Futures rose, Bitcoin dived below $50,000, after the Biden capital gains tax plan hit stocks. Intel, Snap are key movers.
What happened Shares of several COVID-19 vaccine makers were sliding on Monday. BioNTech stock (NASDAQ: BNTX) was down 6.5% at 12:09 p.m. EDT. Shares of Moderna (NASDAQ: MRNA) had slipped 4.4%. Novavax (NASDAQ: NVAX) stock had fallen 6%.
Shares of Apple (NASDAQ: AAPL) stock dipped 1.5% in noonday trading, EDT, Monday, and the slip appears tied to some news out of Europe that broke late last week. As The Verge reported Thursday, the European Commission, the executive arm of the European Union, is considering mandating that all cellphones sold in the EU use a standard USB-C power cord. It could be a big problem for Apple, however, which uses, and sells, proprietary Lightning cables to charge its iPhones.
A vote on the bipartisan infrastructure bill is scheduled for this Thursday in the House of Representatives.
Names in the electric vehicle sector sometimes move as a group, but three stocks that are doing their own thing today are Nio (NYSE: NIO), Nikola (NASDAQ: NKLA), and Canoo (NASDAQ: GOEV). As of 11:30 a.m. EDT, Nio shares were about 2% higher, while Nikola shares were up nearly 5%. Canoo's move makes sense.
Ending the week on a sour note, shares of Bloom Energy (NYSE: BE), FuelCell Energy (NASDAQ: FCEL), and Plug Power (NASDAQ: PLUG) all tumbled lower on Friday. As of 11:48 a.m. EDT, shares of Bloom Energy are up 5.3%, while FuelCell Energy's stock and Plug Power's stock are up 10.2% and 6.1%, respectively. While some positive news from Wall Street is a catalyst for the rise in Plug Power's stock today, other investors are choosing to power up their portfolios with Bloom Energy and FuelCell Energy after learning of some encouraging news out of the Golden State.
Ford is driving head on into the future of electric vehicles.
In this article, we reviewed Bridgewater Associates founder Ray Dalio’s portfolio adjustment strategies to cope up with the market volatility. We also discussed the top ten stocks billionaire Ray Dalio is buying. You can skip our detailed discussion and jump directly to Billionaire Ray Dalio is Buying These 5 Stocks. Raymond Thomas Dalio’s $223 billion […]
Shares of MercadoLibre (NASDAQ: MELI) fell today even though there was no news out on the Latin American e-commerce company. Instead, it was one of a number of high-growth stocks that pulled back sharply today as investors were spooked by fears of rising Treasury yields, which entice investors away from growth stocks and into other options like bonds. MercadoLibre stock finished the day down 5.4% while the 10-year Treasury yield rose 1.6% to 1.48%.
Shares of cruise line stocks had a great start to the week, with the industry climbing by the high single digits in trading on Monday. Shares of Carnival (NYSE: CCL) (NYSE: CUK) were up as much as 7.7%, Royal Caribbean (NYSE: RCL) was up 5%, and Norwegian Cruise Line Holdings (NYSE: NCLH) rose 4.8% at its peak. The jump in shares was impressive given that the market overall was flat and the biggest mover was oil (an expense for cruise lines), rising 1.9%.
The Securities and Exchange Commission charged two traders with engaging in so-called "wash trading" of meme stocks, including GameStop, Inc. in alleged scheme that netted them hundreds of thousands of dollars in ill-gotten rebates from a number of stock brokers.
Red Cat Holdings Inc (NASDAQ: RCAT) is trading significantly higher Monday after the company announced its subsidiary, Skypersonic Inc, won a 5-year NASA contract. NASA is preparing a series of analog missions that will simulate year-long stays on the surface of Mars. The crew will conduct simulated operations by remote piloting Skypersonic drones and rovers in a simulated martian environment. Skypersonic's Dronebox real-time transoceanic remote piloting platform will drive the piloting of both
As MarijuanaMoment.net reports, a panel from the U.S. House of Representatives -- having passed its SAFE Banking Act (a law legalizing banks doing business with cannabis companies) as part of the 2022 National Defense Authorization Act last week -- is now preparing for a vote to "federally legalize marijuana" outright. Shares of marijuana stocks are responding as you'd expect. Sundial Growers (NASDAQ: SNDL) and Tilray (NASDAQ: TLRY) are both up 4.1% as of 11:45 a.m. EDT today.
The Dow Jones rose. Nancy Pelosi made an infrastructure bill move. AMD stock offered a buy point. Tesla stock gained, Apple stock fell.
Naked Brand Group Ltd (NASDAQ: NAKD) is continuing to trade higher Monday after the company's chairman and CEO, Justin Davis-Rice, stated Friday that the company had found an opportunity in clean technology. "I am happy to report that after extensive searching and due diligence, we believe we have found a disruptive opportunity in the clean technology sector. Due diligence on both sides is progressing and we believe the business combination will reward our patient shareholders," said Davis-Rice
It sounds like you may need a third party — a financial adviser or financial therapist — to show you on paper that you can afford to live within your means for many years to come. Having a worthy financial goal will give you something solid to focus on, instead of a blank canvas of what could happen in the future.
Investors have been rewarding companies that are doing a particularly good job of pumping out free cash flow and increasing their shareholder returns.
Bond yields rose and tech stocks fell, but shares of Elon Musk's EV maker gained. The stock behaved more like shares of Ford or General Motors.
JPMorgan CEO Jamie Dimon said that Bitcoin may rise 10 times in price in the next five years. The long-term Bitcoin critic also warned that it would be foolhardy to borrow money to buy Bitcoin.
Aurora Cannabis Inc.'s sales continued to decline while losses mounted in the final three months of the Canadian company's fiscal year, sending shares lower Monday afternoon.
Shares in Rolls-Royce, which sells turbines and engines for passenger jets and military aircraft, increased more than 10% Monday after the U.K.-listed company signed a valuable U.S. military engine deal and agreed to a landmark disposal. The London-based company said it had been selected to provide engines to the U.S. Air Force. The deal, worth up to $2.6 billion, will mean the American-made Rolls-Royce F-130 engine will power the B-52 Stratofortress for the next 30 years.