Congress was fuming earlier today during a testimony by the chair of the Securities and Exchanges Commission (SEC) Gary Gensler dominated by crypto. At the very opening of the hearing, the Chairman of...
Category: Finance
Live Finance News Updates.
Bank of America plans 4,000 job cuts despite strong results
Bank of America on Tuesday announced plans to cut as many as 4,000 positions before the end of June even after it reported first-quarter profits that beat expectations. The job cuts represent 2 per ce...
DOGE price consolidate around $0.09276 as bulls aim for a breakout – Cryptopolitan
The Dogecoin price analysis is bullish for the day as the price has increased to $0.09276 in the last 24 hours. The bulls have managed to maintain their momentum in a steady manner and have made furth...
Twitter Tells Corporate Partners It’s Now X Corp. Amid Switch To ‘Everything App’
Topline Twitter informed business users Tuesday it is now conducting business as X Corp., confirming a transition previously indicated in court filings as the firm’s billionaire chief Elon Musk contin...
Carlotto, a Regional Italian Restaurant Opens in Manhattan
Carlotto offers housemade pastas from Italy’s most delicious regions Evan Sung A new restaurant in Manhattan’s Flatiron District will treat diners to a menu voyaging through Italy’s most celebra...
Russia’s Men’s Basketball Team Banned From 2024 Olympics
Topline The international governing body of basketball announced Tuesday it would not allow the Russian men’s basketball team to participate in upcoming Olympic qualifying tournaments, effectively blo...
Spruce Point targets Nuvei stock in its ‘strong sell’ report
Nuvei Corp (TSE: NVEI) is trading down on Tuesday after Spruce Point revealed a short position in the financial technology company. Nuvei was involved with FTX The short seller is primarily taking aim...
Circle Executive Asked To Join US Congressional Hearing on Stablecoin Payments
The chief strategy officer of US Dollar Coin (USDC) stablecoin issuer Circle is expected to testify during an upcoming US congressional hearing on stablecoin payments. According to a congressional mem...
Iowa May Loosen Teen Labor Laws—As States Rush To Change Laws Amid Worker Shortage
Topline The Iowa State Senate passed a law loosening working restrictions for minors Tuesday morning, the latest in a spate of legislation easing barriers for businesses to employ teens amid a tight l...
Dalvin Cook Decision Will Have Massive Ramifications For Vikings In 2023
Brilliant throughout his career with the Vikings, Dalvin Cook’s future in Minnesota is very much up … [+] in the air. (Photo by Stephen Maturen/Getty Images) Getty Images The Vikings are f...
Here’s What We Know—And Don’t Know—About Alabama Mass Shooting
Topline A mass shooting at a Sweet 16 birthday party in Dadeville, Alabama, left four people between the ages of 17 and 23 dead and more than 30 others injured Saturday night, but in the days since, o...
Taiwan Apple Supplier Yageo Unveils Latest Investment In Europe
Pedestrians cross a bridge near the archaeological museum in central Skopje in North Macedonia in … [+] 2018. The city is one of two in the country in which Taiwan electronics maker Yageo said o...
Stocks waver after BofA, Goldman Sachs earnings: Stock market news today
U.S. stocks wavered Tuesday amid another busy slate of earnings from companies such as Bank of America and Goldman Sachs. The S&P 500 (^GSPC) ticked up above the flatline, while the Dow Jones Indu...
Trump Releases Digital Trading Cards—Again—After First Batch Of NFTs Sells Out In One Day And Raises Eyebrows
Topline Former President Donald Trump announced Tuesday he is releasing a second round of superhero-style digital trading cards with cartoonish images of him at $99 apiece, as the 2024 GOP candidate l...
Boeing Stock Jumps on Good News About 737 MAX Production
Text size Boeing is expected to deliver about 430 737 MAX jets in 2023. Dreamstime Boeing CEO Dave Calhoun said 737 MAX production is going up and investors are happy about the comment. Calhoun said t...
White House claims China is plotting to weaken the US dollar – Cryptopolitan
In a recent statement, White House economist Jared Bernstein claimed that there is “some evidence” suggesting China aims to weaken the US dollar. According to Bernstein, China’s efforts are directed t...
Donald Trump releases latest ‘Trump Digital Trading Cards’ collection
Markets • April 18, 2023, 2:24PM EDT Donald Trump, fresh from his indictment by a New York grand jury, just dropped a second series of his NFT collection. The first digital trading cards were r...
