What do you think of when I say, “renewable energy”? Probably wind. Maybe solar. Maybe hydrogen. Those are, after all, the three largest renewable energy sources on the planet. And, in the midst of a global clean energy revolution wherein essentially every country in the world is aggressively working to cut carbon emissions, all three
The novel coronavirus pandemic accelerated the development of countless preexisting trends. Key among them was the rise in food-delivery app usage. Only the acceleration this year was less about pure convenience and more due to indoor dining restrictions. As such, it should be no surprise that the DoorDash (NYSE:DASH) initial public offering (IPO) — and
People ride scooters past the Marriner S. Eccles Federal Reserve building in Washington, D.C., U.S., on Tuesday, Aug. 18, 2020. Erin Scott | Bloomberg | Getty Images The Federal Reserve dialed up its economic expectations slightly for the end of this year as well as for 2021, according to the central bank’s Summary of Economic
Bloomberg | Bloomberg | Getty Images Check out the companies making headlines after the bell Wednesday: Herman Miller — Shares of the office furniture company rose 0.8% in the back of better-than-expected earnings. Herman Miller reported earnings per share of 89 cents, topping a FactSet estimate of 56 cents per share. The company’s revenue also
A discount broker is a stockbroker who carries out buy and sell orders at a reduced commission rate. However, a discount broker does not provide investment advice or perform analysis on a client’s behalf, unlike a full-service broker. Before the emergence of better communications technology, only the wealthy could afford a broker and access to
Palantir (NYSE:PLTR) is one of many new stocks making their trading debuts in 2020 that have performed well beating the performance of major stock indices. Should you avoid Palantir stock, buy it, or shortlist it and monitor its stock price and financial performance? Source: Sundry Photography / Shutterstock.com Palantir stock opened at $10 per share
Exxon Mobil (NYSE:XOM) and Chevron (NYSE:CVX) – in oil, these are the two big guns, always compared with one another. In 2020, CVX stock has done “better,” but it’s been something of a booby prize. Shares are down almost 26%, which is terrible except Exxon is down nearly 40%. Source: Jeff Whyte / Shutterstock.com Next
Pretty soon, if everything works out as planned, Social Capital Hedosophia Holdings II (NYSE:IPOB) will have served its purpose and IPOB stock will cease to exist. However, this doesn’t mean that you shouldn’t own the stock. In fact, I’d consider it a strong buy right now. Source: Shutterstock You see, Social Capital Hedosophia is nothing more
DoorDash Inc (NYSE:DASH) may not even be overvalued, even after its dazzling IPO performance last week. DASH stock ended last week at $175 and had a market capitalization of $55.6 billion, after raising $3.366 billion for the company at $102 per share. Source: Sundry Photography / Shutterstock.com This is based on 317.656 million shares now
Stock trading app Robinhood is being accused of reckless, exploitive business tactics on its young, millennial clientele. “The worst aspect of what they do clearly is they way they are gameifying the idea of investing,” Massachusetts Secretary of the Commonwealth William Galvin, who filed the compliant, told CNBC’s “Squawk Alley” Wednesday. “This is a very
Every December for the past 13 years Art Cashin and his “friends of fermentation” have gathered at the front bar at Bobby Van’s Steakhouse across from the NYSE to celebrate the holidays, and we’ve used the opportunity to get Art’s take on the year ahead. We weren’t able to meet at Bobby Van’s this year,
A security guard stands in a greenhouse of Tilray medical cannabis producer’s European production site in Cantanhede, on April 24, 2018. Patricia De Melo Moreira | AFP | Getty Images Check out the companies making headlines in midday trading. Tilray — Shares of Tilray surged more than 20% after the cannabis company and peer Aphria
In a sharp reversal from yesterday, U.S. equity markets rallied hard throughout the day, closing near session highs. News of real progress on a slimmed-down $748 billion stimulus package added some optimism, as did the FDA’s endorsement of Moderna’s mRNA COVID-19 vaccine. Enhanced lockdown measures throughout Europe and in some U.S. cities did little to
In the Century of Biology, it pays to own the future of curing disease at the root.
ElectraMeccanica Vehicles (NASDAQ:SOLO) recently started delivering the first shipments of its three-wheel electric vehicle (EV) called the Solo. The problem is SOLO stock has a $553 million market capitalization, but the company is going to need a lot more capital in order to ramp up production. Source: Luis War / Shutterstock.com The Solo is a
The pandemic has kickstarted growth in many nascent industries. For instance, video conferencing has had an unprecedented boost. Likewise, biotech stocks have exploded. And finally, virtual healthcare has seen a huge increase. Few companies have benefited more from that than Teladoc (NYSE:TDOC). With health now more important than ever, demand for the company’s services boomed. So
Last week, new tech IPOs made a lot of headlines. Source: Shutterstock DoorDash Inc. (NYSE:DASH) soared 86% on Wednesday in its first day of trading. Airbnb Inc. (NASDAQ:ABNB) more than doubled during its Thursday initial public offering. And then those stocks quickly dropped as analysts expressed skepticism about those big rallies. This isn’t an isolated phenomenon. According
Goldman Sachs Chairman and CEO David Solomon told CNBC on Tuesday that he’s concerned about the intense demand from retail investors in recent initial public offerings. “I do think we’re in a moment in time where there’s a lot of euphoria. I personally am concerned about that,” Solomon said on “Squawk Box.” “I don’t think
The Fed may see a brighter long-term outlook when it releases its economic forecasts Wednesday due to vaccine developments, but it also has the opportunity to disappoint at least some investors who are expecting immediate changes in its bond buying program. The market has been divided about whether the Fed would extend the duration of
Overview The aim of the New York City Recovery Index is to create a practical, weekly pulse-check of the economic progress of the city. We built the overall city recovery index from components that align with the lives of New Yorkers: Health Transport and mobility Jobs Real estate and housing Restaurant reservations As New York