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Well, this has sure been an “interesting” week …
Traders getting together online and essentially ganging up on short sellers to drive the stocks they’ve targeted to the moon.
We’ve seen huge...
By Jon D. Markman On January 29, 202109:28 AM Eastern
This week, markets in the United States have been roiled by short squeezes, gigantic losses at big hedge funds, and lots of whining about rule changes and fairness. It’s a mess, and that’s good...
By Tony Sagami On January 29, 202108:00 AM Eastern
“Are you serious?!” I howled at my son.
It was about three years ago. He’d just told me he’d invested half of his college fund into cryptocurrencies.
That money was for tuition. It was not for...
By Jon D. Markman On January 29, 202106:28 AM Eastern
Stocks flew around like hummingbirds in a hurricane Thursday as investors expressed a modicum of optimism over the progress of vaccination and the fiscal stimulus package aimed at COVID relief.
...
By Jon D. Markman On January 28, 202103:00 PM Eastern
New data shows the U.S. economy contracted at its deepest pace since World War II in 2020 as the COVID-19 pandemic depressed consumer spending and business investment, pushing millions of...
By Sean Brodrick On January 28, 202111:35 AM Eastern
Sometimes, you know in your bones that you’re right … but the market insists on proving you wrong.
That’s the case with B2Gold Corp. (NYSE: BTG). The fundamentals for this gold miner are...
By Jon D. Markman On January 28, 202109:35 AM Eastern
The MS unit estimates that, by the end of February, U.S. households will have amassed a $2 trillion war chest of excess savings, which they can then spend as the economy reopens.
This bullish...
By Kelly Green On January 28, 202104:57 AM Eastern
We’re wrapping up an important earnings week.
All FAANG companies will release earnings for the last quarter of 2020 this week. First up was Microsoft Corp. (Nasdaq: MSFT), which released its...
By Mike Larson On January 27, 202105:35 PM Eastern
Tuesday morning, just before 6:30 a.m. Eastern, Tesla Inc. (Nasdaq: TSLA) CEO Elon Musk tweeted, “I kinda love Etsy.”
That’s it; “that’s the tweet,” as the social-media-savvy like to say.
But...
By Jon D. Markman On January 27, 202102:15 PM Eastern
Stocks are retreating today as huge funds get squeezed by retail investors, even as top tech stocks report earnings.
Through 1:30 p.m. Eastern, the Dow was down 315 points or 1% while the Nasdaq...