Facebook Inc. (FB), the world’s largest social networking website, was founded by CEO Mark Zuckerberg and several Harvard College roommates in 2004. The company’s name initially was FaceMash, which was changed to TheFacebook, eventually dropping “The” from its name to become, simply, Facebook. Zuckerberg and his co-founders initially launched the service for their Harvard classmates,
Take a look at some of the biggest movers in the premarket: Lordstown Motors (RIDE) – The electric truck maker was downgraded to “underweight” from “equal-weight” at Morgan Stanley, which notes that the recently announced sale of Lordstown’s Ohio plant to Foxconn values the plant at less than a fifth of prior estimates. Lordstown tumbled
Greenidge Generation Holdings (NASDAQ:GREE) is a player in the Bitcoin (CCC:BTC-USD) mining industry that came to my attention recently. The company listed on the Nasdaq exchange through a merger with meme favorite Support.com. The merger news may have been a disappointment with Reddit traders hoping to take what was SPRT stock “to the moon”. Source:
Upstart (NASDAQ:UPST) is a new firm going after the mortgage origination market. It completed its initial public offering (IPO) at $20 in December. Since then, UPST stock has rallied more than 1,300%. Source: Shutterstock Those drawn to the name likely think Upstart is going to remake the mortgage industry. It had better, given the now
On any given day, InvestorPlace could have several articles on the same stock but with quite different outlooks. So it is with the suggestion, from early September, from Faizan Farooque that ContextLogic (NASDAQ:WISH) has all the makings of a multi-bagger. He believes investors should buy WISH stock on the dips. Source: sdx15 / Shutterstock.com Divergent opinions
U.S. stock futures tumbled on Wednesday, with notable pressure ahead for the technology sector and rising bond yields in focus, while investors also waited for private-sector payrolls data. How are stock-index futures trading? Dow Jones Industrial Average futures YM00, -0.99% fell over 300 points, or 1%, to 33,833 S&P 500 futures ES00, -1.17% dropped 1.2%
David McDonough, founder and CEO of Commonstock Commonstock A new social network is betting that enthusiastic retail traders are here to stay and that they want more transparency than what’s offered on Reddit. Commonstock is a social media platform for talking about trades and financial markets. It features a Twitter-like news feed, with users ranking
Editor’s note: Below you’ll find the week 58 release of the NYC Recovery Index, originally published September 28, 2021. Visit the NYC Recovery index homepage for the latest data. New York City’s economic recovery index experienced a slight increase the week of Sept. 18, rising from an overall score of 71 to 72 after falling
In this article SWX NKE NFLX Seen through a store window, a Nike employee stands in the entryway of the Nike SoHo store in New York City. Drew Angerer | Getty Images Check out the companies making headlines in midday trading. Facebook, Amazon, Apple – Shares of major technology companies led Tuesday’s market rebound. Facebook shares rose
They call it FUD: fear, uncertainty and doubt. Based in China, ride-hailing giant Didi Global (NYSE:DIDI) has its fair share of problems, I’ll admit. But there’s also plenty of FUD surrounding DIDI stock. Source: Piotr Swat / Shutterstock.com For example, reports recently circulated claiming that China’s Beijing city government advised state-owned companies to invest in the
One of the most important traits for any investor, business executive or marketer is the ability to identify their target audiences and see things from the latter’s point of view. I believe those who are bullish on Ocugen (NASDAQ:OCGN) stock are failing to do that. OCGN stock has made headlines thanks to the company’s Covid-19
A very popular term in business is disruption, or causing a radical change through innovation. Hippo Holdings (NYSE:HIPO) is a digital homeowners insurance provider that went public in August. Potential HIPO stock investors wonder if this insurance provider will disrupt the insurance market. Source: TDKvisuals / Shutterstock.com It seems to me that HIPO stock lacks
Palantir Technologies Inc. PLTR, +0.17% shares rallied in the extended session Tuesday after the data-software company said it was selected for a U.S. Army intelligence program contract. Palantir shares surged more than 10% after hours, following a 0.2% rise to close at $23.21. The company said it won a $823 million contract to provide the Army
In this article SWX Carl Icahn speaking at Delivering Alpha in New York on Sept. 13, 2016. David A. Grogan | CNBC Carl Icahn on Tuesday announced a sizeable stake in Southwest Gas, and the activist investor is pushing the Las Vegas-based utility company to drop its rumored acquisition of natural gas company Questar Pipeline.
What Is Social Security? The Social Security program was established in 1935 to provide retirement income for certain U.S. workers. It was later expanded to cover most of the workforce. Today, it remains America’s pension plan and the financial lifeline that many people use to stay afloat in their old age. Social Security provides 37%
Take a look at some of the biggest movers in the premarket: Tesla (TSLA) – Tesla shares rose 3% in the premarket after the company announced it delivered 241,300 vehicles during the third quarter, its most ever for a quarter and a 73% increase over the same quarter a year ago. Moderna (MRNA), Novavax (NVAX)
It’s definitely fair to say that New York-based Lemonade (NYSE:LMND) is on a mission. If you’re on board with the idea of using AI technology to disrupt insurance as we know it, then a position in LMND stock might be right for you. Source: Stephanie L Sanchez / Shutterstock.com Just to give you a refresher, Lemonade
Tesla (NASDAQ:TSLA) is still not the world’s most valuable carmaker. Toyota Motor (NYSE:TM) is, for now. Its resistance to the EV revolution makes TM stock a problem in the long term. Source: josefkubes / Shutterstock.com With a market cap of $1.28 trillion, on what should be sales of $270 billion in 2021, Toyota dwarfs every competitor. Toyota
There are many reasons to believe the share price of QuantumScape (NYSE:QS) stock should rise. After all, the company is developing solid-state lithium EV batteries for future commercialization. Yet, QS stock is down almost 73% year-to-date. What’s with the disconnect? Source: Michael Vi / Shutterstock.com Such batteries promise a quantum leap over current dominant lithium-ion
Many studies have investigated how disparities in homeownership rates among Black and Latino Americans, as compared with their white peers, contribute to the country’s broader racial wealth gap. But new research finds that even among those Black and Latino Americans who are able to achieve homeownership, the return on their investment pales in comparison to