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Peloton stock closes at new all-time low after recall announcement
Shares of Peloton Interactive Inc. slid to a new all-time low Thursday, with a recall announcement the latest in a string of negative developments for the maker of connected exercise equipment. The stock PTON, -8.90% closed off 8.9% in afternoon trading to finish the session at $6.86, below its prior closing low of $6.93 level…
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SIN23 | Silver Jul 2023 Overview
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Dow suffers fourth straight fall as Disney sinks; regional bank woes back in spotlight
U.S. stocks closed mostly lower on Thursday, with the Dow Jones Industrial Average leading the way down as disappointing earnings from Disney weighed on the blue-chip gauge, while investors grappled with another selloff in shares of regional banks and the threat of a U.S. debt default. How are stocks trading The Dow Jones Industrial Average…
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Pepe coin had a meteoric rise, but has lost 70% of its value in a week. What’s behind the latest meme crypto’s swings?
Welcome back to Distributed Ledger. This is Frances Yue, crypto reporter at MarketWatch. Crypto investors have recently witnessed the meteoric rise of another meme coin. Three weeks after it was launched, Pepe coin, a token in reference to the internet meme Pepe the Frog, saw its market capitalization rise to as high as $1.6 billion…
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‘Death cross’ in 10-year yield highlights the end of the longest bullish stretch in at least 30 years
A bearish “death cross” has appeared in the daily chart of the 10-year Treasury yield, to reflect the end of the longest bullish stretch by one technical metric in more than 30 years. And there’s reason to believe the yield will fall even further this year before the secular uptrend reasserts itself. The 10-year yield…
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This $2.1 million electric car leaves Tesla, Lucid and Rivian in the dust — at least on the road
Two years ago, I wrote about Rimac Nevera, currently the world’s second-fastest electric vehicle. At that time, Rimac Automobili’s all-electric, $2.1 million hypercar had just set a new standard for EV performance, achieving a top speed of 258 mph and a 0-to-62mph time of just 1.85 seconds. With its 120kWh, 6960-cell battery producing 1914 hp…
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QQQ | Invesco QQQ Trust Series I Overview
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Leading the charge ?: EV and AI stocks plus surprising earnings
*Together with Specializing in tissue-specific therapeutics Nasdaq: IMMX Here are our top 3 investing ideas today. These setups look primed! Be the best prepared trader on the Street! POLA – up over 75% in pre-market after announcing its taking pre-orders for new line of mobile EV chargers JAGX – 2nd day play, up over…
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Disney stock falls as Disney+ subscribers decline amid push to lose less money in streaming
Walt Disney Co. shares declined in after-hours trading Wednesday following an earnings report that showed Disney+ subscribers declining in recent months, as executives seek to cut losses in the streaming business. Disney DIS reported fiscal second-quarter net earnings of $1.27 billion, or 69 cents a share. After adjusting for restructuring costs and other effects, Disney…
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Why wheat prices hit their lowest in over a year as key Russia-Ukraine grain-deal deadline nears
Wheat futures have declined so far in 2023, after settling last week at their lowest prices in more than a year, pressured by “abundant” supplies, despite the usual uncertainty surrounding the potential renewal of the Black Sea grain export deal between Russia and Ukraine. The Black Sea Grain Initiative, brokered by the United Nations and…