In this article BBBY BB AMC Joe Moglia, former CEO of online trading platform TD Ameritrade, issued a stern warning Thursday about using leverage to try to outsize returns in meme stocks. “My biggest concern is what’s going on with the individual investor” using borrowed money to trade more than they have, Moglia told CNBC’s
admin
Five years ago, Lindsay McCormick was working as a TV producer on HGTV’s “House Hunters.” She was traveling the country, living out of a suitcase, and relying heavily on travel-size toiletries. “I kept going through toothpaste tubes and I was just like, this feels so wasteful,” McCormick says. An avid surfer and former surf instructor,
In this article GM Check out the companies making headlines in midday trading. Blackberry — Shares of the tech company were down 4% in midday trading after surging more than 20% shortly after the opening bell. Blackberry has become one of the most-discussed stocks on Reddit in recent days, which helped to fuel a rally.
Here are the most important news, trends and analysis that investors need to start their trading day: AMC mania captivates Wall Street, company to sell more shares Short sellers of AMC shares lost $2.8 billion in one day Bond yields inch higher ahead of two jobs reports Largest meat producer getting back online after cyberattack
In this article SPCX Morsa Images | E+ | Getty Images Early in 2021, SPACs, or special purpose acquisition companies, raised record amounts of money to take private firms public. The frenzy, and recent slump of SPAC shares, could lead to riskier deals in the coming months and years, meaning those looking to invest in
In this article AMC An AMC theatre is pictured amid the coronavirus disease (COVID-19) pandemic in the Manhattan borough of New York City, New York, U.S., January 27, 2021. Carlo Allegri | Reuters Mudrick Capital raised eyebrows on Tuesday when it bought 8.5 million shares of AMC Entertainment through an offering from the theater chain,
In this article GME AMC BB-CA Mario Tama | Getty Images AMC Entertainment‘s stock continued its wild ride on Wednesday, with the price per share rising more than 100% and prompting a halt to its trading several times. AMC is one of several so-called meme stocks that have seen a surge in interest from individual
Tesla China-made Model 3 vehicles are seen during a delivery event at its factory in Shanghai, China January 7, 2020. Aly Song | Reuters BEIJING — Tesla is recalling more than 700 units of its Model 3 electric car that were imported into China, the central government’s market regulator said Thursday. The announcement follows recalls
In this article TSLA BEVER-NL Elon Musk brought electric vehicles into the mainstream with Tesla. Now the EV company is grappling with the consequences of its own innovation, former Ford Motor CEO Mark Fields told CNBC on Wednesday. “One of the many things he did is he pushed the industry toward taking EV seriously,” Fields
In this article AMZN It’s typically one of the most anticipated sales of the year. In 2021, pent-up consumer demand and a surge in new online shoppers could make Amazon Prime Day even bigger. This year’s Amazon Prime Day will include discounts on more than 2 million items for Prime members — about twice as
The Crew Dragon capsule sits on top of the SpaceX Falcon 9 rocket at Launch Complex 39-A at Kennedy Space Center, Fla., Friday, May 29, 2020. Joe Burbank | Orlando Sentinel | Getty Images Private spaceflight specialist Axiom Space on Wednesday announced a deal with SpaceX that added three more crewed flights to the International
Less than two months after Coinbase’s stock market debut, rival crypto exchange Kraken is bringing its mobile app to the U.S. as retail investors flock to digital currencies. Starting Wednesday, the new Kraken App will allow many users across the U.S. to securely buy and sell more than 50 crypto tokens from their mobile phones.
