A cost-of-living adjustment (COLA) is a purchasing-power protection mechanism provided to all monthly Social Security and Supplemental Security Income benefits. While a cost-of-living raise for Social Security recipients is technically “mandatory,” it does not mean there will be an actual increase every year: 2016 was one year when there wasn’t a raise, for example. By law,
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Meme stocks continue to create quite the buzz in the markets — and for good reason. Some of the returns investors have seen among this niche group have been very impressive. And while many meme stocks have somewhat leveled off after an incredible first quarter, there’s always the potential for another short squeeze around the
Based on a very disturbing new report issued about Cassava (NASDAQ:SAVA), I have sold the vast majority of my shares of SAVA stock. And until the company refutes most or all of the allegations contained in the report, I believe that it’s too risky to hold more than a very small amount of Cassava’s shares.
In this article COIN NUE PLTR CNK GE RBLX Check out the companies making headlines before the bell. General Electric (GE) — Shares of GE rallied more than 7% in the premarket after the company announced it will split up into three publicly traded entities focused on aviation, health care and energy. GE said it will
In 2021, biopharmaceutical company Ocugen (NASDAQ:OCGN) has been a paradise for well-timed, short-term traders. On the other hand, long-term OCGN stock investors have been through a virtual roller-coaster ride. Source: shutterstock.com/PhotobyTawat As we’ll see, the stock has well-defined support and resistance levels. Swing traders could potentially profit (no guarantees, of course) from a simple rinse-and-repeat strategy.
Phunware (NASDAQ:PHUN) is a mobile phone SaaS (Software as a Service) company that just raised a pile of cash. In a recent presentation that the company gave at a Benzinga conference, Phunware said that it now has $66 million in cash on its balance sheet. That’s probably enough to justify its inflated $365 million market
Lucid Group (NASDAQ:LCID) stock has been on a tear. It’s up 59% in the past month and 317% year to date. Source: Around the World Photos / Shutterstock.com Much of that short-term run is because the company actually rolled 20 cars out of its factory and delivered them. I guess that this is where we are
In this article SDC RBLX TRIP HOOD ZNGA PYPL TripAdvisor app Source: TripAdvisor Check out the companies making headlines in after hours trading: Roblox — Roblox shares surged 30% following the online gaming platform’s quarterly results. The company reported revenue of $637.8 million during the period, ahead of the $636.5 million Wall Street was expecting,
Canadian marijuana producer and processor Tilray (NASDAQ:TLRY) made history in July 2018 when it became the first pure-play cannabis company to trade publicly on a major U.S. exchange. Just three months later, the Canadian government legalized marijuana for recreational purposes, in addition to the already legalized medical use. TLRY stock, which went public at $17
Share prices for electric car company Tesla, Inc. (TSLA) slid by as much as 5% Monday morning after its CEO Elon Musk said he might soon exercise his stock options that are due to expire next year. Musk’s options do not qualify for preferential tax treatment, meaning that he could be on the hook for
The holiday season is fast approaching. And given all the stories about supply chain issues, for many Christmas buying is already underway. These food stocks might not end up on your holiday tables but you can be sure that they will end up in shopping carts now and in quarters to come. There’s no doubt
Ocugen (NASDAQ:OCGN) stock didn’t move much on a recent announcement that it had applied to the FDA for a new emergency use authorization (EUA) for the Covaxin coronavirus vaccine. Source: shutterstock.com/PhotobyTawat This EUA is for people between the ages of two and 18, but the move is extremely unlikely to prevent OCGN stock from sliding in
In this article GPS DE CVS Pedestrians pass in front of a GAP store in New York. Scott Mlyn | CNBC Check out the companies making headlines in midday trading. Activision Blizzard — The video game company tumbled more than 15% despite reporting better-than-expected quarterly earnings of 72 cents per share, compared to analysts’ estimates
After years of boosting CVS Health (NYSE:CVS) stock, I recently gave up and took a profit of 15% won over 7 months. Maybe I should have stayed in. Since I sold my CVS stock, the share price is up almost 12%. Source: Roman Tiraspolsky / Shutterstock.com Its recent gain is even better than that of United Healthcare
Shiba Inu (CCC:SHIB-USD) is in the headlines for mouthwatering gains in 2021. Social media influencers are becoming more active in voicing their opinions on volatile cryptocurrencies. Many of them are piling into meme coins. And we see the results with coins like Shiba Inu generating some serious momentum. Source: Wollertz / Shutterstock Cryptocurrency investing is rife
QuantumScape (NYSE:QS) stock may very well start soaring on the development of solid-state batteries and the company’s underlying innovation. Source: Michael Vi / Shutterstock.com Electric vehicles are the future. A commonly repeated mantra, it’s become such a meme that expressing a contrarian argument is sure to generate heat. However, some components of EVs are challenging,
With its massive price decline so far this year, is now the time to follow the crowd’s changing diagnosis on Teladoc (NYSE:TDOC)? Not so fast. TDOC stock may be down more than 25% year-to-date, and down about 50% from its all-time high of $308 per share. But despite this drop, and the fact it’s been trending
Jeff Bezos, left, and Elon Musk Getty Images; Reuters The U.S. Federal Court of Claims ruled against Jeff Bezos’ Blue Origin in the company’s lawsuit versus NASA over a lucrative astronaut lunar lander contract awarded to Elon Musk’s SpaceX earlier this year. Federal judge Richard Hertling sided with the defense in his ruling, completing a
In this article QCOM QRVO Medical syringe is seen with Moderna company logo displayed on a screen in the background in this illustration photo taken in Poland. Jakub Porzycki | NurPhoto | Getty Images Check out the companies making headlines in midday trading. Moderna — Moderna shares tumbled 19% after a weaker-than-expected quarterly report. The drug
Although all eyes have been on the searing path that benchmark equity indices have blazed in 2021, initial public offerings (IPOs) have had their own impressive bull market. In fact, Reuters reported in mid-June that U.S. IPOs hit an annual record in less than six months. So if 2020 was the year of the novel