Investment strategy

‘Gamification’ of online stock trading is not a problem, GOP senator says before GameStop hearing

[ad_1] Sen. Pat Toomey told CNBC on Tuesday he welcomes stock trading apps that make investing seem more approachable, rejecting complaints by some that brokerages like Robinhood have led to the so-called gamification of the equity market. The Pennsylvania Republican made the comments on “Squawk Box” ahead of Tuesday morning’s Senate Banking Committee hearing on retail …

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Malaysian glove makers are ‘too cheap to ignore’ after recent fall in share price, analyst says

[ad_1] SINGAPORE — The recent plunge in share prices of Malaysian rubber gloves makers is “unjustified,” said an analyst who’s predicting further upside for the stocks. Shares of Top Glove, the world’s largest rubber gloves producer, have fallen 17.7% this year as of Monday’s close. Its smaller peers Hartalega, Supermax and Kossan have dropped between …

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Op-ed: Black women must make their own magic with their finances

[ad_1] andresr | E+ | Getty Images “Black Girl Magic” is a movement that was popularized by CaShawn Thompson in 2013. The idea, born as a way to celebrate the beauty, power and resilience of Black women, caught on quickly. How could it not, since we have witnessed incredible contributions of Black women to American culture …

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GameStop shares jump after retailer taps Chewy co-founder Ryan Cohen to lead e-commerce shift

[ad_1] A man talks by his phone in front of GameStop at 6th Avenue on February 25, 2021 in New York. John Smith | Corbis News | Getty Images Shares of GameStop jumped 11% in premarket trading after the company announced Monday that it has tapped Chewy co-founder Ryan Cohen to lead its shift to …

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Buffett cut Apple, Baron trimmed Tesla: Billionaire market lessons on tech and growth stock selling

[ad_1] If a stock pundit had said at the beginning of 2021 it was time to get out of Tesla and into Exxon Mobil, many investors might have sought another source of market advice. But to an unemotional stock trader, that may have seemed like the right move after growth stocks’ massive run into the …

Buffett cut Apple, Baron trimmed Tesla: Billionaire market lessons on tech and growth stock selling Read More »

Okta CEO defends $6.5 billion deal for rival Auth0 after shares fall

[ad_1] Okta CEO Todd McKinnon on Friday defended his company’s move to acquire Auth0, calling the rival company a complementary asset to its identity and access management business. Okta shares are down 10% since it announced the $6.5 billion all-stock transaction after Wednesday’s close. The sales figure represents more than a fifth of Okta’s market …

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Cramer’s week ahead: Build a cash position for the next stock sell-off

[ad_1] CNBC’s Jim Cramer said the jobs report from the Labor Department Friday satisfied markets, at least for the interim. The U.S. economy added 379,000 jobs last month and the unemployment rate inched down, with stocks managing to bounce from their lows of the day and snap a tough three-day trading stretch to end the …

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Demand for composite decking is rising thanks to a DIY boon, Trex CEO says

[ad_1] Trex CEO Bryan Fairbanks told CNBC on Friday that sales for the company’s wood-alternative products have increased during the Covid-19 pandemic as consumers take on more home-improvement projects. In addition to the increased demand for composite decks among homeowners, the manufacturer has boosted capacity and reduced its prices to make its products more affordable, …

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Self-employed and gig workers can now apply for PPP loans under new rules. Here’s what you need to know

[ad_1] JGI/Tom Grill | Tetra images | Getty Images Self-employed and gig workers who have been waiting for new rules that would mean larger forgivable loans through the Paycheck Protection Program can now move forward with their applications. As of Friday, the Small Business Administration is ready to accept and process updated PPP applications from …

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