Brian Moynihan, chairman and chief executive officer of Bank of America Corp, speaks in New York City, September 25, 2019. Shannon Stapleton | Reuters Bank of America CEO Brian Moynihan announced the most sweeping management overhaul of his 12-year tenure atop the giant financial institution. In a memo distributed to employees on Friday, Moynihan named
On the floor, a trader comforts another during a moment of silence on September 17, 2001. David L Ryan | Boston Globe | Getty Images As we reflect on the 20th anniversary of 9/11 and on the friends and family no longer with us, it’s important to remember that disaster was followed by one of
In this article DVN RRC COG AR LNG Flames from a flaring pit near a well in the Bakken Oil Field. The primary component of natural gas is methane, which is odorless when it comes directly out of the gas well. In addition to methane, natural gas typically contains other hydrocarbons such as ethane, propane,
Roku’s (NASDAQ:ROKU) growth outlook remains extremely strong. And that means the recent, unwarranted downturn of ROKU stock has created a great buying opportunity for longer-term investors. Source: Michael Vi / Shutterstock.com Over the last month, the shares have given back 13%. The downturn appears to have been driven by Roku’s weaker-than-expected Q2 user metrics. A
Not long ago, there’s wasn’t much to say about remote helpdesk provider Support.com (NASDAQ:SPRT). To be honest, SPRT stock largely flew under the radar with a relatively low daily trading volume. Source: Shutterstock That definitely changed in 2021. As we’ll see, meme stock mania took over this year and suddenly, Support.com was thrust into the spotlight.
Investors often hear about the importance of diversifying and how much money they should put into each stock or sector. These are all questions that can be applied to a money management system such as the Kelly Criterion, one of the many allocation techniques that can be used to manage money effectively. This system is
In a time when the streaming wars are running full-throttle, you might assume that entertainment content provider Eros STX Global (NYSE:ESGC) should be a darling of the markets. Yet, the price performance of ESGC stock hasn’t been stellar this year. Source: Shutterstock.com Just to provide some background, Eros STX Global specializes in delivering “star-driven premium content
Michael Lomonaco escaped with his life on Sept. 11, 2001 all because of a detour on his way to work and a pair of busted reading glasses. On that day, the New York City chef was headed to his job as culinary director of Windows on the World, the famed dining space at the World
In this article MA The MasterCard logo on a smartphone arranged in Saint Thomas, Virgin Islands. Gabby Jones | Bloomberg | Getty Images Mastercard has agreed to acquire blockchain analytics start-up CipherTrace, in the latest sign of how major companies are warming to cryptocurrencies. The payments giant said Thursday it entered into an agreement to
In this article MRNA SAM GME LULU LESL Moderna’s sign is seen outside of their headquarters in Cambridge, MA on March 11, 2021. Boston Globe | Getty Images Check out the companies making headlines in midday trading. Moderna — Shares of the drug maker rose more than 7% after announcing it’s developing a two-in-one vaccine
While the pandemic was a human tragedy, it spurred extreme interest in a few investment themes. Financial technology is one of those investors flocked to in droves. After the initial shock of a shutdown wore off, financial tech stocks took their place as ones to buy on the dip. The rallies for the sector ranged
Investors in Exxon Mobil (NYSE:XOM) stock have had a strong 2021 so far. Source: Harry Green / Shutterstock.com XOM stock is up over 33% year-to-date (YTD) and 40% over the past year. Yet regular InvestorPlace.com readers are familiar how challenging 2020 was for many oil names like Exxon. In the initial months of the pandemic, cash
In the 1990s, there were plenty of high-flying telecom stocks. Mobile phones were mainstream and consumers were snapping them up. Demand was so high that many smaller, regional telecoms sprang up to service the new and growing market. Then came the smartphone era, and another opportunity to reap the rewards. When the global Covid-19 pandemic
Nearly one-third of all American students now have to go into debt to get through college, and the average student loan debt reached a record high of $38,792 in 2020. Collectively, they owe nearly $1.6 trillion, according to the Federal Reserve Bank of New York. As any recent college student—or parent of a student—knows, obtaining
In late August, electric vehicle startup Rivian filed confidential initial public offering paperwork. Since news of the Rivian IPO broke, Tesla (NASDAQ:TSLA) CEO Elon Musk has given TSLA stock investors some warnings that he is majorly concerned about Rivian. Source: Ivan Marc / Shutterstock.com For years, TSLA stock bears have warned that a wave of
The pitcher responsible for the first (and only) no-hitter in the history of the New York Mets is longing for a hit with the sale of his southwest Florida home. The former All-Star Johan Santana commissioned this glorious mansion in Miromar Lakes, FL, in 2009, while he was starring for the Mets. Now, the 9,121-square-foot home on about a half-acre of
Varo Money’s mobile banking application. Varo Bank has more than tripled its valuation after gaining a national banking charter last year, CNBC has learned. The company is set to announce Thursday that it raised $510 million in a Series E round led by hedge fund Lone Pine Capital and including dozens of new and existing
Today we’ll talk about Iron Condors vs Butterflies when it comes to option trading. Are they useful and effective? Do they really work? Can you actually make money with them? which one should you use? These are some of the questions we’ll answer in this episode. We’ll also talk about the differences between iron condors
Pedestrians wearing protective masks walk past a Lululemon store in San Francisco, California, on Monday, March 29, 2021. David Paul Morris | Bloomberg | Getty Images Check out the companies making headlines after the bell: Lululemon — Shares of the athletic retailer surged more than 10% in after hours trading on Wednesday after reporting fiscal
After fuboTV (NYSE:FUBO) reported second-quarter earnings this month, I wrote in this space that I continued to have high hopes for FUBO stock. Source: monticello / Shutterstock.com The New York-based streaming television service was coming off an excellent earnings report, but I was more impressed with the company’s plan to grow its sportsbook offerings. “The