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5 mins read

Intel is having a meme-stock moment. 4 retail investors explain why they're betting on the chipmaker.

Members of Reddit's WallStreetBets are exchanging Intel memes and say they've taken stakes in the c…

Theron Mohamed   


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2 mins read

FedEx tumbles to lowest in a year after cutting its yearly outlook as a labor shortage sends costs soaring

First-quarter operating results were hurt by a $450 million increase in costs from a year earlier.

Carla Mozée   


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1 min read

UPS jumps 12% after revenue and earnings beat estimates amid an e-commerce surge

UPS turned in revenue of $22.91 billion and EPS of $5.47 in its first-quarter earnings release on T…

Will Daniel   


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1 min read

Stock market today: Futures jump after Fed signals rate cuts are coming

Federal Reserve Chair Jerome Powell said he still expected to cut interest rates later this year de…

Theron Mohamed   


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2 mins read

FedEx skyrockets 17% on surprise revenue beat and a slew of Wall Street upgrades

More than a dozen Wall Street analysts rushed to upgrade their FedEx price targets following the co…

Carmen Reinicke   


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2 mins read

FedEx climbs as strong e-commerce demand during an 'unprecedented' holiday season drives earnings beat

FedEx said the increased volume of packages offset its higher labor costs and weather-related expen…

Isabelle Lee   


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2 mins read

Warren Buffett is eager to invest $80 billion. That's enough to buy GM, FedEx, or Activision Blizzard.

The famed investor's company could easily afford Twitter, Chipotle, Ford, eBay, and other blue-chip…

Theron Mohamed   


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3 mins read

A 100-year old stock market indicator has tumbled into a bear market, sending a warning sign for the economy.

The Dow Jones Transportation Average is down over 20% from its record high. Some investors use it a…

Hamza Fareed Malik   


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1 min read

Amazon's price target cut by Morgan Stanley as the bank sees hiring pressure building and wage costs surging

Morgan Stanley still sees upside for Amazon's stock price as it keeps its overweight rating on the …

Carla Mozée   


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2 mins read

Coinbase could slump to $100 as competition eats into market share of the largest US crypto exchange, New Constructs CEO says

"Coinbase is not likely to fulfill the profit expectations baked into the stock's current valuation…

Carla Mozée   


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2 mins read

FedEx boss tells the US to brace for stagflation because there aren't enough workers to meet juiced-up demand

"You simply do not have the workers to meet the demand that's been juiced by the printing of money,…

George Glover   


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3 mins read

Sensex, Nifty50 to open in the green amid positive global cues – Reliance, Adani Enterprises, Sula Vineyards among stocks in focus

The markets are likely to open on a positive note on Thursday, amid positive cues in the US and Asi…

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2 mins read

Coinbase tumbles 19% in trading debut as valuation hovers around $100 billion

Coinbase's roughly $100 billion opening valuation gave it a bigger market value than such companies…

Emily Graffeo   


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2 mins read

FedEx shares sink over 24% after the delivery giant ditches its earnings outlook and warns of a worsening global economy

The air delivery and shipping company warned that shipping volumes were declining due to an economi…

George Glover   


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2 mins read

Coinbase could jump 22% due to growth in the 'cryptoeconomy' and buy in from institutional investors, CFRA says

CFRA says Coinbase will have EPS of $6.81 per share in 2021 and expects the firm to grow at a CAGR …

Will Daniel   


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2 mins read

DoorDash surge makes the delivery company more valuable than many of the franchises it delivers for

DoorDash's market valuation also surpassed well-established delivery companies that focus on long-h…

Matthew Fox   


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2 mins read

Dow soars more than 800 points and US stocks snap weekly losing streak as investors assess Fed's course of future rate hikes

A pullback in bond yields this week helped the tech-rich Nasdaq Composite push up nearly 7% for the…

Carla Mozée   


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2 mins read

US stocks rise to shoot for a weekly gain as recession concerns lead to softening bond yields

Bond yields dropped sharply this week, helping to put stocks on course for a weekly gain for the fi…

Carla Mozée   


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2 mins read

US stocks jumps as upbeat earnings from Nike show resilient consumer spending

Nike jumped 13% in early Wednesday trades after the company said footwear and apparel sales rose 25…

Matthew Fox   


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2 mins read

This tiny electric vehicle manufacturer has surged 521% in June as hype builds around Tesla competitor Nikola Motor

Workhorse retains a 10% equity stake in Lordstown Motors and is set to receive a royalty fee for ev…

Matthew Fox