Server Adrian Almanza brings entrees to a table at Satay Thai Bistro and Bar, in Las Vegas, Nevada, March 28, 2021. Bridget Bennett | Reuters Job growth in April could top 1 million, though many positions also may have gone unfilled. Economists expect to see job creation in each of the next several months of
Month: May 2021
Virgin Galactic (NASDAQ:SPCE) and SPCE stock are a perfect example of what is wrong with special purpose acquisition companies (SPACs). Source: Tun Pichitanon / Shutterstock.com As Groucho Marx said in The Cocoanuts nearly a century ago, “You can have any kind of a home you want. You can even get stucco. Oh, how you can
Salesforce.com (NYSE:CRM) stock is down, but is it out? Since the start of the year tech stocks have taken two legs down, in late February and now, in early May. CRM stock has joined the party both times. It’s down 3% on the year, while the average S&P stock is up 11%. Source: Bjorn Bakstad
Real estate prices rose steadily in the United States for decades, with slowdowns caused only by interest rate changes along the way. Prices increased over time as demand for homeownership through government-sponsored programs increased, along with the general sentiment that owning real estate represents the American dream. Mortgages became available to a wider range of
Growth stocks soared in 2020, with tech shares leading the way. The SPDR S&P 500 Growth ETF (NYSEARCA:SPYG) gained 78.3% from March 23 to Dec. 31. When investors learned of the efficacy of the coronavirus vaccines at the end of the year, a rotation out of growth stocks took place in the market, as a
Bitcoin virtual crypto currency price is displayed on a phone screen in this photo. STR | NurPhoto | Getty Images Bitcoin may be taking another step towards mainstream adoption, CNBC has learned. For the first time, customers of some U.S. banks will soon be able to buy, hold and sell bitcoin through their existing accounts,
Gary Gensler, then-chairman of the U.S. Commodity Futures Trading Commission (CFTC). Simon Dawson | Bloomberg | Getty Images New Securities and Exchange Commission Chairman Gary Gensler will testify before the House Financial Services Committee on Thursday. This is the third House hearing focused on GameStop, but this is Gensler’s first appearance as chairman before the Committee.
In this article ETSY RUN K NurPhoto Check out the companies making headlines in midday trading. Kellogg — Shares jumped more than 8% after the cereal and snack food company beat expectations on the top and bottom lines for the first quarter. Kellogg earned an adjusted $1.11 per share on $3.58 billion in revenue, helped
As I’ve said before, I truly hope General Electric (NYSE:GE) succeeds in its comeback. GE has been a great American company for decades, and it still has a massive workforce. But hope isn’t a reason to buy, or to recommend, GE stock. Source: JPstock/Shutterstock.com Admittedly, hope has driven General Electric’s stock higher over the last
Sundial Growers (NASDAQ:SNDL) has been one of the less successful large Canadian marijuana companies. The company’s marketing and distribution strategy missed the mark, leaving it with unsold inventories and heavy losses. SNDL stock fell deep into penny stock territory as the company’s funds ran low. Source: Shutterstock However, Sundial found new life in 2021. Reddit’s
Crypto is going mainstream and Coinbase (NASDAQ:COIN) is leading the charge for risk-friendly investors. Source: Coinbase / Shutterstock.com In the wake of the pandemic, digital currencies like Bitcoin (CCC:BTC-USD) became the hot new trade as people started piling their stimulus checks into these investments. Interest drove BTC higher, the currency briefly hit a peak of
A New Shepard rocket launches on a test flight. Blue Origin Jeff Bezos’ space venture Blue Origin will launch its first astronaut crew to space on July 20, flying on its space tourism rocket called New Shepard, the company announced Wednesday. The company has yet to open ticket sales or release pricing information about New
In this article ETSY RUN ZNGA Check out the companies making headlines after the bell on Wednesday: Etsy — Shares of Etsy slid 7% despite the company its results beating top and bottom-line estimates for the first quarter. The e-commerce company earned $1 per share, compared to the 88-cent per share profit analysts surveyed by
Thomas Siebel, the founder of Siebel Systems (later sold to Oracle (NYSE:ORCL)), took his company public, C3.ai (NASDAQ:AI) at $42 in December 2020. After peaking at $179 on Dec. 22, AI stock has drifted down to $58.74 as of May 5. However, it still trades at a very high valuation on a price-sales (P/S) multiple, despite
Just about anyone who held shares of Chinese electric vehicle start-up Nio (NYSE:NIO) in 2020 did well. That year, despite the novel coronavirus pandemic, NIO stock gained more than 1,100%. Source: Shutterstock That stunning rally persisted into early 2021, but no bull run is meant to last forever. February was a challenging month for Nio’s shareholders,
When people are in need of cash, they don’t always stop to think through the best means for acquiring it. Generally, the cash is to pay for something they need or something they want. Often, however, they can get that something by buying it with their credit card, even if they can’t pay for it
I continue to stand by Canadian cannabis company Sundial Growers (NASDAQ:SNDL), but I admit it’s been getting tougher to defend my position. SNDL stock has continued to decline, providing ammunition to critics. Source: Shutterstock Low-priced cannabis stocks are speculative. There’s risk involved with an investment in Sundial Growers, and this will remain true for the foreseeable
CNBC’s Jim Cramer said Wednesday he trimmed some of his ether holdings after the world’s second-largest cryptocurrency by market value notched a series of record highs. “I sold half my Ethereum yesterday … and I put some money down to own a Hummer,” Cramer said on “Squawk on the Street,” referring to the upcoming all-electric vehicle from
Take a look at some of the biggest movers in the premarket: General Motors (GM) – The automaker earned $2.25 per share for the first quarter, compared to a consensus estimate of $1.04 a share, though revenue was very slightly below forecasts. GM said its results were helped by strong auto pricing as well as
Recently public cloud data software company Snowflake (NYSE:SNOW) lives in its own weird, super-overvalued world, spurred on by ebullient analysts. I have written several articles about its massively high valuation and predicted it would fall. And so far, that is exactly what has happened, despite Wall Street analysts continuing to promote SNOW stock. Investors should expect