A Word of Warning on the Reddit-Fueled Pumps

A Word of Warning on the Reddit-Fueled Pumps

It looks like Reddit’s r/WallStreetBets is at it again. GameStop (GME) is up about 80% in pre-market to $165. AMC Entertainment (AMC) is up about 20% to $10.90. Koss Corporation (KOSS) is up 88%, or $16.39 a share. While it’s exciting to watch these stocks take off,...

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Don’t Count Workhorse Group Out Just Yet

Don’t Count Workhorse Group Out Just Yet

The U.S. Postal Service just awarded Oshkosh (OSK) $482 million to help modernize its fleet of delivery vehicles. While OSK is up about $15 on the news, Workhorse Group (WKHS) was torn in half, falling nearly $15 a share. According to USPS, “Under the contract’s...

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The Top 5 Rules to Follow Every Time Markets Drop

The Top 5 Rules to Follow Every Time Markets Drop

Panic has returned to the market. After hitting all-time highs, the Dow slipped 183 points so far today. The NASDAQ is down about 300, as the S&P sinks about 36 points. Cryptocurrencies are pulling back on Janet Yellen comments. Traders and investors are in panic...

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The Top Two Reasons Cryptocurrencies are Pulling Back

The Top Two Reasons Cryptocurrencies are Pulling Back

Cryptocurrencies hit new highs as institutions and retail investors piled in. Analysts including Anthony Pompliano, co-founder and partner at Morgan Creek Digital Assets, as noted by CNBC, says Bitcoin could rally to $5,000 by the end of the decade. From there, it...

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Stock gains power Buffett’s Berkshire Hathaway to higher profit

Stock gains power Buffett’s Berkshire Hathaway to higher profit

(Reuters) - Warren Buffett's Berkshire Hathaway Inc on Saturday said quarterly operating income rose 14%, aided by improved results from its insurance businesses, while soaring prices of stock holdings such as Apple Inc led to a nearly $36 billion overall profit....

AMC Entertainment approves millions in bonuses to top executives

AMC Entertainment approves millions in bonuses to top executives

(Reuters) - AMC Entertainment Holdings has approved millions in bonuses to its top executives and eligible employees as a means to preserve stockholder value during the COVID-19 pandemic, the theater operator said. In a regulatory filing on Friday, the company said...

SoftBank reaches settlement with former WeWork CEO Neumann

SoftBank reaches settlement with former WeWork CEO Neumann

(Reuters) - SoftBank Group Corp said on Friday it has reached a settlement with WeWork's special committee and the company's co-founder and former chief executive, Adam Neumann, putting to rest a legal battle dating back to 2019. SoftBank, the new owner of the...

JPMorgan CEO of Chase consumer banking leaving to head TIAA

JPMorgan CEO of Chase consumer banking leaving to head TIAA

(This Feb 25 story refiles to correct typographical error in paragraph 3) NEW YORK (Reuters) - JPMorgan Chase & Co's Chief Executive Officer of the Chase Consumer Banking division Thasunda Brown Duckett is leaving America's largest bank to become the head of the...

Nasdaq finishes higher, tech stocks retrace some losses

Nasdaq finishes higher, tech stocks retrace some losses

By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) - The tech-heavy Nasdaq index rallied in choppy trading on Friday, even as sentiment remained fragile after the index's worst performance in four months the day before as fears of rising inflation kept U.S. bond yields...

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