As I predicted a few weeks back, the choppy uptrend in tech-focused acquisitions company Vinco Ventures (NASDAQ:BBIG) appears to have come to an end. Following an 800%-plus year-to-date gain, BBIG stock topped out in early September. Shares now sit more than 60% below that high, following a 44% drop in the past week and a
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As of 2021, there are reportedly 2,755 billionaires on Earth, with an estimated total net worth of $13.1 trillion. Of this amount, the top 10 wealthiest people in the world account for $1,153 billion, or roughly 8.8%, which is impressive when you consider that they represent around 0.36% of billionaires. Below are the 10 individuals
In this article AMZN VZ INDIA – 2019/08/30: In this photo illustration a popular wireless communication application Verizon logo seen displayed on a smartphone. (Photo Illustration by Avishek Das | SOPA Images | LightRocket | Getty Images Verizon is partnering with Amazon to use the tech giant’s coming satellite internet system to expand rural broadband
Traders work on the floor of the New York Stock Exchange (NYSE), October 12, 2021. Brendan McDermid | Reuters After all but vanishing last year, stock buybacks are surging in 2021 and will likely hit a record in the third quarter. The surge in buybacks comes at a delicate moment for corporate America. Senators Sherrod
In this article FB NVDA LMT Hasbro board games. Justin Sullivan | Getty Images Check out the companies making headlines in midday trading. Lockheed Martin — Shares of the defense contractor tumbled 12.5% after it reported a quarterly revenue miss and lowered its expectations for next year. Lockheed anticipates a “slight reduction in revenue in
The surge and popularity of Bitcoin (CCC:BTC-USD) gave a solid push to Coinbase (NASDAQ:COIN) stock, as the prices of Bitcoin increased, Coinbase saw a rise in revenue and it became the go-to platform for crypto investors. Source: OpturaDesign / Shutterstock.com Soon there were many assets to invest in and Bitcoin was not the only reason people
Two days ago, Tesla (NASDAQ:TSLA) did something unthinkable – something that only four tech stocks in the history of capitalism have ever accomplished. It became a trillion-dollar company. It joined Alphabet (NASDAQ:GOOG), Apple (NASDAQ:AAPL), Amazon (NASDAQ:AMZN), and Microsoft (NASDAQ:MSFT) as the only U.S. companies to currently hold that distinction. Not only that, but Tesla cleared
When Virgin Galactic (NYSE:SPCE) stock began trading in 2019, its management had laid out an aggressive strategy to start flying out people to space by 2020. Source: rafapress / Shutterstock.com Then the pandemic hit, which had Virgin and countless other companies having to reassess their plans. Since then, the developments have been mostly underwhelming for
The Robinhood (NASDAQ:HOOD) platform is certainly an interesting one for those looking to invest in the stock market. It certainly burst onto the scene early in the pandemic with commission free trading. That feature made it very attractive to retail investors, leading to impressive growth for Robinhood stocks. The Robinhood platform has been around for
Eric Glyman and Karim Atiyeh, cofounders of corporate card startup Ramp Corporate charge card start-up Ramp is going after publicly-traded competitor Bill.com with a free invoice management and payments platform, CNBC has learned. The start-up has grown rapidly this year by offering small and medium-sized businesses a cash back card paired with software that identifies
In this article ENPH FBHS MSFT Photo Illustration by Pavlo Gonchar SOPA Images | LightRocket | Getty Images Check out the companies making headlines in after hours trading: Robinhood — Shares of the stock-trading app declined more than 9% during extended trading after the company’s third-quarter revenue missed expectations amid a slowdown in cryptocurrency trading.
