Apoorva Mehta, cofounder and former CEO of Instacart. Lea Suzuki/The San Francisco Chronicle via Getty Images Online grocery-delivery company Instacart (CART) today (Sept. 19) made its long-awaited debut on Nasdaq. Shares, priced at $30 apiece, popped 40 percent at opening, valuing the company at $14 billion at today’s high. Instacart filed to go public in … Read more
SINGAPORE (Reuters) — Oil prices fell nearly $1 on Wednesday ahead of the U.S. Federal Reserve’s interest rate decision, with investors uncertain when peak rates will be hit and how much of an impact it will have on energy demand. Prices fell despite a bigger-than-expected draw in U.S. oil stockpiles and weak U.S. shale output … Read more
Woman walks past Fannie Mae in WashingtonThomson Reuters US home sales are headed for the largest slowdown since 2011, according to Fannie Mae. That’s due to headwinds like higher mortgage rates, amid a weakening US economy. The mortgage finance giant expects the US to slip into a recession in the first half of 2024. US … Read more
Text size A sign is posted outside of the PayPal headquarters in San Jose, California. Justin Sullivan/Getty Images It’s a time of upheaval for payment companies PayPal and Square—and an opportunity for patient investors. Both PayPal (ticker: PYPL) and Block -owned Square (SQ) will have new chief executives in the coming weeks. While PayPal’s shift … Read more
Investors’ favorite measure of volatility has been quiet over the past month. The CBOE Volatility Index, known by its ticker as simply the VIX (^VIX), has fallen for most of 2023 outside of a spike during the banking crisis in March, indicating expectations for volatility in the S&P 500 have been muted this year. Some on … Read more
The lack of homeowners selling their homes has contributed to a shortage of housing inventory.(Left) Kevin Dietsch/Getty Images, (Right) Getty Images High mortgage rates make it difficult for prospective homebuyers to enter the market. Mortgage rates could decline if the Federal Reserve cuts interest rates next year. Here are nine projections from experts on when … Read more
Oil prices may head toward $100 “for a short while” amid output cuts and geopolitical tensions, but they’ll likely retreat by year-end, says one Wall Street analyst. “The Saudi appetite to withhold oil from market, supported by Russia maintaining a certain level of export constraint, points to higher prices in the short term, all else … Read more
Oil prices have been surging lately, and many energy stocks are back in the spotlight. But volatility can act as a double-edged sword, presenting both lucrative opportunities for gains and significant risks of losses. This requires investors to tread with caution and employ well-thought-out strategies. Rather than actively trade the tumultuous waves of the market, … Read more
Text size Nikola stock is down 28% this year. Courtesy Nikola Nikola stock was rising double-digits Monday after the electric truck start-up announced a new addition to its leadership team. Nikola (ticker: NKLA) appointed Mary Chan as chief operating officer. Chan previously served as a managing partner at advisory firm VectoIQ, where she helped with the … Read more
Text size Target shares are hovering not far above their 52-week low. Scott Olson/Getty Images Target stock just can’t catch a break. Target shares (ticker: TGT) fell 3% to $119.34 on Monday. The shares, which are off more than 6% since the start of the month and more than 20% so far this year, are … Read more
