The numbers: The consumer price index climbed 0.5% in July, the Labor Department said Tuesday. Economists polled by The Wall Street Journal had estimated a 0.5% advance. That’s down from a 0.9% gain in June. The rate of inflation in the 12 months ended in July remained at 5.4% for the second straight month, a
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Is Peloton (NASDAQ:PTON) a fad pushed artificially higher by the pandemic, or a trend that’s just taking off? That’s the question investors have been asking about PTON stock for quite some time. The company, which operates a fitness platform for live and on-demand indoor cycling classes, received an obvious boost as the pandemic shuttered gyms.
Welcome to the latest edition of Big Spender, which explores the world of big-ticket products and looks at the less-expensive alternatives. Have an item to suggest? Email [email protected]. The pitch Fashion-conscious folks may already be looking ahead to sweater-weather season and seeking out the perfect cardigan for those chilly fall days. Khaite, a women’s fashion label
Although it is not over, meme-stock mania looks to be dissipating. Lofty valuations are coming down to Earth as retail investors take their profits. Clover Health Investments (NASDAQ:CLOV) stock is an unfortunate casualty of this trend; the shares of the healthcare technology company are down 47% this year. Source: Shutterstock Clover Health, a Medicare insurance
Dear MarketWatch, I am single and own a home on which I have deferred repairs, such as a new roof and an upgraded electrical system. The house was built in 1925, and the prior homeowner remodeled but did not bother with the electrical upgrade. I would like to get solar installed, but that requires a massive
Skillz (NYSE:SKLZ) is at an inflection point, with short interest of about 17%. The online mobile multiplayer video game company wants to pivot to online gambling. But the market has its doubts about SKLZ stock. Source: NYCStock / Shutterstock.com Skillz shares spiked to more than $45 in February. The stock is down since that peak,
Harley-Davidson has rolled out a new $605 million debt deal backed by loans to buyers of its iconic motorcycles, as the 10-day annual bike rally roars through Sturgis, South Dakota. The world’s largest motorcycle rally has been shaping up to be the busiest in years, despite the recent surge in COVID-19 cases due to the
It doesn’t get much worse than this for a new public company. Just one month ago, ride-hailing app DiDi Global (NYSE:DIDI) launched its initial public offering (IPO) in New York. Source: zhu difeng / Shutterstock.com Investors plowed into the highly-anticipated IPO in hopes of buying the Uber (NYSE:UBER) of China on the cheap. Instead, DIDI stock quickly
A confluence of factors have led the rank and file at Big Tech companies to leave what were coveted jobs a decade ago for the potential riches of startups and young public companies, with some participants calling it the “Great Resignation.” In much the same way that Apple Inc. AAPL, -0.48%, Google parent Alphabet Inc.
News of DraftKings (NASDAQ:DKNG) getting into the non-fungible token (NFT) business may have given its shares a boost late last month. But that’s not the main thing to focus on with DKNG stock. The future of the company’s sportsbook operations is still the main driver. For now, it appears set to remain one of the
The price of bitcoin met resistance as it closed in on its 200-day moving average Sunday. Bitcoin BTCUSD, -1.83% rallied as high as $44,575 early Sunday — almost hitting its 200-day moving average of $44,600 — before slipping. The world’s largest cryptocurrency by market cap was last trading at about $43,700 on Sunday night, according
Technology isn’t stagnant. It’s always evolving. Throughout history, we’ve seen that when technology evolves particularly fast, the world undergoes a mass, disruptive makeover that historians like to call “Industrial Revolutions.” Source: Shutterstock The First Industrial Revolution happened about 255 years ago – in the late 1700s – when humans learned how to harness the power of
The delta variant is twice as contagious as the original strain of the coronavirus that causes the disease COVID-19, and its ability to infect so many more people, including a small number of the fully vaccinated, is going to make it even harder to achieve herd immunity. “Delta is here, vaccinations have stalled, and breakthrough
Stuck in a trading range since March 2021, Palantir (NYSE:PLTR) needs a positive catalyst to rally again. Yet, in recent trading sessions, the Nasdaq has started losing its bullish momentum. So, what does PLTR stock need in order to attract sustained buyers from here? Source: Ascannio / Shutterstock.com After high-flying software stocks like Amazon (NASDAQ:AMZN)
While there are hundreds of stock market indicators and oscillators, most investors and traders only need a few. One of the most popular oscillators is RSI (Relative Strength Indicator). Created by a brilliant engineer, Welles Wilder, RSI tells when an index or a stock is overbought or oversold. Like most “bounded” oscillators, it has a
NBA fans: Did you see Chris Paul this year? Source: monticello/ShutterStock.com You have a 36-year-old in his 16th NBA season who is supposed to be in the waning part of his career. This is when he’s supposed to be relaxing on the bench and providing moral and coaching support to the young bucks, for a
MARKETWATCH FRONT PAGE S&P 500 sectors’ relative strength rankings are flashing red. See full story. I’m a 39-year-old single dad with $600,000 saved — I want to retire at 50 but don’t know how. What should I do? Have a question about your own retirement savings? Email us at [email protected] See full story. Why retirees
Sales growth is nice but at some point, it has to translate into real profits or at least positive cash flow. Moreover, with a $37 billion market value, at some point investors will want to see something for their money. That’s the quandary Cloudflare (NASDAQ:NET) currently finds itself in following the release of its Q2
Each day more employers are telling employees they need to be vaccinated against COVID-19 to work in person or risk being fired. On Thursday CNN revealed it had fired three unvaccinated employees for violating the company’s vaccine requirement for in-person workers, according to an internal memo signed by Jeff Zucker, the cable network’s president, and
Over recent publications, I’ve been generally skeptical about QuantumScape (NYSE:QS). Although the company has groundbreaking potential for its research and development of solid-state batteries (SSBs), putting your money into the mix is another matter. But eventually, even something as disappointing as QS stock may get its day in the sun. Source: Michael Vi / Shutterstock.com