The benefits of merging BB&T and SunTrust to create Truist Financial (NYSE:TFC) are still trickling in more 18 months on, but TFC stock has had a pretty good year. Source: PopTika/ShutterStock.com Branches are being closed where the two banking systems overlap. Computer systems are still being combined (as I know, being a SunTrust customer). A “robo-advisor”
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Gold futures looked set to take a breather on Friday, capping a strong week and month for bullion that has seen the commodity on the verge of closing out July at around a six-week high. December gold GCZ21, -0.23% GC00, -0.18%, the most-active contract, was down $3.90, or 0.2%, at $1,831.90 an ounce, following a
It’s finally happening. Shareholders approved the long-awaited merger between Churchill Capital and Lucid (NASDAQ:LCID) on Friday. This was the last roadblock to making the deal a reality. As such, as of Monday, CCIV stock has converted into LCID stock. The company is known as Lucid Group and trades on the Nasdaq. Source: T. Schneider / Shutterstock.com The
I once spent a few minutes on the phone with Ron Popeil, the legendary pitchman who died on Wednesday in Los Angeles at the age of 86 . Naturally, he tried to sell me a gizmo to cook my Thanksgiving turkey. To be fair, that was the point of the call. I was interviewing Popeil,
Buying Opendoor Technologies (NASDAQ:OPEN) would be a no-brainer if it were just a technology platform. OPEN stock sits 45.6% below its Feb. 26 high. Source: PREMIO STOCK/Shutterstock.com But the digital real estate transaction system decided to get high on its own supply. It began buying homes itself, riding the crest of the industry wave. With
Teenagers and college students seem to get the short end of the stick in many ways. But the job market this year — with so many employers having trouble getting workers — spells good news for young workers. Savvy parents and grandparents can leverage this situation — more jobs available, higher starting wages and even
Tesla (NASDAQ:TSLA) has been stuck in a relatively tight trading range in recent months, mostly hovering around the high $500’s or mid $600’s range. Let’s review why TSLA stock may be one of the worse investments in the world at this time – and not regain its recent highs for quite some time. Source: Sheila
Uber Technologies Inc. shares fell more than 4.5% in extended trading Wednesday after a report that SoftBank Group Corp. is selling about a third of its stake in the company. Citing people familiar with the matter, CNBC reported that SoftBank 9984, -4.84% is selling 45 million shares in Uber UBER, +0.70% to cover about $4
It’s an old joke: Call me a taxi. OK, you’re a taxi. (rimshot) But what’s not a taxi? Uber Technologies (NYSE:UBER). Today’s Uber is a different beast from the ride-hailing firm that first offered stock on the New York Stock Exchange at $42 a share in May 2019. Source: TY Lim / Shutterstock.com More than
In a surprise to pretty much no one, megacap tech giants Alphabet, Apple and Microsoft each comfortably beat earnings estimates for the June-ending quarter. Carl Kawaja, a fund manager at asset management giant Capital Group and the chairman of Capital Research and Management, doesn’t have issues with any of these tech giants. But he wonders
Guardian Fund, a Dutch-based investment fund, had good things to say about Palantir Technologies (NYSE:PLTR) in its first-quarter 2021 report. The fund believes Palantir is “one of the more important global software companies.” Additionally, it noted the company has invested more than $200 million in eight companies that could pay big dividends in the future.
Intel Corp. promised to fight Advanced Micro Devices Inc. for the crucial data-center market, but AMD Chief Executive Lisa Su isn’t scared. “We will fight for every socket,” Su said on AMD’s AMD, -0.86% earnings call Tuesday, mimicking Intel INTC, -2.08% CEO Pat Gelsinger’s promise “to fight for every socket in the market,” made three
Investing in Hyliion (NYSE:HYLN) stock is really a matter of judging the company’s future direction. It wouldn’t be incorrect to state that the company could revolutionize the trucking industry. After all, if it can successfully commercialize its retrofit, hybrid diesel and natural gas powertrains for class 8 vehicles, it can rise massively. Source: Vitpho/Shutterstock.com A
He was a glutton for punishment. A Texas man had his sentence more than doubled after he was caught running a $12 million invoice fraud while awaiting trial for a separate multi-million dollar cattle scam. Stewart Kile Williams, 31, of Sweetwater, had pleaded guilty in March to creating a trench-digging service for the oil industry
FuboTV (NYSE:FUBO) is likely on track to produce positive free cash flow (FCF) or come very close to it next year, given the streaming company’s huge subscriber growth. This should become clear to investors and analysts alike when the company produces its Q2 2021 results on Aug. 10. I project that FUBO stock will spike
Tesla Inc.’s profit topped $1 billion for the first time in the company’s history and its sales nearly doubled, zooming past Wall Street expectations, but there was no stock rally late Monday as a “limited” battery supply and the ongoing chip shortage crimped the Silicon Valley electric-car maker’s output and forced it to delay the
It certainly hasn’t been easy to stay the course with intimate apparel and swimwear retailer Naked Brand Group (NASDAQ:NAKD). Investors have had to deal with the huge price moves of NAKD stock, sometimes even on a daily basis. Source: NazarBazar/Shutterstock.com Some folks likely took a position in Naked Brand Group as a wager that shoppers would
The sixth time was a charm for the Dow Jones Industrial Average, closing above the largely symbolic 35,000 milestone for the first time Friday, as the stock market capped a buy-the-dip rebound from a sharp selloff that opened the week. The Dow DJIA, +0.68% ended with a gain of 238.20 points, or 0.7%, at 35,061.50,
PENN stock may be down almost halfway from its high-water mark. Yet, placing a wager on Penn National’s (NASDAQ:PENN) rebound is far from a sure thing. Yes, it does have big exposure to the iGaming (online casinos and sportsbooks) megatrend. Its land-based casinos are also set to recover. But even after its big decline, both factors
The sudden collapse of a condo building in South Florida has many Americans worried about the safety of their own condos and apartments. But residents and buyers alike can take steps to ensure the building they inhabit is secure and not prone to such a disaster. In late June, Champlain Towers South, a 12-story waterfront