Plaid became the latest U.S. tech startup to conduct a massive round of layoffs on Wednesday, just as Adobe reportedly started laying off its staff—as employers fear high inflation could slide the eco...
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Fintech firm Plaid lays off 260 employees
Plaid, a firm that connects banks and fintech firms, laid off about 260 employees as it grapples with the slowing economy. “The simple reality is that due to these macroeconomic changes, ...
Damn The Torpedoes, America’s Billionaire Investors Go Full Speed Ahead On China
China has been called “uninvestable,” but billionaires continue to bet on the “Chinese miracle.” GETTY IMAGES 2022 VCG Billionaire Ray Dalio has managed money for Chinese clien...
Coinbase’s Armstrong expects revenue to fall 50% or more, he tells Bloomberg
Coinbase CEO Brian Armstrong said the crypto exchange’s revenue this year will likely be cut in half or more from 2021’s sales number, blaming the state of the industry and shaken investor...
Carvana stock crashed another 45% on Wednesday: here’s why
Shares of Carvana Co (NYSE: CVNA) crashed as much as 45% this morning as growing concerns related to bankruptcy weighed on the stock price. Carvana stock could eventually be ‘worthless’ On Wednesday, ...
‘Yields last seen in 2009.’ Here’s what you should be earning on a savings account now, but probably aren’t
What savings accounts are paying Getty Images While the average savings account is still paying a mediocre rate (see below), some high-yield savings accounts are now paying more than they have in a de...
‘Wednesday’ Is Netflix’s Third Most-Watched English Show In Just Two Weeks, Aiming For #1
Wednesday Netflix Netflix may have its peaks and valleys, but 2022 is definitely a peak in many ways, at least in terms of how its series are performing. Netflix has stumbled upon another unlikely meg...
Venture Capitalist Kevin O’Leary Says He Plans To Recover Lost Funds From FTX Collapse After Full Investigation
Shark Tank star Kevin O’Leary says that he has plans to recover the funds he lost from collapsed crypto exchange FTX. In a new interview with Yahoo Finance, O’Leary says that FTX should undergo a full...
Cubs Step Up To Add Taillon Despite Booming Market, Broad Interest
NEW YORK, NY – JUNE 05: Pitcher Jameson Taillon #50 of the New York Yankees delivers a pitch against … [+] the Boston Red Sox during the first inning of a game at Yankee Stadium on June 5,...
Cathie Wood says the better historical parallel for the current high inflation environment is World War I, not the 1970s
Ark Invest CEO Cathie Wood says investors are looking at the wrong historical period in making comparisons with the current high inflation environment. “If you go back to the 19-teens, then the period...
Why Is Blockstream Raising Funds at Lower Valuation?
Earlier this year, Blockstream collaborated with two global giants for mining betterment. Since the last couple of months, the crypto market has been struggling hard, and whenever the market tries to...
Founder Jack Dorsey Urges Musk To Release ‘Everything Without Filter’
Topline Twitter’s co-founder and former CEO Jack Dorsey urged Elon Musk to release “without filter” Twitter’s internal communications about moderation decisions relating to a r...
HUMAN Protocol partners with Salk Institute on machine learning initiatives
Digital machine learning platform (ML) HUMAN Protocol has partnered with a nonprofit research institute, The Salk Institute for Biological Studies. The partnership seeks support for creating and impro...
I’ve Finally Retired! What Happens With My 401(k) Now?
After retirement you can start withdrawing the money you have accumulated over the years in your 401(k). However, a number of rules govern retirees’ 401(k) distributions. For instance, in most cases t...
Dogecoin Price Prediction: DOGE Price Stays Just Above 20 DMA, Buy or Deny?
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Portugal’s Outstanding Win Against Switzerland Marked The End Of Cristiano Ronaldo’s Leading Man Status
LUSAIL CITY, QATAR – DECEMBER 06: Cristiano Ronaldo (7) of Portugal gestures during the FIFA World … [+] Cup Qatar 2022 Round of 16 match between Portugal and Switzerland at Lusail Stadium...
Cathie Wood Warns Fed Has Made ‘Serious Mistake’ As Yield Curve Inversion Steepens—Here’s Why Some Experts Disagree
Topline High-profile stock picker Cathie Wood, the chief of asset manager Ark Invest, on Wednesday laid into the Federal Reserve’s aggressive plan to fight inflation, joining some experts in arg...
What to expect from homebuilder stocks in 2023?
“ITB” – the iShares U.S. Home Construction ETF has recovered about 20% since late October but the coming year is unlikely to be an exciting one for homebuilders, says Kenneth Leon of CFRA Research. He...
Elon Musk Says FTX’s Bankman-Fried Should Be in Jail
Sam Bankman-Fried, the founder of the bankrupt cryptocurrency exchange FTX, has been on a media tour since November 30 to try to rewrite the overnight implosion of his empire. According to him, every...
Carvana, MongoDB, TripAdvisor, Toll Brothers and more
A mascot of TripAdvisor is seen at its display at a trade fair. Axel Schmidt | Reuters Check out the companies making headlines in midday trading. Carvana — Shares of the online car dealership fell mo...
Jameson Taillon Joins Chicago Cubs, Strengthening Their Case For The NL Central
NEW YORK, NEW YORK – APRIL 11: Jameson Taillon #50 of the New York Yankees walks off the field … [+] after the first inning against the Toronto Blue Jays at Yankee Stadium on April 11, 202...
Attacks On TikTok Bring Surprising Upside For Snap
There is far too much hyperventilating about digital ads. Analysts, and investors seem to believe … [+] that online advertising has peaked. That’s not so. In the future, nearly all ads will be d...
CNBC’s Jim Cramer Warns XRP, Cardano, Dogecoin and Polygon Could Collapse, Says Not Too Late To Sell
CNBC host Jim Cramer thinks crypto investors should immediately unload their positions before prices drop even lower. The television personality says investors still have time to sell their holdings a...
Aaron Judge, Yankees Agree To Largest Free Agent Deal In MLB History
Topline The New York Yankees and star outfielder Aaron Judge agreed to terms on a record-breaking contract, several outlets reported Wednesday, a significantly larger payday than offered to Judge this...
Walmart Thefts Are On The Rise, But Your Portfolio Doesn’t Have To Take The Hit, Too
Getty Images Key takeaways Walmart CEO Dough McMillon reports that retail theft is rising at the chain’s U.S. stores The retailer may be forced to hike prices or close stores if the problem isn’t brou...
US Mortgage Rates Fall a Fourth Week, Longest Stretch Since 2019
(Bloomberg) — US mortgage rates fell for a fourth week in a row, the longest such stretch of declines since May 2019. Most Read from Bloomberg The contract rate on a 30-year fixed mortgage eased...