Elon Musk buys 9.2% of Twitter, making him the largest shareholder

News of the purchase sent shares of Twitter (TWTR) soaring 22% in early trading. Musk did not disclose what he paid for the shares, but his stake was worth $2.9 billion as of the close of trading Friday, and $3.5 billion after the spike early Monday. Musk’s filing did not disclose the purpose of the … Read more

Premarket stocks: Why Starbucks stopped rewarding its stockholders

“While our growth this year will not be linear, we are confident our approach supports a profit positive company today and over the long-term, creating value for all stakeholders, our partners, our customers and our shareholders,” Chief Financial Officer Rachel Ruggeri said in a presentation to investors. But that plan was thrown out of the … Read more

Stocks week ahead: Is the US dollar in danger?

About 60% of the $12.8 trillion in global currency reserves are currently held in dollars, giving the US an exorbitant privilege over other countries. And that privilege pays: Because US government debt backed by the dollar is very attractive, interest rates are lower. The US gets to borrow from other countries in its own currency … Read more

Facebook Makes a Big Controversial Change

Facebook has made a lot of changes since the Covid-19 pandemic. The most important of these is undoubtedly the change in the name of the company. Since October, Facebook is now called Meta Platforms (FB) – Get Meta Platforms Inc. Class A Report. The decision is aimed at two things: trying to put behind the … Read more

Gold price kicks off Q2 with $30 losses, but $2k mark expected to be hit soon – analysts

(Kitco News) After a stellar first quarter, gold’s April trading started on a sour note as prices dropped $30 on the day amid rising yields. But analysts are keeping a close eye on the 2-year and the 10-year Treasury yields and what the inversion means for gold. The main event Friday was not the highly-anticipated … Read more

GameStop stock split: Shares could get more affordable for even stock lovers

The meme darling of the Reddit crowd wants to initiate a stock split, a move that will drastically reduce the cost of one share, the company said late Thursday in a Securities and Exchange Commission filing. To do so, GameStop will have to ask shareholders at its upcoming annual meeting for approval to increase the … Read more

AMD Turns Lower on Fundamental Downgrade: Key Price Levels to Watch

Advanced Micro Devices (AMD) was downgraded by a sell-side firm Thursday and the stock is trading lower on the day. In our last review of AMD back on Jan. 4 we were bullish and wrote that “Traders could go long AMD at current levels. Risk to $132 and consider adding to longs above $165. The … Read more

Apple reportedly wants to handle its own financial services, and partners’ stocks paid the price

Apple Inc. has increasing ambitions in financial technology as it explores ways to participate in the financial-services industry more directly, according to a Wednesday report. The company is developing payment-processing technology and tools that could support future ambitions, according to Bloomberg News. Eventually, Apple AAPL, -0.66% could come to depend less on the partners that … Read more

Gold price volatile as key section of US yield curve inverts, Russia promises to de-escalate

(Kitco News) Recession signals were front and center as a key section of the US yield curve inverted and the gold market retreated back to below the $1,920 an ounce level. Markets also digested Russia promising to reduce its attacks on Ukraine and Philadelphia Fed President Patrick Harker stating recession in the US can be … Read more

Robinhood extends trading hours from 7 am to 8 pm — 3 rookie mistakes when trading stocks after hours

At 7 am, it can be the time for a morning coffee while 8 pm can be time to have supper, watch your favorite television shows, or even enjoy a glass of wine. If you have a Robinhood account, it’s also becoming a time to play the stock market during extended trading hours — but … Read more