Author: starbpo

The price of a share of Trump Media & Technology Group Corp. fell below $20 for the first time since the company joined with a special-purpose acquisition company earlier this year. The stock fell 5% on Wednesday. The stock DJT -4.24% hit a high point of just over $29 a share on August 2, but it has been going down ever since. People bought and sold shares for as much as $66 in March, when Trump Media, the company that owns former President Donald Trump’s online media brand Truth Social, joined with Digital World Acquisition Corp. to go public. The…

According to the research firm Jefferies, Boeing Co. has lost more than $1 billion that it expects to lose because of problems with its Starliner spaceship. NASA announced on Saturday that astronauts Butch Wilmore and Suni Williams will return to Earth on a SpaceX ship next February. This comes after problems with the Starliner spacecraft that took them to the International Space Station. Nasa said the Starliner ship will return without any people on board. The flight test was the first trip with people on board the Starliner. It was a big step forward for both NASA and Boeing BA…

Morgan Stanley’s wealth management business says that the Dow Jones Industrial Average hit a new record high on Monday. This was after positive economic events were seen as “good news” for the stock market again. The bank Morgan Stanley Wealth Management said in a note Monday that “good is good again.” “Stock markets have found their balance again and are heading back up to all-time highs.” For the U.S. stock market to become stable, the note said that “a reversal in the negative correlation between market moves and economic news was critical.” The note says that stocks have recovered from…

Some Wall Street analysts suggest that Target Corp.’s strong quarterly results indicate shoppers are favoring mass retailers for discretionary spending, such as clothing and home decor. This shift raises concerns for companies like Nordstrom, Gap, and Abercrombie, which will reveal their earnings results this week. Additionally, CrowdStrike Holdings will report following last month’s significant software meltdown, and Nvidia Corp. will release its earnings amid growing questions about the ongoing AI boom. Wedbush analysts, led by Daniel Ives, emphasized the importance of Nvidia’s results, calling them the “most important tech earnings in years.” The results could define a crucial week for…

The U.S. stock market crash in early August and the Federal Reserve’s economic conference in Jackson Hole, Wyo., last week took the attention away from Nvidia Corp.’s results that are coming up. BofA Global Research says that investors who are used to the company’s huge successes may not fully understand the risk of a letdown and how it would affect the market as a whole. According to a note released on Sunday by Gonzalo Asis and his team at BofA Global, “don’t sleep on Nvidia’s earnings. They are a consistent driver of the S&P 500 returns and still a risk…

There is almost as much wealth in the U.S. stock market today as there was on January 3, 2022, when it was at its highest point. When the market comes back from a correction (or worse) and hits a new all-time high, it’s important to compare the present value to what it was at previous market peaks. Investors can hope that the pullback, also known as a bear market, will have gotten rid of some of the market’s overreactions and set the stage for a big new leg of the bull market. Look at the chart below to see that…

MacKenzie Scott, the former spouse of Amazon.com’s billionaire CEO Jeff Bezos, divested 65.3 million shares in the e-commerce giant last year. This move accounts for approximately 25% of Scott’s Amazon stake, valued at $10.4 billion based on Amazon’s closing price on Friday, as reported in a regulatory filing. In 2019, Scott acquired a 4% stake in Amazon as part of her divorce settlement, initially valued at $36 billion, elevating her to one of the world’s wealthiest women.  Despite not immediately confirming the filing, Scott, who pledged to donate half of her fortune to charity in 2019, has already contributed millions…

Cathie Wood’s ARK Innovation ETF is grappling with a significant setback of $473 million, primarily driven by the struggles of two major holdings—Tesla and Coinbase. While Tesla’s shares plunged over 12% after reporting a quarterly adjusted loss per share of 71 cents, missing estimates by 4%, Coinbase’s nearly 31% drop this year alone resulted in a loss of $282.9 million for the ARK Innovation ETF. This challenging performance has taken a toll on ARK Innovation, posting a negative 11.6% total return this year, positioning it as the fourth worst-performing actively traded U.S. diversified ETF. Tesla, representing a 7.8% position in…

For months, the Middle East has gotten a lot of attention in the oil market. But on Monday, news came out that Libya’s eastern government had stopped exporting crude oil and making oil from the country’s oil fields, which turned attention to North Africa. He told BourseWatch, “Against a background of geopolitical risk, Libya is costing us real barrels—barrels of light-sweet crude that, at this time, cannot be easily replaced.” Flynn is a senior market analyst at the Price Futures Group. ‘Libya is costing us real barrels — barrels of light-sweet crude that, at this time, cannot be easily replaced.’Phil…

The reply says, “Hi, my name is Brianna and I work as a recruiter.” “We need a group of part-time helpers.” This is the beginning of a text message that a MarketWatch reporter got last week. The “recruiter” then talks about what sounds like a pretty great job: you can work from home, set your own hours, and get paid anywhere from $200 to $1,000 per day. The hiring company Robert Half RHI 0.99% that “Brianna” says she works for is a real one with offices all over the country. The job she’s talking about doesn’t exist, though. Almost certainly,…