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10:02 a.m. Aug. 31, 2021 - By Emily Bary
Virgin Galactic stock surges amid bullish view of space-tourism opportunityShares of Virgin Galactic Holdings Inc. are up 11.7% in Tuesday afternoon trading after Jefferies analyst Greg Konrad weighed in with an upbeat view of the prospects for space tourism and Virgin Galactic's positioning in that market. He initiated coverage of the stock with a buy rating and $33 price target. Konrad is encouraged by consumer interest in space as well as "a recovering economy that is experiencing rapid GDP growth and wealth," which could help drive a bigger market for Virgin Galactic's "premium offering." He sees space tourism as potentially a $120 billion market, and one that could drive Virgin Galactic to deliver $1.7 billion in annual revenue by 2030. Konrad's consumer survey of more than 200 people with a disclosed net worth above $1 million found strong awareness of the Virgin Galactic brand. Among respondents, 37% were interested in traveling to space, with about 30% of them willing to spend more than 5% of their net worth to do so and 10% willing to spend upwards of 10%. Virgin Galactic shares have gained 58.4% over the past 12 months as the S&P 500 has risen 28.9%.
9:18 a.m. June 5, 2021 - By Quentin Fottrell
My husband of 30 years hid income with his mother’s help. When confronted he said, ‘I’m a liar. I’ve been doing this for 10 years!’ ‘I want to protect the last of my inheritance and two money-market accounts currently in my name’‘I want to protect the last of my inheritance and two money-market accounts currently in my name.’
4:51 p.m. May 25, 2021 - By Quentin Fottrell
Why are ‘Karens’ so angry? Such incidents have not gone away. Instead, they’ve become another depressingly ubiquitous feature of modern lifeSuch incidents have not gone away. Instead, they’ve become another depressingly ubiquitous feature of modern life.
4:31 a.m. May 23, 2021 - By Quentin Fottrell
Our neighbor’s car damaged our house. She begged us not to report it. Now she needs to borrow money, and is nickel-and-diming our contractor ‘Louise came to our house to lament that she would need to borrow from her sister and Ada in order to even pay the $1,000’‘Louise came to our house to lament that she would need to borrow from her sister and Ada in order to even pay the $1,000’
11:19 a.m. May 10, 2021 - By Claudia Assis
Virgin Galactic reports wider Q1 loss, says pandemic still crimping businessVirgin Galactic Holdings Inc. stock fell more than 5% in the extended session Monday after the space-tourism company reported a wider-than-expected quarterly loss and said it continues to see pandemic-related, ongoing delays in its business and operations. Virgin reported a net loss of $130 million, or 55 cents a share, in the first quarter, compared with a net loss of $377 million in the first quarter of 2020. Analysts polled by FactSet expected Virgin to report a GAAP loss of 28 cents a share for the quarter. The company said it ended the quarter with $617 million in cash and equivalents. "We continue to make strides towards our strategic objectives and have solid momentum as we focus on completing our flight test program," Chief Executive Michael Colglazier said in a statement. Virgin Galactic ended the regular trading session down 8.5%.
3:26 a.m. April 10, 2021 - By Quentin Fottrell
‘What the hell!’ I’m 28, have no debt, a 401(k), Roth IRA and $45K in cash. Should I save for a house or buy a Tesla Model 3? ‘I believe I can buy the car and strap down, and save more aggressively to replenish the funds’‘I believe I can buy the car and strap down, and save more aggressively to replenish the funds.’
5:57 a.m. April 4, 2021 - By Quentin Fottrell
I’m dating a married man. He made me the beneficiary on a $100K life-insurance policy. Could his wife sue to claim this money? ‘Although we both care greatly for each other, our relationship started as and remains a mutually beneficial one: money for me, companionship for him’‘Although we both care greatly for each other, our relationship started as and remains a mutually beneficial one: money for me, companionship for him.’
