Evidence that the stock market and the real economy are not the same thing.Dec 22, 2020 - Economy & Business
If Trump's presidency is about to end, an unprecedented golden era for big businesses could end with it.Nov 6, 2020 - Economy & Business
All major oil companies are facing trouble. But Exxon has fallen the farthest, making the biggest bets on oil and gas — and the smallest bets on renewable energy.Nov 1, 2020 - Economy & Business
Bullish fund managers are starting to lay down bets that it will be this way for a while.Jul 9, 2020 - Economy & Business
The disconnect shows how the coronavirus has thrown all bets off.Jul 3, 2020 - Economy & Business
Shares in GameStop surged as high as $76.73 on Friday in what has been described as an "epic short squeeze."
Why it matters: The GameStop fight, with Redditors and TikTok influencers on the long side and investment professionals like Citron Research's Andrew Left on the short side, has turned ugly in recent days. But for the time being, the amateur investors are winning.
Fears of an asset bubble are gaining ground among investors, Bank of America surveys out this week show.
Why it matters: The coronavirus is still the top fear, followed by rising interest rates. But there was the biggest jump among investors that mentioned "asset bubble" as a concern.
America’s big banks capped off a winning year, led by soaring Wall Street-facing business lines.
Why it matters: Banks cashed in on the white-hot IPO market, record debt issuance, and sky-high trading volume — all of which played out as economic peril softened the consumer side of their businesses.
One of the most high-risk, high-return trading strategies of the moment is also the most democratic: Buying the stocks being pumped up on Reddit and TikTok, and then selling them for a huge short-term profit.
The intrigue: While most active trading strategies require expensive professional-grade software, this is a strategy that’s accessible to anybody who's Extremely Online.
50% of Americans changed their investing strategy after seeing the result of the presidential election, according to a Harris Poll survey for Empower Retirement and Personal Capital shared exclusively with Axios.
Why it matters: The election and the intense news cycles following it were perceived, correctly, as an inflection point of historical proportions. Doing nothing is hard in such situations, even if sticking to your long-term plan is what most financial advisers would recommend.
Plug Power's share price fell 6% on Thursday and slipped another 1% in after-hours trading following a Hindenburg Research-esque short seller report on the company from Kerrisdale Capital.
What they're saying: "We are short shares of Plug Power, a $40 billion provider of hydrogen fuel-cell solutions that’s set to generate a paltry $300 million in revenue in 2020 and trades at 40x its own aggressive revenue projection for 2024."
U.S. stock markets hit record highs during President Trump's time in office, but mostly underperformed his predecessor.
By the numbers: The stock market selloff that followed the outbreak of the coronavirus pandemic wiped out three and a half years' worth of market gains for Trump. As of March 23, 2020, the S&P 500 had lost 1.5% since Trump's first day in office.
Economic recovery will not be linear as the world continues to grapple with the uncertainty of the pandemic.
Why it matters: Despite being propped up by an extraordinary amount of fiscal stimulus and support from central banks, the state of the global economy remains fragile.
Those betting that people want to align stock investments with their political views saw a huge opening this week.
Why it matters: Much of corporate America is at least temporarily turning off the political donation spigot. But who they supported was pushed into the mainstream like never before in the wake of the Capitol mob attack.