60 F
New York
Wednesday, April 8, 2020
Stocks ended a seven-day losing streak for the Dow Jones Industrial Average. The Dow soared on Monday after seeing its worst week since the financial crisis, pushing stocks into correction territory. Stocks posted their best gains in over a decade. The Dow closed at 1,293.96 points higher...
Stocks are selling off at record pace this week, but there seems to be one stock that’s a safe bet. Amid the coronavirus scare, Clorox ended positive for the week, while the remainder of the S&P 500 is 14 percent down. In fact, only 11 stocks in...
In what’s becoming one of the worst weeks on Wall Street, Microsoft shares were down by 11 percent today after a volatile week of trading. Though shares hovered above $158, things have been rocky for the software maker. Coronavirus fears are said to be the cause of...
This same time last year Stamps.com stock crashed more than 50 percent in a single day. It wasn’t the only time Stamps.com experienced volatility in its stocks. The same thing happened in May 2019, when shares fell over 60 percent. The news was quite different this past...
Gold topped $1,600 on Tuesday, the highest level seen since 2013. Investor worries about the coronavirus weighed in as the epidemic has placed pressure on the stock market and investors are seeking safe havens. Carsten Fritsch, a Commerzbank analyst, said: “Gold is finding buoyancy...
YieldStreet, a digital investment firm that previously catered to elite investors, and BlackRock, the world’s largest investment management firm, have partnered to expand their offerings. YieldStreet previously targeted its high-yield investments towards billionaires. But, with its joint ventures with BlackRock, the New York-based startup firm hopes to...
The $65 billion Bernie Madoff scandal in 2008 was the largest private Ponzi scheme in history. Unfortunately, just as investor trust reached a new comfort level, Ponzi schemes are at their highest level in nearly a decade. In 2019, 60 Ponzi schemes were uncovered and alleged to...
Tesla stock surged this week and set a record on SoFi as the platform saw 20 times more trades than usual for Elon Musk’s brainchild. Investors flocked to the stock-trading and EFT investing platform and Tesla saw its biggest one-day gain over the past six years when...
As concerns mount about the coronavirus, a dozen or so biotech companies have ramped up their efforts to fight the disease. And, investors are taking note. Vir Biotechnology stock soared 111 percent over the past month. Novavax also surged 91 percent. Investors are betting that biotech will...
Fidelity Investments announced this week in a press release that it has launched a partial stock and exchange-traded funds initiative. The move is one of the latest by financial institutions and brokerage firms to entice younger clients to their platform. Charles Schwab recently announced its own initiative...