“Given our expectations for growth in these new technologies, I think we’re going to see some spectacular returns.” That was the chief executive officer of ARK Invest, Cathie Wood, who gave an optimis...
Tag: Internet/Online Services
Coupang falls short of expectations for holiday quarter, but gives upbeat earnings outlook
Coupang Inc. fell short of earnings and revenue expectations with its fourth-quarter results Wednesday, though the South Korean e-commerce company forecast a slimmer-than-anticipated loss for the full...
FuboTV stock drops after earnings on mixed outlook
Shares of fuboTV Inc. were off 1% in after-hours trading Wednesday after the streaming company delivered revenue ahead of what it had been expecting when it delivered preliminary results a month earli...
Redfin stock tanks after forecast shows losses expanding as iBuying business grows
Redfin Corp. shares plunged more than 10% in after-hours trading Thursday, after executives predicted losses in the first quarter of 2022 would exceed full-year losses in 2021 as the company maintains...
Billionaire George Soros reveals stake in Rivian, sells some tech shares
Billionaire George Soros’ investment fund has taken a more than $1 billion stake in electric-pickup maker Rivian Automotive Inc. According to a filing with the Securities and Exchange Commission on Fr...
Amazon holiday earnings blow away expectations (thanks to Rivian), stock spikes
Amazon.com Inc. executives thought that supply-chain and staffing concerns could wipe away their holiday profit. They were wrong. Amazon AMZN, -7.81% reported fourth-quarter profit of $14.3 billion, o...
The ‘best job in America’ pays $145,000, has 14,000 job openings — and offers a generous work-life balance
A six-figure salary and the option to work from home? It sounds too good to be true. Job openings are rising, while workers continue to quit. The number of vacant jobs hit 10.9 million in December, up...
PayPal stock sinks after earnings as inflation, spending pressures weigh on outlook
PayPal Holdings Inc. largely matched expectations for its holiday quarter but shares plunged late Tuesday after the company delivered an earnings forecast that came up shy of expectations. Shares were...
Is Google’s ‘phenomenal’ fiscal run about to end?
A phenomenal fiscal year for Alphabet Inc. is about to close, and there are concerns that the future isn’t as rosy. Google’s parent company should expect “tricky waters to traverse in 2022” after it r...
The IRS will stop sending out one type of taxpayer notice to try to cut down on aggravation this tax season
Trying to minimize aggravation during a tax-filing season that could have plenty of challenges, the Internal Revenue Service said it is pausing one of its notices that could ferment taxpayer frustrati...
Fed rate hikes are coming — how to tackle your savings, mortgage, car payments and credit-card debt in advance
Wall Street investors and Washington D.C. lawmakers are closely listening to what Federal Reserve Chairman Jerome Powell says Wednesday about the central bank’s next steps in its fight against decades...
My mother-in-law left her $1 million life-insurance policy to my brother-in-law, but her will says she wants him to share it with my husband. What can we do?
Dear Quentin, My husband and I took care of my mother-in-law for eight years. Around five years ago we gave up the house we were renting to save her home because she could not afford it, and because s...