🚙 Bye, Bye Fisker?

Fisker's nearing bankruptcy, breaking down the hottest housing markets in the country and more

Happy Thursday, Zingers! Will the ‘bad news is good news’ trend continue this morning? PPI data is on the way, and if Tuesday was any indication the market may respond well to some slightly hot numbers.

But if the numbers are cool, that could also drive the market higher. Although, if the numbers are too hot, or too cool, we could run into trouble. We’re looking for porridge that’s just right. Who knew that Goldilocks and the Three Bears was about the stock market?

Before we dive in, want to bring in a little extra cash without picking up a second job? Check out today’s partner.

And, looking to learn more about private and public real estate investing? Subscribe to our weekly real estate newsletter delivered every Friday. All it takes is one click.

MARKET SNAPSHOT

Yesterday: Tech was weak for the majority of the day yesterday, with the Nasdaq Composite closing down .54%, but it was a mixed bag overall with the Dow Industrial Average closing up about .1%.

On Our Radar: Lots of data scheduled this morning after the quiet day yesterday. We will get PPI data, retail sales, and initial jobless claims all before the open. Let’s go Zingers!

TOP STORY
the office bankruptcy GIF

Basically: Fisker shares are falling after hours Wednesday following a Wall Street Journal report suggesting the company is preparing for a possible bankruptcy filing.

A Brief Recap: According to the report, Fisker is considering a potential bankruptcy filing and has hired restructuring advisers to assist. The auto company previously issued a going-concern warning and a 15% workforce reduction. It struggled to remain afloat amid worse-than-expected losses and over $1 billion in debt.

More Bad News: Two weeks ago, popular tech YouTuber Marques Brownlee reviewed Fisker’s Ocean SUV and dubbed it the worst car he has ever reviewed in a video. A Fisker spokesperson told Benzinga at the time the issues pointed out by Brownlee were confined to early-build vehicles and it is attempting to address the issues.

Quoted: “As adoption grows and the number of drivers and miles driven increases, our innovations are tested under a wider range of conditions that reveal ways we can improve," the spokesperson said.

PRESENTED BY FINANCE BUZZ

Feeling lazy but still want to earn some extra cash? We've done our research and found some unusual (but legit) ways that people can stack their bank accounts without having to leave their houses. Some will help you save. Others will help you pad your wallet right away.

If your bank account could use a boost but you don't want to start a second job, then these could be right for you.

FIVE ZINGERS

All Good In The $HOOD: Robinhood’s stock took off last night after hours after the brokerage released strong user numbers for February.

Good Timing: One congressman (no, not Nancy) bought NVIDIA stock right before the company reported earnings. Here’s how much he made.

Getting Spherical: Members of the Dogwifhat meme coin community have pooled nearly $1 million to advertise the coin on the Las Vegas Sphere.

Shut It Down: Dollar Tree reported earnings before the open yesterday and announced the company will close nearly 1,000 of its stores.

Hot Vs Not: Wondering how the housing market is doing in your area? Here are some of the hottest markets, vs some of the coldest. 

ONE FOR THE ROAD
conan obrien and the survey says GIF by Team Coco

Basically: Benzinga recently polled our followers on X, formerly known as Twitter, to see which ETFs might be investors' favorites.

The Results: While there are more than four Bitcoin ETFs, the poll was limited to the possible answers below. Here are the results:

iShares Bitcoin Trust: 44.3%
Grayscale Bitcoin Trust: 33.9%
ProShares Bitcoin Strategy ETF: 13%
Bitwise Bitcoin ETF: 8.7%

Winner, Winner: The iShares Bitcoin Trust from BlackRock Inc. won the poll with 44.3% of the vote. The ETF is the largest of the new Bitcoin ETFs, trailing only the Grayscale Bitcoin Trust (which had a head start) for assets under management.

Runner Up: The Grayscale Bitcoin Trust came in second place. This could show the strong brand recognition of the existing fund and association with the cryptocurrency, given potential higher fees for investors.

Click here to see the full results of the poll.

PRESENTED BY FINANCE BUZZ

There’s nothing to be ashamed of if you're living paycheck to paycheck or struggling to make ends meet.

But not all of us have the time or luxury of picking up another job to make extra cash. It's tiring to work so many hours for very little take-home pay.

Thankfully, there are a few ways that you can make some money (and save some too) by not getting a job. If you're struggling financially, here are 6 insanely easy things you can do right now that could help.