A day after Raphael Warnock held onto his seat in Georgia’s Senate race, giving Democrats a 51-49 edge in the Senate, Democrats are hoping that momentum can quickly turn into a financial boost for par...
Tag: Business
Ciena, GameStop, Rent The Runway and others
Check out the companies making headlines before the bell: Ciena (CIEN) – The networking equipment maker’s stock surged 19.1% after a substantial top and bottom line beat in its latest quarter. C...
Bitcoin pioneer faces trial for tax evasion and unlicensed crypto business
A well-known Bitcoin pioneer and Libertarian activist Ian Freeman is currently facing an eight-count charge in the United States. The trial relates to tax evasion and operating an unlicensed money-tra...
Elizabeth Holmes’ Business Partner Sunny Balwani Sentenced To 13 Years In Prison
Topline Disgraced Theranos executive Ramesh “Sunny” Balwani was sentenced to 13 years in prison Wednesday over his role in helping founder and then-girlfriend Elizabeth Holmes mislead investors about ...
C3.ai Completes Switch to New Business Model, as Sales Meet Street Estimates
C3.ai stock is little changed after the enterprise artificial intelligence software company posted financial results for its fiscal second quarter ended Oct. 31 that were largely in line with guidance...
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...
Strategic Insights on Future Smart Parking Systems: Global Market to Reach $18 Billion By 2030 With IoT, Blockchain, and RFID Reshaping Business Models and Enhancing Management Solutions – ResearchAndMarkets.com
DUBLIN–(BUSINESS WIRE)–The “Strategic Insights on Future Smart Parking Systems” report has been added to ResearchAndMarkets.com’s offering. This study offers strategic insights into the technologies a...
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...
Carvana shares tank as bankruptcy concerns grow for used car retailer
Ernest Garcia III, CEO of Carvana, speaks to CNBC on the floor of the New York Stock Exchange, March 7, 2019. Brendan McDermid | Reuters Shares of Carvana plummeted by more than 40% in Wednesday morni...
Wells Fargo, BofA CEOs say consumer demand is cooling, recession looms
Many shoppers say they plan to spend less this Black Friday as the cost-of-living crisis bites. Richard Baker | In Pictures | Getty Images American consumers are tapping the brakes on spending as the ...
FDA to decide on Pfizer vaccine for older adults by May 2023
The Food and Drug Administration is expected to decide by spring whether to approve Pfizer’s vaccine to prevent respiratory syncytial virus, or RSV, in adults ages 60 and older. Pfizer, in a sta...
McDonald’s hopes discounts, contests boost mobile sales
Sopa Images | Lightrocket | Getty Images Last holiday season, McDonald’s leaned on singer Mariah Carey’s starpower and discounts to drive customers to their mobile app. This year, the Chic...
BNP Paribas studied 100 years of market crashes — here’s what it says is coming next
Oops. Stocks fell through a key support on Tuesday and it looks like some recent momentum has now petered out. The new line in the sand for the S&P 500 SPX, -1.44% seems to be 3,900. Whether Santa...
Southwest reinstates dividend after three years as travel rebounds
OntheRunPhoto | iStock Editorial | Getty Images Southwest Airlines is reinstating its quarterly dividend that it suspended at the start of the Covid-19 pandemic in 2020, the latest sign of the airline...
Campbell Soup, Pinterest, Toll Brothers and others
Check out the companies making headlines before the bell: Campbell Soup (CPB) – Campbell Soup beat estimates by 14 cents with adjusted quarterly earnings of $1.02 per share. Revenue also beat consensu...
If you’re over 72 with an IRA, make sure you do this before the year ends
If you’re 72 or older, you have a crucial financial deadline approaching. By year-end, owners of individual retirement accounts (IRAs) who are 72 or older must take their required minimum distribution...
Energy partnership between U.S., Britain aims to ramp up LNG supplies
Rishi Sunak and Joe Biden photographed on the sidelines of the G20 Summit in Indonesia on Nov. 16, 2022. Saul Loeb | AFP | Getty Images LONDON — The U.K. and U.S. are forming a new energy partnership ...
I like Advanced Micro Devices over Micron
Nu Holdings Ltd: “I’ve got U.S. financials, which until last Friday were just coming in with a head of steam. And I still like them and I would be a buyer of them, not that.” SGHC Li...
Trump Organization, owned by Donald Trump, convicted in tax fraud case
Two subsidiaries of the Trump Organization were convicted Tuesday by a jury in New York City of multiple crimes, including tax fraud, falsifying business records and conspiracy. The guilty verdicts on...
Charts suggest the market is in for a ‘bumpy ride,’ Jim Cramer says
CNBC’s Jim Cramer on Tuesday warned investors that the market’s volatility will likely continue as its recent run loses steam. “The charts, as interpreted by Jessica Inskip, suggest ...
Jim Cramer says he expects ‘many layoffs’ at companies after Christmas
CNBC’s Jim Cramer on Tuesday predicted that more companies will trim their workforces after the holiday season. “I’m sure there’ll be many layoffs after Christmas. I don’...
Omicron boosters weaker against BQ.1.1 subvariant
A staff member draws up a syringe with the Comirnaty vaccine from Biontech and Pfizer adapted to the Omicron-BA.1 variant at the Mainz vaccination center. Sebastian Christoph Gollnow | dpa | Picture A...
Congress asks Live Nation for answers
Taylor Swift accepts an award onstage during the MTV Europe Music Awards 2022 held at PSD Bank Dome on November 13, 2022 in Duesseldorf, Germany. Jeff Kravitz | Filmmagic | Getty Images Lawmakers have...
Paramount shares fall as CEO lowers ad revenue forecast
In this photo illustration, the Paramount Global logo is displayed on a smartphone screen. Rafael Henrique | SOPA Images | Lightrocket | Getty Images Shares of Paramount Global fell about 7% Tuesday a...
BuzzFeed to cut 12% of its workforce
The BuzzFeed website on a smartphone arranged in Hastings-on-Hudson, New York, on Monday, Dec. 6, 2021. Tiffany Hagler-Geard | Bloomberg | Getty Images BuzzFeed on Tuesday announced plans to cut its w...
Fanatics valuation hits $31 billion after $700 million investment round
Fanatics CEO and co-chair Michael Rubin Shareif Ziyadat | Filmmagic | Getty Images Michael Rubin’s sports platform company Fanatics has raised $700 million in fresh capital, pushing its value to...
Walmart CEO says shoplifting could lead to price jumps, store closures
Walmart stores across the U.S. are grappling with an uptick in shoplifting that could lead to higher prices and closed stores if the problem persists, Walmart CEO Doug McMillon said Tuesday. “T...
Fed may wreck one of greatest booms in history of Main Street America
The Census Bureau reported almost 433,000 new business applications in October, up from 313,000 in December 2019, before the Covid pandemic began, and 413,000 as recently as June. Mint Images | Mint I...
Can you still retire on $1 million? That’s what today’s millionaires want to know.
OK, so a million dollars isn’t what it used to be. That’s the worry among a surprising number of America’s millionaires. So, at least, reports money-management giant Natixis, which owns bond shop Loom...