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Twitter could rise another 30% as ad spending is set to soar, Bank of America says

Twitter CEO Jack Dorsey. PRAKASH SINGH/AFP via Getty Images Twitter stock could rise by almost 30% to $90 per share, according to Bank of America analysts. BofA sees Twitter expanding in its advertising growth which took a hit during the COVID-19 pandemic. BofA reiterated its buy rating on the stock. See more stories on Insider's business page. Twitter stock could rise by about 30% as the social media platform stands to see further growth in advertising sales which have been recover...
Tags: Twitter, Trends, Markets, Bank Of America, Jack Dorsey, Twitter Ads, Afp, BofA, FactSet, Getty Images Twitter, Carla Mozee, Twitter earnings, Tech Stocks, Justin Post, Twitter Stock Price, Nasdaq 100


SEC charges California man with running a micro-cap stock fraud scheme that targeted retail investors

Jonathan Ernst/Reuters The SEC charged Charlie Abujudeh with running microcap stock fraud schemes targeting retail investors. According to the SEC, Abujudeh generated over $9 million in illicit proceeds relating to the scheme. The "linchpin" of Abujudeh's schemes was that he controlled nearly all of the float for each of the companies that he promoted, the SEC said. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. The US Securities and Exchange Commission file...
Tags: California, Trends, Markets, SEC, Odyssey, Reuters, Insider Trading, Jonathan Ernst, US Securities and Exchange Commission, SEC Enforcement, Penny Stocks, Emily Graffeo, MI Exclusive, SEC charges, Microcap Fraud, Charlie Abujudeh


Boston Beer Company crashes 26% as executives blame fizzling hard seltzer demand for steep earnings miss

Bethany Biron/Business Insider Beer tumbled more than 25% on Friday after revealing a bruising earnings miss on Thursday. On an earnings call, the Sam Adams maker reported earnings per share were $4.75 versus an anticipated $6.69. Boston Beer's off-target expectations were a function of slowing growth in a maturing market, new competition, and pandemic restrictions, executives said. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Boston Beer Company tumbled 2...
Tags: Trends, Markets, Earnings, Sam Adams, Boston Beer, Boston Beer Company, Hard Seltzer, Earnings Miss, MI Exclusive, Truly, Ethan Wu, Bethany Biron Business Insider Beer, Things Before the Opening Bell Boston Beer Company, Truly Boston Beer, CEO Dave Burwick Boston Beer Company


US stocks climb as investors cheer stellar tech earnings

Spencer Platt/Getty Images US stocks climbed Friday as investors digested the latest round of earnings from some of Wall Street's biggest tech names. Shares of Snap and Twitter soared in early morning trading after both blew past earnings estimates. Asian stocks sank after a report that Beijing wants listed tutoring companies to turn non-profit. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. US stocks gained on Friday as investors cheered a strong round o...
Tags: Facebook, Asia, China, US, Trends, Markets, Bloomberg, Beijing, Bitcoin, Crypto, US Treasury, Nasdaq, Dow, S&P 500, Snap, Fed


The Nasdaq could rise 10% as investors flee Chinese tech companies and flock to US stocks amid Beijing's crackdown, Wedbush says

Reuters US tech stocks stand to gain from China's increased regulatory scrutiny on Didi and others.The regulatory crackdown represents "a major black eye" for the Chinese tech sector, Wedbush said in a note on Friday.As investors rotate out of China and into US tech stocks, the Nasdaq could surge 10% into year-end, according to Wedbush.Sign up here for our daily newsletter, 10 Things Before the Opening Bell.China's increased regulatory crackdown on stocks like Didi and Alibaba will...
Tags: Apple, Microsoft, Finance, China, US, Trends, Markets, Beijing, Alibaba, Tencent, Trading, Nasdaq, Wedbush, Ives, Didi, Matthew Fox


Chinese education stocks plunge as Beijing reportedly wants to turn tutoring companies into non-profits

Primary school students attend a class in Beijing. Cui Jun/Beijing Youth Daily/VCG via Getty Images Shares of Chinese tutoring companies crashing Friday after Bloomberg reported that Beijing is targeting the sector. China is considering asking education tech companies in the $100 billion sector to turn into non-profits. Shares of Tal Education Group and Gaotu Education were among those being hammered in the US market. See more stories on Insider's business page. Shares of Chinese ed...
Tags: Hong Kong, China, US, Trends, Markets, Bloomberg, Beijing, Alibaba, Financial Times, Nyse, China Stocks, Didi, VCG, Carla Mozee, TAL Education Group, New Oriental Education Technology Group


Electric car sales in the US will overtake those of combustion vehicles by 2036, according to an EY report

