New York (CNN Business) Robinhood received a startling 3:30 am call from its clearinghouse during last week’s Reddit-inspired market chaos asking for the free-trading app to put up a staggering $3 billion, co-CEO Vlad Tenev said Monday. “This was obviously nerve-wracking,” Tenev told Tesla (TSLA) boss Elon Musk during an interview on the platform Clubhouse. […]
Read More
[Reuters, File Photo] BOSTON/LONDON (Reuters) – Wall Street is gearing up for another week of market mayhem, with signs that the retail frenzy that pumped up the stock prices of the likes of GameStop Corp and AMC Entertainment Holdings Inc is spreading to other assets. Some of Wall Street’s largest hedge […]
Read More
[Bloomberg] Plug Power shares climbed 50% after SK Group deal this week Deal reflects growing interest in hydrogen as alternative fuel Plug Power Inc., a fuel-cell company that’s struggled to turn a profit, has surged in value to nearly $25 billion after striking a deal this week with a South […]
Read More
[Yahoo! Finance] Wall Street was poised for a rough session Thursday, as investors considered fast-dimming prospects for fiscal stimulus before the U.S. election and a host of new virus-related restrictions in Europe. Traders continue to fixate on whether a stimulus deal of any size will transpire within the next three […]
Read More
[MarketWatch, Getty Images] “You have to put all your money into 5 stocks and hold it for 10 years, what are you buying and why?” In Reddit’s “Stocks” community, an investor going by the name 7thAccountDontDelete posed that question to the group’s nearly 900,000 members over the weekend. The answers ranged from the […]
Read More
[Barron’s, Getty Images] PepsiCo shares were rising on Monday, following an upgrade from Citigroup, which argues that the food-and-beverage company can increase its bottom line next year. Analyst Wendy Nicholson boosted her rating on Pepsi (ticker: PEP) to Buy from Neutral, and raised her price target to $169 from $148. She […]
Read More
‘The trade is to wait for that trade’ ‘Within 18 months, it’s going to crack pretty hard. I think that you want to be avoiding it for the time being. When the next big meltdown happens, I think the U.S. is going to be the worst performing market, actually, and […]
Read More
[The Motley Fool, Getty Images] Forget politics and a pandemic. The outlook for these stocks keeps getting better, and analysts can’t keep up. With a contentious November election on the horizon — one that may have monumental implications for the economy, and in particular the healthcare industry — it’s easy for investors […]
Read More
[Investor’s Business Daily, AP] Move over Apple. Millennials prefer another stock — and it’s not even in the S&P 500 yet. Consumer discretionary Tesla (TSLA) dethroned information technology giant Apple (AAPL) as the most popular stock held by millennials. Apple got bounced from the top spot after holding it for four-straight quarters, says a just-released quarterly analysis […]
Read More
[MarketWatch, AP Photo] September is a notoriously weak month for investors and October also has the hallmarks of a rough patch for Wall Street, with the Nov. 3 presidential election looming. A bout of volatility returned to financial markets with a vengeance last week, disrupting a nearly uninterrupted climb to […]
Read More