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JP Morgan Initiates Coverage on Nikola, Sees Shares Slipping About 30%
JP Morgan Initiates Coverage on Nikola, Sees Shares Slipping About 30%

It's been a busy month for Nikola (NASDAQ: NKLA). After completing its merger with VectoIQ Acquisition earlier this month, the stock received a vote of confidence from Cowen. On the other hand

Invitae Surges on $1.4B Acquisition of ArcherDX
Invitae Surges on $1.4B Acquisition of ArcherDX

Shares of Invitae (NYSE: NVTA) rose as much as 48.4% today after the company announced the acquisition of ArcherDX. At a total transaction cost of $1.4 billion, it's easily the largest acquisition

Microsoft Buys CyberX to Further its IoT Ambitions
Microsoft Buys CyberX to Further its IoT Ambitions

Microsoft (NASDAQ: MSFT) is getting further into the Internet of Things (IoT), announcing the acquisition of IoT security company CyberX. 

In a blog post Monday, the tech stock said the acquisition

Dow Jones Rallies as Walmart Stock Is Upgraded, American Express Stock Downgraded
Dow Jones Rallies as Walmart Stock Is Upgraded, American Express Stock Downgraded

While the Dow Jones Industrial Average (DJINDICES: ^DJI) spent some of the morning in the red, the index was up about 0.55% by 12:50 p.m. EDT Monday. That rise was despite surging cases of the novel

Why Luckin Coffee Stock Just Dropped Another 16%
Why Luckin Coffee Stock Just Dropped Another 16%

Shares of beleaguered Chinese coffeehouse chain Luckin Coffee (NASDAQ: LK) had tumbled another 16.8% through 11:35 a.m. EDT on Monday.

Over the weekend, The Wall Street Journal reported that banks

Why AMC Entertainment Stock Was Sliding Today
Why AMC Entertainment Stock Was Sliding Today

Shares of AMC Entertainment (NYSE: AMC) were moving in reverse today as the stock slid following a brief spike last Friday after the company announced it would reopen theaters in July. 

Though there

Brookfield Properties Is Suing Gap Over Missed Rent Payments
Brookfield Properties Is Suing Gap Over Missed Rent Payments

For the second time in almost as many weeks, Gap (NYSE: GPS) is being sued by a mall operator for failing to pay its rent. 

Brookfield Property Partners (NASDAQ: BPY) is taking the clothing retailer

Disney Has Ended Free Trials for Disney+ and ESPN+
Disney Has Ended Free Trials for Disney+ and ESPN+

The Disney+ and ESPN+ video streaming services used to come with a free-trial period for new subscribers, but Disney (NYSE: DIS) ended that practice over the weekend. New subscribers are now on the

Why Shares of American Airlines Are Falling Today
Why Shares of American Airlines Are Falling Today

Shares of American Airlines Group (NASDAQ: AAL) traded down more than 6% as of 12:30 p.m. EDT Monday after the airline said it would raise $3.5 billion in new financing. It will get some of that new

Lingering COVID-19 Pandemic Now Causes Nintendo Switch Lite to Sell Out
Lingering COVID-19 Pandemic Now Causes Nintendo Switch Lite to Sell Out

First, the coronavirus pandemic caused Nintendo's (OTC: NTDOY) popular Switch mobile game console to sell out at retailers everywhere. Now, the lingering impact of stay-at-home orders is resulting

Here's Why Shares of Ideanomics Are Skyrocketing Today
Here's Why Shares of Ideanomics Are Skyrocketing Today

Shares of Ideanomics, Inc. (NASDAQ: IDEX) were rapidly rising today after the company announced that its subsidiary had received a new order of electric vehicles.

As of 12:21 p.m. EDT, Ideanomics

Taiwan Semiconductor Manufacturing Already Made up Lost Business From Huawei
Taiwan Semiconductor Manufacturing Already Made up Lost Business From Huawei

Taiwan Semiconductor Manufacturing (NYSE: TSM) has made up its lost business from Huawei after the U.S. government put restrictions on working with the Chinese smartphone maker. 