In 25 years, by 2045, sales of non-electric cars will barely account for 1% of the global market. Lucid Electric car slaes will equal those of combustion cars in the US in 2036, says a Bloomberg report. Millennials and government incentives will be key to the growth of non-polluting mobility. Germany is leading the way in Europe, having sold 398,000 electric cars in 2020. See more stories on Insider's business page. Of the 78 million vehicles sold worldwide in 2020, 3.2 million were el...
Tags: Transportation, Europe, UK, China, Germany, US, International, Trends, General Motors, Markets, Bloomberg, Economy, United States, Retail, Ey, Biden


10 things before the opening bell

Spencer Platt/Getty Images Welcome to 10 Things Before the Opening Bell. If this was forwarded to you, sign up here. Plus, sign up here for Insider Investing, our weekly markets analysis newsletter.Let's get into it.1. US futures have got a boost today from a set of blockbuster tech earnings. The S&P 500 is now less than 1% below its record high of 4,393. Shares in Snap and Twitter are on the move. 2. Warren Buffett's Berkshire Hathaway sold Kirby after owning it for 35 years. At...
Tags: US, Newsletter, Trends, Markets, Ubs, SEC, Berkshire Hathaway, Warren Buffett, North America, Musk, Buffett, Jpmorgan, Schlumberger, Kirby, Dogecoin, Howard Marks


Investors should look for stocks tied to 'data era enablers' as companies step up investment in IT infrastructure post-pandemic, Morgan Stanley says

Morgan Stanley Lars Niki/Getty An IT spending supercycle is underway and stocks that can ride that wave will beat the market, Morgan Stanley says. The bank's analysts pointed to an "unprecedented spike" in tech investment during the pandemic. Data era adopters - like Amazon, Disney, and the New York Times - will benefit the most over the long run, they wrote. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. An IT spending supercycle is underway and stocks that ...
Tags: Apple, Amazon, Disney, Trends, Markets, New York Times, Nvidia, Morgan Stanley, Amazon Disney, Apple Broadcom, MI Exclusive, Ethan Wu, Morgan Stanley Lars Niki Getty


How stock quotes can better inform your investing decisions

Information included in a stock quote is used by investors and other market participants to evaluate stocks and negotiate buying and selling prices. Thana Prasongsin/Getty A stock quote is the price of a particular stock that's listed on an exchange. Stock quotes also provide the stock's low and high prices and the opening price for the day. The information shown on a stock quote will vary based on the platform or service you're using. Visit Insider's Investing Reference li...
Tags: Google, France, Trends, Investing, Markets, Paris, Stocks, Katherine Brown, EPS, YTD, Nazarov, SYM, Alyssa Powell, Investing (Reference, Investing How To, Stock Analysis


Tech stocks drive the market higher with mega-cap giants Apple and Amazon leading the way

Spencer Platt/Getty Images US stocks traded higher on Thursday, driven by mega-cap tech giants Microsoft, Apple and Amazon.The gains came even as weekly jobless of 419,000 were higher than estimates of 350,000.The S&P 500 is now less than 1% below its record high of 4,393.Sign up here for our daily newsletter, 10 Things Before the Opening Bell.US stocks edged higher on Thursday, driven by a more than 1% gain in mega-cap tech giants Microsoft, Apple, and Amazon. The gains helped send the S&...
Tags: Apple, Amazon, Microsoft, US, Trends, Markets, Unilever, SEC, Goldman Sachs, Stock Market, Nasdaq, Dow Jones, S&P 500, Dow Jones Industrial Average, Guggenheim, Citi


3 states have cracked down on crypto lender BlockFi as the company's interest accounts draw scrutiny

Chukrut Budrul/SOPA Images/LightRocket via Getty Images) Three US states have said cryptocurrency platform BlockFi's Interest Accounts may be a security under state regulation. New Jersey, Alabama, and Texas said the crypto platform did not register its BlockFi Interest Accounts with regulators. BlockFi CEO Zac Prince says that the interest-bearing accounts are lawful. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Three US states have said cryptocurrency pl...
Tags: Texas, US, Alabama, Trends, Markets, Bitcoin, New Jersey, Crypto, Bia, Cryptocurrencies, Blockchain, Zac Prince, Isabelle Lee, Getty Images Three US, BlockFi, MI Exclusive


Lumber prices spike as wildfires cause producers to cut output, citing 'significant' supply chain challenges

