Pictured here is a science-fiction themed installation at the Maison Hermes in Shanghai, China, on Nov. 28, 2022. Future Publishing | Future Publishing | Getty Images BEIJING — Wealthier Chinese were ...
Category: Finance
Live Finance News Updates.
Carvana Shares Crash To All-Time Low—Here’s How Its 99% Drop Compares To Other Pandemic Darling Stocks
Topline Carvana shares plummeted 41% Wednesday to $3.95, down 99% from its all-time high of $370 just 16 months ago, the latest drastic indication of investors abandoning assets that skyrocketed durin...
Is Apple A Value Or Growth Stock?
While 2022 is marked with red ink for the majority of stocks, it’s been a good year for those of the Value persuasion, relatively speaking. Indeed, as of 12.07.22. the Russell 3000 Value index had a n...
Costco earnings arrive as consumers slow down slightly
Investors are closely watching Yahoo Finance Company of the Year Costco as it is set to report its fiscal first-quarter earnings Thursday after the market close. Costco is coming off cooling sales in ...
Pro-fintech Republican McHenry officially named next House Financial Services chair
Rep. Patrick McHenry, R-N.C., has been named the next chair of the House Financial Services Committee. The House Republican Steering Committee, which determines committee leadership positions, m...
RXDX Stock Skyrockets On Promising Results In Irritable Bowel Disease
Prometheus Biosciences (RXDX) reported promising results for one of its drugs in two inflammatory disease studies on Wednesday, and RXDX stock catapulted by triple digits. X The company studied its dr...
The Contract Won’t End Well, But The Yankees Had To Sign Aaron Judge
Major League Baseball player Aaron Judge walks with his wife on the sideline before an NFL football … [+] game between the Tampa Bay Buccaneers and the New Orleans Saints in Tampa, Fla., Monday,...
Amazon CEO, Putting Stamp on Company, Promotes Four Leaders
(Bloomberg) — Amazon.com Inc. Chief Executive Officer Andy Jassy has appointed four executives to senior roles as he continues to put his stamp on the world’s largest e-commerce company. Most Re...
Academy Sports + Outdoors Reports Third Quarter 2022 Results
Conroe Texas store Photo Courtesy company Courtesy Academy Sports There was a real air of confidence as management of Academy Sports + Outdoors spoke about the future of the company. Management had ju...
AMC’s APEs hit new low
AMC Entertainment Holdings Inc.’s AMC, -10.37% AMC Preferred Equity Units APE, -8.91%, or APEs, hit a new low of $0.82 on Wednesday. The stock was down 7.6% by mid-afternoon Wednesday, outpacing...
Kanye West’s Yeezy Brand Owes $600,000 In Unpaid State Taxes, Records Show
Topline Kanye West’s brand Yeezy Apparel owes California more than $600,000 in unpaid tax debt, according to state lien notices sent to the company in recent years, as West’s financial troubles deepen...
Is Lululemon Athletica eyeing a Santa Claus rally to the April highs?
With a monthly gain of 14.64%, Lululemon Athletica Inc. (NASDAQ:LULU) could be looking to end the year strong. The stock has lost by a similar margin in the last one year, with the recoveries giving h...
Exxon’s US Workers Get Inflation-Busting Pay Hike as Profit Hits Record
(Bloomberg) — Exxon Mobil Corp. is awarding US employees above-inflation pay increases just weeks after the Texas oil giant posted its highest quarterly profit, underlining how strong 2022 has b...
More Classified Records Found In Trump’s Florida Storage Unit, Reports Say
Topline A search team that former President Donald Trump’s attorneys were court-pressed to hire discovered at least two records marked “classified” at a storage unit the ex-president used in West Palm...
‘I’m looking in the short-term for downside’
GameStop Corp (NYSE: GME) is trading slightly up in extended trading even though it reported its seventh consecutive quarterly loss after the bell. What to expect from the GameStop stock Versus its ye...
