A bill that would preserve access to abortion across the U.S. failed in the Senate on Wednesday, as a lone Democrat joined with all Republicans in blocking the legislation. Democrats were attempting to codify the landmark Roe v. Wade decision that legalized abortion nationwide, as a draft Supreme Court opinion suggests the court is poised
Biotech stocks have been through an extended lean patch, making them ideal candidates for a strong rebound. Verrica (VRCA): Approval of its viral skin disease treatment could transform the company into a commercial-stage biopharma. Amicus (FOLD): Pompe disease treatment approval opens up huge market opportunity for the biopharma. Athersys (ATHX): Potential approval for Japanese licensee
Shoppers inside a grocery store in San Francisco, California, U.S., on Monday, May 2, 2022. David Paul Morris | Bloomberg | Getty Images April’s consumer price index report is expected to show inflation has already reached a peak — a development that some investors say could temporarily soothe markets. But economists say, even with a
If you’re the type that throws caution to the wind, these deflated but intriguing growth stocks to buy may liven up your portfolio in the long run. Bloom Energy (BE): Although the fuel-cell specialist suffered a poor earnings report, the underlying message has become even more critical. Rivian Automotive (RIVN): Highly risky due to supply
These are the 6 undervalued stocks you should buy for the long term that have low price-to-earnings (P/E) multiples, pay good dividends, and also have share buyback programs. McDonald’s (MCD): McDonald’s trades with a 2.23% dividend yield, 25x forward earnings and should do well as a result. The Allstate Corporation (NYSE:ALL) — The insurer has a new
The market turmoil yesterday has been crazy and has shown no signs of abating. The Dow Industrial Index fell by around 2% while the S&P 500 was down 3.2%. Tech stocks were hit even harder with the Nasdaq down about 4.3%. So far this downtrend has continued until today. It is in this market environment
For investors, Bitcoin (BTC) may be the most surprising asset class in recent times. Even as it displays schizophrenic and volatile price swings, the cryptocurrency has also emerged as the best-performing asset in the last decade. It has, at various times, outperformed the S&P 500 and diminished gold’s luster as a store of value. Because
The so-called algorithmic stablecoin TerraUSD fell as low as 30 cents on the dollar on Wednesday, demonstrating in real-time the difficulties the cryptocurrency community will have in providing an alternative to the traditional financial system. TerraUSD is a coin backed by another crypto, called Luna. The way it’s supposed to work is that when TerraUSD,
FuboTV (NYSE:FUBO) reported its first quarter of 2022 earnings on May 5 after the markets closed, and FUBO stock is down 18.6% since. While the sports-focused video streaming platform reported 102% revenue growth over last year, the 101% increase in its GAAP losses has spooked some but not all investors. In fact, Wedbush analyst Michael
In this article SOFI Pedestrians walk by the SoFi Technologies headquarters on February 22, 2022 in San Francisco, California. Justin Sullivan | Getty Images Shares of SoFi fell sharply on Tuesday and were halted after the company accidentally released its first-quarter results early. The company said the report, which was scheduled for after market close
In this article AMC PTON UPST PLTR A Peloton Interactive Inc. logo on a stationary bike at the company’s showroom in Dedham, Massachusetts, U.S., on Wednesday, Feb. 3, 2021. Adam Glanzman | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Peloton – Shares tumbled 12% after the equipment maker disclosed it’s
The European Union is accusing Apple (AAPL) of restricting third party payment apps on iOS in favor of Apple Pay. Services have become Apple’s second-largest revenue generator, so any threat could have a negative impact on AAPL stock. There is some risk here, but with AAPL down 15% in 2022, investors should buy Apple stock for
With Twitter (NYSE:TWTR) and TWTR stock facing multiple, tough threats and possessing no major positive catalysts, I recommend that investors sell the shares. Overall, the biggest threat facing Twitter and its shares is the possibility that the takeover of the company — led by Tesla (NASDAQ:TSLA) CEO Elon Musk — will not close. Such an outcome
Prior to the Tax Cuts and Jobs Act of 2017, homeowners could claim a plethora of extra tax deductions. But these are no longer an option. After the act’s passage it’s more complicated to get a deduction when you borrow against your home’s equity, but still possible if you meet certain criteria. Key Takeaways Interest
The list of reasons why the financial market’s wild swings can keep going and even worsen is growing by the day — starting with the fact that investors aren’t yet pricing in worst-case scenarios for inflation and the U.S. economy. Though Wednesday’s consumer-price index report for April should offer more clues, the data won’t entirely
Novavax’s Covid-19 vaccine still isn’t approved for use in the U.S. With the pandemic in full retreat and the majority of people now fully vaccinated, demand for Novavax’s vaccine is likely to be weak. Rival pharmaceutical companies Pfizer and Moderna have beat Novavax to market with multiple Covid-19 treatments. Source: rarrarorro / Shutterstock.com Any hope
U.S. stock futures were higher on Monday night after the S&P 500 fell to its lowest point in more than a year. Dow Jones Industrial Average futures rose by 105 points, or 0.4%. S&P 500 and Nasdaq 100 futures climbed 0.4% and 0.4%, respectively. Shares of AMC and Novavax made major moves after hours on
Twitter (TWTR) stock is still selling for $5/share less than Elon Musk’s offer. Musk has the money lined up thanks to SpaceX. What happens after the purchase isn’t your problem. Source: rafapress / Shutterstock.com Since Elon Musk said he would buy Twitter (NYSE:TWTR) for $54.20/share, about $44 billion, shares haven’t traded over $52. Twitter opened
Nio (NIO) offers Tesla (TSLA) luxury without the production volumes. The company has stiff competition within China, and those competitors are now exporting. Nio will likely remain small, and investors should demand a profit. Source: Robert Way / Shutterstock.com At this point in the game, investing in Nio (NYSE:NIO) stock means investing in the Chinese
Fidelity Investments is one of the biggest and best-known asset management companies in the world. Launched in 1946, the company holds almost $4.5 trillion in assets under management (AUM) as of 2022, and offers mutual funds and exchange-traded funds (ETFs); it provides investment advice and manages qualified retirement plans. Key Takeaways Fidelity Investments is one