In this article BABA BABA Follow your favorite stocksCREATE FREE ACCOUNT Alibaba Cloud, the cloud computing subsidiary of Alibaba, unveiled its ChatGPT-style product Tongyi Qianwen during the 2023 Alibaba Cloud Summit on Tuesday morning. Bloomberg | Bloomberg | Getty Images Alibaba announced plans to spin off its cloud division as a separate, publicly-traded company, while the
Lorie K. Logan, the newly appointed Federal Reserve Bank of Dallas president and chief executive, is pictured in this undated handout image, obtained on May 11, 2022. Dallas Federal Reserve | via Reuters Dallas Federal Reserve President Lorie Logan said Thursday that the economic data points so far don’t justify skipping a rate increase at
Adrian Hallmark, CEO, Bentley Scott Mlyn | CNBC After a record-breaking year in 2022, Bentley Motors reported surging profits in the first quarter thanks in large part to car customization, CEO Adrian Hallmark said. Bentley reported its best-ever first quarter, with operating profits up 27% to 216 million euros, or about $232 million. Even more
Sen. Kirsten Gillibrand, D-N.Y., urges Congress to make child care affordable, pass paid leave, support care infrastructure, and raise the debt ceiling on May 17, 2023 in Washington, D.C. Paul Morigi | Getty Images Entertainment | Getty Images Many workers need to take leave at some point to address their own health needs or to
In this article DIS Follow your favorite stocksCREATE FREE ACCOUNT Cinderella Castle in Walt Disney World. Roberto Machado Noa | Lightrocket | Getty Images Disney has abandoned plans to open up a new employee campus in Lake Nona, Florida, amid rising tensions with the state’s governor. Citing “changing business conditions” and the return of CEO
In this article BBWI Follow your favorite stocksCREATE FREE ACCOUNT Bath & and Body Works entrance. Jeff Greenberg | Getty Images Bath and Body Works‘ stock jumped more than 10% in premarket trading Thursday after it beat fiscal first quarter earnings expectations and raised its guidance. While sales and net income fell year over year,
In this article BABA NVDA TTWO CINF PACW FDX Follow your favorite stocksCREATE FREE ACCOUNT A Walmart in Atlanta, Georgia, US, on Sunday, Feb. 19, 2023. Walmart Inc.’s profit forecast for this year fell short of analyst estimates, signaling more struggles for the worlds largest retailer after it was hammered by a surge in inventory.
In this article ABNB Follow your favorite stocksCREATE FREE ACCOUNT One of Airbnb’s most wish-listed properties in 2023 is on the market. The Joshua Tree, California-home is for sale at an asking price of $18 million, making it the most expensive home to ever hit the market in the town located about two hours southeast
The financial sector witnessed a rapid transformation over the past decade, with technology reshaping the processes of lending, wealth management and payments. The transformation also brought opportunities to invest. TipRanks recognizes Wall Street’s 10 best financial sector analysts for capturing the best investment opportunities. These analysts outperformed in their stock picking and earned significant returns
Most young investors claim they are going to invest more money in the stock market this year compared to 2022 but, in fact, many of them have been doing exactly the opposite. That’s according to Bankrate, which released a new survey Wednesday that found 53% of Gen Z and 43% of millennial investors said they
Prospective buyers attend an open house at a home for sale in Larchmont, New York, US, on Sunday, Jan. 22, 2023. Tiffany Hagler-Geard | Bloomberg | Getty Images Sales of previously owned homes fell 3.4% in April from March to a seasonally adjusted, annualized pace of 4.28 million units, according to the National Association of
In this article PFE SGEN Follow your favorite stocksCREATE FREE ACCOUNT A logo for Pfizer is displayed on a monitor on the floor at the New York Stock Exchange, July 29, 2019. Brendan McDermid | Reuters Pfizer plans to raise $31 billion through a debt offering to fund its proposed acquisition of cancer drugmaker Seagen,
In this article WMT Follow your favorite stocksCREATE FREE ACCOUNT A Walmart in Atlanta, Georgia, on Sunday, Feb. 19, 2023. Dustin Chambers | Bloomberg | Getty Images Walmart will report fiscal first-quarter earnings before the bell on Thursday, after Home Depot and Target said shoppers have pulled back on big-ticket items and discretionary purchases. Here’s
Tech stocks on display at the Nasdaq. Peter Kramer | CNBC The market’s affinity for Big Tech stocks this year is “shortsighted,” according to portfolio manager Freddie Lait, who said the next bull market phase will broaden out to other sectors offering greater value. Shares of America’s tech behemoths have been buoyant so far in
Patrick Schulte said he’s wanted to be a trader since he was 15 years old. He said he saw a clip of the New York Stock Exchange on the nightly news, and thought, “That’s what I’m going to do.” He learned the ropes close to home at the Minneapolis Grain Exchange, before moving to Chicago,
Lordhenrivoton | E+ | Getty Images Higher prices have made it difficult for Social Security beneficiaries to keep up, even with a record boost to benefits for 2023. An 8.7% cost-of-living adjustment, or COLA, put about $140 per month more in Social Security beneficiaries’ checks starting in January, according to estimates from the Social Security
Bankrupt rocket company Virgin Orbit received a $17 million “stalking horse” bid for its modified 747 carrier jet and other aircraft assets, as it continues to examine options during Chapter 11 court proceedings. Virgin Orbit agreed to the terms of the potential aircraft deal from aerospace venture Stratolaunch, which is developing the world’s largest airplane
In this article SNPS CSCO BOOT TTWO Follow your favorite stocksCREATE FREE ACCOUNT Check out the companies making headlines in extended trading. Take-Two Interactive Software — Shares jumped 8.1% Wednesday during after hours trading. The video game company reported $1.39 billion in adjusted revenue in the fiscal fourth quarter, topping analysts’ estimates of $1.34 billion,
Jayme Thornton | Tooga Productions | Getty Images The IRS is testing a system that would allow taxpayers to file federal tax returns for free online directly with the agency, with a pilot program launching for some filers next year. Known as Direct File, the pilot program will begin during the 2024 filing season, following
In this article TGT Follow your favorite stocksCREATE FREE ACCOUNT Locked up merchandise, to prevent theft in Target store, Queens, New York. Lindsey Nicholson | Universal Images Group | Getty Images Target said Wednesday that organized retail crime will fuel $500 million more in stolen and lost merchandise this year compared with a year ago.