An Astra rocket on the launchpad in Kodiak, Alaska. Astra | John Kraus Years of private funding flowing into young and growing space companies has ground to a halt during the coronavirus pandemic, in what one firm describes as a “culling” of space companies backed by venture capital. Investment in private space companies had seen a
Ride-hailing giant Lyft (NASDAQ:LYFT) has seen its stock price tank over the past few months as the novel coronavirus pandemic has kept consumers across the globe cooped up in their homes, and killed the travel and mobility markets. Source: Jonathan Weiss / Shutterstock.com That said, LYFT stock has fallen more than 40% from its February
Presently, the oil market is giving you a case of good news and bad news, depending on your perspective. If you’re in the market to buying a new or used car, you’re living a charmed life. On the other hand, if you’re deeply invested in oil firms like BP (NYSE:BP), you should consider an exit
What is a call option? You might have heard about option contracts in the past. There are calls and puts. When you’re buying a call, it means you’re looking for the stock to go to the upside, which is a bullish outlook. You can also sell a call, which means you’re looking for the stock
Here is what investors need to know before investing in Oil ETFs. (USO, DBO, USL)
An oil well owned and operated by Apache Corporation in the Permian Basin, viewed on February 5, 2015 in Garden City, Texas. Spencer Platt | Getty Images The U.S. oil industry reacted to cratering oil prices by cutting production by 900,000 barrels a day in just a month in what appears to be the biggest
Stocks stumbled again Tuesday as the ongoing decline in the oil pitch, coupled with fears a new coronavirus stimulus package will prove inadequate in bolstering the economy, served confirmation that a recession is setting in. Source: Provided by Finviz The S&P 500 lost 3.07% The Dow Jones Industrial Average declined 2.67% The Nasdaq Composite gave up
Saudi Arabia will be best positioned to weather the impact of an unprecedented collapse in U.S. oil prices, energy analysts told CNBC on Tuesday. It comes at a time when the market is awash with crude, storage tanks are being filled and the coronavirus crisis continues to ravage global demand. On Monday, the May contract
Shares of Uber (NYSE:UBER) stock have naturally plunged over the past few months as the novel coronavirus pandemic has brought the global ride-hailing market to screeching halt. In short, thanks to the coronavirus outbreak, consumers across the globe aren’t leaving their homes right now — let alone traveling or hopping into a stranger’s car. Source:
Never short on scandals and controversies, Uber Technologies (NYSE:UBER) may not warm most people’s hearts. However, it’s undeniable that the company revolutionized the concept of ride sharing. A cost-effective means of bypassing the traditional taxi service, the innovative platform has found rapid adoption, especially among younger adults. It’s also provided valuable services across multiple demographics,
Tim Boyle | Bloomberg | Getty Images Check out the companies making headlines after the bell. Snap — The social media platform’s shares skyrocketed 18% in extended trading after the company reported strong first-quarter revenue. Snap said it had revenue of $462 million in the first quarter, while analysts polled by Refinitiv anticipated $430 million. “Snapchat
Welcome to InvestorPlace’s General Electric (NYSE:GE) live blog, where you can find up-to-the-second insights in GE news today. [Check back often, as this page will be updated with more GE news and insights each day the market is open.] GE Shutters North Dakota Wind Turbine Plant [Monday, April 20, 2:45 p.m.] Shares of GE stock are
Hundreds of millions of dollars of in Paycheck Protection Plan emergency funding has been claimed by large, publicly traded companies, new research published by Morgan Stanley shows. In fact, the U.S. government has allocated at least $243.4 million of the total $349 billion to publicly traded companies, the firm said. The PPP was designed to
After a lot of debate, the airlines got their government aid package. Traders cheered, if only for a moment. As is often the case, though, it quickly turned into a “sell the news” moment. With the positive catalyst behind us, airlines stocks are sinking again as folks consider the longer view. It’s great that the
Spoiler alert, Amazon (NASDAQ:AMZN) stock will probably always be a buy in my book, as long as management continues a run of near-perfect execution. This leadership is no fluke; under Jeff Bezos, steady leadership has been a fact for decades. Source: Mike Mareen / Shutterstock.com It is neither a surprise nor a coincidence that AMZN
Despite what critics have said of late, 3M (NYSE:MMM) is actually a very solid and safe company for investors. MMM stock has at least 45% upside from current prices based on its dividend-paying track record and solid cash flow. Source: r.classen / Shutterstock.com The company has been in the news lately due to its production
The crude oil tanker, Chemtrans Cancale, is seen anchored off shore as it waits to dock at Port Everglades on April 20, 2020 in Fort Lauderdale, Florida. Joe Raedle | Getty Images “Know what you own” is an old adage when investing, but it is especially important when owning investments that hold futures contracts. Just
IBM President and CEO Virginia Rometty delivers a speech to participants during the 4th edition of the Viva Technology show at Parc des Expositions Porte de Versailles in Paris on May 16, 2019. Chesnot | Getty Images Check out the companies making headlines in midday trading. IBM — Shares of IBM dropped nearly 6% after the company reported
The beginning of this week wasn’t so much about stocks as it was about oil. Today’s three big stock charts feature oil and energy sector names. All eyes were on West Texas Intermediate crude oil as the front-month futures contracts actually went into negative territory on Monday. Source: Shutterstock This has positive and negative potential
Billionaire entrepreneur Mark Cuban joined CNBC’s “Fast Money” on Monday. Cuban, owner of the NBA’s Dallas Mavericks, has been vocal during the coronavirus pandemic, arguing for government relief measures that prioritize workers and puts restrictions on stock buybacks. Cuban last week criticized how some banks were handling the newly created small business loan program, telling CNBC that