Electric vehicles (EV) line up outside a Tesla dealership in Melbourne on April 19, 2023. William West | AFP | Getty Images Check out the companies making headlines after the bell. Tesla — Shares slid...
Category: Finance
Live Finance News Updates.
IBM Stock Climbs On First-Quarter Earnings Report
IBM (IBM) reported first-quarter results late Wednesday that topped earnings estimates but fell slightly short on revenue. IBM stock climbed on the news. The company reported adjusted earnings of $1.3...
Price cuts cause Tesla 1Q income, profit margins to fall
DETROIT (AP) — Price reductions across the model lineup cut into Tesla’s first-quarter net income, causing it to fall 24% from a year ago. The Austin, Texas, electric car and solar panel company...
LRCX Stock: Lam Research Disappoints With Outlook
Semiconductor equipment vendor Lam Research (LRCX) late Wednesday topped Wall Street’s targets for its fiscal third quarter but disappointed with its outlook for the current period. LRCX stock f...
Tesla Earnings Met Expectations. The Stock Is Dropping.
Tesla reported earnings after the market close on Wednesday. The electric-vehicle maker’s decision to slash prices impacted its profits. Saul Loeb/AFP via Getty Images Text size Tesla earnings met exp...
IBM Posts Mixed Quarter as Consulting Arm Faces Economic Pressure
IBM posted first-quarter revenue about in line with Wall Street estimates, while profits slightly topped expectations. The legacy tech giant provided a solid full-year outlook, while acknowledging som...
DOGE Price Prediction: Dogecoin Targets to hit $1 on Dogeday?
The DOGE community eagerly anticipates a potential “meme pump” on April 20. Dogecoin traders dubbed April 20th as “Dogeday” as the day is closely associated with the meme-coin. A popular crypto analys...
Generic Abortion Pill Manufacturer Sues FDA As Mifepristone Faces Supreme Court Battle
Topline The manufacturer of a generic version of the abortion drug mifepristone sued the Food and Drug Administration on Wednesday to prevent any new restrictions on the pill, ahead of a Supreme Court...
Sotheby’s to auction NFTs from 3AC collection
Sotheby’s has announced it will auction “an extraordinary digital art collection” in a GRAILS series set to begin in May and run throughout 2023. According to the auction house, the iconic collection ...
Debt ceiling drama is back and it’s coming for markets. Here’s what to know as a deadline looms.
Good morning, market watchers. I’m senior editor, Max Adams, standing in for Phil Rosen today. Earnings season continues apace, with a big week for first-quarter results rolling on. As of yester...
Tesla Beats Revenue Estimates—But Stock Still Drops After Earnings Report Released
Topline Shares of Tesla dipped in after-hours trading Wednesday following the release of first-quarter earnings topline numbers that were largely in line with Wall Street’s expectations, though the co...
Disney reportedly planning more layoffs next week
Disney (DIS) is reportedly planning thousands of job cuts next week, which will include slashing 15% of its entertainment division. According to Bloomberg, the cuts will impact several areas within th...
Goldman Sachs is offering savers a 10-month CD with a 5.05% APY—should you open an account?
Big banks and the Federal Reserve have faced an uphill battle in recent months amid major bank failures and red-hot inflation. Even so, there are some clear winners. Savers have benefited from record-...
‘It Has Taken A Village’ For Cusick Motorsports Indianapolis 500 Effort As CareKeepers Elevated To Primary Partner
IndyCar driver Stefan Wilson and the No. 24 Cusick Motorsports Dryer & Reinbold Chevrolet that will … [+] compete in the 107th Indianapolis 500 Cusick Motorsports Photo Former driver Anders ...
Warren Buffett dumped several banks after spotting red flags in their financials. Here’s what spooked him, and which stocks he sold.
Warren Buffett.REUTERS/Rick Wilking Warren Buffett sold his stakes in several banks after spotting red flags in their financials. The famed investor said their bosses were acting recklessly and mislea...
Amazon Stock Today: How This Diagonal Put Spread Trade Could Earn As Much As $185 By April 28
Amazon (AMZN) is slated to report earnings on April 27. It may be a good time to take advantage of some volatility skew around that event. For Amazon stock, the diagonal put spread strategy involves t...
