U.S. Bancorp George Frey | Bloomberg | Getty Images The race to cater to institutional investors who want to wager on cryptocurrency is heating up. U.S. Bank, the fifth biggest retail bank in the nation, is expected to announce Tuesday that its cryptocurrency custody service is available to fund managers, CNBC has learned. The offering
Month: October 2021
Take a look at some of the biggest movers in the premarket: Lordstown Motors (RIDE) – The electric truck maker was downgraded to “underweight” from “equal-weight” at Morgan Stanley, which notes that the recently announced sale of Lordstown’s Ohio plant to Foxconn values the plant at less than a fifth of prior estimates. Lordstown tumbled
The Hourly View for BOOT Currently, BOOT (Get Ratings)’s price is up $2.1 (2.27%) from the hour prior. BOOT has seen its price go up 10 out of the past 10 hours, thus creating some compelling opportunities for bulls. As for the trend on the hourly timeframe, we see the clearest trend on the 20
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They call it FUD: fear, uncertainty and doubt. Based in China, ride-hailing giant Didi Global (NYSE:DIDI) has its fair share of problems, I’ll admit. But there’s also plenty of FUD surrounding DIDI stock. Source: Piotr Swat / Shutterstock.com For example, reports recently circulated claiming that China’s Beijing city government advised state-owned companies to invest in the
One of the most important traits for any investor, business executive or marketer is the ability to identify their target audiences and see things from the latter’s point of view. I believe those who are bullish on Ocugen (NASDAQ:OCGN) stock are failing to do that. OCGN stock has made headlines thanks to the company’s Covid-19
In this article SPWR Construction workers install SunPower tiles on homes in San Ramon, Calif. Robert Nickelsberg | Getty Images SunPower said Tuesday it’s restructuring its operations in a bid to focus exclusively on the fast-growing residential solar market. The company is acquiring residential solar provider Blue Raven, while also looking to sell its commercial
In this article SWX NKE NFLX Seen through a store window, a Nike employee stands in the entryway of the Nike SoHo store in New York City. Drew Angerer | Getty Images Check out the companies making headlines in midday trading. Facebook, Amazon, Apple – Shares of major technology companies led Tuesday’s market rebound. Facebook shares rose
The Hourly View for DOOO At the time of this writing, DOOO (Get Ratings)’s price is up $1.15 (1.25%) from the hour prior. DOOO has seen its price go up 4 out of the past 5 hours, thus creating some compelling opportunities for bulls. As for the trend on the hourly timeframe, we see the
After providing outstanding returns for investors in 2020, Pinterest (NYSE:PINS) has disappointed its shareholders in 2021 so far. Indeed, the third quarter was particularly brutal for folks who held onto their PINS stock. Source: Nopparat Khokthong / Shutterstock.com This might cause some people to dump their Pinterest shares or avoid investing in the company altogether. However,
Canoo (NASDAQ:GOEV) released its second-quarter results on Aug. 16 with zero revenue as expected, since it’s not yet producing any electric vehicles (EVs). Its “Lifestyle Vehicle” is not forecast to begin production until late 2022. The problem is GOEV stock is headed further down. Source: shutterstock.com/rafapress Based on Canoo’s Q2 cash level and management’s statements,
Engine No. 1, the firm that rose to prominence after waging a successful campaign against Exxon, on Monday announced an investment in General Motors. This time, the upstart activist’s stake signals support for the automaker as it transitions to electric vehicles. Engine No. 1 pointed to the similarities between Exxon and GM, noting that each
Take a look at some of the biggest movers in the premarket: Tesla (TSLA) – Tesla shares rose 3% in the premarket after the company announced it delivered 241,300 vehicles during the third quarter, its most ever for a quarter and a 73% increase over the same quarter a year ago. Moderna (MRNA), Novavax (NVAX)
The Hourly View for TNDM At the time of this writing, TNDM (Get Ratings)’s price is down $-1.49 (-1.23%) from the hour prior. This is the 2nd hour in a row TNDM has seen its price head down. Regarding the trend, note that the strongest trend exists on the 100 hour timeframe. Most noteworthy in
ETFs are more tax efficient than mutual funds due to the way they are structured. However not all ETFs are tax smart. zacks.com zacks.com/ultimate
ViacomCBS (NASDAQ:VIAC) has been a costly disappointment for some investors in 2021. Enthusiasm over the company’s newly-announced streaming plans paired with Reddit-fueled retail investors drove VIAC stock past $100 three weeks into March. That was a 174% gain in under four months. Source: Jer123 / Shutterstock.com A catastrophic crash then saw shares lose half their
A bit of positive news included in Carnival’s (NYSE:CCL) second-quarter results lifted CCL stock in late September. But even as the world appears on track to get “back to normal,” you may not want to buy Carnival’s shares at its present levels. There’s a good chance that the cruise line operator’s results will fully bounce
William Shatner Anjali Sundaram | CNBC Science fiction will soon become reality, as William Shatner is scheduled to launch on the next crewed spaceflight of Jeff Bezos’ Blue Origin. Blue Origin plans to fly the Canadian actor, who famously played Captain Kirk in the original Star Trek television series, as one of the passengers on
In this article FB DD UNP F Facebook’s logo displayed on a phone screen. Jakub Porzycki | NurPhoto via Getty Images Check out the companies making headlines in midday trading. Facebook — Facebook shares fell 5.5% after a company whistleblower unveiled her identify and accused the social media giant of a “betrayal of democracy.” The
The Hourly View for BTG Currently, BTG (Get Ratings)’s price is up $0.03 (1.02%) from the hour prior. The hourly chart shows that BTG has seen 3 straight up hours. From a hourly perspective, the market looks fairly choppy; clear trends aren’t showing up on the 20, 50 and 100 hour timeframes. Most noteworthy in