CEO of Robinhood rival shines fresh light on what retail investors are doing. Wall Street needs to pay attention.

From the start of the COVID-19 pandemic two years ago, a newish crowd of retail investors emerged, pouring extra cash into equity markets and steering Wall Street into places they never dreamed of, such as meme stocks. Our call of the dayfrom the founder and chief executive officer of competitive stock trading app Zingeroo, says … Read more

Elon Musk’s Tesla Has Very Bad News

This is undoubtedly news that will relieve Tesla’s (TSLA) – Get Tesla Inc Report rivals because it thwarts the electric vehicle manufacturer’s plans to increase its market share. Its chief executive officer Elon Musk seemed to have aligned the pawns well to keep Tesla’s rivals in the very lucrative market of electric vehicles at bay. … Read more

UAW leader says he hasn’t talked to Elon Musk about union vote at Tesla

The leader of the United Auto Workers union said he hasn’t talked with Tesla Inc.’s Elon Musk after the chief executive’s invitation to hold a union vote, but was open to such talks if the company addressed past issues. “I’ve actually not talked to Mr. Musk or any representative of Tesla,” UAW President Ray Curry … Read more

GameStop stock shows rare resiliency as it rises to longest win streak in more than 4 years

Shares of GameStop Corp. continued to charge higher Friday, to extend the win streak that started nine trading days ago, after they closed at a one-year low. The videogame and consumer electronics retailer’s stock GME, +6.71% charged up as much as 11.1% intraday before paring gains to close up 6.7% at $151.95. It has rocketed … Read more

Weekend reads: the slowing housing market and inverted yield curve signal a coming recession

It is human nature to fear missing out as prices skyrocket, But all bubbles burst eventually. Ian Shepherdson of Pantheon Macroeconomics predicts a 25% decline in US home sales. What will that do to prices? Weigh in with your thoughts. A classic signal for a recession On March 24, the yield on five-year US Treasury … Read more

Yale professor monitoring companies still doing business in Russia ups the ante by highlighting those that are now ‘digging in’

The Yale professor who is monitoring companies that are still doing business in Russia following its unprovoked invasion of neighboring Ukraine has upped the ante by reclassifying the list into five categories with the fifth titled “digging in” — or defying public demands for exit. Some 39 companies, including Koch Industries Inc., packaging company Ball … Read more

This fund bailed on techs at the end of the year. Here’s the sector it’s fading now.

What better time to invest in financials than at a time with rampant inflation and a Federal Reserve promising 11 rate hikes over the next two years? That’s not the view at Deuterium Capital, which is expecting a sharp slowdown in the economy. The Deuterium Global Dynamic Allocation Fund is mostly driven by a macroeconomic … Read more

US jobless claims plunge to lowest level since 1969

The numbers: Initial jobless benefit claims fell by 28,000 to 187,000 in the week ended March 19, the US Labor Department said Thursday. That’s the lowest level since September 1969. Economists polled by the Wall Street Journal had expected claims to total 210,000. Key details: The number of people already collecting jobless benefits fell by … Read more

It’s the beginning of the end of globalization, say BlackRock’s Larry Fink and Oaktree’s Howard Marks

“The magnitude of Russia’s actions will play out for decades to come and mark a turning point in the world order of geopolitics, macroeconomic trends, and capital markets.” That was Larry Fink, CEO of BlackRock BLK, in his annual letter to shareholders that published Thursday. And in our call of the dayhe closed the door … Read more

A ‘Marshall plan’ for energy? Here’s what it would look like as new cold war dawns

One of America’s top bankers told President Biden the US needs a “Marshall Plan” for energy production in light of surging oil prices. Higher energy costs threaten to worsen to already high inflation and could even trigger a recession. The Marshall Plan was a multi-pronged US strategy after World War Two to rebuild Europe, help … Read more