A worker wearing a protective mask arranges shopping carts outside a Walmart store in Duarte, California, U.S., on Thursday, Nov. 12, 2020. David Swanson | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Walmart — Shares of the big box retailer dropped more than 5% after disappointing quarterly earnings. Walmart
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Bryn Mawr Trust’s Jeff Mills sees three plays that may not get you rich fast but should yield solid profits. First, he would target a group that has reaped big gains since late last year: small caps. “We still think it has some room, and I think a lot of it comes down to the
The chiefs of Robinhood, Reddit, Citadel and Melvin Capital, are headed to Washington for Thursday’s highly anticipated GameStop hearing at the U.S. Congress. Lawmakers will get their chance to grill the CEOs, as well as the Reddit trading star known as Roaring Kitty, about last month’s GameStop trading turmoil. Robinhood CEO Vlad Tenev, Melvin Capital
Reddit trading star known as “Roaring Kitty” defended his social media posts that helped spark a mania in GameStop shares last month in testimony released on Wednesday, saying he was an individual investor acting only on publicly-available information The trader, whose real name is Keith Gill, is set to testify to the U.S. House of
Investors’ appetite for stocks may withstand rising Treasury yields. According to Wall Street forecaster Jim Bianco, the obsession to take on risk will overpower inflation concerns for at least the next several months. “It is a mania. I know that word scares people, but it shouldn’t,” the Bianco Research president told CNBC’s “Trading Nation” on Tuesday.
U.S. stock index futures were little changed in overnight trading on Tuesday after the Dow closed at a record high. Futures contracts tied to the Dow Jones Industrial Average gained 11 points. S&P futures were unchanged, while Nasdaq 100 futures slid 0.13%. The move comes after the Dow closed at a record high during regular
St. Louis Federal Reserve President James Bullard told CNBC on Tuesday he believes that increasing interest in bitcoin does not pose a serious threat to the U.S. dollar as the world’s reserve currency. “I just think for Fed policy, it’s going to be a dollar economy as far as the eye can see — a
As a record amount of money flows into the market, Wilmington Trust’s Meghan Shue sees a troubling trend. Shue, who oversees almost $136 billion in assets, is concerned retail investors are rushing into stocks and cryptocurrencies that are high risk and offer few benefits — if any at all. “It’s a little bit of chasing
Pedestrians walk in snow past the Wall Street subway station near the New York Stock Exchange. Michael Nagle | Bloomberg | Getty Images Futures contracts tied to the major U.S. stock indexes rose at the start of extended trading Monday evening after finishing strong last week. Dow futures rose 180 points, suggested an implied open
Neil Woodford, Woodford Investment Management. Woodford Investment Management LONDON — Neil Woodford, the former U.K. star stockpicker whose investment firm collapsed in 2019, has said “sorry” to investors as he shared plans to make a comeback with a new business. Woodford said in an interview with The Telegraph, published Saturday, that he was “very sorry