Bank stocks are trading like it’s the pandemic. And after.

Bank stocks are trading like it’s the pandemic.  And after.

Text size JPMorgan Chase is one of the top holdings in the SPDR S&P Bank ETF. Gabby Jones/Bloomberg Bank stocks have fallen to levels not seen since the pandemic, a chilling signal. What happens next will be telling. The SPDR S&P Bank listed index fund (ticker: KBE ), who counts New York Community Bank (NYCB), … Read more

Tesla Model 3 could lose electric vehicle tax credit, report says. The stock is still rising.

Tesla Model 3 could lose electric vehicle tax credit, report says.  The stock is still rising.

Text size A rear-drive Tesla Model 3 costs around $43,000 to start. Allison Dinner/Getty Images Automakers loved it when the US government rolled out its $7,500 tax credit for people who buy electric vehicles. Now the sector may not be so sure how it feels. Thursday, EV press briefing Electrekciting people familiar with the matter, … Read more

Rivian Stock is trading terribly. Wall Street thinks it’s time for an activist.

Text size Wall Street is not happy with the recent performance of Rivian or Rivian stocks. Justin Sullivan/Getty Images Rivian Automotive the stock trades much worse than most of its peers. Sales and products are not the problem. It is spending. The company needs a plan to control cash and improve investor sentiment. Wall Street … Read more

GameStop Stock Soars on Surprise Profit. The short compression begins.

GameStop shares soared late in trading on Tuesday after the video game retailer reported a strong quarter. Jim Watson/AFP via Getty Images Text size GameStop announced a surprise fiscal fourth-quarter profit, sending the stock soaring late in trading on Tuesday. The company reported earnings of 16 cents per share, compared with a loss of 49 … Read more

Nike exceeds profit and revenue expectations. The stock jumps.

Text size Nike stock rose 3.3% in after-hours trading on Tuesday. Scott Olson/Getty Images Nike beat third-quarter earnings expectations, sending the stock higher in after-hours trading. Nike (ticker: NKE) posted earnings of 79 cents per share, beating estimates of 56 cents per share, according to FactSet. Sales of $12.4 billion were up 14% from the … Read more

The First Republic may not need American help. It will not protect shareholders.

Text size First Republic shares closed down 47% in Monday trading. The stock is now down more than 90% so far in March. Eric Thayer/Bloomberg Shares of Bank of the First Republic are still in freefall even after the banking industry provided the lender with billions of dollars in cash. That money could be enough … Read more

Fed to suspend or raise rates by 25 basis points: the pros and cons of each

The Federal Reserve will meet on Wednesday and, for once, the outcome is unclear. This is the most uncertain Fed meeting since 2008, said Jim Bianco, president of Bianco Research. Fed officials, starting with former Chairman Ben Bernanke, have perfected the art of having the market price in what the central bank will do – … Read more

Tesla Gets Investment Grade Upgrade From Moody’s

Arrives within a week You’re here was a rotten credit rating at Moody’s, even though Tesla’s financial performance was much better by Moody’s own calculations. That changed Monday night after Moody’s upgraded its rating on the electric vehicle maker. Still, investors might wonder why the rating isn’t even higher. Elon Musk seems to be the … Read more

Here’s What Happens to the IRS After You File Your Taxes

Jonathan Amy, a 74-year-old semi-retired neurologist in McLean, Va., is still awaiting a refund of nearly $10,000 on his 2020 taxes. His accountant electronically filed his extension statement in September 2021 and received a notification of acceptance from the Internal Revenue Service. Finally, last month, Mr. Amy contacted the Taxpayer Advocate Service, an independent watchdog … Read more

Billionaire investor Leon Cooperman sees a market of stock pickers. Here is what he buys.

““We have a self-induced crisis of irresponsible fiscal monetary policy over the past decade.”” —Leon Cooperman, President of the Omega Family Office This was billionaire hedge fund manager Leon Cooperman commenting on the current banking crisis which has seen the closure of SVB Financial Groups SIVB, Silicon Valley Bank and crypto-friendly lenders Signature Bank and … Read more