Carvana, the Amazon of Used Cars, Is Collapsing
Carvana, the Amazon of used cars, on Wednesday is having one of its worst days on Wall Street. Carvana shares fell more than 36% to $4.27 as doubts about the company’s ability to meet its paymen...
Supreme Court Questions GOP-Led Case That Could Upend U.S. Elections
Topline The Supreme Court wrestled Wednesday over the question of whether state legislatures should have unfettered power to determine election rules, with even some conservative justices signaling th...
Vietnamese Tesla Rival Announces Plans to Go Public
VinFast, the Vietnam-based electric-vehicle maker, is shifting into high gear. The company on Dec. 7 said it had filed for an initial public offering with the U.S. Securities and Exchange Commission. ...
FTX Reportedly Pursued $100 Million To Sponsor Taylor Swift’s Tour
Topline Sam Bankman-Fried’s crypto exchange FTX reached “late stages” of negotiating a $100 million sponsorship deal with Taylor Swift before they ended last spring, according to the Financial Times. ...
Marathon shares fall 7% after November operational update
Almost all of the bitcoin mining stocks tracked by The Block traded lower on Wednesday, and three firms saw double-digit declines. Bitcoin was trading at around $16,800 by market close, accordin...
Dear Tax Guy: Our accountant charged us $486 for a simple gift-tax return. Why on earth would it cost so much?
We gave our daughter money towards a down payment on a home and learned we had to file a gift tax return. Our accountant charged us $486 for this. Why can’t you just add a form to your regular tax ret...
Under 20% Of Americans Approve Of Trump’s Dinner With Nick Fuentes, New Poll Finds
Topline Less than a quarter of Americans from both parties approve of former President Donald Trump’s dinner with white supremacist Nick Fuentes, according to a new YouGov/Yahoo survey that also found...
Which Billionaire Owns The Most Land In The U.S.? Hint, It’s Not Bill Gates
Earlier this year, in May, claims were made that Microsoft Corp co-founder Bill Gates owned the majority of America’s farmland. While that is false, with the billionaire amassing nearly 270,000 acres ...
Pattie Boyd’s Extraordinary Life Captured In New Photo Book
LONDON, ENGLAND – OCTOBER 18: Pattie Boyd attends the launch of her new book “Pattie Boyd: My Life … [+] In Pictures” at The Lower Third on October 18, 2022 in London, England....
Feds have contacted former FTX employees as part of investigation
Federal law enforcement is in touch with former FTX employees as part of a criminal investigation into the failed exchange and its sister hedge fund Alameda Research. Two former FTX employees h...
Anthony Scaramucci Calls Out Chamath Palihapitiya On FTX Warning Signs, ‘We Can Pretend Otherwise, But None Of Us Really Knew’
While speaking at Benzinga’s Future of Crypto event, investments in and by FTX were discussed as one of the biggest topics impacting the cryptocurrency sector. Kevin O’Leary was an investor in FTX and...
Morgan Stanley recommends avoiding Airbnb stock for 2023
Airbnb Inc (NASDAQ: ABNB) has had a rather challenging 2022 and unfortunately, next year is unlikely to be a good one either – that’s according to a Morgan Stanley analyst. Airbnb stock will continue ...
Josh Bell Will Add An Entirely New Dimension To The Cleveland Guardians
Flushing, N.Y.: San Diego Padres Josh Bell celebrates scoring in the 2nd inning of his game against … [+] the New York Mets at Citi Field on the evening of October 9, 2022. Today is game three o...
Comcast Customers Are Not Going to Like This
Cable companies like Comcast (CMCSA) – Get Free Report and Charter Communications (CHTR) – Get Free Report began their business lives as monopolies by contract. In exchange for building ou...
Other Pilots Want Multiple Contract Improvements. Jet Blue Pilots, Facing Merger, Just Want More Pay
JetBlue ALPA leaders met Wednesday at the New York Marriott Downtown. Chris Kenney is front row … [+] center. Wayne Scales is behind Kenney, to his left. JetBlue ALPA Nearly every U.S. pilot gro...