TD Spots a Red Flag Not Seen Since 2007 Coming for the Corporate Bond Market
(Bloomberg) — Last month’s banking drama means a technical tidal wave may be coming for the biggest slice of the $10 trillion market for corporate bonds. Most Read from Bloomberg That’s accordin...
How Billionaires Like Jeff Bezos, Elon Musk and George Soros Pay Less Income Tax Than You – And How You Can Replicate The Strategy. It’s Legal
Most billionaires don’t get to where they are by earning a salary. And that also means they might pay less income tax than Americans who make a living through wages. According to a report from ProPubl...
Murdoch’s bill for settling Fox defamation lawsuits likely to exceed £1bn
Rupert Murdoch Fox News Dominion – AP Photo/Mary Altaffer Rupert Murdoch’s bill for settling defamation lawsuits against Fox News is likely to eclipse the £1bn paid out in the wake of the phone-...
Bed Bath & Beyond Stock Surges. Meme Traders Are Back.
Text size Bed Bath & Beyond stock has traded at a higher volume for the past three days. Joe Raedle/Getty Images Bed Bath & Beyond stock was on track for a three-day winning streak, with the s...
I Don’t Need Them ‘Dumped Into My Checking Account.’ What Can I Do With RMDs?
Susannah Snider, CFP I am approaching the time when I’ll take required minimum distributions (RMDs) from my individual retirement account (IRA). I am in a quandary about what I can do with this ...
GALA Price Prediction: New Token, New Price?
GALA is set to launch their new and improved (v2) tokens to their holders in the ratio of 1:1. Technical indicators favor an upside move. It is up by 12% in the GALA/ETH pair. GALA is one of the leadi...
Western Alliance stock surge lifts First Republic as regional banks rally
The stock of Western Alliance (WAL) surged roughly 24% Wednesday following an announcement that its deposits rose by $2 billion since the end of the first quarter, helping to lift First Republic (FRC)...
Tesla slashed prices for a sixth time this year to alleviate the loss of Biden’s EV tax credits
The Tesla RWD Model 3 will no longer qualify for the full $7,500 federal tax rebate. Tesla slashed US prices for some Model 3 and Model Y vehicles for the sixth time this year, according to its websit...
Kusama Price Prediction: Is KSM Ready to Strike $50?
Kusama price prediction suggests a strong upside trend in the future. KSM is trading above the 50 and 100 Daily Moving Averages. It is up by 0.37% in the BTC pair. Kusama is an experimental blockchain...
Supreme Court Extends Access To Abortion Pill Mifepristone Until Friday
Topline The Supreme Court extended a temporary stay Wednesday that will keep the abortion pill mifepristone on the market through at least Friday night, as the justices review a case seeking to signif...
Andrew Lester Pleads Not Guilty To Assault
Andrew Lester, the 84-year-old white man charged with shooting Ralph Yarl after the Black Kansas City teen mistakenly approached Lester’s home last week, has pleaded not guilty to felony charges Wedne...
Arrow McLaren Reveals Tony Kanaan’s Indianapolis 500 Sponsor, Car Livery
Tony Kanaan’s No. 66 Arrow McLaren Chevrolet in front of the team’s three cars for Felix Rosenqvist, … [+] Alexander Ross and Pato O’Ward that will compete in the 107th Indiana...
Oklahoma County Commissioner Resigns Over Leaked Racist And Threatening Remarks
Topline A county commissioner in rural Oklahoma resigned Wednesday after he and other officials were accused of making threatening and racist remarks at a commissioners’ meeting last month, multiple n...
On Ice And In The Judge’s Chair, Sarah Nurse Keeps Increasing The Visibility Of Women’s Hockey
SSarah Nurse scores against Igor Shesterkin of the New York Rangers during the 2023 NHL All-Star … [+] Skills Competition in Sunrise, Florida. (Photo by Brian Babineau/NHLI via Getty Images) NHL...
Fox-Smartmatic defamation case: What to know
People walk by the News Corporation headquarters, home to Fox News, on April 18, 2023 in New York City. Spencer Platt | Getty Images Fox Corp. and its TV networks agreed to pay $787.5 million to settl...
House Financial Services Committee Slams SEC’s to Digital Assets
The Committee wrote to SEC Chair Gary Gensler on March 18th. Bittrex exchange CEO and issuers allegedly evaded securities laws. Gensler: The crypto market lacks ‘regulatory compliance’ and not ‘regula...