• Pinterest is this year’s best social media stock

    Facebook, Twitter and Snapchat get all the buzz in the social media investing world. But Pinterest has sharply outperformed them all in 2020. Pinterest stock is up nearly 125% this year, easily outpacing Facebook’s more than 25% gain and the 40% and 60% jumps for Twitter and Snap. And several analysts think the image-sharing site […]

  • Zoom profit skyrockets 3,300% on remote work trend

    Zoom’s revenue surged more than 350% in the second quarter, and profits rocketed by nearly 10 times as much, as companies signed up for the video conferencing app to connect staff working from home during the pandemic. The California-based video communication service provider reported net profit of $185.7 million for the quarter through July 31, up nearly 3,300% […]

  • Dow Takes Plunge as Coronavirus Cases Soar

    The stocks mega-rally hit a roadblock: A somber economic outlook from the US Federal Reserve and the 2 millionth coronavirus case in the United States has investors questioning whether they had boosted the stock market too far, too fast. US stocks plummeted into the close, with all three indexes recording their worst performances since March 16 — when the […]

  • Airline Stocks Soar as Americans get Ready to Travel Again

    Investors are bullish on travel stocks again. US airline stocks had an exceptionally strong week last week on rising hopes that summer travel would be better than originally feared. The nation’s four major airlines, which had lost between 40% and 68% of their value year-to-date through the end of May, all posted solid gains last week, including a […]

  • Dow hits a new record: 29,000 points

    The Dow on Friday reached 29,000 points for the first time, as stocks climbed across the board. The Dow rose as much as 44 points, or 0.2%, to cross 29,000 points, but shortly after, it fell back below the key level. The index fell just short of that mark at Thursday’s close, but still finished […]

  • S&P 500 hits all-time high

    The S&P 500 set a new closing record on Monday, after falling just short of it late last week. Hopes for progress on the US-China trade front is propelling stock markets higher across the world. The Office of the US Trade Representative said late last week that the world’s two largest economies had made headway in […]

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