(Bloomberg) — Continental Resources Inc. plunged as much as 44% after founder and majority owner Harold Hamm distributed shares to family members, slashing his stake in the shale driller by more than two-thirds. Hamm, the Oklahoma wildcatter who helped usher in the shale-oil breakthroughs that made him a billionaire, held more than 81% of Continental’s […]
Read MoreHerc Holdings Inc., through its subsidiaries, operates as an equipment rental supplier primarily in the United States and internationally. It rents aerial, earthmoving, material handling, trucks and trailers, air compressors, compaction, and lighting equipment. The company also provides ProSolutions, an industry specific solution based services, such as power generation, climate control, remediation and restoration HRI […]
Read More(Bloomberg) — More risks may be building for U.S. equities than meets the eye, Bank of America Corp. analysts said. This year’s extreme intraday market swings and fluctuations in single stocks’ value show there’s “turbulence” under the surface, equity derivatives analysts led by Gonzalo Asis said in a note on Tuesday. These gyrations have been […]
Read MoreCarly Tripp is global chief investment officer and head of investments for Nuveen Real Estate. Axel Dupeux Carly Tripp grew up playing in corn fields in Olney, Md., about 30 miles outside of Washington, D.C. But by the time she graduated high school, five grocery stores had popped up within a one-mile radius, turning the […]
Read More(Bloomberg) — Sam Bankman-Fried, the chief executive officer and co-founder of cryptocurrency exchange FTX, said 95% of crypto trading volume occurs offshore and urged for greater regulatory clarity to attract businesses to the U.S. “Despite the majority of the intellectual property for the digital asset industry originating from the United States, 95% of volume occurs […]
Read MoreExpedia Group, Inc. (EXPE) Expedia Group, Inc. operates as an online travel company in the United States and internationally. The company operates through Retail, B2B, and trivago segments. Its brand portfolio include Brand Expedia, a full-service online travel brand with localized websites; Hotels.com for marketing and distributing lodging accommodations. Booking Holdings Inc. (BKNG) Booking Holdings […]
Read MoreHerc Holdings Inc. (HRI) Herc Holdings Inc., through its subsidiaries, operates as an equipment rental supplier primarily in the United States and internationally. It rents aerial, earthmoving, material handling, trucks and trailers, air compressors, compaction, and lighting equipment. Textainer Group Holdings Limited (TGH) Textainer Group Holdings Limited, through its subsidiaries, purchases, owns, manages, leases, and […]
Read MoreBuy Price: $13.00 or better Sell Price: TradersPro Sell Signal Consumer Portfolio Services, Inc. operates as a specialty finance company in the United States. It purchases and services retail automobile contracts originated by franchised automobile dealers and select independent dealers in the sale of new and used automobiles, light trucks, and passenger vans. The stocks […]
Read MoreOne of the persistent themes of the past year or so has come as investors and economists have tried to look past the difficult conditions imposed by the COVID-19 pandemic and forecast the best places to look for new investing opportunities is the “reopening trade.” The term refers to the industries and stocks that may […]
Read MoreThe 401(k) retirement plan is the most widely known and used employer-sponsored retirement plan. The 408(k) is another type of employer-directed retirement plan in which small business employees can participate. It is also called the simplified employee retirement plan (SEP-IRA). Both the 401(k) and the 408(k) refer to sections of the Internal Revenue Service Tax […]
Read More(Bloomberg) — Sumco Corp., a key supplier of silicon wafers for the semiconductor industry, said it has already sold out its production capacity through 2026, a sign shortages in the industry may not abate for years. The Japanese company, one of a handful to provide the specialized silicon slabs that chipmakers use to create their […]
Read More(Bloomberg) — Democratic lawmakers are risking the ire of voters inflamed by this year’s tax-filing season, as the stalling of President Joe Biden’s priority economic package leaves them bereft of promised benefits. Embedded in the Build Back Better package were two provisions that Democrats designed so that the effects would be felt immediately by key […]
Read MoreThe average price of a new car in the US is higher than ever before, and some of the biggest automakers are starting to blame the dealerships that sell their vehicles. At Ford, for example, the average vehicle transaction price is growing faster than the revenue the company earns on car sales, according to the […]
Read MoreSpotify is the kind of workplace that encourages employees to share their thoughts on how the company is run. But CEO Daniel Ek’s latest response to the controversy over podcaster Joe Rogan is a reminder that when companies say they want employees to have a voice, that’s not a promise they’re going to listen. Musician Neil […]
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