Virgin Galactic’s spacecraft outside Spaceport America in New Mexico. Virgin Galactic Virgin Galactic stock drop after reporting first quarter results accelerated in early trading on Tuesday, with the company’s next spaceflight test – and its broader path to beginning commercial flights – possibly delayed further. The space tourism company gave an update on progress toward
In this article DPZ Bill Ackman, founder and CEO of Pershing Square Capital Management. Adam Jeffery | CNBC Billionaire hedge fund manager Bill Ackman said his Pershing Square built a 6% stake in Domino’s Pizza, swapping out its Starbucks bet. Ackman revealed his hedge fund sold Starbucks after the coffee chain’s swift rebound from the
The PayPal application can be seen on a mobile phone. Felix Kästle | picture alliance | Getty Images PayPal is making another acquisition in the e-commerce space as it moves beyond payments and into physical and online retail. The digital payments giant announced a deal to acquire start-up Happy Returns on Thursday for an undisclosed
In this article DUK A view of Duke Energy’s Marshall Power Plant in Sherrills Ford, North Carolina, November 29, 2018. Chris Keane | Reuters Company: Duke Energy Corp. (DUK) Business: Duke operates as an energy company in the United States that is the product of a merger with Cinergy in 2006; a merger with Progress
Spencer Platt | Getty Images With fears of inflation on the rise, investors are searching for strategies to pinpoint compelling opportunities. One such strategy is to look for stocks that appear underappreciated by the Street and have plenty of room to run. The following names meet the requirements and have the support of analysts with
In this article PEP A trader works on the floor of the New York Stock Exchange. NYSE Everyone knew earnings were going to be good, but this is really good. “There’s evidence every day that growth is clearly improving around the world, today from the US to Australia,” Ed Hyman, chairman and head of the
Traders on the New York Stock Exchange. Source: NYSE This is a very powerful rally. The combination of surprisingly strong economic reports and even more surprisingly strong earnings reports is pushing broad swaths of the U.S. stock market to new highs. Even the technicians are impressed. “The vast majority of NYSE stocks are in intermediate-term
Traders on the floor of the New York Stock Exchange. Source: NYSE The market is showing some signs of exhaustion, and with good reason. Most major parts of the market have run up significantly in the past month. But there is a growing chorus warning that we are at “peak everything.” That is, peak earnings
Traders on the floor of the New York Stock Exchange. Source: NYSE The reopening story is now getting very real, at least for Wall Street. Today’s crop of earnings reports are chock-full of companies reporting earnings above expectations and, most importantly, raising guidance. Take steel maker Nucor, which reported what CEO Leon Topalian called the
President Joe Biden addresses a joint session of Congress at the U.S. Capitol in Washington, U.S., April 28, 2021. Doug Mills | Reuters If the stock market is considered a barometer of success, Joe Biden’s first 100 days in office is starting off with a bang…a big bang. Since the election, the S&P 500 is
Traders on the NYSE, May 3, 2021. Source: NYSE It’s not just about earnings anymore: Dividends and huge inflows are helping stocks power forward. April trading data is in, and it shows two surprises: an increase in dividends, and huge inflows into equities that are even stronger than the first three months of the year.
In this article .DFII Traders working at the New York Stock Exchange (NYSE), today, Wednesday, April 21, 2021. Source: NYSE The NYSE is adjusting its Covid protocols and will allow more people on its trading floor. Beginning Monday, members of the floor community who have been fully vaccinated will be exempt from certain restrictions, including
Gary Gensler, then-chairman of the U.S. Commodity Futures Trading Commission (CFTC). Simon Dawson | Bloomberg | Getty Images New Securities and Exchange Commission Chairman Gary Gensler will testify before the House Financial Services Committee on Thursday. This is the third House hearing focused on GameStop, but this is Gensler’s first appearance as chairman before the Committee.
What does inflation do to stock prices? Stocks are reacting negatively this week to modestly higher inflation figures, but it’s not at all clear that the current figures are a long-term negative for stocks. Higher inflation is usually looked on as a negative for stocks, because it increases borrowing costs, increases input costs (materials, labor),
People crowd outdoor seating at a restaurant as coronavirus disease (COVID-19) restrictions are eased in Ann Arbor, Michigan, U.S., April 4, 2021. Emily Elconin | Reuters A new book by Nobel Economics Prize winner Daniel Kahneman asks, why does everyone make such bad decisions and what can we do about it? Why do we all
Traders look on as a screen shows Federal Reserve Chairman Jerome Powell’s news conference after the U.S. Federal Reserve interest rates announcement on the floor of the New York Stock Exchange (NYSE) in New York, U.S., July 31, 2019. Brendan McDermid | Reuters Red-hot consumer inflation data for April spooked markets and raised concerns that
In this article VRM BMBL Displays outside the Nasdaq MarketSite are pictured as dating app operator Bumble Inc. (BMBL) made its debut on the Nasdaq stock exchange during the company’s IPO in New York City, New York, U.S., February 11, 2021. Mike Segar | Reuters Check out the companies making headlines after the bell on
Take a look at some of the biggest movers in the premarket: Vroom (VRM) – Vroom stock jumped 11% in the premarket after it reported a smaller-than-expected loss for its latest quarter. The online used-car retailer’s revenue beat estimates as demand surged. Consumers are turning to used cars as the global chip shortage crimps production
Canada Goose parkas hang on display at a store in Richmond Hill, Ontario. Chris So | Toronto Star | Getty Images Check out the companies making headlines in midday trading. Canada Goose — Shares of the retailer slid 6% despite beating analysts’ earnings expectations. Canada Goose reported earnings of 1 cent per share, compared to
In this article ABNB COIN DIS Pedestrians wearing protective masks wait to enter a Disney store in San Francisco, California, on Wednesday, Dec. 23, 2020. David Paul Morris | Bloomberg | Getty Images Check out the companies making headlines after the bell on Thursday: Disney — Disney shares slipped more than 3% after the company’s