In this article VIV-FR PSTH Bill Ackman, founder and CEO of Pershing Square Capital Management. Adam Jeffery | CNBC Billionaire investor Bill Ackman’s blank-check company Pershing Square Tontine Holdings (PSTH) confirmed Friday it was in talks to buy 10% of Universal Music Group for around $4 billion. The deal values Universal Music at 35 billion
Month: June 2021
Take a look at some of the biggest movers in the premarket: DocuSign (DOCU) – DocuSign shares rallied 6.8% in premarket trading after the company beat Wall Street forecasts by 16 cents a share, with quarterly earnings of 44 cents per share. Revenue also beat estimates, and DocuSign gave an upbeat outlook as more companies
Workhorse’s (NASDAQ:WKHS) stock was up both Tuesday and Wednesday, but it really gained steam today. Today’s massive surge in WKHS stock is likely thanks to the current meme stock trading phenomenon. Shares of the electric van company finished Thursday up 28%, but still well below where it traded in February. Source: Photo from WorkHorse.com And
Could app-based dating be the ultimate Covid-19 pandemic recovery trade? That’s a question that prospective Bumble (NASDAQ:BMBL) investors should consider, as BMBL stock hasn’t exactly been a blockbuster success in the past couple of months. Source: XanderSt / Shutterstock.com The Austin, Texas-based company has an interesting backstory. As I learned from InvestorPlace contributor Thomas Yeung, Bumble CEO Whitney
What Are the Risks and Rewards of Investing in Startups? Investing in startup companies is a very risky business, but it can be very rewarding if and when the investments do pay off. The majority of new companies or products simply do not make it, so the risk of losing one’s entire investment is a real
Real estate investment trusts (REITs) are companies that own properties or invest in mortgages. They offer excellent opportunities for investment as they pay dividends, providing a steady stream of income on a portfolio. Source: Shutterstock According to Yieldstreet, “REITs give investors the option of investing in real estate without the expense of purchasing and maintaining
Swedish plant-based milk company Oatly (NASDAQ:OTLY) recently had its blockbuster IPO, which saw its valuation skyrocketing over $10 billion. There’s a lot to like about OTLY stock, as it looks to create a more sustainable product and lead the way in the global dairy market worth more than $700 billion. It’s been around for the
[The livestream is scheduled to begin at 1 p.m. EDT. Please refresh the page if you do not see the player above] SpaceX plans to send the latest cargo mission for NASA to the space station on Thursday, with Elon Musk’s company going for its 17th launch this year. The company is targeting 1:29 p.m.
A General Motors assembly worker loads engine block castings on to the assembly line at the GM Romulus Powertrain plant in Romulus, Michigan, U.S. August 21, 2019. Rebecca Cook | Reuters Job growth in May is expected to be more than double the pace of April, with hiring picking up in pandemic hit sectors like
Last week, I may have called the “game” with GameStop (NYSE:GME) stock one in which the winning move is not to play. Yet, it’s understandable why so many are champing at the bit to chase the latest rally in shares of the video game retailer. Source: rblfmr / Shutterstock.com It may be another meme stock,
Reddit’s r/WallStreetBets 10 million strong members have changed stocks and investing. Regardless of my thoughts or anyone else’s, that’s simply true. It is clear that a much broader age range has access to the stock market today than at any time in the past. With all of the chatter suggesting that the earlier one learns
With the negative news continuing to pile up for Ocugen (NASDAQ:OCGN) stock, the case against the shares has become almost as strong as an Olympic weightlifting champion. OCGN stock is down more than 44% in the last month. Source: Shutterstock Among the latest, most critical negative developments for the company are the fact that Pfizer’s
The Crew Dragon capsule sits on top of the SpaceX Falcon 9 rocket at Launch Complex 39-A at Kennedy Space Center, Fla., Friday, May 29, 2020. Joe Burbank | Orlando Sentinel | Getty Images Private spaceflight specialist Axiom Space on Wednesday announced a deal with SpaceX that added three more crewed flights to the International
An employee walks past a quilt displaying Etsy Inc. signage at the company’s headquarters in the Brooklyn. Victor J. Blue/Bloomberg via Getty Images Etsy — Shares of the e-commerce company are up 6.9% midday after Etsy announced a $1.6 billion deal to buy fashion resale app Depop. The newly acquired business, which is based in
We know we’re repeating ourselves, but we’re serious — AMC’s (NYSE:AMC) CEO knows exactly what he’s doing, and this isn’t the last you’ve heard of the soon-to-be-legendary AMC meme stock. Source: Sundry Photography / Shutterstock.com Even if AMC and other meme companies end up retreating into the shadows after their social-driven rise to fame, they’ll be
Full disclosure: In my Innovation Investor portfolio — which is aimed at investing in the most innovative, disruptive technology companies that are fundamentally changing the way the world works, with the goal of achieving 2X, 5X, even 10X returns — we own Tesla (NASDAQ:TSLA) stock. But I’ve been putting some serious thought into a very big
The 0% introductory interest rate on balance transfers is a common feature of many credit cards targeted to consumers with good to excellent credit. While this offer looks great on the surface, people who take advantage of it might find themselves on the hook for unexpected interest charges. The problem is that transferring a balance
News of AT&T’s (NYSE:T) dividend cut as part of its restructuring may have investors in dividend stocks a bit concerned. For the past year, the Covid-19 outbreak had some worried that dividend cuts were coming for many high-yielding names. Admittedly, some major names, like BP (NYSE:BP) and Royal Dutch Shell (NYSE:RDS-A, RDS-B), wound up instituting
With Airbnb (NASDAQ:ABNB) unlikely to benefit from the reopening of economies as much as conventional hotels and still facing multiple other challenges, I continue to recommend selling ABNB stock. Source: BigTunaOnline / Shutterstock.com Further, the shares’ extremely high valuation compared to other names in the lodging sector makes me wary of recommending the name at
In this article AMC An AMC theatre is pictured amid the coronavirus disease (COVID-19) pandemic in the Manhattan borough of New York City, New York, U.S., January 27, 2021. Carlo Allegri | Reuters Mudrick Capital raised eyebrows on Tuesday when it bought 8.5 million shares of AMC Entertainment through an offering from the theater chain,