A sign hangs in front of an AMC theater on January 27, 2021 in Chicago, Illinois. Shares of AMC Entertainment more than quadrupled today as investors continue their buying spree on heavily shorted stocks. Scott Olson | Getty Images Insider-selling activity at AMC Entertainment ramped up like never before during the recent explosive rally driven
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In this article .BBKA A customer shops for meat at a Costco store on May 24, 2021 in Novato, California. Justin Sullivan | Getty Images Inflation may look like a problem that will go away, but is more likely to persist and lead to a crisis in the years ahead, according to a warning from
An employee preps a John Deere & Co. excavator for sale at Martin Equipment in Rock Island, Illinois. Daniel Acker | Bloomberg | Getty Images With May coming to a close, Wall Street analysts are fine tuning their recommendations as COVID-19 vaccinations pave the way for further economic re-opening this summer. We used TipRanks
A butcher stocks a display case with packages of steaks at a Costco store on May 24, 2021 in Novato, California. Justin Sullivan | Getty Images Don’t tell Costco executives that inflation is low. The big-box club chain said it’s been seeing accelerating prices across a range of products, including shipping containers, aluminum foil and
In this article BA LMT GM An artist’s concept shows an outline of the lunar vehicle design. Lockheed Martin | General Motors Lockheed Martin and General Motors are partnering to develop a new type of lunar vehicle for NASA to use during its upcoming Artemis missions to the moon, the companies announced on Wednesday. “Surface
In this article PXD SPCX Noah Kerner, CEO of Acorns. Adam Jeffery | CNBC Savings and investing app Acorns plans to go public by merging with a blank-check company. The fintech start-up announced a deal Thursday to combine with Pioneer Merger Corp., a publicly traded special purpose acquisition company, or SPAC. The merger values Acorns
NASA astronaut Peggy Whitson working onboard the International Space Station in August 2017. Jack Fischer / NASA Axiom Space on Tuesday announced that retired NASA astronaut Peggy Whitson and auto racer John Shoffner will lead the company’s second private spaceflight to the International Space Station, tentatively scheduled for the second half of 2022. The pair
A trader works the floor of the New York Stock Exchange (NYSE) in New York. Yana Paskova | Bloomberg | Getty Images Payments company Square rose more than 5% in afternoon trading Monday after Bloomberg News reported the payments company could offer savings and checking accounts in the near future. The report said a code
A delivery person for Doordash rides his bike in the rain during the coronavirus disease (COVID-19) pandemic in the Manhattan borough of New York City, New York, U.S., November 13, 2020. Carlo Allegri | Reuters The U.S. economy is in the process of reopening, but going forward, the long-term picture is anything but clear. Investors
In this article ALKS Hiraman | E+ | Getty Images Company: Alkermes Plc (ALKS) Business: Alkermes is a biopharmaceutical company that researches, develops, and commercializes pharmaceutical products to address unmet medical needs of patients in various therapeutic areas in the United States, Ireland, and internationally. Its marketed products include ARISTADA (aripiprazole lauroxil), an extended-release intramuscular
In this article BTC.CM= DOGE.CM= ETH= Heidi Gutman | CNBC Veteran investor and IAC chairman Barry Diller said Friday that he didn’t trust cryptocurrencies and believes that the digital assets are “a con.” “I watch some of the people that you have on and they talk about it – $40,000, $12,000, whatever – I think
In this article FIGS^11-BR The Robinhood application on a smartphone. Bloomberg | Bloomberg | Getty Images Robinhood is giving amateur investors access to initial public offering shares in its latest move to democratize retail investing. IPO shares have historically been set aside for Wall Street’s institutional investors or high-net worth individuals. Retail traders typically don’t
In this article .NSEI BTC.CB= MMIT-GB Emerging markets investing guru Mark Mobius said he likes Indian stocks even though Covid-19 cases in the country have surged, as “this is going to pass.” India’s stock benchmark Nifty 50 has risen around 8.1% this year as of Tuesday’s close. The index has climbed despite the country reporting
Spencer Platt | Getty Images With fears of inflation on the rise, investors are searching for strategies to pinpoint compelling opportunities. One such strategy is to look for stocks that appear underappreciated by the Street and have plenty of room to run. The following names meet the requirements and have the support of analysts with
In this article DUK A view of Duke Energy’s Marshall Power Plant in Sherrills Ford, North Carolina, November 29, 2018. Chris Keane | Reuters Company: Duke Energy Corp. (DUK) Business: Duke operates as an energy company in the United States that is the product of a merger with Cinergy in 2006; a merger with Progress
The PayPal application can be seen on a mobile phone. Felix Kästle | picture alliance | Getty Images PayPal is making another acquisition in the e-commerce space as it moves beyond payments and into physical and online retail. The digital payments giant announced a deal to acquire start-up Happy Returns on Thursday for an undisclosed
In this article DPZ Bill Ackman, founder and CEO of Pershing Square Capital Management. Adam Jeffery | CNBC Billionaire hedge fund manager Bill Ackman said his Pershing Square built a 6% stake in Domino’s Pizza, swapping out its Starbucks bet. Ackman revealed his hedge fund sold Starbucks after the coffee chain’s swift rebound from the
Server Nioka Mantilla arranges items in the buffet at the DoubleTree by Hilton Hotel on Penn Street in Reading, Pennsylvania, Friday morning May 7, 2021. Ben Hasty | MediaNews Group | Reading Eagle via Getty Images The stunningly disappointing April jobs report shouldn’t be taken as an indictment against the fast-moving economic recovery but shouldn’t
SEC Chairman Gary Gensler told CNBC on Friday the agency is looking into how commission-free retail brokerage apps encourage more stock trading and then make money off m the execution of those trades. “There is a little bit of a conflict of interest,” Gensler said on “Squawk Box,” one day after testifying about this issue
A trader works at the Goldman Sachs stall on the floor of the New York Stock Exchange. Brendan McDermid | Reuters Goldman Sachs has formally kicked off the cryptocurrency trading era on Wall Street. The bank informed its markets personnel on Thursday that a newly created cryptocurrency trading desk had successfully traded two kinds of