LAS VEGAS, NEVADA – JANUARY 08: A display highlights Mobileye’s autonomous driving technology at CES … [+] 2020 (Photo by Mario Tama/Getty Images) Getty Images Despite all of the tal...
Category: Finance
Live Finance News Updates.
American Airlines announces its fourth-quarter financials for 2021
American Airlines Group (NASDAQ: AAL) reported a $9.4 billion revenue in the fourth quarter of 2021. The net loss in the same quarter came to around $931 million, representing $1.44 per share. When ne...
Why the Nasdaq in correction territory may be a short-term buy signal
The Nasdaq Composite (^IXIC) finally slipped into correction territory Wednesday for the first time since March 2021 — prompting bearish headlines and warnings from pundits. But a Yahoo Finance analys...
Twitter begins rolling out access to NFT profile pictures
NFT profile pictures have begun to arrive on Twitter. Twitter Blue, the social media platform’s subscription service, rolled out the feature Thursday with a splashy introduction video and step-b...
GOP and Democratic governors reinstate Covid emergency orders to fight omicron surge
Ambulances outside University of Maryland St. Joseph Medical Center in Towson, Maryland, on Jan. 7, 2022. Karl Merton | Tribune News Service | Getty Images As Covid-19 cases surge across the nation, R...
Fed releases long-awaited study on a digital dollar, but doesn’t take a position yet on creating one
Federal Reserve Board Chairman Jerome Powell speaking at a re-nomination hearing of the Senate Banking, Housing and Urban Affairs Committee, on January 11, 2022, in Washington, DC. Pool / Getty The Fe...
Minnesota Vikings Have The Roster Quality To Find Top Head Coach, But Key Decision At QB Position Looms
Struggling in big games has been Kirk Cousins’ signature in his four years with the Vikings. (Photo … [+] by Ezra Shaw/Getty Images) Getty Images Just a few weeks ago, there was a common t...
Why The S&P 500 Is A Useless Benchmark For Actively Traded Funds
One of the most important elements of running or investing in a hedge fund or other actively traded fund is to establish a benchmark. Benchmarks enable fund managers to show how they are doing against...
TaskUS down 15% after Spruce Point Capital announces its investment opinion
TaskUs, Inc. (NASDAQ: TASK) plummets by 15% after Spruce Point Capital issues a detailed report outlining why it believes TaskUs’ shares face a long-term downside risk of between 24% to 50% or $17.80 ...
Peloton stock is crashing on reports it’s halting production of bikes and treadmills
The bad news flywheel continues to be spinning in warp speed at Peloton (PTON). Shares of Peloton crashed 22% to $26 on Thursday after a CNBC report that the struggling fitness company would temporar...
Federal Reserve publishes long-awaited central bank digital currency report
The US Fed’s long-awaited report on central bank digital currencies dropped Thursday afternoon. Framed as a discussion paper, the Fed notes in its introduction release that it “examines th...
Peloton to pause production of its Bikes, treadmills as demand wanes
Peloton is temporarily halting production of its connected fitness products as consumer demand wanes and the company looks to control costs, according to internal documents obtained by CNBC. Peloton p...
Travelers, American Airlines, Signet Jewelers and more
Check out the companies making headlines before the bell: Travelers (TRV) – The insurance company reported a quarterly profit of $5.20 per share, well above the $3.86 consensus estimate, with revenue ...
The CW Renews A Trio Of Alternative Series For 2022-23
Penn Jillette (L) and Teller of the comedy/magic team Penn & Teller appear at the Rio Hotel & Casino … [+] to celebrate the duo’s 35 years performing together March 3, 2009 in Las ...
Peloton—Pandemic Stock Darling—Reportedly Halts Production Of Fitness Products, Shares Plunge Nearly 20%
Topline Shares of Peloton—which surged during the pandemic as house-bound consumers grasped for ways to stay healthy—plunged nearly 20% on Thursday after reports that the company will temporarily halt...
Peloton’s stock skids, following report it will pause production of bikes, treadmills
Shares of Peloton Interactive PTON, -17.24% were sinking Thursday afternoon, trading below where it first listed, after a report said the exercise-equipment maker was temporarily pausing production of...
Digital Asset Banking: Traditional Allies
January 20, 2022, 1:52PM EST • 12 min read Quick Take Client demands push Wall Street investment banks to onboard new products to deliver cryptocurrency exposure BNY Mellon, Citi, J.P. Morgan, Morgan ...
1inch debuts on Avalanche and xDai Chain
TL;DR Breakdown: 1inch Network has launched on Avalanche and Gnosis Chain. In 2021, the protocol was also deployed on Optimistic Ethereum and Abritrum. With over one million users, the network records...
Coinbase Partners With Payments Giant Mastercard in NFT Initiative
Top US crypto exchange Coinbase is striking a partnership deal with payments giant Mastercard in preparations for a new non-fungible token (NFT) marketplace. The partnership comes following the exchan...
Ford Isn’t Tesla Yet And Shouldn’t Be Trading Like An Electric Vehicle Stock, This Firm Says
Topline It’s too early for investors to value and trade legacy automakers such as Ford like electric vehicle stocks, according to Jefferies analysts who recently downgraded shares of the company warni...
Union Pacific CEO: ‘strong pricing environment will continue in 2022’
Union Pacific Corp (NYSE: UNP) on Thursday reported better-than-expected results for its fiscal fourth quarter, resulting in a 3.0% increase in the stock price. Highlights from UNP’s Q4 earnings repor...
Apple stock has made a huge move higher — is it time to sell?
A top Wall Street analyst thinks Apple’s stock (AAPL) is at risk of an earnings day sell-off, which would ultimately be a buying opportunity. “Apple shares are up 19% since the October 4 ...
Decentraland: DAO-Governed Virtual Real Estate
January 20, 2022, 1:00PM EST • 13 min read Quick Take Decentraland’s value proposition is centered on social experience, as evidenced by the current progress of its metaverse, which includes art galle...
American Airlines London-bound flight turns back to Miami after passenger refuses to wear mask
An American Airlines Boeing 777-200 aircraft Nicolas Economou | NurPhoto | Getty Images American Airlines said a flight to London returned to Miami late Wednesday because a passenger refused to comply...
Marriott, Mastercard, Casper, Etsy and more
People walk in front of the entrance of the five-star Paris Marriott Hotel. Fred Dufour | AFP | Getty Images Check out the companies making headlines in midday trading. Marriott International — Shares...
Networks And Advertisers Are Looking To Replace Nielsen
For next months Winter Olympics, NBCU will be evaluating the audience data from iSpot.TV along with … [+] Nielsen. (Photo by Han Haidan/China News Service via Getty Images) China News Service vi...
‘premature’ to rate as EV maker
“Ford is back,” with a solid bottom line and balance sheet, but shares are approaching cyclical highs and it’s too early to rate the stock like an electric vehicle maker, warns one a...
Tom Cruise movie producers sign Axiom deal for space production studio
The Axiom space station, with the circular SEE-1 module attached, is seen in an artist’s rendition. Axiom Space The producers of Tom Cruise’s future space movie on Thursday announced plans...
White House Attempts Damage Control As Trump Seizes On Biden’s Comments About ‘Legit’ Elections
Topline White House press secretary Jen Psaki on Thursday attempted to walk back and clarify President Joe Biden’s remarks that he worries the 2022 midterm elections might not be “legit...