Gabriela Bhaskar | Bloomberg | Getty Images The $1,400 stimulus checks are hitting Americans’ bank accounts, but Bank of America doesn’t expect the fiscal aid to spur speculative trading in GameStop’s stock. Since the GameStop trading mania that took place in January, the Wall Street firm’s predictive analytics team has been monitoring non-fundamental factors in
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Traders work during the opening bell at the New York Stock Exchange (NYSE) on March 5, 2020 at Wall Street in New York City. (Photo by Johannes EISELE / AFP) (Photo by JOHANNES EISELE/AFP via Getty Images) Photo by Johannes Eisele | AFP | Getty Images It took the SPAC market just three months to
Norm Betts | Bloomberg | Getty Images Visa shares dropped sharply in midday trading Friday after a report said the Justice Department has opened an investigation into its debit card business and possible anticompetitive practices. The department’s antitrust division has started to collect information on whether Visa, the largest card network in the United States,
Webull CEO Anthony Denier told CNBC on Friday that the brokerage app is seeing a rise in activity since the latest round of stimulus checks have been sent to Americans. “We have seen an uptick in deposits for sure,” Denier said in an interview on “Closing Bell.” “There’s definitely a pretty substantial increase in the
Amazon.com delivery trucks in Richmond, California, U.S., on Tuesday, Oct. 13, 2020. David Paul Morris | Bloomberg | Getty Images Given the current financial environment, which strategy can investors use to pinpoint compelling opportunities? Despite inflation concerns, there are still stocks poised to outperform. One way to find them is by following the recommendations of
Traders work on the floor of the New York Stock Exchange. NYSE Do you have Fear of Missing Out on all this wild trading going on this year? Would you buy a FOMO fund if someone offered it to you? Some investors are betting you will. Investing in the stock market these days is like
Traders work on the floor of the New York Stock Exchange (NYSE) on March 16, 2020 in New York City. Spencer Platt | Getty Images March 16, 2020 was the day when Covid got very real for market investors. It was the week everyone realized that we would be in for a prolonged shutdown. When
Traders work on the floor of the New York Stock Exchange. NYSE Are you confused about what is going on in the markets? Traders sure are. “We all got comfortable thinking Covid was done or manageable, and it may turn out to still be a wild card,” Peter Tchir from Academy Securities told me. ”Nobody wants another
Plug Power hydrogen delivery truck. Source: Plug Power Check out the companies making headlines in midday trading. Plug Power – The fuel cell maker’s shares slid more than 16% after Plug Power said it will restate financial results following accounting errors. In a filing the company said the errors are primarily related to areas including
A Five Below location. John Greim | LightRocket | Getty Images Check out the companies making headlines after the bell on Wednesday: Five Below – The discount retailer’s shares ticked up 6% after the company’s fourth-quarter results topped Wall Street analyst expectations. Five Below reported earnings per share of $2.20 on revenue of $859 million.
Federal Reserve Chairman Jerome Powell speaks to reporters after the Federal Reserve cut interest rates in an emergency move designed to shield the world’s largest economy from the impact of the coronavirus, during a news conference in Washington, March 3, 2020. Kevin Lamarque | Reuters Fed Chairman Jerome Powell soothed markets Wednesday and pushed back
Take a look at some of the biggest movers in the premarket: Dollar General (DG) – Dollar General shares tumbled 6.1% in premarket action after the discount retailer missed estimates by 10 cents a share, with quarterly earnings of $2.62 per share. The company exceeded revenue estimates as comparable-store sales increased more than expected. Signet
A Dollar General store in Creve Coeur, Illinois. Daniel Acker | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Williams-Sonoma – Shares of the retailer jumped more than 20% after the company beat top and bottom line estimates during the fourth quarter. Williams-Sonoma earned $3.95 per share excluding items during
Chairman of the Federal Reserve Jerome Powell testifies during the Senate’s Committee on Banking, Housing, and Urban Affairs hearing examining the quarterly CARES Act report to Congress on September 24, 2020, in Washington, DC. Drew Angerer | AFP | Getty Images Treasury yields flared on Thursday as bond market players grappled with the Federal Reserve’s
A pedestrian walks past American multinational sport clothing brand, Nike store and its logo seen in Hong Kong. Budrul Chukrut | SOPA Images | LightRocket | Getty Images Check out the companies making headlines after the bell on Thursday: FedEx – Shares of the delivery service ticked up 3.6% after the company announced fiscal third-quarter
Take a look at some of the biggest movers in the premarket: Nike (NKE) – Nike came in 14 cents a share above estimates, with quarterly profit of 90 cents per share. The athletic footwear and apparel company’s revenue came in below analysts’ projections, however, and its full-year revenue outlook was also shy of estimates.
Andrew Harrer | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Visa — Shares of the payment processor fell 4.7% in midday trading after a report said the Justice Department is investigating whether business practices at the payment processor’s debit-card business is leading to unlawful market dominance. The Wall Street
Chairman of the Federal Reserve Jerome Powell listens during a Senate Banking Committee hearing on “The Quarterly CARES Act Report to Congress” on Capitol Hill in Washington, U.S., December 1, 2020. Susan Walsh | Reuters The Federal Reserve could remain a source of angst for markets in the week ahead, with chairman Jerome Powell scheduled
Over the past two months, the open interest on Ether options increased by 50% to reach $3.1 billion as ETH price gained 44% in that time period. Ether’s price appreciation and the rising options open interest resulted in a potentially historic $1.15 billion expiry set for March 26. Ether options aggregate open interest. Source: Cryptorank
Cardano (ADA) made a run at its all-time price high on March 18, following renewed retail interest in the asset. It ultimately hit a price of $1.47 on Thursday, based on TradingView data from the Kraken exchange — just short of its $1.48 all-time price high, set on Feb. 27. Cardano’s 1-hour chart shows the asset