“It’s like being robbed in a library, but you can’t shout ‘Thief!’ because there are ‘Silence, please’ signs everywhere.” That’s how Roger Hamilton, chief executive of Genius Group Ltd. GNS, +55.02%, ...
Tag: Corporate/Industrial News
Trump and lawyer Habba fined $1 million over ‘frivolous’ suit against Hillary Clinton
NEW YORK (AP) — A Florida judge sanctioned former President Donald Trump and one of his attorneys, ordering them to pay nearly $1 million for filing what he said was a bogus lawsuit against Trump’s 20...
What’s ahead for Verizon? After a dismal 2022, it’s time to hear the turnaround plan.
Verizon Communications Inc.’s fourth-quarter results aren’t a big mystery, but the company’s path forward comes with plenty of question marks. Chief Executive Hans Vestberg already disclosed that Veri...
House prices slumped by 10% in San Francisco, Redfin says — and prices are also falling in these cities
Even as mortgage rates come off of recent highs, buyer demand remains constrained. And that’s affecting home-list prices, according to a new report. The report by Redfin RDFN, +8.45%, which tracked ho...
Genius Group stock up another 52% in premarket trade Friday in heavy volume
Genius Group Ltd. stock GNS, +91.00% rallied another 52% in premarket trade Friday, extending its prior-day gains after the Singapore-based education company announced it had appointed a former F.B.I....
Should you add $30,000 to your retirement with an after-tax auto Roth conversion?
If you are saving up to the employee limit in your workplace retirement accounts and looking to add more, you’ll be glad to hear that employers are making it easier than ever to make extra after-tax c...
No more ‘special awards’ for JPMorgan CEO Jamie Dimon, board decides
JPMorgan Chase & Co.’s board heeded an outcry from shareholders about Chairman and Chief Executive Jamie Dimon’s compensation, which in the past has included more than $50 million in “special awar...
Ericsson warns on near-term outlook as profit disappoints
STOCKHOLM–Ericsson AB on Friday posted lower-than-expected fourth-quarter net profit and cautioned that the near-term outlook is uncertain, with operators holding off placing new orders as they rebala...
Party City Files for Bankruptcy. Why the Party Won’t Stop for Other Retailers.
Party City ‘s decadeslong jamboree is coming to an end, now that the retailer has filed for bankruptcy protection following years of weak financial results. The company said it filed for voluntary cha...
Netflix Stock Surges on Subscriber Beat
Netflix posted better-than-expected subscriber growth in the fourth quarter, adding 7.66 million net new subscribers, well ahead of the 4.5 million the company had projected. The company also announce...
‘I have $30,000 in my savings account’: I’m 56, unemployed and single. I invented products that will cost $20,000 to bring to market. Should I do it?
Dear Quentin, I am a 56-year-old divorced woman who has raised four children as a single parent. I made the decision at a young age to give birth to all of my children, and I was the sole provider for...
CureVac Stock Just Got Upgraded. It’s Now a Competitor in mRNA Vaccines.
CureVac is ready to compete in the big leagues with its vaccines, according to a UBS analyst who says the soaring stock has more room to rise. UBS analyst Eliana Merle upgraded the shares (ticker: CVA...
‘Bitcoin is a hyped-up fraud, it’s a pet rock’: says JP Morgan CEO Jamie Dimon
““Bitcoin itself is a hyped-up fraud, it’s a pet rock.”” — Jamie Dimon, JP Morgan Chase CEO In an interview on Thursday morning on CNBC, billionaire Jamie Dimon, Chairman and chief executive of JP Mor...
The Window to Capture a $7,500 Electric-Vehicle Tax Credit May Be Closing. How to Snag It.
Americans are flocking to electric vehicles, pushing sales up 127% over the past two years. To sweeten the deal, the federal government is offering a tax credit of up to $7,500 for EVs and other “clea...
One of Wall Street’s biggest bulls last year says he’s learned his lesson and isn’t chasing stocks right now
The young new year has been all about reversion to the mean. Take the ARK Innovation ETF ARKK, -2.94% — Cathie Wood’s flagship fund of mostly unprofitable tech companies has stormed 19% higher in 2023...
Aerospace Stocks Are Wall Street Favorites. 1 Analyst Sees a Risk Though.
Aerospace stocks are hot on Wall Street, pushed by analysts who expect the demand in global air travel to keep growing. There is a very real risk to the sector’s rosy year, though—rising interest rate...
P&G earnings: Sales are set to fall for the first time in 5 years as higher prices take a toll
Procter & Gamble Co. can be expected to beat expectations, as it usually does, when it reports fiscal second-quarter earnings later this week, but investors can assume that continued price increas...
Discover results beat, but signs grow that customers are falling behind; company declares dividends
Discover Financial Services DFS, -2.91% on Wednesday signaled it was bracing for more soured credit and more signs that consumers were falling behind on payments, despite reporting fourth-quarter resu...
Here’s why Citigroup’s stock stands out among the biggest U.S. banks
The “big six” U.S. banks have all reported their fourth-quarter results, wrapping up a difficult 2022, when soaring interest rates forced a decline in several areas of business. Citigroup Inc. C, -1.7...
PayPal’s ‘baggage’ sparks downgrade of its stock
The financial-technology category is “better positioned” than many other pockets of tech to post a strong 2023, according to an analyst, but some names could fare better than others. As SMBC Nikko Sec...
Dow drops over 600 points, posts worst day of year after weak economic data, hawkish Fed remarks erase inflation cheer
U.S. stock indexes finished sharply lower on Wednesday, with both the Dow Jones Industrial Average and the S&P 500 index booking their worst day in over a month, after data on falling retail sales...
Get Ready, Tech Investors: Intel and Qualcomm Could Give Gloomy Outlooks
Citi Research predicts Intel and Qualcomm could provide disappointing guidance when they report their December quarter financial results. On Wednesday, analyst Christopher Danely reiterated his Neutra...
Vanguard expects municipal bond ‘renaissance’ as investors should ‘salivate’ at higher yields
Investors who allocated to municipal bonds with paltry yields at the beginning of last year should now “salivate” at the prospect of higher income following the rapid rise in interest rates in 2022, a...
Apple CEO Tim Cook asked for — and got — a major pay cut this year. Is there ever a time when some of us should accept one too? The answer is ‘yes.’
In an SEC filing, Apple announced that CEO Tim Cook will receive a big pay cut in 2023, and the filing noted that he requested the cut. mandel ngan/Agence France-Presse/Getty Images The new year is ba...
The 1980s was the blueprint for the upcoming disinflation cycle and these are the stocks for it, strategists say
Stocks logged a third-straight losing session on Thursday as investors continue to deal with a mixed bag of economic data. That followed Wednesday’s session and extremely weak industrial production th...