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2 mins read
US stocks slip from record highs as investors mull weak retail-sales data ahead of Fed decision
"Despite the 'transitory' message regarding inflation, some on the Committee must be twitching a li…
Isabelle Lee
2 mins read
DraftKings soars as much as 18% after making trading debut amid sports lockdown and intense market volatility
The betting platform went public through a unique merger that allows shares to begin trading withou…
Ben Winck
2 mins read
Long-term projections by some SPAC stocks are proving to be wishful thinking as Virgin Galactic misses 2021 revenue target by 98%
Nikola said during its SPAC IPO that it expected to generate about $150 million in revenue in 2021.…
Matthew Fox
2 mins read
Tesla's planned $5 billion share sale pushes bonds to records as the automaker's balance sheet strengthens
The bond reached a record-low 79 cents on the dollar in March as investors feared the coronavirus p…
Ben Winck
2 mins read
Dow soars 506 points as stocks recoup nearly all losses from Evergrande sell-off
The S&P 500 is just 2% below its record high as investors shake off fears related to the Evergrande…
Matthew Fox
1 min read
Cathie Wood bought the dip in DraftKings after $20 billion Entain buyout news sent shares tumbling
Despite Wood's bullishness, on Thursday research firm Hedgeye said DraftKings was one of the best s…
Ethan Wu
2 mins read
There were no new SPAC debuts last week for the first time since March 2020, as signs point to the end of the blank-check craze
Bespoke Investment Group said 20 names in the SPAK ETF have lost roughly 50% since mid-February, wi…
Carla Mozée
2 mins read
Tech stocks rebound as bond-market turmoil and reflation trades fade
GameStop, AMC, and other Reddit favorites declined as retail traders' latest attempt at a short squ…
Ben Winck
2 mins read
Dow climbs 350 points on strong earnings and stimulus hopes
Stocks climbed on Friday as investors reacted to strong earnings reports and pinned hopes on furthe…
Matthew Fox
2 mins read
US stocks post 2nd straight weekly gain as vaccine optimism offsets virus spike
Stocks finished the week high as investor optimism towards a successful COVID-19 vaccine outweighed…
Matthew Fox
2 mins read
BUZZ ETF dips in trading debut as investors pass on internet-favorite stocks
Barstool Sports founder Dave Portnoy endorsed the fund on Tuesday, praising it as an effective tool…
Ben Winck
4 mins read
US stocks close mixed as tech slump overshadows Fed's plans for long-term support
Central bank policymakers signaled on Wednesday near-zero interest rates would last through 2023 to…
Ben Winck
3 mins read
US stocks climb as investors await policy guidance from the Fed
Investors also mulled August retail-sales data. Spending grew by just 0.6%, missing economists' est…
Ben Winck
3 mins read
Dow jumps 328 points as Oracle and Nvidia deals boost tech sector
The rally followed the S&P 500's first back-to-back weekly declines since March. The recent slumps …
Ben Winck
2 mins read
'Portnoy momentum' can drive Penn National 25% higher, Stifel says
Penn National has rallied 165% year-to-date, vastly outperforming the S&P 500's year-to-date return…
Matthew Fox
3 mins read
Dow climbs 260 points as tech shares, oil rebound drive gains
Tech stocks led the way higher on Friday, with semiconductor manufacturers outperforming the broade…
Carmen Reinicke
2 mins read
Barstool Sports could drive 'rapid share gains' for Penn National Gaming and help drive the stock 20% higher, according to Goldman Sachs
Penn stands at the crossroads of benefiting from "a rapidly rebounding regional casino space" and a…
Matthew Fox
2 mins read
The Fed's 'clarity' on its aggressive path of rate hikes has reignited risk appetite among retail investors, research firm says
"Somewhat surprisingly," retail purchases of stocks and ETFs have bounced back to year-to-date aver…
Carla Mozée
3 mins read
10 things before the opening bell
Sam Bankman-Fried and a global market watchdog talk crypto regulation, real estate tips for beginne…
Phil Rosen
2 mins read
Tesla rips past $420 - the price Elon Musk targeted in the notorious 'funding secured' tweet uproar
Tesla will work with China Construction Bank, Agricultural Bank of China, Industrial and Commercial…