Stocks

“Dow rises for a second day to new record, broader market weighed down by tech losses”

“The Dow Jones Industrial average rose for a second day to start 2022 as investors bet on the kinds of stocks that would benefit from a robust economy this year despite the omicron threat. Losses in tech shares that were… Continue Reading…

Business

“Chip sales are set to grow nearly 10% in 2022 as risks rise, predicts new report”

“…Semiconductor sales are expected to grow by another 9% and cross $600 billion for the first time in 2022, the analysts predicted. That’s on top of the 26% growth to $553 billion in 2021, they added. A months-long semiconductor shortage… Continue Reading…

Stocks

“Stock market news… Stocks rise to kick off new year of trading”

“…U.S. equities posted another year of solid gains in 2021, rising by 27% and delivering a rare third consecutive double-digit annual percentage increase. Within the S&P 500, the energy and real estate sectors outperformed, gaining more than 42% each during… Continue Reading…

Economy

“Oil drops 10% in worst day of the year as new Covid variant sparks global demand concerns”

“Oil prices tumbled to the lowest level in more than two months Friday as the new Covid-19 strain sparked fears about a demand slowdown just as supply increases. The leg lower came amid a broad sell-off in the market with the… Continue Reading…

Economy

“Boeing, airline stocks tumble as new Covid variant spurs travel curbs”

“Boeing, airlines and other travel stocks tumbled on Friday after several European and Asian countries announced new travel restrictions from southern Africa because of a new Covid variant. The U.K. on Thursday said it would temporarily suspend flights from South… Continue Reading…

Business, Cryptocurrencies

“Crypto start-up MoonPay hits $3.4 billion valuation as bitcoin fever reaches new heights”

“…MoonPay, a relative newcomer, is taking the crypto mania in venture capital to new heights. The three-year-old fintech firm said Monday it has raised $555 million in its first-ever financing round. The investment, led by Tiger Global and Coatue, values… Continue Reading…

Business

“Investors want Exxon Mobil to pivot. Here’s the oil giant’s new playbook”

“…Over the summer, investors forced a change on Exxon’s board. Since then, the company has been speeding up plans for its green economy pivot, which includes carbon capture and storage. Carbon capture is the process of capturing CO2 at its… Continue Reading…

Business, Stocks

“AutoNation shares hit new all-time high after reporting record quarterly earnings”

“…Shares of the Florida-based dealership group jumped by as much as 12% Thursday morning before retreating to about $124 a share, up by about 6%. AutoNation’s stock is up by nearly 70% so far this year. The company reported adjusted… Continue Reading…

Stocks

“This Meme Stock Just Raced Past GameStop As The New Money Machine”

“Support.com (SPRT) erupted out of nowhere this month and is suddenly stealing the Reddit-crowd’s affection. And for good reason: It’s fast pushing GameStop aside. Shares of Support.com are up 1,583% just this year. That puts it ahead of the still-impressive 1,041%… Continue Reading…

Stocks

“3 Monster Growth Stocks That Could Hit New Highs”

“Evolent Health (EVH)… Overall, this stock has 5 recent analyst reviews on file, and they break down 4 to 1 in favor the Buys over the Hold. The shares are currently trading for $22.79 and have an average price target… Continue Reading…