Some of the hottest tech IPOs in recent years, including Square Inc SQ 2.06%, Alibaba Group Holding Ltd BABA 0.35%, Zynga Inc ZNGA 0.75% and Twitter Inc TWTR 1.13% ended up a major disappointment to early public investors. Even Facebook Inc FB 0.87%, which has been one of the hottest stocks in the market in…
HBO’s John Oliver spent this week’s episode of “Last Week Tonight” discussing the rise of subprime auto loans and making comparisons to the subprime mortgage bubble. According to Oliver, nearly 25 percent of all auto loans are now subprime.
The stock market is always hard to predict, but it seems like 2016 has been even more of a head-scratcher than usual. After one of the worst starts to any year in history in January and February, the SPDR S&P 500 ETF Trust SPY 0.19% now sits up an impressive 7.6 percent on the year.…
Ocean Rig UDW Inc. ORIG 2.12% shares plunged more than 61 percent in Friday’s session after the company reported it’s continuing to explore the possibility of bankruptcy. Deepwater drilling investors were hoping that crude oil’s surge from February’s low of near $26/bbl to above $51/bbl in June would be enough to keep deepwater stocks afloat.…
In a pair of new reports, analysts at Morgan Stanley and Credit Suisse take a close look at the unpredictable global oil market. WTI oil prices nearly doubled from their 2016 low of $26.05/bbl back in February to their 2016 high of $51.67 in June. However, since the June peak, prices slumped as low as…
Few investors and economists expect the Federal Reserve to raise interest rates in September, but it’s certainly not out of the realm of possibility.
On Thursday, brick-and-mortar retail suffered another heavy blow whenMacy’s Inc M 0.03% announced it’s closing another 100 stores. The Macy’s closures represent about 15 percent of the company’s total number of department stores.
Verizon Communications Inc. VZ 0.39% agreed last month to buyYahoo! Inc.’s YHOO 4.05% core Internet business, but Yahoo shares surged 3.3 percent on Thursday following Alibaba Group Holding LtdBABA 7.06%’s big Q2 earnings beat. The vast majority of Yahoo’s value comes from its 15 percent stake in Alibaba and its 35.5 percent stake in Yahoo…
Twitter Inc TWTR 1.21% can be an extremely useful and tradable tool for investors, but only if you follow the right people.
Delta Air Lines, Inc. DAL 0.95% shareholders woke up on Monday morning to the type of news that an airline investor never wants to hear. Delta was forced to cancel more than 1,000 flights on Monday and another 1,000 flights throughout the week after a massive system outage.