Talk about a tax burden. The founder of a nationwide tax preparation chain has been sentenced to a year and a day in prison for running a tax refund advance scheme that fleeced customers with $70 mill...
Tag: industrial news
Alibaba Stock, JD.com, and Others Are Soaring. Here’s Why and Who to Thank.
Text size An Alibaba Group sign David Becker/Getty Images Chinese tech stocks are soaring. Many have been looking cheap of late, and soothing words from Federal Reserve Chair Jerome Powell only fueled...
Opinion: Citadel’s $1.15 billion cash infusion isn’t a bailout but the final test of Ken Griffin’s ‘Death Star’
When you add more than a billion dollars’ worth of liquidity to a market maker that already executed more than one of every four trades in the U.S. markets on a daily basis, while simultaneously givin...
These 14 bank stocks are in the best position to benefit from rising interest rates
What would you say if you were told about a company whose stock was trading much lower to expected earnings per share than the S&P 500 Index? At the same time, it’s also expected to increase EPS n...
AT&T Stock Can Close Gap With Verizon. Why Shares Might Be a Buy.
Text size A sign is posted in front of an AT&T retail store in San Rafael, California. Justin Sullivan/Getty Images AT&T could finally start catching up to its main rival, prompting analysts a...
Rivian Stock Drops on Hints of Vehicle Production Issues
Text size 2022 Rivian R1T Courtesy of Rivian Stock in electric truck startup Rivian Automotive was falling Tuesday because of two issues that impact the same key success factor for the company: vehicl...
Opinion: A 27-year-old truck driver just became Robinhood’s first big headache of 2022
Less than a week into the new year, a 27-year-old truck driver from Connecticut might have given Robinhood HOOD, -1.76% a whole new thing to be worried about in 2022. On January 6, an arbitrator for t...
Expect more than 4 rate increases in 2022, and a lot of market volatility, says JPMorgan’s Dimon: ‘If we’re lucky’ the Fed can engineer a “soft landing.”‘
JPMorgan Chase & Co. JPM, +0.10% CEO Jamie Dimon said the consumer remains in great shape in 2022 but also said volatility could be elevated in financial markets as the Federal Reserve aims to nav...
FuboTV Boosts Revenue Projections. But the Stock Is Falling.
Text size Rafael Henrique/Dreamstime.com FuboTV Monday boosted its fourth-quarter revenue guidance, saying it expects revenue of $215 million to $220 million, higher than previous estimates. The strea...
Tilray posts narrower loss as revenue rises
Tilray Inc. shares on Monday gained back some of their losses in recent weeks after the Canadian cannabis producer posted a narrow loss and played up its prospects for European and beverage expansion....
Zynga Stock Soars on Deal to Be Acquired by Take-Two for $12.7 Billion
Text size A bicyclist rides by the Zynga headquarters. Justin Sullivan/Getty Images Shares of mobile gaming services company Zynga were soaring in premarket trading following the news that it will be ...
PC Slowdown Sets a New Battleground for Chip Makers
Intel and Advanced Micro Devices have both benefited from the surge in PC sales over the pandemic, but growth is expected to flatline this year. Photo: Andrew Kelly/Reuters After a spectacular run, pe...
Supply-Chain Constraints Are Easing. 5 Stocks That Should Benefit.
Text size STR/AFP via Getty Images Global supply-chain constraints are beginning to ease, which will benefit a host of stocks. The surge in economic demand last year brought on by reopenings and econ...
Biogen’s Alzheimer’s Drug Aduhelm Has Another Shot at Success
Illustration by Elias Stein Text size Biogen ’s Alzheimer’s disease therapy, Aduhelm, has been a disappointment for the company since its Food and Drug Administration approval last spring, with early ...
AT&T Stock Has ‘Limited’ Downside as Bear Case Largely Played Out
Text size The AT&T logo is displayed on the shirt of an employee at an AT&T store. Andrew Harrer/Bloomberg Shares of AT&T were rising Friday after receiving an upgrade from Wells Fargo on ...
Nvidia Stock Has Many Positive Catalysts. Why It’s One to Watch.
Text size Courtesy of NVIDIA Nvidia is a stock to watch following the 2022 Consumer Electronics Show, with more catalysts to come, according to Citi analysts. Analyst Atif Malik added the chip maker t...
5 Companies That Began 2022 With Upbeat News on Dividends
Royalty Pharma, Life Storage, and Viatris, among other companies, rang in 2022 by announcing dividend increases this week. Royalty Pharma (ticker: RPRX) declared a quarterly dividend of 19 cents a sha...
These Two Fund Pros Think Dividend Stocks Are Primed to Prosper
For dividend investors who’ve been jarred by the pandemic, the new year brings a clean slate and hope for a brighter future. While many companies that cut their payouts early in the global health cris...
Opinion: Four reasons why value stocks are poised to outperform growth in 2022 — and 14 stocks to consider
Investing is all about being in tune with the trends. Here’s one to be aware of for 2022: Value stocks will most likely beat their growth counterparts. The trend is already under way. Consider: * The ...