PNC Financial’s Amanda Agati sees three reasons for the market’s speculative craze: No commission trading, low interest rates and another round of stimulus checks.
Together, the firm’s chief investment strategist calls them a “perfect storm.”
“The...
Even Elon Musk’s power has its limits, apparently, as bitcoin gave back all its gains from a nearly 20% pump that coincided with commotion over the tech mogul’s Twitter account.
Before the weekend, the Tesla CEO changed his Twitter...
The angry online mob that hopes to watch hedge funds endure a long and painful financial death could end up rattling everyday investors along the way.
If the movement gains more steam, it has a shot at impacting some...
Despite blowout corporate earnings and more solid news on the vaccine front, the stock market just posted its worst weekly performance in three months after Reddit traders squeezed Wall Street's elite out of billions of dollars, sending prices of heavily shorted stocks...
Bitcoin has surged this week, climbing after Tesla TSLA -5% chief executive Elon Musk gave the cryptocurrency a tacit endorsement.
Musk sent the bitcoin price sharply higher as a long-running battle between bullish retail traders organised via Reddit's WallStreetBets...
It’s hard to believe, but electricity stocks used to be revered by investors the way FANGMAN stocks are today. To be more precise, they were bid up to lofty valuations, as were the Nifty Fifty group of US equities which included industrial...
Shares of Netflix Inc. NFLX, -1.15% slipped 1.15% to $532.39 Friday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index SPX, -1.93% falling 1.93% to 3,714.24 and Dow Jones Industrial Average DJIA,...
Stocks fell sharply on Friday as heightened speculative trading by retail investors continued to unnerve the market.
The Dow Jones Industrial Average lost 720 points, or 2.4 percent, to fall below the 30,000 mark. The 30-stock benchmark is on...
Earnings news from Amazon and Alphabet, the important January jobs report and Washington’s discussion of stimulus could all be important to markets in the week ahead, but none of it is likely to get more attention than the short squeezes driven by...
Roblox has postponed plans to go public because of the U.S. Securities and Exchange Commission’s scrutiny of how the video game platform recognizes revenue in its finances, according to a memo the company sent to employees on Thursday.
The...
