Wall Street is in the red after a slew of early earnings and as Microsoft results await. That’s a day after soft-economic landing hopes fueled fresh 2023 highs for the S&P 500 SPX, -0.07% and Nasd...
Tag: Internet/Online Services
Small-cap companies are going after naked short sellers in growing numbers: ‘It’s the biggest risk to the health of today’s public markets’
A growing number of small-cap companies are announcing plans to go after naked short sellers, claiming their stocks are being artificially depressed by illegal trading activity. Verb Technology Co. In...
Verb Technology joins Genius Group and Helbiz in going after naked short sellers
Verb Technology Co. Inc. VERB, +76.69%, a provider of interactive video-based sales apps, has become the latest small-cap company to announce plans to address naked short selling of its stock, among s...
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...
IQiyi stock pulls back sharply after large ADS offering
Shares of iQiyi Inc. IQ, -16.44% plunged 17.2% in afternoon trading Tuesday, putting them on track for the biggest one-day drop in 10 months, after the China-based streaming-video company took advanta...
IRS says ‘Tax Day’ will be different this year — put these important tax dates on your calendar
It’s not too early to start thinking about your 2022 income-tax return, if you can bear the thought. That’s because the tax-filing season is scheduled to start on Monday, Jan. 23, the Internal Revenue...
Fed’s Powell won’t stop rate hikes until he ‘terrifies’ the wealthiest of investors, says this CIO
Investors are waking up to a whiff of positivity where stocks are concerned for Monday, after last week’s first gain in five that was prompted by weak wage growth Alongside a bleak Institute for Suppl...
FTC’s proposed ban on noncompete agreements could have biggest impact on tech industry
Ryan Morrissey is a serial founder of software companies, having already launched three separate startups. Yet when he sold one of those companies, he had to sign an agreement to not start any more fo...
6 value stock picks for 2023 from successful money managers
Following a down year for the stock market, there is no shortage of recession predictions for 2023, especially as the Federal Reserve has signaled it will continue to raise interest rates to fight inf...
This analyst who forecast a double-digit drop in stocks for 2022 now says Jeff Bezos may return to helm Amazon
If Tuesday was any indication of how the market will behave this year, then buckle up, it looks like it will be a wild one. The Dow Jones Industrial Average DJIA, -0.21% had a 537-point trading range,...
Democrats release six years of Trump’s tax returns, and CPAs have questions: ‘The personal tax return is just the tip of the iceberg.’
The nonpartisan committee’s findings also raised several red flags related to the filings, namely Trump’s carryover losses, loans to his children that may or may not also be considered taxable gifts, ...
The White House embraced debt forgiveness in 2022. Here’s what student-loan borrowers can expect in 2023.
This was the year the White House embraced the idea of mass student-loan forgiveness, but 2023 will likely be the year when borrowers will find out whether the policy will actually impact their wallet...
10 ways American finances actually improved in 2022, despite high interest rates and a slump in stocks
Many Americans are ending the year feeling gloomy about their finances, and you don’t need to be a psychiatrist to figure out why. Runaway inflation gnawed through household budgets as prices soared o...
IRS pauses rule requiring people to report PayPal, Venmo transactions over $600. Here’s what went wrong.
To avert taxpayer confusion in the upcoming tax season, the IRS is delaying a rule that would have required e-commerce sites and payment platforms like eBay EBAY, +0.12%, Etsy ETSY, -0.32% and PayPal ...
Earn extra money with a side gig—here are 6 good ones for retirees
If inflation and the gyrating stock market has you fretting over your financial security in retirement, you’re not alone. Fully 71% of boomers recently surveyed by Bankrate said they are behind on ret...
Visa, Mastercard are ‘great defensive names’ for 2023, but PayPal and Coinbase stocks could be set for a rebound, analysts say
Whether you’re looking to scoop up some beaten-down bargains or trying to play it safe, analysts see potential in the payments sector heading into the new year. With a potential recession on many inve...
New tax rule for eBay and Venmo will cause ‘significant confusion,’ CPAs say
As Congress concludes 2022 with a sprint to pass laws and a spending deal, tax accountants are joining a chorus of e-commerce companies and pay platforms who say a revamped tax form is about to cause ...
My mom spent $90K on bitcoin and gifts in a romance scam. Can the tax code help her?
My mom went into debt to buy bitcoin for a scammer because she thought she was in a romantic relationship with him. She also racked up credit-card debt to mail computers and gift cards to the scammer....
Art Basel ATM begs the question: Why would you keep $9 million in a bank account?
This ATM is spitting out social commentary along with cold, hard cash. An installation by the Brooklyn art collective MSCHF stole the show at this year’s Art Basel Miami. The art piece, dubbed “ATM Le...
Nio, Alibaba, Bilibili among China stocks set for another rally as Covid controls ease
U.S.-listed shares of Chinese internet and electric-vehicle stocks are enjoying a sharp rally yet again in premarket trading Monday amid reports that officials in the country were easing pandemic rest...
Buy Zillow stock now to profit from ‘brighter environment’ next year, UBS says
Investors should buy Zillow Group Inc. now, UBS says, even if they have to wait a year before the U.S. housing market starts improving. Analyst Lloyd Walmsley initiated research coverage of the online...
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 ...