Finance

Stocks in GameStop have been unstoppable since the addition of new board member, activist investor and Chewy co-founder Ryan Cohen. Cohen has a solid reputation, but the real reason for this strong rise is a textbook short press, say the experts. As the stock rose in euphoria fueled by retail investors, short sellers facing mounting losses and high borrowing costs …

In 2020, much of the analytics on Netflix, Inc. (NFLX) focused on how the streaming space was becoming increasingly competitive and whether Netflix first mover the benefits are diminishing. Then the pandemic locked many of us at home. We knew that the pandemic has helped Netflixbut we get a clearer picture of how much and the market likes what it …

CSX Company (CSX) trades lower on Friday after beating estimates for fourth-quarter 2020 revenue and net income, posting earnings of $1.04 per share on a 2.1% drop in revenue to 2.83 billions of dollars. Coal was hit hard in 2020, weighing on shipping volume already reduced by the COVID-19 pandemic. The Florida-based railroad operates 20,000 miles of route in 23 …

International Business Machines Corporation (IBM) is trading down more than 9% in Friday’s premarket after beating Q4 2020 earnings estimates while running out of revenue. The struggling tech icon earned $2.07 per share in the quarter, $0.19 better than expectations, while revenue fell 6.5% year over year. other to reach $20.37 billion, missing consensus estimates of $250 million. Total cloud …

Editor’s Note: Below is the Week 5 version of the City Economic Recovery Tracker (CERT), originally released on January 14, 2021. Visit the CERT homepage for the latest data. All five cities on the Investopedia City Economic Recovery Tracker (CERT) continued to see mixed economic recoveries in the week of Jan. 2. New York, Chicago and Columbus all saw gains …

Microsoft Corporation (MSFT) took less than 15 hours on January 22, 2021, from announcing a steep price hike for its Xbox Live Gold subscription plan to offering an apologetic retraction in the face of fierce and widespread criticism. Microsoft had planned to double the annual cost of Xbox Live Gold in certain markets, including the United States. In its initial …

When International Business Machines Corporation (IBM) released its fourth quarter of 2020 revenue report After the market closed yesterday, traders in the post-market session sold the stock price to $122.25 shortly after. This is a larger drop from what option the sellers waited before the announcement of the results. The downward move was much larger than IBM’s usual trading range …

Magnite, Inc. (MGNI) shares rose more than 6% after Craig-Hallum reiterated its buy rating and nearly doubled its target price $25.00 to $45.00, a 24% premium to Thursday’s closing price. Key points to remember Magnite shares rose sharply after Craig-Hallum reiterated its buy rating and raised its price target to $45 per share. Analyst Jason Kreyer believes that near-term opportunities …

A narrow but sweeping change to federal tax law embedded in the year-end omnibus spending and coronavirus relief bill applies new math to the interest rates used to set some life insurance policies . The updates, adopted as part of the Consolidated Appropriations Act, 2021 (HR 133) – could usher in a healthier selling environment for life insurers and a …

CSX Company (CSX) trades lower on Friday after beating estimates for fourth-quarter 2020 revenue and net income, posting earnings of $1.04 per share on a 2.1% drop in revenue to 2.83 billions of dollars. Coal was hit hard in 2020, weighing on shipping volume already reduced by the COVID-19 pandemic. The Florida-based railroad operates 20,000 miles of route in 23 …