In case you haven’t had your fill of special purpose acquisition companies or SPAC’s, here’s one more to add to your watch list. CIIG Merger (NASDAQ:CIIC) is a shell company that’s making a move into the electric vehicle space. Consequently, CIIC stock is a red-hot item nowadays. Specifically, CIIG announced that it has reached an agreement
Adam Jeffery | CNBC Wealthfront has named former Federal Deposit Insurance Corporation head Sheila Bair and ex-Comptroller of Currency Thomas Curry to an advisory group created to help the fintech firm push further into financial services, CNBC has learned. Bair is best known for steering the FDIC through the 2008 financial crisis, pushing back against
Take a look at some of the biggest movers in the premarket: Stitch Fix (SFIX) – Stitch Fix reported a quarterly profit of 9 cents per share, compared to consensus forecasts of a 20 cents per share loss. The online clothing styling company also reported better-than-expected revenue, and record sequential quarterly client additions. Separately, Stitch
There’s safety in numbers, the old saying goes, and when it comes to mutual fund investing, it’s not a bad principle. The largest mutual funds have trillions in assets under management (AUM), in addition to lower expense ratios, which may improve performance over time. In addition, the biggest mutual funds provide access to premiere money managers
Is Plug Power (NASDAQ:PLUG) topping out? Many times this year, PLUG stock has appeared to be peaking, only to continue heading higher as megatrends remain firmly on its side. Source: Shutterstock Yet, we may not see a repeat of this hydrogen-fuel-cell play’s blockbuster 2020 performance in the new year. Despite many red flags, Plug Power
Do you drive an electric car? Chances are that the answer is “no.” After all, only 2.1 million new electric vehicles were sold in 2019, amounting to a measly 3.3% of global new car sales. Basically, if you gathered 100 people into a room and asked each of them if they drive an electric car,
Seasoned investors understand that traders can get ahead of themselves sometimes, even with a great company like Starbucks (NASDAQ:SBUX). So, it’s entirely possible to like Starbucks stock for the long term while also advising prudence when its price action gets overheated. Source: Natee Meepian / Shutterstock.com Now, don’t get me wrong — if you’re looking for
New Hampshire is ordering Merrill Lynch to pay $26.25 million in fines and restitution to the state and to an investor, the former Governor of New Hampshire, who claimed he suffered losses at the hands of a former Boston-based broker, to settle allegations including unauthorized and excessive trading. It is the largest monetary sanction in
Katrina Lake, CEO of Stitch Fix Adam Jeffery | CNBC Check out the companies making headlines after the bell on Monday: Stitch Fix — Stitch Fix shares rallied more than 34% on the back of better-than-expected results for the first quarter. The personal styling company reported a profit of 9 cents per share on revenue
One of the biggest tax bills most people pay is the federal income tax calculated on IRS form 1040 in April of each calendar year. Three other major taxes come from your state or locality: state income taxes, sales taxes, and property taxes. The way each type of tax is calculated is complicated; factors such
Despite warnings against mass travel issued by the Centers for Disease Control and Prevention, many Americans ignored such requests. In fact, as CNN recently reported that the Transportation Security Administration screened 1.17 million air passengers, a single-day record since the novel coronavirus pandemic began. At first glance, this appears to bode very well for travel
As trading opens this morning, shares in JPMorgan Chase (NYSE:JPM) still cost 11% less than at the start of the year. At $122 each, that’s a market capitalization of about $370 billion. JPM stock has a modest price-to-earnings ratio of 15.7, and the 90 cents per share dividend still yields nearly 3%. Source: Bjorn Bakstad
In a market that has roared off March lows, and with growth stocks leading the way, Fastly (NYSE:FSLY) in one sense seems like an outlier. Back in October, FSLY stock plunged 27% in a single session after lowering its outlook for the third quarter. The stock actually has fallen a tiny bit further since. Source:
Data specialist Palantir (NYSE:PLTR) is having a lucky day. This morning, investors learned that the company won a deal with the U.S. Food and Drug Administration. As a result, PLTR stock is up more than 12%. So what do investors need to know here? Source: rblfmr / Shutterstock.com According to Bloomberg, Palantir just landed a three-year
A sign for BlackRock Inc hangs above their building in New York. Lucas Jackson | Reuters BlackRock has raised equities to overweight for 2021, based on its view that the restart of the economy will accelerate with the distribution of vaccines. The firm is raising equities from neutral on a tactical basis, meaning over a
New York Stock Exchange building is seen decorated for Christmas at the Financial District in New York City, United States on November 30, 2020. Anadolu Agency | Getty Images IPOs vs. SPACs: Who will win in 2021? 2020 was a surprisingly good year for IPOs, but it was an even better year for Special Purpose
Take a look at some of the biggest movers in the premarket: Alphabet (GOOGL) – Alphabet’s Google unit has removed several Chrome browser extensions of IAC/Interactive (IAC) for what it called “policy violations.” Google told CNBC it is reviewing “enforcement options,” while IAC said it had collaborated closely with Google on an extensive review and
15-Year vs. 30-Year Mortgage: An Overview A bewildering variety of mortgages may be available, but for most homebuyers, in practice, there is only one. The 30-year fixed-rate mortgage is practically an American archetype, the apple pie of financial instruments. It is the path that generations of Americans have taken to first-time homeownership. But many of those
With electric-vehicle (EV) stocks selling off in recent days, there may be opportunity to “buy the dip” with stronger names in the space. But that’s not the case with ElectraMeccanica (NASDAQ:SOLO). Despite shares falling from $10.81 per share to around $7 per share since Nov. 20, the bear case with ElectraMeccanica stock still stands. Source:
Analysts and investors were rightfully worried about the health of the economy as the novel coronavirus pandemic hit the U.S. in early spring. Yet as we get ready to finish the year, the Street has a different story to tell. In recent days, many stocks and indices have hit 52-week or even all-time highs. And