Investing
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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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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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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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‘I feel used’: My partner stays with me 5 nights a week, even though he owns his own home. Should he pay for utilities and food?
I’m disabled, 52, and have one minor son. My boyfriend has his own house, and also has a minor child still living at home, as well as another son, 24, who is living at home and is employed as his younger son’s babysitter. He stays at my place, probably five out of seven nights, but…
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Upstart stock soars 40% after upbeat earnings outlook, funding progress
Shares of Upstart Holdings Inc. rocketed 40% higher in after-hours trading Tuesday after the beleaguered financial-services company delivered an upbeat outlook for the current period even as its revenue for the latest quarter came in at a third of what it was a year before. Upstart UPST, which uses artificial intelligence to inform lending decisions,…
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Cutera stock slides after earnings; company appoints interim CFO, reaches board deal with big investors
Shares of Cutera Inc. fell hard after hours on Tuesday after the maker of skincare and body-sculpting devices — currently engulfed in drama over a leadership changeover — reported weaker quarterly results than expected and announced a new interim chief financial officer as well as plans to appoint new board directors. The company lost $1.26…
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Treasury yields rise after Fed survey shows banks reported tighter lending standards; inflation data looms
The 2-year Treasury yield rose Monday, extending the gain seen at the end of last week after a stronger-than-expected April jobs report, while investors assessed the latest Fed Senior Loan Officer Opinion Survey for signs that financial institutions have tightened lending standards after the collapse of three U.S. regional banks. What happened Market drivers Yields…
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Potential home buyers are more optimistic for one big reason and how the used-car market could get worse for buyers
Hi, MarketWatchers. Don’t miss these top stories. ‘Uber’s model pushes drivers like me to accept risks’: Uber shareholders reject two driver-safety proposals Uber investors on Monday rejected two proposals related to worker safety and health, the company said after a preliminary tally of votes. Read More Escaping abroad: Tips for buying a second home in…
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Stocks end mixed ahead of inflation data
U.S. stocks posted a mixed finish Monday, struggling for direction as investors weighed a Federal Reserve survey of loan officers for signs of a credit crunch, awaited inflation data due this week and tracked choppy trading in shares of regional banks. A small rise for the Nasdaq Composite, however, was enough to see the index…
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What does weak stock-market breadth mean for your portfolio? Here’s what one Wall Street analyst found.
It’s an age-old Wall Street adage attributed to legendary market technician Bob Farrell: “Markets are strongest when they are broad and weakest when they narrow to a handful of blue-chip names.” That quote has been bandied about quite a bit recently, having been cited in research notes published by Rosenberg Research founder (and Merrill Lynch…