A week of manic trading on Wall Street with stocks including GameStop, AMC Entertainment and others soaring after individual investors on the popular free trading app Robinhood heavily bought those stocks in a social media frenzy while Wall Street investors placed big bets against those stocks. The wild moves in the market over the past several trading sessions have led to calls for congressional hearings and regulatory action. While others don't want to see any restrictions or regulations....

Stocks bounce back after the worst one day drop since October as market mania continues with some brokerage platforms now stopping, suspending or limiting trading on certain stocks such as GameStop which have seen big moves in the so called Reddit Rally. Some lawmakers are now calling the stock market's integrity into question and are calling for congressional hearings as well as investigations. The Dow, which had been up about 650 points earlier in the session, came in for a closing gain of...

Mottek On Money Special Edition focused on residential and commercial real estate. L.A. home prices post a yearly gain of 9.1% according to the latest S&P CoreLogic Case-Shiller home price index. San Diego home prices are up 12.3%. Home prices and sales continue to show impressive gains during the pandemic as mortgage rates continue to hover at or near record lows. Industrial real estate continues to be the shining star in commercial real estate as other sectors including office,...

Another record shattering week for stocks as President Biden takes office and proposes a $1.9T American Rescue Plan saying the U.S. economic crisis was deepening because of the ongoing pandemic. Former Fed Chair Janet Yellen is set be confirmed by the U.S. Senate as the next U.S. Treasury Secretary. The Nasdaq ended the week at a record high and up 4.2% for the week. California's economy struggles as the vaccine rollout disappoints. Analysis on the markets and the economy from Dr. Mohamed...

Stocks slip from record highs as the covid pandemic continues to weigh on the economy. Weekly jobless claims hit a five month high approaching one million, retail sales pulled back for the third month in a row. New hope for small business owners struggling in the pandemic with the resumption of the Paycheck Protection Program and promises of more economic stimulus from the incoming Biden administration. Analysis of the markets and the economy from Dr. Mohamed El-Erian, President, Queens...

Stocks wrap up the first week of 2021 at record highs despite a chaotic week in Washington, new alarming numbers on the covid pandemic and job losses last month for the first time since last April. The market was lifted by expectations of massive economic stimulus from the soon to be Democratic controlled White House and congress. Bitcoin soars above $40K for the first time. LA's Union Rescue Mission sees its most challenging time ever helping L.A.'s homeless. www.URM.org  Analysis on the...

Mottek On Money Special Edition covering Wall Street and Main Street in the coronavirus crisis: Stocks rally to record highs on new stimulus hopes a day after the U.S. Capitol is stormed and congress certifies the election of Democrat Joe Biden as the next President. Tesla shares ride to new highs above $800 driving Elon Musk to the top of the list of the world's wealthiest people passing up Amazon's Jeff Bezos. Bitcoin pops above $40K for the first time. Analysis of the markets and the...

Mottek On Money Special Edition covering Wall Street and Main Street during the coronavirus crisis: Stocks edge higher on the second day of trading in 2021, with the Dow up 168 points at the close, partially rebounding from the nearly 400 point closing loss the Dow sustained on the first trading day of the new year after a record shattering 2020. Investors were cautious ahead of the U.S. Senate seat run off election results in Georgia which could change the balance of power in the senate....

Happy New Year! Stocks close out the tumultuous pandemic year of 2020 at or near record highs with the Dow and SP500 ending all time highs, the Nasdaq closes out the year just below its all time high and sees its a nearly 44 percent gain for the year, its best annual gain since 2009. Gold and silver posted double digit gains for the year as the dollar sank to a 2 1/2 year low against other major currencies. Bitcoin hit a record high above $29,000. Oil wrapped up the year at $48.52/barrel...

Santa shows up on Wall Street on Christmas eve as stocks end the holiday shortened week slightly higher. Drama continues to play out in Washington over the pandemic economic rescue package and the amount of the direct stimulus checks to individuals. A vote is now set for Monday in congress on increasing the amount from $600 to $2000. The holiday shopping season, the business outlook, retail trends and philanthropy discussed with Los Angeles business and civic leader Rick Caruso, CEO, Caruso,...

Mottek On Money Special Edition covering Wall Street and Main Street during the coronavirus crisis: The holiday season, economy, consumers, pandemic, retail trends, education, philanthropy and the outlook for 2021 discussed with master entrepreneur Rick Caruso, CEO, Caruso, Los Angeles business innovator, civic leader and philanthropist, developer of the most successful outdoor shopping destinations in Southern California including The Grove, www.thegrovela.com  Americana at Brand, Commons at...

Mottek On Money Special Edition covering Wall Street and Main Street during the coronavirus crisis: Stocks post a mixed finish with the Nasdaq ending the day at a record high. The Dow pulled back 200 points at the close. The financial markets digested the passage of a $900B economic rescue package in Washington, new alarming covid numbers, the latest consumer confidence reading hitting the lowest since May and Apple moving close to a record high on new buzz about a possible Apple car in the...

A record shattering week for stocks on the latest assurances from the Fed, the start of covid shots, the FDA approval of a second coronavirus vaccine for emergency use and work on another economic rescue package in Washington. Meanwhile, the coronavirus crisis continues with cases and deaths hitting new highs, business restrictions lead to a jump in jobless claims for the second week in a row and retail sales dipped last month at the start of the holiday season. The latest on the markets and...

