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Tag: Business
Signature Bank Downgraded at Jefferies Due to Shrinking Crypto Business
Shrinking crypto deposits by $8 billion to $10 billion and replacing them with wholesale borrowings costing around 4.25% will drive a significant reset in net interest margin in the coming quarters, s...
Coinbase Institutional Business Thrives Despite Over 2000 Layoffs
Coinbase‘s custody business flourishes as the bear market causes it to lay off 950 staff as a cost-cutting measure. CEO Brian Armstrong announced that the exchange will reduce its headcount by a furth...
NY Business Examines Core Scientific Securities Fraud
A legal company located in New York has said that it has initiated an inquiry into whether or not Bitcoin miner Core Scientific and its leadership may have possibly participated in securities fraud an...
Energy Transfer is a very good stock
Nvidia Corp: “Nvidia is a terrific company but it sells at a very high price-to-earnings multiple. … We have pulled back a little bit [for the Charitable Trust].” Blackstone Minerals...
Bed Bath & Beyond lays off more employees as it struggles to survive
A “Store Closing” banner on a Bed Bath & Beyond store in Farmingdale, New York, on Friday, Jan. 6, 2023. Johnny Milano | Bloomberg | Getty Images Bed Bath & Beyond has begun its la...
Charts are ‘screaming’ that it’s not too late to buy homebuilder stocks, Jim Cramer says
CNBC’s Jim Cramer on Tuesday said that investors still have a chance to buy homebuilder stocks before a possible run-up. “The charts, as interpreted by Dan Fitzpatrick, suggest that weR...
Jim Cramer’s 5 rules for earnings season
CNBC’s Jim Cramer on Tuesday went over a list of do’s and don’ts for investors ahead of a busy period of earnings. The upcoming earnings season, which kicks off this week, features q...
Disney makes it easier for loyal customers to visit theme parks
Disney World celebrated its 50th anniversary in April 2022. Aaronp/bauer-griffin | Gc Images | Getty Images Disney is making some changes at its theme parks this year, prompted by feedback from guests...
Bed Bath & Beyond (BBBY) Q3 2023 earnings
A man is seen at a Bed Bath & Beyond store in New York, on Jan. 5, 2023. Ziyu Julian Zhu | Xinhua News Agency | Getty Images Bed Bath & Beyond on Tuesday posted wider quarterly losses than exp...
Virgin Orbit stock plummets after UK launch failure
Cosmic Girl, a Virgin Boeing 747-400 aircraft sits on the tarmac with Virgin Orbit’s LauncherOne rocket attached to the wing, ahead of the first UK launch tonight, at Spaceport Cornwall at Newqu...
Wells Fargo is scaling back its mortgage-lending business
Wells Fargo & Co (NYSE: WFC) just revealed plans of trimming its footprint in home lending. Moving forward, it will offer home loans only to existing customers and “minority” borrowers. Wells Farg...
Bernie Sanders urges Moderna not to hike vaccine price
Sen. Bernie Sanders on Tuesday urged Moderna not to quadruple the price of its Covid-19 vaccine once distribution of the shots moves to the commercial market. In a letter to Moderna CEO Stephane Bance...
Powell reiterates Fed is not going to become a ‘climate policymaker’
Chair of the Board of Governors of the Federal Reserve System Jerome H. Powell participates in a panel during a Central Bank Symposium at the Grand Hotel in Stockholm, Sweden, January 10, 2023. Claudi...
Maverick, Disney won 2022 box office crown
Tom Cruise in “Top Gun: Maverick” Source: Paramount “Top Gun: Maverick” was the highest grossing theatrical release in 2022, but its $719 million haul wasn’t enough to ma...
Capella Space raises $60 million from billionaire Thomas Tull’s fund
A satellite image taken at night on Nov. 14, 2022 of NASA’s Artemis I mission before launch from Cape Canaveral in Florida. Capella Space San Francisco-based satellite imagery specialist Capella...