The Bootleg Fire burns through vegetation near Paisley, Oregon, U.S., July 20, 2021 David Ryder/Reuters Lumber futures have jumped in recent days on concerns over the impact of wildfires on supply. One of North America's largest lumber producers said it would cut output at sawmills due to the fires. One lumber expert told Insider the production cut was the catalyst that confirmed to traders prices had hit a bottom. Sign up here for our daily newsletter, 10 Things Before the Opening Bel...
Tags: Trends, Markets, Canada, Wildfires, North America, Western US, Western Canada, Sherwood, Lumber, Michael Sherwood, Emily Graffeo, Lumber Price, Paisley Oregon, MI Exclusive, Lumber Outlook, Opening Bell Lumber


Elon Musk reveals the 5 big investments that fuel his more than $160 billion net worth

Elon Musk REUTERS/Mike Blake Elon Musk's net worth topped more than $160 billion this year, making him the second richest person on Earth. Musk's net worth is driven by five investments, which he revealed at a conference on Wednesday.These are the five holdings behind Musk's net worth.Sign up here for our daily newsletter, 10 Things Before the Opening Bell.Elon Musk's net worth of more than $160 billion makes the Tesla CEO the second richest person on Earth, just behind Amaz...
Tags: Amazon, Spacex, Elon Musk, Trends, Markets, Tesla, Earth, Bitcoin, International Space Station, Crypto, Jeff Bezos, Ethereum, Billionaire, Musk, SpaceX Falcon, Dogecoin


Unilever dips 6% as rising commodity prices cut into margin outlook

Reuters Unilever slid as much as 6% on Thursday after the company downgraded its margin outlook for the year. The stock was Thursday's biggest loser among the FTSE 100. The outlook adjustment comes as Unilever finds itself caught in a brewing political row over a decision by Ben & Jerry's, its subsidiary, to cease operations in what it called the occupied Palestinian territory. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Unilever slid as much as 6% on...
Tags: Texas, Israel, Trends, Markets, Unilever, Naftali Bennett, Boycott, Ben Jerry, Earnings Call, Reuters Unilever, Ben & Jerrys, Alan Jope, MI Exclusive, Ethan Wu, Things Before the Opening Bell Unilever, Israel Unilever


Banks are reportedly scrambling to move IPOs of Chinese companies from New York to Hong Kong after regulators cracked down on overseas listings

Martin Puddy/Getty Images Regulators' harsh response to Didi's IPO has forced the 20 or so Chinese companies that had plans to go public in New York to re-evaluate, according to a Financial Times report. 34 Chinese firms raised $12.4 billion in New York capital markets in the first half of this year, according to Dealogic data. Data-oriented companies have been most eager to plan for Hong Kong listings, in large part because the mainland government's crackdown has centered aro...
Tags: Hong Kong, New York, China, Ipo, US, Trends, Markets, Cybersecurity, IPO market, Financial Times, Nyse, Didi, Didi Chuxing, MI Exclusive, Martin Puddy Getty, Ethan Wu


Bitcoin mining firm Core Scientific is going public via SPAC in a $4.3 billion deal

Lars Hagberg/Getty Images Crypto mining firm Core Scientific is going public via a SPAC in a deal that values the combined entity at $4.3 billion. The mining firm will merge with Power and Digital Infrastructure Acquisition Company. Core Scientific operates proprietary mining facilities and hosts digital asset mining hardware for customers. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Core Scientific, one of North America's largest crypto miners, is going...
Tags: US, Trends, Markets, Bitcoin, Mining, Crypto, North America, Blackrock, SPAC, Bitcoin mining, Crypto Mining, Lars Hagberg, Emily Graffeo, Getty Images Crypto, MI Exclusive, Core Scientific


Here is what it'll take to pull bitcoin out of its bear market, according to JPMorgan

Nurphoto / Getty Images The bear market in bitcoin is ongoing as momentum traders unwind their positions, JPMorgan said in a note on Wednesday. The bank is looking for signs of new institutional adoption to help lift bitcoin from its rut."We believe that the share of bitcoin in the total crypto market would have to normalize further and perhaps rise above 50%" to end the current bear market, JPMorgan said.Sign up here for our daily newsletter, 10 Things Before the Opening Bell.The ongoing ...
Tags: Finance, Trends, Markets, Bitcoin, Crypto, Trading, Jack Dorsey, Cryptocurrencies, Jpmorgan, MicroStrategy, Matthew Fox, Bitcoin Price, Elon Musk Jack Dorsey, Crypto Assets, Cathie Wood Read, Bitcoin Price Outlook


The European Central Bank keeps bond-buying steady and says it will tolerate inflation above 2% for the first time

