rate environment represents. The 30-year fixed-rate mortgage averaged 2.86% for the week ending Aug. 19, down one basis point from the
Please tell me you didn’t miss it… The biggest event of the year… The single presentation that could’ve handed you the keys to scoring 30X or greater gains in the stock market over the next decade. I’m talking, of course, about our 1 to 30 Wealth Summit, which I hosted with legendary growth investor Louis
Gold futures drew some haven bids early Thursday as investors reacted to minutes from the Federal Open Market Committee on Wednesday that showed that monetary policy makers were on track to begin unwinding parts of their easy-money programs later this year. Minutes from the Fed’s July 27-28 meeting, underscored recent reports that point to a
AT&T (NYSE:T) stock has been a major disappointment for shareholders. T stock is down not just year-to-date, but also over the past 12 months. Additionally, it has lost roughly 25% of its value compared to where it traded prior to Covid-19. All this occurred in the midst of the huge market-wide bull run. Source: Jonathan Weiss/Shutterstock
Stocks? Where Robinhood HOOD, +6.71% is going, it doesn’t need stocks. When the company went public in July, it made no bones that it is a company built on growth assumptions and waist-deep in the world of cryptocurrency trading. On Wednesday, the $41 billion no-fee trading platform disclosed its first-ever quarterly earnings report and confirmed
You can’t blame bullish Sundial Growers (NASDAQ:SNDL) investors for thinking SNDL stock might have found a bottom. But after the company reported its second-quarter earnings, a double-bottom line of support was taken out around 78 cents a share. Source: Postmodern Studio / Shutterstock.com This should raise two immediate questions for speculators in Sundial Growers: How
U.S. Treasury yields edged up Wednesday as investors awaited the release of minutes of the Federal Reserve’s July policy meeting, which could offer clues to a timetable for the tapering of monthly asset purchases. Analysts warned, however, that the continued spread of the delta variant of the coronavirus that causes COVID-19 could make the minutes
Redmond, Washington-headquartered Microvision (NASDAQ:MVIS) is known for providing a technology known as lidar, or light detection and ranging. MVIS stock is among just a small handful of tradable pure lidar plays on the market right now. Source: Oskari Porkka/ShutterStock.com Lidar systems, just to give you a quick primer, use laser beams to form a three-dimensional image
As people watched chaotic footage of the American military withdrawal from Afghanistan as the Taliban seized political power, an increasingly common thought surfaced: how can I help? Google GOOG searches on Monday for the phrase “how to help Afghan refugees” were up 1,050% over the previous day worldwide. In America, searches under “how to help
Go ahead and browse any investment-related social media forum and you’ll quickly discover that Clover Health Investments (NASDAQ:CLOV) stock has a very strong following. Source: Shutterstock I’m not suggesting it’s a meme trade (which has become a controversial term), but CLOV stock certainly has meme-ish attributes. Is that alone enough to justify more than a
Honest Co. investors have had enough, analysts say, after a second-quarter earnings miss drove down the stock, which has already seen a 38.8% decline over the past three months. The benchmark S&P 500 index SPX, +0.26% has gained 7.6% during the period. Shares began trading on May 5. The stock was down 3.2% on Monday
Oracle Corporation (NYSE:ORCL) is leaning even harder into its cloud offerings with its latest announcement. Investors hope the company’s exciting new tech improvements can help push ORCL stock over the top. Source: Jer123 / Shutterstock.com That would be a neat trick considering how quickly Oracle has grown in recent months. It’s been a good growth