Why Catalent Shares Are Falling Today
Life-sciences company Danaher Corporation (NYSE: DHR) is reportedly no longer considering a takeover of contract manufacturer Catalent Inc (NYSE: CTLT) after expressing interest in buying the company ...
Dow Jones Falls; Tesla Chief Musk Founds New AI Company, Offers 100 Million Shares In Private Sale
Dow Jones Industrial Average rose off the day’s lows and traded nearly flat at 1:30 p.m. ET on Tuesday. Dow stocks Salesforce (CRM), Boeing (BA), Apple (AAPL) all rose. JPMorgan (JPM) and Cisco ...
Ryan Reynolds bet on firm with FTX ties; short-seller says stock could tank
Canadian payments firm Nuvei announced yesterday actor and celebrity entrepreneur Ryan Reynolds had invested in the financial technology company, which provides services for gaming and crypto companie...
Tesla’s Earnings Will Move the Stock. Options Can Reduce the Risk.
Text size Tesla stock is likely to move 8% to 10%, up or down, following the earnings news, options prices imply. Justin Sullivan/Getty Images Earnings from Tesla—the next report is due on Wednesday—t...
T Stock: AT&T Earnings On Tap As Analysts Eye Wireless Growth, Free Cash Flow
Heading into AT&T‘s (T) earnings report due early Thursday, shares in the telecom giant have advanced 7% in 2023, better than 2022’s flat performance. Still, some institutional investo...
MDGL Stock Surges After Nabbing A Key Designation For Its Liver Drug
Madrigal Pharmaceuticals (MDGL) snagged a breakthrough therapy designation for its liver disease treatment on Tuesday and MDGL stock surged closer to a buy point. X The company also confirmed it’...
Anti-abortion group asks Supreme Court to keep pill restrictions
Anti-abortion demonstrators celebrate outside the United States Supreme Court as the court rules in the Dobbs v Women’s Health Organization abortion case, overturning the landmark Roe v Wade abo...
Nuvei Faces Short-Seller Report After Ryan Reynolds Investment
(Bloomberg) — Shares of Nuvei Corp. slipped, then recovered after short seller Spruce Point Capital Management published a negative report, on the heels of Hollywood actor Ryan Reynolds’ announc...
Boeing CEO says 737 Max production increases stand despite recent flaw
A Boeing 737 MAX 8 sits outside the hangar during a media tour of the Boeing 737 MAX at the Boeing plant in Renton, Washington. Matt Mcknight | Reuters Boeing‘s CEO Dave Calhoun said that a flaw...
‘We’re shocked by Nvidia’s pricing power on AI’
Nvidia’s (NVDA) stock popped on Tuesday after analysts at HSBC turned bullish on the chip maker, citing its position as an artificial intelligence leader. HSBC raised its rating on the stock to ...
Subprime Car Firm U.S. Auto Sales Temporarily Closes Dealerships
(Bloomberg) — U.S. Auto Sales, a car dealer that caters to consumers regardless of their credit history, has temporarily closed its dealerships as pressures in the auto market rapidly mount. Mos...
China reveals new details of Raytheon, Lockheed sanctions
TAIPEI, Taiwan (AP) — China revealed new details of sanctions it previously announced against two U.S. weapons manufacturers Tuesday, including a ban on Chinese companies doing business with them. Chi...
JNJ Stock: The Surprising Source Of Johnson & Johnson’s First-Quarter Beat
Johnson & Johnson (JNJ) beat first-quarter expectations Tuesday in part thanks to its Covid vaccine, but JNJ stock skidded after the open. X Although the company’s Covid shot has taken a bac...
Brookfield Defaults on $161 Million Office-Property Debt
(Bloomberg) — Brookfield Corp. funds have defaulted on a $161.4 million mortgage for a dozen office buildings, mostly around Washington, DC, as rising vacancies hit property values. Most Read fr...
Johnson & Johnson Q1 Beats Street View On Strong Performance Across All Segments, Lifts Guidance, Dividends
Johnson & Johnson (NYSE: JNJ) has reported Q1 FY23 adjusted earnings of $2.68 per share, up 0.4% Y/Y and beating the consensus of $2.51. Sales increased 5.6% to $24.75 billion, beating the consens...