Christine Lagarde is President of the European Central Bank. Thomas Lohnes/Getty Images The European Central Bank kept its $2.2 trillion bond-buying package unchanged and interest rates unchanged. It revised its forward guidance, saying for the first time it would tolerate inflation rising over 2%. Central banks around the world are grappling with rising inflation as economies reopen from the pandemic. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. The European C...
Tags: US, Interest Rates, Trends, Markets, European Central Bank, Economy, Inflation, Christine Lagarde, Ecb, Monetary Policy, Morningstar, Harry Robertson, ECB Meeting, MI Exclusive, Bond Buying, ECB decision


US stocks trade mixed after weekly jobless claims come in higher than expected

A trader works on the floor at the New York Stock Exchange (NYSE) in New York City, New York, U.S., March 3, 2020. Andrew Kelly/Reuters US stocks were mixed on Thursday after weekly jobless claims came in higher than expected.419,000 Americans filed for unemployment last week, well above the estimate of 350,000.Sign up here for our daily newsletter, 10 Things Before the Opening Bell.US stocks halted their uptrend early Thursday morning and moved lower following a surprise jump in weekly job...
Tags: US, Trends, Markets, Trading, SEC, Goldman Sachs, Stock Market, Nasdaq, S&P 500, Dow Jones Industrial Average, Nyse, Guggenheim, Gary Gensler, New York City New York, New York Stock Exchange NYSE, Matthew Fox


10 things before the opening bell

Britta Pedersen-Pool/Getty Images Welcome to 10 Things Before the Opening Bell. If this was forwarded to you, sign up here. Plus, sign up here for Insider Investing, our weekly markets analysis newsletter.Let's jump in.1. US futures are heading upwards. Investor optimism over earnings is offsetting some of the concern over COVID-19. Take a look at what's moving on the markets today. 2. Elon Musk, Cathie Wood, and Jack Dorsey got together to chat crypto. The trio were part of a pan...
Tags: US, Newsletter, Trends, Markets, Jack Dorsey, Morgan Stanley, Wood, Company, Charles Schwab, Jeremy Grantham, Opening Bell, Phil Rosen, Scott Minerd, Britta Pedersen, 10 Things Opening Bell, Elon Musk Cathie Wood


Understanding buy-and-hold investing - a long-term strategy that Warren Buffett swears by

Some investors say that buy-and-hold investing is the best way to manage risk. Delmaine Donson/Getty Buy-and-hold is a long-term investment strategy that involves purchasing securities and keeping them in your portfolio for a long period of time. Some investors say that buy-and-hold investing is the best way to manage risk and work toward long-term financial goals. Opponents argue that you could get better results with a hands-on approach to your portfolio. However, historic results typica...
Tags: Trends, Investing, Markets, Warren Buffett, Graham, Las Vegas, Benjamin Graham, Eric Rosenberg, Investing Strategy, Buy And Hold, Investing (Reference, Investing How To, Investing Strategies (Reference, Delmaine Donson Getty


Dow rises 285 points for 2nd straight daily gain as focus shifts away from growth worries to earnings season

Stocks are on the mend following pullbacks from record highs. Brendan McDermid/Reuters The Dow Jones Industrial Average climbed XXX points to extend a relief rally on Wednesday. The S&P 500 also rose and the Nasdaq Composite pushed through early weakness. Johnson & Johnson was among the Dow stocks that raised its annual earnings guidance. See more stories on Insider's business page. US stocks closed higher Wednesday, led by blue-chips as many corporate behemoths upgraded financial g...
Tags: Verizon, US, Trends, Markets, Delta, Stocks, US Treasury, Jamie Dimon, Dow, S&P 500, Dow Jones Industrial Average, Buchanan, Johnson Johnson, JPMorgan Chase, Brendan McDermid Reuters, Nasdaq Composite


Ark Invest's Cathie Wood defends bitcoin as an inflation hedge in crypto panel with Elon Musk

Cathie Wood Cindy Ord/ Getty Images Cathie Wood defended bitcoin's role as an inflation hedge during a panel with Jack Dorsey and Elon Musk. The Ark Invest founder and CEO said bitcoin will serve as an inflation hedge in emerging market countries. She said citizens in emerging markets with "significant inflation" will migrate to bitcoin and other means to preserve their purchasing power. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Ark Invest founder and...
Tags: Elon Musk, Trends, Markets, Crypto, Jack Dorsey, Wood, Ark, Cathie Wood, ARK Invest, Emily Graffeo, Cathie Wood Bitcoin, Bitcoin Inflation Hedge, MI Exclusive, Cathie Wood Cindy Ord Getty


Chipotle soars 13% to an all-time high as digital ordering and return of dine-in customers push revenue to pre-pandemic levels

