Investing News

Mentions of GameStop increased on Reddit days before shares of the video-game retailer took off again, according to Justin Zhen, co-founder of Thinknum, a tech firm that compiles alternative data sets for investors. “In the last 24 hours, we saw the number of occurrences of mentions for GameStop spike. It actually started spiking about four

The telecommunication sector is made up of companies that make communication possible on a global scale, whether it is through the phone or the Internet, through airwaves or cables, through wires or wirelessly. These companies created the infrastructure that allows data in words, voice, audio, or video to be sent anywhere in the world. The

Traders work on the floor of the New York Stock Exchange. NYSE Bonds have been shunned by many investors as rock bottom rates made them unattractive relative to equities. On Thursday, the bond market may have gained an upper hand in the eyes of some investors. The 10-year Treasury yield jumped 9 basis points to

The deadline to both file and pay 2019 federal income taxes was extended to July 15, 2020, due to the economic disruption caused by the COVID-19 pandemic. The extension was announced by then-U.S. Treasury Secretary Steven Mnuchin in March 2020. Key Takeaways The deadline to file and pay 2019 taxes was extended to July 15,

A GameStop store is pictured in New York, January 29, 2021. Carlo AllegriI | Reuters Shares of GameStop surged more than 90% in afternoon trading on Wednesday as investors poured into the brick-and-mortar retailer amid a C-suite shake-up. GameStop announced Wednesday that its chief financial officer Jim Bell will resign on March 26. “Mr. Bell’s

Since its inception in 1978, the 401(k) plan has grown to become the most popular type of employer-sponsored retirement plan in America. Millions of workers depend on the money that they have invested in these plans to provide for them in their retirement years, and many employers see a 401(k) plan as a key benefit

Pavlo Gonchar | LightRocket | Getty Images The firm that provides clearing and settlement services for brokers proposed shortening the time it takes to settle a trade, amid the GameStop controversy that caused brokerages like Robinhood to restrict trading. The Depository Trust & Clearing Corporation, or DTCC, outlined what a T+1, or one-day settlement period,

Most Americans encounter some form of debt in their lives. However, not all debts are created equally and some are considered better than others. Indeed, while debt comes in several forms, all personal debt (not corporate or government debt) can be categorized within a few main types, including secured debt, unsecured debt, revolving debt, and

Workhorse W-15 Electric Pickup Truck. Source: Workhorse Shares of Workhorse Group dropped more than 50% at one point on Tuesday after the company was passed over for a key contract from the U.S. Postal Service. Amid heightened volatility, the stock was halted multiple times during the last half hour of trading, before ultimately finishing the

Even if you’ve managed to avoid sitting through a company benefits meeting, you’re no doubt familiar with the concept of a 401(k) plan. A 401(k) is a defined-contributions plan. You sock away a set amount each paycheck, your employer may match some percentage of the contribution, and years later you declare your own financial independence.

Janet Yellen, U.S. President-elect Joe Biden’s nominee to be treasury secretary, speaks as Biden announces nominees and appointees to serve on his economic policy team at his transition headquarters in Wilmington, Delaware, U.S., December 1, 2020. Leah Millis | Reuters Treasury Secretary Janet Yellen issued a warning Monday about the dangers that bitcoin poses both

Key Takeaways Analysts estimate adjusted EPS of $2.81 vs. $1.89 in Q4 FY 2020. Data center revenue is expected to rise YOY. Revenue is expected to show robust growth amid the COVID-19 pandemic. Nvidia Corp. (NVDA), already a major force in semiconductors, could become even more dominant and reshape the industry with its proposed $40

Pavlo Gonchar | LightRocket | Getty Images Hedge funds are still licking their wounds after a retail trading frenzy forced the industry to slash its overall exposure to stocks, leading to an underperformance in 2021. Last month, an army of retail investors who coordinated on social media managed to push GameStop shares up 400% in

Victoria’s Secret, a subsidiary of L Brands Inc. (LB), has its own branded credit card named the Victoria card. Here is a discussion of the card’s benefits, drawbacks, and the type of consumer for whom the credit card is best suited. Its chief competitors are cards from Gap and Lane Bryant. Where Can the Victoria

An image from the video taken by multiple cameras as NASA’s Perseverance rover landed on Mars on Feb. 18, 2021. NASA/JPL-Caltech NASA on Monday released first-of-its-kind video of a spacecraft landing on another planet, as multiple cameras captured its Perseverance rover touching down on the surface of Mars. The U.S. space agency landed Perseverance on

Everybody has an opinion on how much cash you should keep in your bank account. The truth is, it depends on your financial situation. What you need to keep in the bank is the money for your regular bills, your discretionary spending, and the portion of your savings that constitutes your emergency fund. Emergency money

Citadel CEO Ken Griffin dismissed the idea that the firm improperly uses information it garners from its market-making operation as it comes under scrutiny from Congress about its role in the GameStop mania last month. “I think there’s been a number of misperceptions about the data we receive from the brokerage community. In fact, a

Fannie Mae—known officially as the Federal National Mortgage Association (FNMA)—is a government-sponsored enterprise (GSE) chartered by Congress to stimulate home-ownership and provide liquidity to the mortgage market. It was established in 1938 during the Great Depression as part of the New Deal. Its purpose is to help moderate to low-income borrowers obtain financing for a home.

Adam Jeffery | CNBC After experiencing unusually broad market momentum since November, stocks are overdue for a lengthy pause or a correction. Stock picking will matter from here as the economic reopening determines different winners and losers. According to a team of J.P. Morgan strategists, “it wouldn’t be surprising to witness consolidation” given the current

Hedge funds employ some of the best-paid business professionals anywhere, but landing your first job in the industry is no cakewalk. Building a hedge fund career takes determination, networking stamina, and a fierce competitive streak. Here are some steps to help get you to that interview and then land that job. Whether you are looking for