The numbers: The cost of wholesale goods and services jumped 1.4% in March largely because of more expensive gasoline and food, signaling that U.S. inflation is likely to stay near a 40-year high through the spring. Economists polled by The Wall Street Journal had forecast a 1.1% gain. The increase in wholesale prices last month
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A trader works on the floor of the New York Stock Exchange (NYSE) in New York, March 30, 2022. Brendan McDermid | Reuters For stock investors pondering how to ride out the worst bout of inflation in four decades, don’t worry and stay the course, according to Nick Maggiulli, chief operating officer at Ritholtz Wealth
A person wearing a protective mask enters a Chipotle restaurant in San Francisco, California, U.S., on Monday, April 19, 2021. David Paul Morris | Bloomberg | Getty Images Check out the companies making headlines in midday trading. CarMax — CarMax shares dipped more than 8% after reporting a beat on revenue but a miss on
Cheniere Energy (LNG): Liquified natural gas (LNG) production expectations and rapidly improving guidance make Cheniere Energy buy-worthy. Chevron (CVX): Chevron looks to reward its shareholders with a strong buyback plan based on increasing cash flow expectations. DCP Midstream (DCP): LNG firm already expected blowout income growth to begin in 2022, making it even stronger on
Genius Group (NYSEMKT:GNS) launched out of the gate with an incredible blast Tuesday. GNS stock exploded 408% higher on its first day of trading as a public company. This is quite the surprise, as Genius is not a well-established company. The offering’s lead underwriter, Boustead Securities, is not a top-tier initial public offering (IPO) shop.
Pet ownership is a rewarding experience, and the unconditional love offered by a four-legged companion just can’t be replaced. At the same time, having a pet means assuming financial responsibility in the event that the animal becomes sick or injured, and vet bills can quickly add up to thousands of dollars. Pet insurance plans are
Shares of consumer products company Aterian (NASDAQ:ATER), formerly known as Mohawk Group, shot up 24% Tuesday to close at $5 a share. Source: studiostoks / Shutterstock.com Aterian’s business model is to sell a variety of consumer products through e-commerce channels. It claims to have artificial intelligence that helps it automate and drive performance for various
Dear MarketWatch, My husband bought a nightmare flip house, and after legal battles with the contractor, the house is almost complete. However, we are out almost $130,000 in expenses related to this home. As we come to the end of this journey, he wants to turn the home into a short-term rental, and I want
Take a look at some of the biggest movers in the premarket: PG&E (PCG) – The California utility’s shares jumped 2.3% in the premarket after it reached legal settlements over two fires in Northern California. PG&E will pay $55 million and will not face any criminal prosecution over those fires. Hewlett Packard Enterprise (HPE) –
Tesla (TLSA): The popular electric vehicle (EV) company now sports a market capitalization of more than $1 trillion. ChargePoint (CHPT): The U.S. will have a half a million public EV charging stations by 2030. MP Materials (MP): Investors are shaking off a critical short report in the mining company. Source: Shutterstock What kind of investor are
CenterPoint Energy (NYSE:CNP) – Crude oil is a key raw material for the company, and its prices are on the rise. This is good news for the company because they’ve had a few recent setbacks. NextEra Energy (NYSE:NEE) – NextEra, one of the largest utility companies in North America, has made significant progress this year.
Today’s price action in the broader market is certainly something most investors don’t want to see. The three major indices are solid red, with most major growth stocks getting hit hard today. Investors in SoFi Technologies (NASDAQ:SOFI) and SOFI stock have not been spared. In fact, SOFI stock hit a fresh new 52-week low today, trading as low
Key Takeaways Analysts estimate adjusted EPS of -$1.22 vs. -$3.55 in Q1 FY 2021. Load factor is expected to rise YOY, but fall slightly from Q4 FY 2021. Revenue is expected to rise for the fourth straight quarter as travel demand continues to recover. Delta Air Lines Inc. (DAL) has experienced a sharp rebound in
Easily one of the most frustrating investments of this year, offshore drilling contractor Transocean (NYSE:RIG) earlier enjoyed an unprecedented bullish phase. It was first from the cynical impact of rising inflation and later from the Russian invasion of Ukraine driving prices even higher. Given that these factors don’t appear to be waning anytime soon, circumstances
Dear Quentin, I am a stay-at-home mom. My husband is a police officer and is mandated to work between 10 and 16 hours a day. Our oldest child is a sophomore in high school. She is a straight-A student with a lot of extra-curricular activities. Our son is in elementary school, and struggles with school,
Trey Lockerbie sits down with Bing Gordon. Bing is a legend in the silicon valley world, having first been a co-founder of Electronic Arts (EA), then went on to be a director at Zynga, Audible, Zume, Duolingo, and others. For the last 18 years, he’s also sat on the board at Amazon. He’s now sitting
A customer selects food from a freezer at a supermarket on January 12, 2022 in New York City. Liao Pan | China News Service | Getty Images Consumer price inflation in March is expected to have risen the most since December 1981, driven by higher food costs, rising rents and runaway energy prices. The consumer
Bank of America (BAC): Bank stocks are down 20% across the board year to date, providing a great buy-the-dip opportunity. Starbucks (SBUX): Shares of the coffee chain are down temporarily after the company canceled its stock buyback program. Meta Platforms (FB): With a P/E ratio of 17x, it offers the cheapest valuation among mega-cap tech stocks. Source: Shutterstock
There’s one main reason why people buy stock in Lumen Technologies (NYSE:LUMN). That’s for LUMN stock’s juicy 8.8% dividend yield. In a world where interest rates have been low seemingly forever, a nearly 9% dividend seems like a gift. However, Lumen may end up being more of a nightmare for income-seeking investors, at least ones that