Chipotle is giving away a Tesla 3. Chipotle Shares of Chipotle soared 12.95% to reach new highs on Wednesday. Second-quarter earnings showed revenue came in at $1.89 billion, above the analyst consensus of $1.88 billion. Almost half of all sales at the fast-casual chain were digital. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Shares in Chipotle soared as much as 12.95% to reach new highs on Wednesday as a bumper second-quarter earnings call showed the fast-c...
Tags: Trends, Markets, Beef, Tesla, Earnings, Wages, Chipotle, Cnbc, Brian Niccol, MI Exclusive, Ethan Wu, Analyst Conference Call, Chipotle Shares of Chipotle


What is a short squeeze? Understanding why they happen and how they work

A short squeeze afflicts short-sellers, investors who have sold stocks they don't actually own, in hopes of buying them back later for less money. If the stock rises instead, the strategy goes awry. Caroline Purser/Getty A short squeeze is when a shorted stock's price rises and sellers close their position to avoid a loss. Signs of a short squeeze include frequent buying of a high number of shares being sold short. Buy-limit orders and hedging strategies offer short-sellers some pr...
Tags: Trends, Markets, Reddit, Stocks, Sir, Gamestop, Don, RSI, GME, Short Squeeze, Investing (Reference, Investing How To, Jim Probasco, Investing Analysis, GameStop GME, Economics & Markets (Reference


Investors are rushing to hedge oil bets after Delta variant jitters gave crude its biggest drop this year

Shutterstock Investors are trying to hedge their oil bets after Monday's beating, according to a Wall Street Journal report. Some particularly prescient traders had already hedged their position before Monday's oil turmoil. Analysts still expect oil to climb, arguing fundamental supply and demand dynamics are unchanged. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Oil took a beating during Monday's sell-off, leading investors to hedge their bets d...
Tags: Oil, Trends, Markets, Bank Of America, Delta, Ubs, Goldman Sachs, Goldman, Wall Street Journal, Futures, Options, Hedging, Mizuho Securities, Bob Yawger, Yawger, Opening Bell Oil


Bitcoin rises 10% as Elon Musk, Jack Dorsey, and Cathie Wood gather to discuss the volatile cryptocurrency

David McNew/AFP via Getty; ARK Invest; Patricia De Melo Moreira/AFP via Getty; Bitcoin; Samantha Lee/Insider Bitcoin jumped as much as 10% on Wednesday as Elon Musk, Cathie Wood, and Jack Dorsey talked crypto at The B Word conference.Musk, Wood, and Dorsey all advocated for the cryptocurrency and talked about its future potential.Bitcoin reclaimed the key support level of $30,000 and traded as high as $32,415 on Wednesday.Sign up here for our daily newsletter, 10 Things Before the Opening ...
Tags: Trends, Markets, Bitcoin, Stockton, Crypto, Trading, Getty, Jack Dorsey, Wood, Technical Analysis, Dorsey, SPAC, Matthew Fox, David McNew, Katie Stockton, Bitcoin Price


'I might pump but I don't dump': Elon Musk outlined his broad approach to crypto investing in a panel also featuring Cathie Wood and Jack Dorsey

Elon Musk REUTERS/Mike Blake Elon Musk on Wednesday said he is a supporter of bitcoin and wants to see the cryptocurrency succeed. "If the price of bitcoin goes down, I lose money. I might pump but I don't dump," Musk said during "The B Word" event. Musk spoke on the panel alongside Twitter chief Jack Dorsey and Ark Invest CEO Cathie Wood. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Elon Musk on Wednesday detailed his thoughts on cryptocurrencies, saying ...
Tags: Spacex, Elon Musk, Trends, Markets, Tesla, Bitcoin, Crypto, Jack Dorsey, Musk, Dogecoin, Ether, Elon Musk Crypto, Cathie Wood, Isabelle Lee, Elon Musk Bitcoin, Tesla Bitcoin


Day traders are cheering on a small medical-diagnostics company that's soared 237% today after announcing a $28 million order

REUTERS/Brendan McDermid/File Photo/File Photo Shares of Chembio Diagnostics surged as high as 273% Wednesday as the company announced a large order for its COVID-19 tests. Day traders on StockTwits cheered on the stock, which had hit its lowest point since 2010 the previous day. Trading volume in Chembio also skyrocketed. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Day traders are cheering on a small medical diagnostics company that's seen its stock mov...
Tags: Trends, Markets, Bloomberg, Brazil, Brendan Mcdermid, Chembio Diagnostics, Chembio, CeMI, Emily Graffeo, Day Traders, Intraday Stock Move, Stock Movers Today, MI Exclusive, Retail Investing Activity, CEMI stock price, Hauppague New York



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