Elon Musk, the CEO of Tesla, disclosed an additional $3.6 billion in stock sales on Wednesday, bringing his year-to-date total to close to $40 billion and angering investors as the company’s shares slump to two-year lows. According to a securities filing, he sold 22 million
On Wednesday, Tesla stock continued to fall and reached its lowest level in more than two years as investors, including a “fanboy” of CEO Elon Musk, criticized him for being preoccupied after taking control of Twitter. One of the worst performing stocks among major automakers
2021 included 1,057 IPOs, more than double the amount seen during any other year in history. This unprecedented frequency of companies going public showcases the vibrancy of the market and excites investors. An initial public offering (IPO) gives investors an opportunity to be a part
Last month, it was discovered that consumers were spending a lot of money on retail. Investors, however, were not impressed as stocks ended in the red. The Government also reported a solid rebound in sales related to retail back in June. Even with the rebound,
The results are in! A whopping $70 million fine to the trading app, Robinhood. This moment is history considering it is the largest financial penalty ever ordered by FINRA. Robinhood continues to turn off its trading during huge market swings like the meme stock rally
AMC Entertainment was hit hard last year during the COVID-19 pandemic. They reported a whopping $4.59 billion loss in the 2020 fiscal year. This led AMC to nearly close its doors forever on movie-goers around the world. Hope for the beloved movie theater chain was
The start of April is always funny. Many jokes are passed around on social media and this year, big businesses like Starbucks decided to take part in the pranks. On the first day of April, Starbucks released that they were going to be serving boba,
In January 2021, the world watched as Reddit traders faced off with Wall Street elites in a trading mania over GameStop shares. Matei Psatta, one of the traders of subreddit WallStreetBets, joins us this week to comment on what this means and why the financial
The stock market broke when a community on Reddit single-handedly rose the stocks of GameStop, only to make money and sell when the time was right. People all over are questioning if this is something that can happen again. And if it is…when and how
Last week, the only thing that was on the news was GameStop, AMC, and Bed, Bath, and Beyond. It was like a wormhole of stock numbers and things that, until recently, I had no clue about. But I’m going to try to break it down
Ever heard of a SPAC? That’s the new trend floating around Wall Street. It stands for special purpose acquisition company and everyone from former Speaker of the House Paul Ryan to Shaq to the youngest self-made billionaire, Austin Russell, is getting involved with these. So
So you want to roll the dice in the stock market? Don’t get it twisted, investing in stocks is a complete gamble. And just like on a casino floor—there is no such thing as a sure thing. But there are ways to push the odds
With a rapidly growing population and limited ability for supply to meet the people of China’s demand for consumer goods, it was the perfect time for a company like Alibaba Group to step in and bridge that gap. So how does a company founded by
Since the pandemic started, the United States has tried its hardest to get to a good economic place again. The pandemic caused an insane decrease in the economy, leaving many people jobless, moneyless, and in fear that it’ll only get worse. But here we are,
On November 9, 2020 Pfizer announced that it had produced a vaccine that is 90% effective against the coronavirus. Just yesterday, it was discovered that Pfizer CEO Albert Bourla sold $5.6 million in stock the day after their announcement. That is equal to 60% of
Traditionally, stock market investing has had the reputation of being riddled with fees and a climate where brokers and dealers prioritize their own personal gain. This, along with lofty minimum investment amounts and other barriers, has scared off the average American looking for an alternative
Talk about an odd time for us to be living in. Crazy to think the best comparison to our current situation is over 102 years ago, in 1918, when the world was fighting the Spanish flu. No one has a clue when the pandemic will
When was the last time you drove cross-country in a Winnebago? According to David D. Brown from Business Wars Daily, RV dealers say business is booming like never before. Considering that the entire country was quarantined due to the COVID-19 pandemic, it only makes sense
