I have to admit, you have to admit – almost anyone with hope for a Rust Belt recovery would have to admit – that the story of Lordstown Motors Group (NASDAQ:RIDE) and RIDE stock warmed the heart. What a promise for the Heartland! All signs pointed to success for the effort, which promised to convert a
European stocks mostly fell on Wednesday as oil prices dropped and investors weighed up a slowing of growth in China. U.S. equity futures were mixed as investors mulled dovish comments from Federal Reserve Chairman Jerome Powell. The Stoxx Europe 600 index SXXP, -0.15% fell 0.3% to 459.30, the German DAX DAX, -0.49% dropped 0.6% and
The chairman and CEO of the world’s largest asset manager told CNBC on Wednesday that he worries about a “silent crisis of retirement,” citing global monetary policies that create disincentives for savers. “Unquestionably, as central banks keep rates low, or negative in Europe, the savers are getting slammed,” BlackRock co-founder Larry Fink said on “Squawk
A pint of Oatly brand ice cream is arranged for a photograph in the Brooklyn borough of New York, U.S., on Wednesday, Sept. 16, 2020. Gabby Jones | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Bank of America — Shares of the banking giant fell 3.7% after reporting quarterly
Chinese electric vehicle (EV) maker Nio (NYSE:NIO) is doing all the right things, and its stock is responding positively. In June, the price of NIO stock rose 25% to $53.20 as the company reported one positive development after another. Source: Robert Way / Shutterstock.com This was a welcome turnaround for the Shanghai-based company’s stock after months
With the stock-trading paradigm supposedly having shifted because of the novel coronavirus, fuel-cell electric vehicle (FCEV) specialist Plug Power (NASDAQ:PLUG) looks awfully enticing. From its peak 2021 closing price of $73.18, PLUG stock is now down more than 60%. Of course, in this day and age of social media, such a decline represents about as
What Is the Difference Between the Different Cost Types? Fixed costs, total fixed costs, and variable costs all sound similar, but there are significant differences between the three. The main difference is that fixed costs do not account for the number of goods or services a company produces while variable costs and total fixed costs
Although Coupang (NYSE:CPNG) is one of the most intriguing names in business because of its remarkable ascent, I had reservations about the company when I last wrote about in April of this year. It wasn’t an easy article to write since I covered it when CPNG stock was a private equity play; thus, I had
As sea level rises, it can be easy to miss the subtlety of higher water. It’s much harder to overlook saltwater more frequently flooding streets, impeding daily life and making existing problems worse. The frequency of high-tide flooding along the U.S. coasts has doubled since 2000, and it’s expected to increase five to 15 times
Nassim Nicholas Taleb, New York University professor and author Jerome Favre | Bloomberg | Getty Images Nicholas Nassim Taleb has reversed his stance on bitcoin. The “Black Swan” author said in a recent paper that the largest cryptocurrency by market cap has failed to satisfy the notions of it as a currency without government, a
In this article BA JPM PEP Check out the companies making headlines before the bell: PepsiCo (PEP) – The snack and beverage giant gained 1.3% in premarket trading, after beating estimates on the top and bottom lines and raising its full-year forecast. PepsiCo earned an adjusted $1.72 per share for the quarter, 19 cents above
Paysafe (NYSE:PYSE) is a profitable payments company and a leader in the digital wallet and integrated processing industry. But here’s the thing about PSFE stock now — it’s trading at full value. However, that doesn’t necessarily mean the stock won’t rise. In fact, I suspect that it could move about 25% higher over the next
Call them sucker stocks, stocks to avoid or whatever you’d like. Regardless of how they’re categorized, there are some companies investors should stay far away from right now. A few of the companies on this list look bad because of the pandemic. Some weak electric vehicle (EV) companies also make an appearance, along with some
The COVID-19 pandemic has made keeping up with monthly bill payments challenging for many Americans. As a result, many credit card companies have introduced policies to provide financial relief and help that can include a deferment of payments, fee waivers, and a reduced annual interest rate—or annual percentage rate (APR). Taking advantage of these benefits
My view of IBM (NYSE:IBM) stock is quite mixed right now. The tech giant’s cloud business has rebounded under its new CEO, Arvind Krishna, but my positive thesis on IBM stock has a second component: the strong management and sales skills of Jim Whitehurst, the former CEO of the highly successful start-up Red Hat. Source:
You’d think this guy would know better. A Virginia tax preparer was convicted of failing to file tax returns for himself for five years, as well as preparing false tax returns for many of his clients. Karl Burden-El Bey, 65, of Hampton, Va. was found guilty by a federal jury of not filing any tax
David Solomon, chief executive officer of Goldman Sachs & Co., speaks during a Bloomberg Television interview at the Milken Institute Global Conference in Beverly Hills, California, U.S., on Monday, April 29, 2019. Patrick T. Fallon | Bloomberg | Getty Images Goldman Sachs CEO David Solomon said that China’s recent moves boosting oversight of its technology
Traders on the floor of the New York Stock Exchange. Source: NYSE Earnings season begins with two major tailwinds: sky high prices and sky-high expectations. On paper, second quarter earnings looks like the mother of all earnings reports, with estimates having risen steadily for the past six months, from expected 45% growth in January to
In this article EA JPM GS CAG PEP BA Boeing employees walk by a new Boeing 737-900 at Boeing Field in Seattle Thursday, July 15, 2004. Barry Sweet | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Boeing — Shares of Boeing fell more than 3%. The plane maker cut production
Chinese EV giant Xpeng (NYSE:XPEV) recently reported its record June and second-quarter deliveries. It continues to be a dominant name in the EV industry, and with several catalysts in place, XPEV stock will continue creating more shareholder value. With incredible year-over-year revenue growth, the stock still trades at a considerable discount to its peers. Source: