A strategist who anticipated the 2023 rally says he expects stocks to go nowhere for the rest of the year, while potentially struggling in 2024 as well, as corporate earnings growth fails to live up to Wall Street’s overly optimistic expectations. Barry Bannister, an equity strategist at Stifel, said in …
Devamını oku »Plug Power posts swelling losses, and its stock is losing juice
Shares of Plug Power Inc. were falling in Wednesday’s extended session after the alternative-energy company saw its losses for the second quarter swell more than Wall Street was anticipating. The company notched a net loss of $236.4 million, or 40 cents a share, compared with a loss of $173.3 million, …
Devamını oku »Trading in risky ‘0DTE’ stock options hits record and could spark a stock-market selloff, strategists say
Trading in stock options with extremely limited lifespans is surging to record highs just as the 2023 U.S. stock-market rally is showing signs of stalling. While in the past this this trade has been associated with subdued volatility in markets, some option-market experts fear the resurgence could set the stage …
Devamını oku »5 things I learned while traveling with my wife and adult children
If you’re healthy, one of the best parts of unretirement (working part time with free time for other things) is the chance to travel when you want, where you want. Even better is the ability to travel with your spouse and adult children, as I just did in the Yellowstone and …
Devamını oku »I asked ChatGPT if it plagiarizes and engages in copyright infringement
Using ChatGPT without citation could be seen as unethical or even regarded as plagiarism. It’s a debate that has been raging in academic, legal, journalistic and other professional circles. But there are other, perhaps more timely and important, questions: Question No. 1: Does ChatGPT itself plagiarize other people’s work? Question …
Devamını oku »Penn Entertainment shares surge on ESPN deal and other stocks on the move
Here are some of the biggest movers of the day: Stock gainers: Marqeta Inc.‘s stock MQ, -1.00% was surging 19% after the company, which makes card-issuing technology, addressed a major investor overhang as it announced a deal renewal with Block Inc.‘s SQ, -2.55% Cash App. Take-Two Interactive Inc. shares TTWO, …
Devamını oku »Marqeta scores long-awaited Cash App renewal, and its stock is surging
Marqeta Inc. addressed a key investor concern Tuesday as it announced a four-year renewal of its contract with Block Inc. alongside its latest earnings. The company has extended its deal with Block SQ, -2.55% to power the Cash App debit card through June 2027, Marqeta MQ, -1.00% said in a …
Devamını oku »Opinion: A ride-share price war is brewing, and it could mean bad news for Lyft
Lyft Inc. and Uber Technologies Inc. may be in the early stages of a price war, and investors in money-losing Lyft especially need to be prepared. Whereas Uber UBER, +0.47% just posted a quarterly GAAP profit and has enjoyed a soaring stock price this year, Lyft LYFT, +5.38% still has …
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