Mottek On Money Special Edition covering Wall Street and Main Street during the coronavirus crisis: Stocks rally to record highs on signs a $900B pandemic rescue package is coming together in congress and could be approved by this weekend. An FDA advisory panel declares the covid vaccine made by drug company Moderna safe and effective. All this as covid cases and deaths continue to spike and the economic impact continues to be felt with unemployment lines getting longer this past week by more...

The FDA approves emergency use of the Pfizer/BioNTech covid vaccine for use in the U.S. as coronavirus cases and deaths continue to surge with the national death toll now approaching 300,000. Jobless claims hit a three month high as new business restrictions kick in. Meanwhile, no deal yet in Washington on a proposed $900B economic rescue package. Stocks pulled back after a record run up in a week which featured the Airbnb IPO, the biggest initial public stock offering of the year. Analysis...

Mottek On Money Special Edition covering Wall Street and Main Street during the coronavirus crisis: Stocks post a mixed finish on the latest weekly jobless claims moving up to a three month high on new business shutdowns in the face of a record rise in covid cases, stimulus talks continuing but still no deal in Washington and an FDA advisory committee meeting to approve emergency authorization of the Pfizer - BioNTech covid vaccine (which was given after the closing bell). Airbnb becomes the...

Mottek On Money Special Edition covering Wall Street and Main Street during the coronavirus crisis: Another record shattering day for stocks after a lower start on sluggish stimulus talks in Washington as covid numbers continue to spike to new highs. The latest vaccine news including the start of covid shots in the UK and expectations a covid shot will be approved within days in the U.S. turned the market higher. Tesla ended the day at a new high sending its market cap above $600B. Analysis...

Stocks wrap up the week at record highs as economic stimulus talks resume in Washington following a weaker than expected reading on hiring for the month of November in the face of an alarming rise in coronavirus cases. The latest news on covid vaccines remains encouraging. Analysis on the markets, economy, vaccines and entrepreneurs with Kevin O'Leary, a.k.a. Mr. Wonderful on TV's Shark Tank, Chairman of O'Shares ETFs and Beanstox. Top L.A. entrepreneurs are honored at the EY Entrepreneur of...

A record shattering Thanksgiving week for the stock market which saw the Dow soar above 30K for the first time in reaction to the latest coronavirus vaccine news, the start of the presidential transition in Washington and President Elect Biden's selection of former Fed Chair Janet Yellen for U.S. Treasury Secretary. New concerns for the main street economy in the face of rising covid case numbers. Unemployment claims rise for the second week in a row to 778K. Restaurant owners in Los Angeles...

Mottek On Money Special Edition covering Wall Street and Main Street during the coronavirus crisis: Stocks rally to record highs with the Dow blowing past 30,000 for the first time and closing at a record high above 30K. Investors continued to cheer the latest news on coronavirus vaccines in the face of rising covid cases along with the transition in Washington to President-Elect Joe Biden which is now officially underway. The latest news discussed with Art Hogan, Chief Economist, National...

Mottek on Money Special Edition covering Wall Street and Main Street in the coronavirus crisis: Tough times have hit the restaurant business in LA this holiday season. The state imposed a nearly statewide nighttime curfew from 10pm to 5am over the weekend. And now Los Angeles County has ordered all outdoor dining at restaurants across LA County shut down starting Wednesday, November 25th (the day before Thanksgiving) and no on-site dining (indoor or outdoor) will be permitted for at least...

Another week for the record books on Wall Street with the latest coronavirus vaccine news sending the Dow up to its first record high close since the vicious bear market sell off at the start of the pandemic. After closing just below 30K on Monday, stocks ended the volatile week mostly lower as alarming coronavirus case numbers prompted new business restrictions including a 10pm to 5am curfew in California at the start of Thanksgiving week. Many restaurant owners are outraged. The latest...

Mottek On Money Special Edition covering Wall Street and Main Street during the coronavirus crisis. Stocks end higher on new stimulus hopes after coming under pressure early in the session on alarming coronavirus cases numbers, jobless claims rising for the first time in five weeks and dire warnings from hotels and other industries. Existing home sales surge on record low mortgage rates. The Dow came in for a closing gain of 45 points. California Governor Gavin Newsom announces California is...

Mottek On Money Special Edition covering Wall Street and Main Street during the coronavirus crisis: After a vaccine fueled rally this month, stocks take a breather pulling back from the record highs achieved in the previous session. The Dow ended with a closing loss of 167 to 29,783. Retail sales ticked up for the fifth month in a row but came in a bit weaker than expected in October. Fed Chairman Jerome Powell told a business conference the surge in covid cases could slow the economy in the...

Stocks rally on optimism that a coronavirus vaccine will soon be available in the U.S. Covid cases meanwhile rise in all 50 states as authorities warn against having large holiday gatherings in hopes of slowing the spread of the out of control virus.  The SP500 ended the week at a record high. All of the other major averages touched record intraday highs early in the week. Analysis of the markets and the Main Street economy from Kevin O'Leary, a.k.a. Mr. Wonderful on TV's Shark Tank,...