Kung Ming-hsin

The Most Important Social Security Chart You'll Ever See
The Most Important Social Security Chart You'll Ever See

Are you banking on Social Security to care for you in your senior years? Here's the cold, hard truth: While Social Security does promise retirement income, it very likely won't be enough to support

Why Virgin Galactic Stock's Moonshot Move Didn't Lift the Stock Market Today
Why Virgin Galactic Stock's Moonshot Move Didn't Lift the Stock Market Today

The stock market was mixed on Monday morning, opening generally lower but bouncing back from the worst of those losses after a few hours of trading. Nervousness about the rising numbers of COVID-19

Why Groupon's Stock Is Tumbling Today
Why Groupon's Stock Is Tumbling Today

Shares of Groupon (NASDAQ: GRPN) were falling 9% heading into midday trading Monday as fallout from the discount coupon site's first-quarter earnings report continued to impact the stock.

Although

Why Hertz Stock Tanked 23% Monday
Why Hertz Stock Tanked 23% Monday

Shares of Hertz (NYSE: HTZ), the well-known vehicle rental company in the middle of its bankruptcy process, dropped as much as 23% in morning trading Monday as investors come to the realization that

Report: China Suspends Chicken Imports From Tyson Over COVID-19 Concerns
Report: China Suspends Chicken Imports From Tyson Over COVID-19 Concerns

China's General Administration of Customs issued a suspension on the imports of some of Tyson Foods' (NYSE: TSN) chicken products, according to The Wall Street Journal. A Tyson spokesperson was

Is Discounting a Growth Opportunity for Dick's Sporting Goods?
Is Discounting a Growth Opportunity for Dick's Sporting Goods?

Dick's Sporting Goods (NYSE: DKS) is expected to be the last man standing in the sporting goods retail space because the investments it's made in its omnichannel capabilities allow it to be flexible

Apple to Remove Unauthorized Games From Its App Store in China
Apple to Remove Unauthorized Games From Its App Store in China

After years of looking the other way when it came to unauthorized games in its China-based App Store, Apple (NASDAQ: AAPL) will begin removing them next month. 

The iPhone maker will remove

Bed Bath & Beyond Boosts Liquidity With New $850M Credit Line
Bed Bath & Beyond Boosts Liquidity With New $850M Credit Line

Bed Bath & Beyond (NASDAQ: BBBY) was already in trouble before the coronavirus outbreak, but says the "unparalleled challenge of the COVID-19 pandemic" is threatening its operations. To ensure it

2 Vacation Stocks Poised for a Bull Run
2 Vacation Stocks Poised for a Bull Run

2020 has been a rough year. Many of us are yearning for a long, relaxing vacation as soon as possible. The good news is that, with the economy reopening from its first- and second-quarter lockdowns

Why Sea Limited Stock Is Running Higher Today
Why Sea Limited Stock Is Running Higher Today

Shares of Sea Limited (NYSE: SE) were rising 5% in morning trading Monday as the Asian digital entertainment company continues on the growth trajectory it's been following for over a year.

Although

Why Livent Corporation Stock Just Dropped 16%
Why Livent Corporation Stock Just Dropped 16%

Shares of Livent Corporation (NYSE: LTHM), a renewable energy play that produces lithium metal for use in rechargeable batteries such as are increasingly used in electric cars, is watching its stock

This ETF Could Help Grow Your Retirement Account
This ETF Could Help Grow Your Retirement Account

Over long periods, the vast majority of professional money managers tend to underperform a relevant market benchmark after including their costs. That makes investing to build your retirement

The iPhone 12 Could Have a Hidden Price Hike
The iPhone 12 Could Have a Hidden Price Hike

Apple (NASDAQ: AAPL) has been moving its iPhone pricing around the last few years. In 2017, it raised the price of the flagship model to $699. It raised the price another $50 in 2018 with the