Pilots talk after exiting a Delta Airlines flight at the Ronald Reagan National Airport on July 22, 2020 in Arlington, Virginia. Michael A. McCoy | Getty Images Delta Air Lines is getting closer to a ...
Category: Finance
Live Finance News Updates.
Judge Tosses Out Georgia’s 6-Week Abortion Ban
Topline A judge reversed Georgia’s ban on abortions after six weeks of pregnancy Tuesday, ruling it was unconstitutional when it was signed into law in 2019, a blow to one GOP-led state’s push to ban ...
A Mutual Fund Tax Problem And How To Avoid It
This year, in a down market, you could wind up owing tax on putative appreciation. Here’s what to do about that. IRS agents question a mutual fund owner (Photo by Hulton Archive) Getty Images A whipsa...
FTX US had enough to repay all customers, Bankman-Fried tweets
Former FTX CEO Sam Bankank-Fried returned to his ongoing, mysterious Twitter thread with the following: a) Alameda had more assets than liabilities M2M (but not liquid!) b) Alameda had margin pos...
Netflix wins ‘double upgrade’ from a Bank of America analyst
Shares of Netflix Inc (NASDAQ: NFLX) have nearly doubled already from their year-to-date low but a Bank of America analyst says there’s more where that came from. Netflix shares have upside to $370 Th...
Lucid reveals lower-cost Air electric luxury sedans
Luxury electric vehicle maker Lucid Group on Tuesday revealed several new versions of its Air sedan – including its lowest-cost model yet. CEO Peter Rawlinson said in an interview with CNBC’s Ph...
‘No Justification’ For Salaries That Are ‘Too High’
Topline TCI Fund Management, the activist hedge fund helmed by U.K. billionaire Christopher Hohn, touted a massive stake in Google parent Alphabet on Tuesday as he called on the company to cut costs b...
SEC enforcements and remedies reached $6.4 billion last year
The Securities and Exchange Commission announced that penalties, as well as remedies to investors affected by criminal or civil wrongdoing, reached a total of $6.4 billion during the last federal fisc...
Should I invest in Plug Power shares after the current rally?
Plug Power Inc. (NASDAQ: PLUG) shares advanced more than 10% after the company reported third-quarter results last Tuesday. Revenue and earnings missed expectations Plug Power Inc. is an American comp...
FTX Founder Sam Bankman-Fried Says His Situation ‘Could Be Worse’ in Bizarre New York Times Interview
Bankrupt crypto exchange FTX’s founder Sam Bankman-Fried has given some updates following the collapse of his $32 billion company. In a new interview with The New York Times, the 30-year-old says he i...
Paramount shares rise after Buffett’s Berkshire Hathaway raises stake
In this photo illustration, the Paramount Global logo is displayed on a smartphone screen. Rafael Henrique | SOPA Images | Lightrocket | Getty Images Paramount Global‘s stock got a boost Tuesday...
Steve Jobs’ Old Birkenstocks From The 70s Sold For $218,750 At Auction
Topline A pair of Birkenstock sandals famously worn by late billionaire Steve Jobs for 20 years as he grew Apple into the tech giant it is today sold for $218,750 at auction, more than three times as ...
Home Depot (HD) earnings Q3 2022
A customer wearing a protective mask loads lumber onto a cart at a Home Depot store in Pleasanton, California, on Monday, Feb. 22, 2021. David Paul Morris | Bloomberg | Getty Images Home Depot reporte...
Goldman paid $12 million to settle sexism complaint, Bloomberg reports
Goldman Sachs logo displayed on a smartphone. Omar Marques | SOPA Images | LightRocket via Getty Images Goldman Sachs paid more than $12 million to a former female partner to settle claims that senior...
Here’s Why This Piet Mondrian Painting Sold For $51 Million—More Than 20 Times The Last Price It Fetched At Auction
Topline A rare painting by Dutch artist Piet Mondrian sold for $51 million at auction late Monday night, fetching more than 20 times what the piece sold for last time it went to auction 40 years ago a...
Housing Market Predictions For The Next 5 Years. What Return Can You Expect?
(Photo by Tim Boyle/Getty Images) Getty Images Key Takeaways The housing market is a hot topic right now, and after experiencing rapid growth over the pandemic years it looks to now be slowing down. E...
Activist investor pushes for cost cuts at Alphabet Inc
Alphabet Inc (NASDAQ: GOOGL) needs to get “aggressive” in cutting costs and maximising shareholder value, said TCI Fund Management on Tuesday in a letter to CEO Sundar Pichai. Alphabet should cut jobs...
Dogecoin Price Prediction: DOGE the Memecoin Continuously Breaking Stereotypes by Gaining Support!
Dogecoin price prediction suggests that the token is trading near the lower price range of the long term consolidation phase. DOGE crypto and Musk’s relation always proved the cryptocurrency’s success...
Puma Lost It’s CEO To Rival Adidas, Or Did Adidas Just Steal Him Back?
| Getty Images Key Takeaways Adidas has hired former Puma CEO Bjørn Gulden as its new chief executive officer. Adidas shares spiked more than 20% after rumors and eventual confirmation of the hiring. ...
UK property market at risk of major downturn as recession fears loom
Economists are predicting that soaring interest rates and falling prices will mark the end of the U.K.’s 13-year housing market boom, potentially leading to a house price crash. Matt Cardy | Getty Ima...
‘Screams Came From Everywhere’—Wisconsin Christmas Parade Massacre Victims Confront Darrell Brooks In Sentencing Trial
Topline Victims who were injured and had friends and family members die when Darrell Brooks drove his SUV through a Christmas parade in Waukesha, Wisconsin, last November, addressed him for the first ...
Breakthroughs In Whole Home Automation Technology
| Getty Images Key Takeaways The Matter protocol involves creating a more streamlined communication pathway for smart home devices. Many major players in the smart home device space are on board with ...
New York Fed and leading banks start regulated liability network pilot
Leading global banks kicked off a 12-week pilot together with the New York Federal Reserve. The project was first reported by The Block. The so-called regulated liability network will se...
Best Twitter threads of the day – November 15th
Will Gate.io go bankrupt? Will https://t.co/Q1M8T0O4yl be the next #FTX? 1.🧵 Here are some findings.👇 — Lookonchain (@lookonchain) November 15, 2022 2. Today on-chain sleuth @zachxbt tweeted tha...
Plug Power must get expenses under control
Rocket Pharmaceuticals Inc: “This is a very early stage company that has a lot in the pipe. I tend to like these companies. … If you get a bunch of them, I think you’re going to be f...
Walmart Offers $3.1 Billion To Settle Opioid Lawsuits—Joining Rival Retailers Accused Of Fueling Drug Crisis
Topline Walmart on Tuesday offered to pay $3.1 billion to settle claims it mishandled prescriptions for powerful painkillers, joining a growing list of companies striking billion dollar deals to end r...
Hong Kong Internet Stocks Gain On Biden Xi Meeting
China Last Night KraneShares Key News Asian equities had a good day as China and Hong Kong outperformed following President Biden and Xi’s positive get-together in Bali along with continued support fo...
TSMC stock jumped 13% on Tuesday: what happened?
Taiwan Semiconductor Manufacturing Co Ltd (NYSE: TSM) is up more than 10% this morning after a regulatory filing revealed legendary investor Warren Buffett to have built a sizable stake in the world’s...