2:50 a.m. April 1, 2021 - By Tonya Garcia
Funko shares jump after acquisition launches the toy company into the NFT marketFunko Inc. shares jumped 13% in Thursday premarket trading after the toy and collectible company acquired a majority ownership stake in TokenWave, the company behind the TokenHead app and website that tracks non-fungible token (NFT) holdings. TokenHead is available on Android and iOS devices, currently displays more than 10 million NFTs and has more than 100,000 visits per day. Funko, known for its Pop dolls with oversized heads, will launch its NFT offerings in June, with a new one introduced each week at a starting price of $9.99. "Our strategy in this space is clear - bring the value-added NFT opportunity to our licensing partners to leverage our broad range of existing pop culture content across television, movies, sports, music, anime, video games and comic books," said Brian Mariotti, Funko's chief executive in a statement. Funko stock has skyrocketed 89.6% over the past three months, and is up nearly 414% over the last year. The S&P 500 index has gained 60.8% over the last 12 months.
2:02 a.m. March 24, 2021 - By Tomi Kilgore
Hall of Fame Resort, Dolphin Entertainment stocks nearly double after NFT partnershipShares of both Hall of Fame Resort & Entertainment Co. and Dolphin Entertainment Inc. nearly doubled in premarket trading Wednesday, after companies signed a partnership to offer non-fungible tokens (NFTs). Hall of Fame Resort (HOFV) said late Tuesday that the partnership with Dolphin will allow professional football and sports entertainment fans to buy and sell exclusive content developed by HOFV and its partners. "We are thrilled to be partnering with Dolphin, an emerging thought leader in the NFT market, to accelerate our entry into the space," said HOFV Chief Executive Michael Crawford. "This partnership will provide us with another opportunity to unlock additional value from the one-of-a-kind media projects we have in development." HOFV shares soared 95.5% ahead the open, and Dolphin's stock shot up 86.7%, after rocketing 236.3% on Tuesday following an announcement that the entertainment marketing and content development company had . Dolphin's stock has run up 439.1% year to date through Tuesday and HOFV shares have climbed 227.6%, while the S&P 500 has gained 4.1%.
12:26 p.m. March 13, 2021 - By Alison Fottrell
‘We are weary’: Life in Italy, one year after national lockdown to stop the spread of COVID-19 ‘The presence of increased police patrols in a crowded square in Como on a recent Saturday evening is further evidence of a developing social malaise that needs to be kept in check’‘The presence of increased police patrols in a crowded square in Como on a recent Saturday evening is further evidence of a developing social malaise that needs to be kept in check.’
9:22 a.m. March 7, 2021 - By Quentin Fottrell
My husband and his brother inherited a property. Our son moved in. We paid $60K in taxes and repairs. Do we split it 50/50? ‘The house is probably 90 years old, and needed quite a lot of work before they could move in’‘The house is probably 90 years old, and needed quite a lot of work before they could move in.’
4:52 a.m. Feb. 15, 2021 - By Catey Hill
I’ll have $10,000 a month to spend and prefer a city with beautiful outdoors, warm weather and lots of culture — so where should I retire? Looking for ideas on the best place for you to retire? Email HelpMeRetire@marketwatch.comAnd she wants it to be cheaper than Chicago.
1:43 a.m. Feb. 2, 2021 - By Ciara Linnane
Space launch company Astra to go public via merger with SPAC HolicitySpace launch company Astra said Tuesday it is going public via a merger with special purpose acquisition corporation, or SPAC, Holicity Inc. in a deal with an enterprise value of about $2.1 billion. SPACs, or blank-check companies, raise funds in an IPO and then set about acquiring a business or businesses. Once the deal has closed, the new company will be named Astra and trade on Nasdaq under the ticker symbol "ASTR." It will have up to $500 million in cash proceeds to launch space services. Astra became one of the companies to make it to space in December 2020 and has booked more than $150 million of contracted launch revenue. The company is planning to deliver customer payloads this summer and start monthly launches by year-end. The combined company will be led by Founder and Chief Executive Chris Kemp. The deal is expected to close in the second quarter. Holicity shares were not yet active premarket.
9:02 a.m. Jan. 31, 2021 - By Quentin Fottrell
My sister is a single mother and thinks ‘squatter rights’ is the way to secure housing in the pandemic. What can I do? ‘She has been better with her money the last three months, but she has been very irresponsible in her spending the last few years — paying for breast implants, for example’‘She has been better with her money the last three months, but she has been very irresponsible in her spending the last few years — paying for breast implants, for example.’
6:22 a.m. Jan. 23, 2021 - By Quentin Fottrell
My wife has a degenerative neurological disease. My father-in-law wants to put her in a facility — and take over our finances ‘My father-in-law now seems obsessed with moving my wife out of our home to some sort of group home/facility. The mere thought of this seems abhorrent and barbaric’‘My father-in-law now seems obsessed with moving my wife out of our home to some sort of group home/facility. The mere thought of this seems abhorrent and barbaric.’
