If you think the stock market's rise has been impressive, wait until you see how Bitcoin has performed.
(Bloomberg) -- Plans for the biggest corporate spending boom in more than a decade could be the next driver for stock markets trading at record highs.Last year’s prudence among companies is giving way to jubilant investment across a swath of industries, driven by economic reopenings, low interest rates and government support. Such a signal of confidence in the future is making the likes of JPMorgan Chase & Co., State Street Global Markets and Invesco Ltd. optimistic that equity investors can rea
EV Aircraft company Vertical Aerospace announced last week that they would go public via a SPAC merger.
NEW YORK (Reuters) -JPMorgan Chase & Co Chief Executive Jamie Dimon said on Monday the bank is holding around $500 billion in cash, putting it in a position to benefit from higher interest rates. "We've actually been effectively stockpiling more and more cash, waiting for opportunities to invest at higher rates," Dimon said during a virtual conference held by Morgan Stanley. "So our balance sheet is positioned (to) benefit from rising rates."
Below is a new list using the same criteria we used to pull this list of heavily shorted stocks during the Reddit/Robinhood mania in late January. The biggest short squeeze in the Russell 3000 appears to be Virgin Galactic Holdings Inc. (SPCE) which more than doubled in four weeks and was 27.82% sold short on June 11.
‘The pandemic sent my life back to the 1950s, as I had to cook, provide tech support and homeschool our child.'
Senseonics is flying as high short interest and a huge surge in social media mentions fuels another “Memic Monday.”
(Bloomberg) -- Members of the Walton family have sold 16.7 million shares of Walmart Inc. this year as they try to keep their stake in the world’s biggest retailer from ballooning amid the company’s stock buybacks.The Walton Family Holdings Trust sold $430 million worth over the past week, taking their total sales to almost $2.1 billion since Jan. 1, according to Securities and Exchange Commission filings. The notifications were filed on behalf of second-generation family members Alice, Rob and
Lordstown Motors Corp. shares slid 14% premarket, after the electric pick-up truck company announced a series of sweeping changes in its leadership team on Monday, as it seeks to transition from the research and development phase to the commercial production stage of its business. Chief Executive Steve Burns and Chief Financial Officer Julio Rodriguez have resigned from the company with immediate effect. The company has engaged an executive search firm to help find permanent CEO and CFO. In the
Pent-up demand, pandemic savings, back-to-office mandates -- experts say it will all add up to a historic wave of people leaving their jobs.
Nvidia has been ripping higher over the past month, easily running to new all-time highs. How far can it go from here?
In a hugely important decision, on Saturday a federal district judge in Texas upheld a hospital’s right to require its employees to receive Covid-19 vaccines, and rejected claims that it violated federal law or coerced employees. The judge’s decision explicitly rejected the plaintiffs’ claims that Houston Methodist Hospital is engaged in Nazi-style medical experimentation by requiring its employees to vaccinate to protect staff and patients from Covid-19. It should give employers—especially those dealing with vulnerable populations, like hospitals, prisons, schools, nursing homes, and daycares—courage to require their employees to get the safe, effective Covid-19 vaccines.
(Reuters) -Lordstown Motors Corp on Monday announced the sudden departure of its chief executive and finance head, just days after the electric truck maker warned that it may not have enough money to stay in business over the next year, sending shares down more than 20%. The resignations of founder and Chief Executive Steve Burns and Chief Financial Officer Julio Rodriguez come as the company's board reported conclusions from an internal investigation into claims made by short-seller Hindenburg. Burns is Lordstown's largest shareholder with a stake of more than 26%, according to Refinitiv data.
(Bloomberg) -- The size and type of defaults that have occurred in China in recent times indicate that the notion of “too big to fail” may no longer apply to the nation’s borrowers, according to Goldman Sachs Group Inc.There has been a noticeable up-tick in defaults by Chinese state-owned enterprises since late 2019 and some of the borrowers that have failed to repay debt recently such as China Fortune Land Development Co. have had large amounts of outstanding bonds, analysts including Kenneth H
The president's speech follows El Salvador's adoption of bitcoin as legal tender.
Prices of the world's No. 1 crypto on Sunday trade sharply higher after digital-asset bull Elon Musk says Tesla would resume allowing transactions at the vehicle-maker's stores when key members of bitcoin infrastructure can confirm that 50% of the energy used to mine for bitcoin is derived from clean energy sources.
When investors are looking for fresh investment ideas, recent recommendations from Wall Street analysts can underscore compelling investment opportunities. This is where RBC Capital comes in. The investment firm has issued recommendations on 3 stocks, highlighting each based on its strong long-term growth prospects. While the firm’s analysts believe these stocks are poised to surge at least 50% in the year ahead, we wanted to get the rest of the Street’s opinion. After using TipRanks’ database,
Billionaire investor Paul Tudor Jones says that if the Federal Reserve ignores rising price pressures on Wednesday, it will be a “green light on every inflation trade.”
Goldman Sachs analyst Michael Lapides says energy- infrastructure stocks can gain as oil prices stay strong and companies are able to transport more fuel.
Wages are soaring and jobs opening are at record highs as workers feel empowered to put a price on their dignity.
(Bloomberg) -- Trying to keep up with the frenzied rise of so-called meme stocks might feel a bit like playing a game of whack-a-mole, bewildering analysts and investors alike.While there’s no steadfast definition of what constitutes a meme stock, one common thread across the many names being pitched on social media is a focus on heavily shorted companies. Shares of Reddit icon GameStop Corp. jumped as much as 2,500% in January after day traders noticed its short interest had ballooned to record