The strong rally in stocks this year has sparked big losses for short sellers, according to S3 Partners.The research firm said short selling has been on the rise amid the rally as hedge funds increase their leverage.These are the three stocks that sparked $30 billion in losses for short sellers, according to S3. Loading Something… Continue reading A monster rally in just 3 stocks has caused short sellers to lose $30 billion so far this year
Rivian extends 2-day gain to 19% as Wedbush says the company’s turnaround in EV production is taking hold
Rivian stock extended its two-day gain to 19% on Friday after Wedbush increased its price target.Wedbush said Rivian is seeing a turnaround in its EV production and should reach its 50,000 delivery target this year.Wedbush expects the company to trade to $30 a share, which represents potential upside of 25%. Loading Something is loading. Thanks… Continue reading Rivian extends 2-day gain to 19% as Wedbush says the company’s turnaround in EV production is taking hold
Threads is the talk of the town as Zuck takes on Musk – but 2 things need to happen for Meta stock to see a boost
Meta launched Threads on Wednesday, drawing 30 million users in hours. The Twitter rival could give Meta stock a boost depending on how the user base grows and how advertisers respond. If Threads can draw advertisers, Meta investors would have reason to cheer. Loading Something is loading. Thanks for signing up! Access your favorite topics… Continue reading Threads is the talk of the town as Zuck takes on Musk – but 2 things need to happen for Meta stock to see a boost
There are 3 things that are about to go wrong for markets and the economy
Three things are about to go awry for markets and the economy, Bank of America said. The bank’s economists pointed to a credit crunch and other looming headwinds. The US economy is set to tip into a mild recession by the first half of 2024, BofA said. Loading Something is loading. Thanks for signing up!… Continue reading There are 3 things that are about to go wrong for markets and the economy
SVB, BBBY, Lordstown lead list of US bankruptcies as companies fold up at the fastest pace since 2010
First-half US corporate bankruptcies surged to the highest level since 2010, data from S&P Global Market Intelligence shows. Almost 3,000 firms folded up in the last six months, a 68% jump from a year earlier, according to Epiq Bankruptcy. American businesses have come under increased stress after the Federal Reserve raised interest rates aggressively. Loading… Continue reading SVB, BBBY, Lordstown lead list of US bankruptcies as companies fold up at the fastest pace since 2010
Simple tax reforms for retirees that the government could consider
Plenty of ideas on how to encourage and prolong Canadians’ retirement savings Published Jul 06, 2023 • 5 minute read A RRIF is the most common successor of a registered retirement savings plan (RRSP), the other being the purchase of a registered annuity. Photo by Getty Images Canada’s population continues to age, and the number… Continue reading Simple tax reforms for retirees that the government could consider
All About RSUs: How They Work and What You Should Know
In the corporate world, it’s become increasingly common for companies to incentivize employee loyalty by rewarding them with stock. One of the most common forms of equity compensation comes in the form of restricted stock units, otherwise known as RSUs. Because of their increasing popularity, it’s important to understand what they are, how they work… Continue reading All About RSUs: How They Work and What You Should Know
Stock Market Today: Stocks Close Lower After Fed Minutes, Meta Pops
It was a sleepy start for stocks following the Fourth of July holiday, with the major indexes bouncing between positive and negative territory throughout Wednesday’s session. The choppy price action came as market participants looked ahead to the mid-afternoon release of the minutes from the June Fed meeting (when it chose to pause hiking interest… Continue reading Stock Market Today: Stocks Close Lower After Fed Minutes, Meta Pops
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