Getty Images Global travel screeched to a halt during the pandemic, and it’s hurting credit card companies’ bottom line. American Express, Mastercard and Visa all reported double-digit drops in profit for the recent quarter, compared to a year ago. The companies pointed to a plunge in international travel as borders remain closed during the pandemic.
People walk by the New York Stock Exchange (NYSE) in lower Manhattan on October 02, 2020 in New York City. Spencer Platt | Getty Images Earnings hopes wilt as fresh Covid outbreak throws 2021 reopening in doubt. That’s the story of earnings season so far. It’s the one word investors didn’t want to hear: lockdown. Never mind
A contractor drills a wood stud while framing a home under construction Park City, Utah, on Friday, Aug. 14, 2020. George Frey | Bloomberg | Getty Images The U.S. economy was stronger than expected in the third quarter, but its recovery is still lumpy and economists are divided on how long it will take to
Palantir’s (NYSE:PLTR) connections with President Donald Trump and the likely antagonism towards the company by Democrats make PLTR stock quite risky ahead of the U.S. elections. Source: Sundry Photography / Shutterstock.com More specifically, Palantir is likely to be hurt down the road if Democrat Joe Biden beats Trump. That’s largely because Palantir was founded by
Nvidia (NASDAQ:NVDA) stock continues to move up, pushing its sky-high valuation even higher. Since my last article on the company a month ago, it has risen $49.69 to $543.61 (as of Oct. 23), or up 10%. That also means that its value metrics are also out of the park. Source: Steve Lagreca / Shutterstock.com For
Shopify (NYSE:SHOP) has been a fascinating holding this year. At first, shares were caught up in the beatdown that seemingly every other stock suffered from in the first quarter. But then something happened, and it resulted in Shopify stock exploding higher. Source: justplay1412 / Shutterstock.com The stock rallied 250% from its March lows to its
Our relationship with money starts at an early age when we notice family members exchanging coins or bills for all sorts of stuff we like. Money’s power and authority grow when we get our first allowance or paid chore. These early experiences foster habits and beliefs that last throughout your life. Its challenges multiply as we approach adulthood
CNBC’s Jim Cramer said he sees positives for investors after steep market declines Wednesday as Wall Street grew further concerned about the coronavirus pandemic. “I recognize the carnage, but I do think the carnage is reversible,” Cramer said Wednesday on “Closing Bell,” after the Dow Jones Industrial Average gave up 943 points, or 3.4%, in
Here are the stocks making headlines in extended trading: Pinterest — The social media stock soared 30% after reporting 49% revenue growth in the third quarter. The company reported 13 cents adjusted earnings per share and $443 million of revenue. Analysts surveyed by Refinitiv were looking for 3 cents in earnings per share and $383.5
Are you watching the Fed and Treasury pump an extra $7 trillion into the economy and market this year?
We’ve been here before with Hertz (NYSE:HTZ). Hertz stock has soared, and at least some investors see upside. Source: aureliefrance / Shutterstock.com But do you remember the past rallies in the stock? They’ve all fizzled. Notably, the company traded under $1 after it declared bankruptcy in May. Then by June, the stock was above $5.
Here is something you probably didn’t know. Not only is Albertsons (NYSE:ACI) a recently public company, but it is also the second-largest U.S. grocery retailer, now that it owns Safeway. Albertsons stock had its IPO on June 26 at $16 per share. Source: Ken Wolter / Shutterstock.com So far the stock is down 7%, but
DraftKings (NASDAQ:DKNG) stock has been one of the hottest stocks all year long, as it has becoming increasingly clear to Mr. Market that the gambling and sports betting industry will increasingly shift online over the next decade. Source: Lori Butcher / Shutterstock.com DraftKings — as the largest player in the online sports betting and Daily
For speculators looking to chase the hottest megatrends, SPI Energy (NASDAQ:SPI) may look like a surefire winner. But, ignore the press releases, and look at the details, with SPI Energy stock. Source: Scharfsinn / Shutterstock.com What am I talking about? The company, via its recent dabbling into cannabis, crypto, as well as electric vehicles (EVs),
The implementation of smart contracts in business is expected to speed up transactions and enable digitization of a wide variety of physical assets, such as oil and gold. But the legal and regulatory underpinnings of smart contracts are still shaky and rife with their own set of problems. Resolving disputes between parties is the biggest
Property data and analytics firm CoreLogic has received multiple potential takeover bids that value the company at north of $80 a share, sources tell CNBC’s David Faber. The multiple parties interested in pursuing a deal with CoreLogic include private equity firms, Faber reported citing sources familiar with the talks. The company has already signed a
Dividends and buybacks are bouncing back. At the end of the first quarter, there was tremendous concern that the levels of dividends and buybacks would be cut dramatically. There have been cutbacks, but there’s good news amid the bad. The good and bad news on dividends For lovers of dividends, the end of the first quarter
Traders wear masks as they work on the floor of the New York Stock Exchange as the outbreak of the coronavirus disease (COVID-19) continues New York, May 27, 2020. Lucas Jackson | Reuters The stock market is selling off hard on rising virus cases and election uncertainty, and it faces another big test Thursday when
For investors willing to take a risk, 2020 has offered many opportunities. Exxon Mobil (NYSE:XOM) isn’t one of them. Despite XOM stock being down 52% from the start of the year, don’t bet on Exxon Mobil shares suddenly becoming a hot commodity. Even now that oil surpluses are running dry and prices have begun to
Income investors take note. These are the some of the best cheap stocks out there right now — and they pay substantial dividends, too. Of course, there are plenty of stocks available at comparatively cheap prices. But for people looking to receive steady income from their holdings, stocks that pay high dividend yields are the