Daily Trade

Kering said Wednesday that it is confident of further growth in the year ahead and that it will raise its dividend for 2022, despite a tough end to the year that saw a drop in sales at its core brand Gucci. Fourth-quarter revenue at the French luxury-goods group KER, -0.92% fell 7% on a comparable

Heavily shorted meme stocks have become a major draw for speculators in the stock market. These stocks are characterized by their high volatility, popularity, and short interest by investors. The rise of these meme stocks has been fueled by the power of social media and its ability to influence the masses. These heavily shorted meme

The Environmental Protection Agency said Tuesday it’s taken a big step in getting the $27 billion tagged in the Inflation Reduction Act for cleaning up greenhouse gas emissions into the hands of the communities who’ve long lived in the shadow of polluting industry and heavily-trafficked highways, which decades ago were built directly through populated neighborhoods.

When markets closed last month, it became official: Cathie Wood’s ARK Innovation ETF (NYSEARCA:ARKK) had scored its best-returning month in its 9-year history. The 27.8% return in January was a welcome reversal for the struggling fund. The ETF had lost around 80% of its value since 2021. And it made some of Ms. Wood’s most

The impact of Microsoft Corp.’s plan to lay off about 10,000 workers will reportedly be felt at LinkedIn. The Information reported Monday that LinkedIn, the Microsoft-owned business- and employment-focused social network, laid off workers in its recruiting department Monday. Specific numbers were not available. LinkedIn did not immediately respond to MarketWatch’s request for comment late

It’s safe to say that it has been tough in recent days for Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL) investors. Since the unveiling of the Google parent’s Bard artificial intelligence (or AI) platform, GOOG stock has tumbled by around 11.6%, back down to double-digit price levels. The market is not very confident that Bard will enable the tech

On the same day that COVID vaccine mandates were lifted in New York City, Mayor Eric Adams didn’t rule out the need to reinstate them in the future, because the virus is “not going away.” His statement comes as the U.S. Department of Health and Human Services hosts a call Monday to discuss the transition

In recent articles on SoFi Technologies (NASDAQ:SOFI), I have been bearish on SOFI stock, for numerous reasons. Most of these reasons are short-term in nature. For example, renewed worries about macroeconomic issues like inflation and interest rates could knock the stock back lower. Also, further headwinds related to the student loan repayment pause may also

Super Bowl bettors need all the breaks they can get. Those who will be licking their wounds after the big game will undoubtedly ask, “Will the IRS give me a tax break on my Super Bowl gambling losses?” The IRS has an answer: Yes, but with caveats. The Kansas City Chiefs won Sunday’s showdown against

After years of astounding gains, one might be led to assume that Amazon (NASDAQ:AMZN) stock can’t possibly disappoint its investors. Yet, every company is vulnerable to macroeconomic issues, including Amazon. The past 12 months were painful for overeager Amazon shareholders, and unfortunately, the next year might not be much better. As the old saying goes,

If you tuned into the Super Bowl in 2022, you would’ve seen Larry David in an ad for crypto exchange FTX, in which he played a crypto skeptic who wasn’t sure that the platform would ever take off. As it turns out, he was right. In November, FTX filed for bankruptcy and former chief executive

From January, up until this week, it may have seemed as if Google parent Alphabet (NASDAQ:GOOG,NASDAQ:GOOGL) were emerging out of its recent slump. During this timeframe, GOOG stock rallied by more than 20%. Last month’s layoff news may have been a big reason for this, but renewed hopes that the tech giant is not falling

How are you feeling about your financial situation right now? Half of Americans say they are doing worse financially now than they were a year ago. That’s the highest share since 2009, according to the latest annual poll from Gallup. But not everyone is feeling the pinch, with 35% saying they are better off compared

Source: Shutterstock After doubling off its 52-week lows, Tesla (NASDAQ:TSLA) stock continues to climb. The market’s high pessimism for TSLA stock at the start of the year seems to have shifted into high optimism. Hopes are that this electric vehicle (EV) maker can continue to thrive despite current economic challenges. Even as other growth stocks

Patrick Mahomes has a $450 million contract with the Super Bowl-bound Kansas City Chiefs, but the quarterback still is nowhere near as wealthy as this year’s halftime headliner, Rihanna. Rihanna’s net worth is $1.4 billion, according to Forbes estimates, meaning she’ll be the richest person on the field this Sunday — and one of the

Source: gg5795 / Shutterstock.com Sent straight to the stock market junkyard at the end of last year, Lucid Group (NASDAQ:LCID) made a remarkable comeback last month. Although the broad market rally set shares in motion, the emergence of takeover speculation is what really put LCID stock back into the fast lane. On Jan. 27, shares

Dear Quentin, I am a budding options/futures trader with my own sole proprietor investment business.  Heading into 2022, I took on a large cash infusion of $500,000 from friends and family under the guise of a promise I made to issue a 10% return on their money. This promise was made via a signed promissory

How much risk can you tolerate on a multi-year time frame? It’s time to conduct a gut-check, as electric vehicle (EV) manufacturer Rivian Automotive (NASDAQ:RIVN) is ambitious but not in an ideal capital position. Thus, RIVN stock could provide great wealth over the next five years, but investors should be cautious and maintain small position sizes.

“ We’re technology neutral at the SEC, but we’re clearly very focused on American protection…330 million Americans are our clients. ” — Gary Gensler, Chair of the U.S. Securities and Exchange Commission U.S. Securities and Exchange Commission Chair, Gary Gensler, defended his agency’s move against crypto exchange Kraken on CNBC’s Squawk Box Friday morning, saying

Tech and crypto could dominate as the hot stocks for tomorrow. We’re still seeing the Federal Reserve and earnings control the headlines now. That’s as investors continue to fret about rate hikes from the Fed and a potential recession at some point this year. It’s also as the S&P 500 continues to “climb a wall