Babies R Us to open new flagship store at American Dream in New Jersey
A shopping cart sits in the parking lot at a Babies “R” Us store on January 24, 2018 in Chicago, Illinois. Scott Olson | Getty Images Babies R Us is trying to make a comeback. The baby pr...
Rolls-Royce 2022 sales soar, CEO says no slowdown in spending by the rich
Rolls-Royce sold a record number of cars in 2022 as demand for its $500,000 vehicles remained strong, despite recession fears, according to CEO Torsten Muller-Otvos. “We haven’t seen any s...
I like WESCO very much
ADMA Biologics Inc: “It’s a great spec, but it is losing money hand over fist. I think it’s very binary. I can not like binary situations.” AT&T Inc: “T-Mobile is the...
Patients would pay up to $26,500 per year for Leqembi
Few seniors with early Alzheimer’s disease will have access to the new treatment Leqembi due to its high cost and very limited coverage by Medicare. The Food and Drug Administration on Friday gr...
Consumer confidence in housing rises as prices fall
Mortgage rates are still twice what they were a year ago, but home prices have been falling since June, and that’s finally making consumers feel better about what had been an overheated, highly ...
Blockchain Is Reshaping the Raffle Business
Raffle businesses represent a $366 billion-dollar industry, with experts estimating a compound annual growth rate (CAGR) of 3.10% from 2022 to 2028. Should their forecast prove correct, the industry m...
Jim Cramer warns not to ‘gamble’ on tech stocks despite recent gains
CNBC’s Jim Cramer told investors to continue staying away from tech stocks, even after their gains on Monday. “Just remember, if you were buying tech here off some weaker macroeconomic num...
The Earth’s ozone layer is slowly recovering, UN report finds
In this NASA false-color image, the blue and purple shows the hole in Earth’s protective ozone layer over Antarctica on Oct. 5, 2022. Earth’s protective ozone layer is slowly but noticeabl...
Bed Bath & Beyond, Coinbase, Virgin Orbit and more
Virgin Orbit’s LauncherOne rocket on display in Times Square, New York. CNBC | Michael Sheetz Check out the companies making the biggest moves midday: Virgin Orbit — The satellite launch service...
Used vehicle prices are falling but not enough to offset record highs
A salesman walks past used Toyota Motor vehicles at the Brent Brown Toyota dealership in Orem, Utah, on Monday, April 6, 2020. George Frey | Bloomberg via Getty Images DETROIT — Used vehicle prices ar...
What’s ahead in wake of bankruptcy warning
A pedestrian walks by a Bed Bath and Beyond store in San Francisco, California. Justin Sullivan | Getty Images When Bed Bath & Beyond leaders speak to investors Tuesday morning, they won’t s...
Disney CEO Bob Iger tells employees to return to the office four days a week
Bob Iger poses with Mickey Mouse attends Mickey’s 90th Spectacular at The Shrine Auditorium on October 6, 2018 in Los Angeles. Valerie Macon | AFP | Getty Images Disney CEO Bob Iger told hybrid ...
Biden declares emergency in California as more winter storms advance
U.S. President Joe Biden speaks during a cabinet meeting in the Cabinet Room of the White House January 5, 2023 in Washington, DC. Drew Angerer | Getty Images President Joe Biden on Monday declared an...
SEC fines McDonald’s ex-CEO Steve Easterbrook misled investors about his firing
Former McDonald’s CEO Stephen Easterbrook unveiling the company’s new corporate headquarters during a grand opening ceremony on June 4, 2018, in Chicago Scott Olson | Getty Images The Secu...
The ‘best job in America’ pays over $120,000 a year — and offers a low-stress, healthy work-life balance
We’ve had the great resignation, quiet quitting, resistance to going back to the office — and now? It turns out people are looking for happiness, stability, flexibility and a good salary. In 2023, in ...