Robinhood shares up amid cryptocurrency wallets announcement

Robinhood shares up amid cryptocurrency wallets announcement

Robinhood shares jumped more than 6 percent Wednesday morning after the no-fee trading app announced that it will launch cryptocurrency wallets — allowing users to trade, send and receive digital currencies, as well as move them in and out of the app. The company said it will roll out the feature to select users next month … Read more

Biogen Stock Is Falling on a Report That Few Have Received Its Alzheimer’s Drug

Biogen Stock Is Falling on a Report That Few Have Received Its Alzheimer's Drug

Text size Biogen stock is down on a report that only around 100 patients have received its approved Alzheimer’s treatment Aduhelm as of Sept. 11. Dominick Reuter/AFP via Getty Images Investors’ deepest worries about Biogen ‘s controversial Alzheimer’s therapy seemed to be coming true early Wednesday. Health-care news site STAT revealed that only around 100 … Read more

Amazon department stores to get high-tech dressing rooms: report

Amazon department stores to get high-tech dressing rooms: report

Amazon’s plans to open department stores include the installation of high-tech dressing rooms, as well as an app that tells sales associates which items to pick for customers to try on. The stores, which are slated to open next year in San Francisco and Columbus, Ohio, are aimed at promoting Amazon’s private-label apparel brands, according … Read more

‘Dramatic’ increase in IRS capital-gains transactions as Biden administration considers raising tax rates on the wealthy

‘Dramatic’ increase in IRS capital-gains transactions as Biden administration considers raising tax rates on the wealthy

Even before Joe Biden stepped into the White House, some financial advisers and accountants were predicting their rich clients would act fast to take advantage of lower tax rates before a Democratic-majority Congress could raise them. As lawmakers mull higher rates for the wealthy, new numbers from the Internal Revenue Service released this week suggest … Read more

Boeing Stock: Is It A Buy As More 737 Max Orders Come In

Boeing Stock: Is It A Buy As More 737 Max Orders Come In

Despite turbulence over the last two years Boeing (BA) is seeing 737 Max orders grow. Is Boeing stock a good buy now? Investors should look at the aerospace giant’s fundamentals and the BA stock chart. X Alaska Airlines (ALK) ordered 12 more Boeing 737 Max jets on Aug. 16. That followed an order for 23 … Read more

Bitcoin down 12 percent this week as stock market wobbles

Bitcoin down 12 percent this week as stock market wobbles

Bitcoin’s rough week just keeps getting worse. The notoriously volatile cryptocurrency was changing hands around $42,100 Wednesday morning, down 2.8 percent over the previous 24 hours and a whopping 12 percent since Sunday.  That’s the lowest sustained bitcoin price since early August, according to Coinbase data. Bitcoin’s decline comes amid a broader stock market pullback … Read more

House includes cannabis banking measure in National Defense Authorization Act

House includes cannabis banking measure in National Defense Authorization Act

Alliance Global analyst Aaron Grey on Wednesday said a vote by lawmakers to include the SAFE Banking bill in the U.S. House of Representative’s National Defense Authorization Act is encouraging, but subsequent actions by the Senate remain key to its passage. As proposed, the law would protect depository institutions by prohibiting regulatory banks from terminating … Read more

EV company Workhorse shares slide 10% on news to suspend deliveries of C-1000 vehicles and recall 41 already delivered

EV company Workhorse shares slide 10% on news to suspend deliveries of C-1000 vehicles and recall 41 already delivered

Electric vehicle company Workhorse Group Inc.’s shares WKHS, -8.42% slid 10% in premarket trade Wednesday, after the Cincinnati-based company said it is suspending delivering of its C-1000 vehicles and recalling 41 it has already delivered. The company said its new management team has determined that the vehicles require enhancements to increase payload capacity and that … Read more

Dow Jones Futures Rally On Evergrande News Ahead Of Fed Decision

Dow Jones Futures Rally On Evergrande News Ahead Of Fed Decision

Dow Jones futures, along with S&P 500 futures and Nasdaq 100 futures, were higher early Wednesday on Evergrande news and ahead of the Fed policy decision. Apple and Tesla stock continued to bounce with modest gains. But Adobe and FedEx slid on earnings. X Among the Dow Jones leaders, Apple (AAPL) rallied 0.4% premarket Wednesday, … Read more

FedEx Stock Is Falling After Labor Costs Bite Into Earnings

FedEx Stock Is Falling After Labor Costs Bite Into Earnings

Text size FedEx earnings came in short of Wall Street estimates. Jeff Dean / AFP via Getty Images FedEx stock slid after the parcel shipping giant missed fiscal first-quarter earnings projections and cut guidance for fiscal year 2022. Shares of FedEx (ticker: FDX) fell 6.1% to $236.67 in premarket trading Wednesday. The company reported adjusted … Read more