In this article ZM Zoom Video Communications Inc. founder and CEO Eric Yuan at the company’s IPO at Nasdaq MarketSite in New York, April 18, 2019. Victor J. Blue | Bloomberg | Getty Images Zoom reported better-than-expected results on Tuesday, with sales growth of 191%. But the shares fell as much as 5% in extended
In this article TXRH SHAK TAST CBRL DRI TSN A worker walks past a mural outside the JBS SA pork processing plant in Louisville, Kentucky, U.S., on Friday, June 5, 2020. Luke Sharrett | Bloomberg | Getty Images The cyberattack on JBS, the world’s largest meatpacking company, could cause pain for restaurants if the situation
martin-dm | E+ | Getty Images As the world opens following Covid restrictions, people are also reopening their wallets. For many, it’s exciting to be getting back to some sense of normal. It could also wreak havoc on personal finances, especially if people aren’t careful. “It’s critically important to revisit your budget and how you
Thomas M. Barwick | Getty Images As investors become more interested in cryptocurrencies, financial advisors are feeling a new urgency to offer the investments to clients. About 49% of advisors said clients have asked about cryptocurrencies in the past six months, up from 17% in 2020, according to the Financial Planning Association and the Journal
In this article KODK Workers at the KODAK billboard at Times Square, March 2004. Avalon | Hulton Archive | Getty Images The New York Attorney General on Tuesday asked a court to force Kodak’s CEO to publicly testify amid an investigation over allegations of insider trading. The petition, filed with the New York County State
Tasos Katopodis | Bloomberg | Getty Images President Joe Biden wants to raise the top income-tax rate for wealthy households to 39.6%, from the current 37%, to help finance his legislative agenda. That top rate would apply to single individuals with taxable income over $452,700 and married couples filing a joint tax return with income
The flags of China, U.S. and the Chinese Communist Party are displayed in a flag stall at the Yiwu Wholesale Market in Yiwu, Zhejiang province, China, May 10, 2019. Aly Song | Reuters BEIJING — China’s Vice Premier Liu He and U.S. Treasury Secretary Janet Yellen spoke Wednesday for the first time since President Joe
In this article .CRBQX HPE Zoom founder Eric Yuan poses in front of the Nasdaq building as the screen shows the logo of the video-conferencing software company Zoom after the opening bell ceremony on April 18, 2019 in New York City. Kena Betancur | Getty Images Check out the companies making headlines after the bell
What will it take to convince people to get vaccinated against Covid? From free doughnuts to million-dollar payouts, public and private groups are trying it all. Back in March, Krispy Kreme was one of the first businesses to roll out a nationwide Covid vaccine incentive, offering a free glazed doughnut to any adult with a vaccination
Take a look at some of the biggest movers in the premarket: AMC Entertainment (AMC) – AMC is selling 8.5 million shares to investment firm Mudrick Capital for $230.5 million, following the recent surge in the movie theater operator’s stock price. AMC plans to use the proceeds to pursue the acquisition of theater assets and
Here are the most important news, trends and analysis that investors need to start their trading day: Dow set to jump on the first day of June AMC shares to add to last week’s strong rally Biden to announce new efforts to narrow racial wealth gap Elon Musk reveals reason for Tesla vehicle price hikes
Hispanolistic | E+ | Getty Images When Jordan Wexler’s niece recently lost her first tooth, he sent her $15 along with a video of himself dancing while dressed up as a Tooth Fairy. The money was not the typical cash kids traditionally receive under their pillows. Instead, Wexler put the money toward an investment on
In this article ETH= BTC.BS=-USS TIGR FUTU In this photo illustration a Bitcoin logo seen displayed on a smartphone with stock market percentages in the background. Omar Marques | SOPA Images | LightRocket | Getty Images BEIJING — Two of China’s rivals to stock trading app Robinhood are looking to cryptocurrencies as a way to
Covid-19 vaccination drive at a Government health centre during Covid-19 emergency in Kolkata, India, 03 May, 2021. Pfizer in talks with India over expedited approval for Covid-19 vaccine according to an Indian media report. Indranil Aditya | NurPhoto | Getty Images India’s economy is expected to have improved in the three months that ended in
No-Mad | iStock | Getty Images More than 11 million Americans are behind on their rent and many could be pushed from their homes when the national eviction ban expires in June. The Centers for Disease Control and Prevention’s eviction moratorium, which has been in effect since September, will lift on June 30. Although the
R.Tsubin | Moment | Getty Images The Biden administration wants to get tougher on tax cheats — and cryptocurrency is an area of interest. Virtual currencies like bitcoin and ethereum, which are collectively valued around $2 trillion, offer investors a way to shield income from tax authorities. In that way, the crypto economy contributes to
Ruins of the Greenwood District after the massacre of African Americans in Tulsa, Oklahoma, in June 1921. American National Red Cross photograph collection. GHI | Universal Images Group | Getty Images A century ago this week, the wealthiest U.S. Black community was burned to the ground. At the turn of the 20th century, the Greenwood
Lee Hsien Loong, Singapore’s prime minister. Roslan Rahman | AFP | Getty Images SINGAPORE — Singapore’s Prime Minister Lee Hsien Loong said Monday that the country’s Covid restrictions may be relaxed after June 13 if the situation improves. “Barring another super-spreader or big cluster, we should be on track to bring this outbreak under control,”