Yesterday, Hertz Global Holdings Inc. (HTZZ) announced plans to buy 100,000 electric vehicles (EVs) from Tesla. Investors seized on this unexpected news to boost Tesla’s market cap over the $1 trillion mark. As I write this, the stock price is also still strutting its spectacular trillion-dollar valuation. “[Hertz’s purchase is] the single-largest purchase ever for
Income investors are facing negative real returns as inflation rates soar. Not only is wage growth falling behind inflation, but cash savings are earning almost nothing in bank accounts. Investors who waited years for interest rates to rise and pay a better return now cannot wait. However, those who found high-yield stock gems have earned
Farmmi (NASDAQ:FAMI) is a tiny Chinese company in the agricultural products sector and a true penny stock, with shares currently trading for around 35 cents. FAMI stock collapsed below a dollar in April on a large secondary offering, and it hasn’t topped 60 cents since that point. Source: Shutterstock There was one more significant rally
What’s wrong with the American tax system? Depending on their perspectives, taxpayers complain about a wide range of features. However, a recent study by the Pew Research Center reveals that a majority express a concern that the system is unfair. They believe that it often requires low- and middle-income individuals to pay taxes on a
Nio (NYSE:NIO) has become a bet that China will ultimately take down Tesla (NASDAQ:TSLA), at least in its home market. Source: xiaorui / Shutterstock.com Before Monday’s Hertz-fueled electric vehicle rally, Nio stock was up 8.5% since I last wrote about it on Oct. 11. At the time I had to eat humble pie, admitting that
Take a look at some of the biggest movers in the premarket: Facebook (FB) – Facebook gained 1.9% in the premarket after reporting mixed results for the second quarter. Facebook beat estimates by 3 cents a share, with quarterly earnings of $3.22 per share. Revenue missed, however, as ad sales growth slowed in the face
Maybe you don’t know much about quantum computing – that’s perfectly fine. You’re still invited to consider IonQ (NYSE:IONQ) as the company just recently went public and IonQ stock is now available for trading. Source: Shutterstock InvestorPlace contributor Ian Bezek put IonQ on his must-read list of seven computing stocks to buy. Bezek pointed out that
Since the beginning of the Covid-19 pandemic, several sectors have grabbed the limelight. In particular, due to the advent of social distancing, online businesses flourished. Zoom (NASDAQ:ZM), which provides a video-communications platform, was a major beneficiary of the trend, causing ZM stock to boom. Source: Michael Vi / Shutterstock.com Trading at $67 towards the end
Grom Social Enterprises (NASDAQ:GROM) is a recently public social media company that is geared to kids under 13. It is also an original content provider of entertainment for kids. The problem is it has no chance of originating profits, at least based on its present financial situation. That means GROM stock is not likely to
In this article TSLA PYPL PINS Pedestrians pass in front of Pinterest signage displayed outside of the New York Stock Exchange. Michael Nagle | Bloomberg | Getty Images Check out the companies making headlines in midday trading. PayPal, Pinterest – Shares of PayPal climbed more than 3% as Pinterest shares tumbled more than 12% after
Investors in ViacomCBS (NASDAQ:VIAC) will be watching the company’s third-quarter earnings release on Nov. 4 to see how well its free cash flow (FCF) performs. This could have a major effect on the VIAC stock price. Source: Jer123 / Shutterstock.com That could not happen at a better time, since the stock is at a six-month
Seasoned income investors know that the secret to good dividend stocks isn’t always about the size of the yield, it’s about the consistency. Income investing isn’t a short-term game. It’s a long-term strategy, so you need quality stocks that can deliver dependable income in good times and bad. Newcomers in income or total return investing
If I had a pet, I could love Zomedica (NYSEAMERICAN:ZOM) and its services — but its stock is another story. In March, I pointed out that ZOM stock is “overvalued and a risky bet” because of the low acceptance rate of its Truforma platform. So far, my opinion hasn’t changed. Source: didesign021 / Shutterstock.com In
When Social Security was introduced in 1935, it was never intended to be a primary income source that could support people in retirement. Rather, its sole purpose was to provide a safety net for people who were unable to accumulate sufficient retirement savings. For the next several decades, the majority of Americans never gave much
So far this month, two factors have enabled shares in Chinese EV company Nio (NYSE:NIO) to make their way back toward $40 per share. First, worries about investing in China have eased a bit. Issues like the Evergrande (OTCMKTS:EGRNF) crisis, as well as China’s crackdown on some of its largest companies, are weighing less on
In this article WFC A Wells Fargo logo is seen at the SIBOS banking and financial conference in Toronto Chris Helgren | Reuters Wells Fargo is developing a virtual assistant to help it convert more retail banking customers into digital users, CNBC has learned. The assistant, named Fargo, will be able to execute tasks including
Take a look at some of the biggest movers in the premarket: Pinterest (PINS) – Pinterest shares tumbled 13.2% in premarket trading after PayPal (PYPL) said it was not pursuing an acquisition of the social media company at this time. Its statement came in response to reports that it was pursuing an acquisition of Pinterest
ContextLogic (NASDAQ:WISH) is an e-commerce company that owns an online e-commerce platform, Wish.com, with 90 million monthly active users. Due to the Covid-19 pandemic hit, many people were left with no other choice but to rely heavily on e-commerce companies for food and necessities—driving WISH stock up. Source: sdx15 / Shutterstock.com Once lockdown restrictions eased
When Skillz (NYSE:SKLZ) stock traded at a 52-week low last week, it validated the bears. Source: Rawpixel.com/Shutterstock.com The stock has a short float of more than one-fifth. How did the skeptics know that this electronic gaming and multimedia firm would fall by so much? Momentum investors tried to lift SKLZ stock a few times in