4:16 a.m. Jan. 16, 2021 - By Quentin Fottrell
I didn’t receive a $1,200 stimulus check during the first surge of COVID-19. Will I get a payment this time around? President-elect Bidens said Thursday he will call for $1,400 stimulus checks and more vaccine funds in $1.9-trillion COVID-19 relief plan. President-elect Bidens said Thursday he will call for $1,400 stimulus checks and more vaccine funds in $1.9-trillion COVID-19 relief plan.
3:35 a.m. Jan. 3, 2021 - By Quentin Fottrell
My boyfriend’s ex-wife claimed her 2 sons as dependents on her taxes, and received their stimulus checks — but they live with us ‘The mother of these 2 boys lost custody through the Department of Homeland Security, and has offered no support’‘The mother of these 2 boys lost custody through the Department of Homeland Security, and has offered no support.’
3:35 a.m. Jan. 3, 2021 - By Quentin Fottrell
I earned $100,000 in 2019, but far less in 2020. Why did I not get a stimulus check? How is that fair? ‘I also know people who made over $100,000 in 2019, but can’t get a stimulus because of their 2019 tax return’‘I also know people who made over $100,000 in 2019, but can’t get a stimulus because of their 2019 tax return’
11:23 a.m. Dec. 30, 2020 - By Quentin Fottrell
Our building is tipping staff 25% extra due to COVID-19. My husband wants to maintain this in 2021. I disagree. What should we do? ‘I am an Upper East Side wife and mother with two children. I realize I am very fortunate’‘I am an Upper East Side wife and mother with two children. I realize I am very fortunate.’
10:28 a.m. Dec. 7, 2020 - By Quentin Fottrell
My mother wants to leave her home to her three grandchildren. I have one child and my sister has two. Is that fair? Inheritances, family homes and sibling rivalries often create a toxic cocktail: the Troubletini, served straight up with a twistInheritances, family homes, and sibling rivalries often create a toxic cocktail. The Troubletini, served straight up with a twist.
10:18 a.m. Dec. 7, 2020 - By Quentin Fottrell
Biden wants Americans to wear masks for 100 days — do they protect against COVID-19 or merely promote healthy behavior? ‘Modeling suggests that near universal masking could prevent 180,000 COVID-19 deaths,’ one expert told MarketWatch‘Modeling suggests that near universal masking could prevent 180,000 COVID-19 deaths,’ one expert told MarketWatch.
7:17 a.m. Dec. 7, 2020 - By Tomi Kilgore
DraftKings stock falls after J.P. Morgan analyst gives a not-bullish endorsementShares of DraftKings Inc. fell 1.4% in midday trading Monday, after J.P. Morgan analyst Daniel Politzer gave the a not-quite bullish endorsement. The stock was headed for a third-straight loss, and has lost 4.9% during that stretch. Politzer initiated DraftKings with a neutral rating and $48 stock price target, which is 1.2% below current levels. Politzer said "there is a lot to like" about the company, including its position as a leader in the sports betting marketplace, signs that U.S. sports bettors like to stay with the platforms they use and the fact that the company holds "first-mover advantages" in the daily fantasy sports space. "However, we believe these positives are balanced" by concerns over valuation, increasing competition and the pace of number of states that are legalizing sports betting and igaming may fall short of his expectations. "With several pure-play USSB/iGaming firms in the process of going public...we could envision a scenario whereby [DraftKings's] growth and profitability becomes more closely scrutinized by investors," Politzer wrote in a note to clients. The stock has rallied 31.3% over the past three months, while the S&P 500 has advanced 7.8% over the same time.
4:04 a.m. Dec. 1, 2020 - By Quentin Fottrell
Pope Francis takes aim at anti-mask protesters: ‘They are incapable of moving outside of their own little world’ The Spanish Steps are free of tourists. The Trevi Fountain is blocked off with yellow ‘caution’ tape. Two nuns cut a dramatic silhouette across an empty Peter’s SquareThe Spanish Steps are free of tourists. The Trevi Fountain is blocked off with yellow ‘caution’ tape. Two nuns cut a dramatic silhouette across an empty Peter’s Square.
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