Locals wearing personal protective equipment (PPE) line up to enter a specialized hotel for medical observation and quarantine in Zhengzhou city on Nov. 1, 2022. Vcg | Visual China Group | Getty Images BEIJING — Chinese stocks rallied this week as investors hoped Beijing would soon relax its stringent Covid policy. The Shanghai composite gained
In this article AMD CRUS KAR HURN CHGG Follow your favorite stocksCREATE FREE ACCOUNT Lisa Su, CEO, AMD Scott Mlyn | CNBC It was a wild week for stocks, and investors still have plenty of data to weigh as they gauge which companies can emerge from the downturn as winners. The Federal Reserve raised interest
Halfpoint Images | Moment | Getty Images It’s open enrollment season, the time each year when millions of American workers and retirees must choose a health plan, whether new or existing. But picking health insurance can be a dizzying venture. Health plans have many moving parts — which may not come into focus at first
In this article FLTR-GB FOXA Follow your favorite stocksCREATE FREE ACCOUNT The FanDuel Inc. app. Andrew Harrer | Bloomberg | Getty Images Fox won the right to buy an 18.6% stake in sports betting company FanDuel Group from its parent company Flutter, but not at the valuation, according to a ruling Friday from a New
In this article TWLO Follow your favorite stocksCREATE FREE ACCOUNT Jeff Lawson, CEO, Twilio Scott Mlyn | CNBC Twilio shares closed down 34% on Friday, a day after the cloud communications software maker announced third-quarter results that gave a soft revenue outlook. Here’s how the company did: Loss: Loss of 27 cents per share, adjusted,
Sir Tim Berners-Lee, co-founder and chief technology of Inrupt, speaking at Web Summit 2022. Sam Barnes | Sportsfile via Getty Images LISBON, Portugal — The creator of the web isn’t sold on crypto visionaries’ plan for its future and says we should “ignore” it. Tim Berners-Lee, the British computer scientist credited with inventing the World
You’ve heard about the new IRS reporting thresholds for Form 1099-K that went into effect this year, but you may have some follow-up questions about how it applies to you. Let’s look at some common concerns we see from online sellers and how to handle some unique situations, like selling inherited items. You only owe
In this article RKLB Follow your favorite stocksCREATE FREE ACCOUNT Space company Rocket Lab called off its latest attempt at catching one of its Electron boosters with a helicopter, as the venture pursues reusability of its rockets. The company launched the “Catch Me If You Can” mission from its private facility in New Zealand on
In this article SQ Follow your favorite stocksCREATE FREE ACCOUNT Jack Dorsey creator, co-founder, and Chairman of Twitter and co-founder & CEO of Square arrives on stage at the Bitcoin 2021 Convention, a crypto-currency conference held at the Mana Convention Center in Wynwood on June 04, 2021 in Miami, Florida. Joe Raedle | Getty Images
In this article JPM .SPX Follow your favorite stocksCREATE FREE ACCOUNT Investors may want to consider JPMorgan’s Equity Premium Income Fund ETF in order to get more reliable gains in the current volatile market environment. According to the firm, the ETF uses S&P 500 options and proprietary data to generate monthly income for investors. The
In this article UAL AAL TSLA NFLX SHOP-CA LYFT Follow your favorite stocksCREATE FREE ACCOUNT Wanan Yossingkum | Istock | Getty Images The labor market is still strong, but layoffs are picking up. This year Peloton, Netflix, Shopify, Lyft, and, most recently, Twitter, all announced significant staff reductions. Meanwhile, executive outplacement firm Challenger, Gray &
In this article DKNG Follow your favorite stocksCREATE FREE ACCOUNT Omar Marques | LightRocket | Getty Images Shares of DraftKings closed down 28% on Friday after the sports betting company reported slower monthly customer growth in the third quarter that fell short of estimates. The company raised its revenue guidance for the year, however, after
In this article TEAM Follow your favorite stocksCREATE FREE ACCOUNT Scott Farquhar, co-founder and co-CEO of the software company Atlassian, speaks during a jobs and skills summit at Parliament House on September 1, 2022 in Canberra, Australia. The Australian government is bringing together political, business, union and community group leaders at Parliament House to address
In this article BRK.A Follow your favorite stocksCREATE FREE ACCOUNT Berkshire Hathaway Chairman and CEO Warren Buffett. Andrew Harnik | AP Berkshire Hathaway on Saturday posted a solid gain in operating profits during the third quarter despite rising recession fears, while Warren Buffett kept buying back his stock at a modest pace. The Omaha-based conglomerate’s
Collin Madden, founding partner of GEM Real Estate Partners, walks through empty office space in a building they own that is up for sale in the South Lake Union neighborhood in Seattle, Washington, May 14, 2021. Karen Ducey | Reuters A few things we know about corporate real estate: it’s a focus of cost-cutting for
In this article CCK Follow your favorite stocksCREATE FREE ACCOUNT Fotog | Tetra Images | Getty Images Company: Crown Holdings (CCK) Business: Crown Holdings is a worldwide leader in the design, manufacture and sale of packaging products for consumer goods and industrial products. They operate in three segments: Beverage, which accounts for roughly 70% of
Getty Images As Americans head to the polls, several key personal finance issues are weighing on voters’ minds and wallets. This week, the Federal Reserve enacted its fourth consecutive 0.75 percentage point interest rate increase to fight inflation, triggering further stock market losses. Meanwhile, recession fears are growing, with 84% of Americans worrying how a
Sean ‘Diddy’ Combs accepts the Lifetime Achievement Award onstage during the 2022 BET Awards at Microsoft Theater on June 26, 2022 in Los Angeles, California. Kevin Winter | Getty Images Entertainment | Getty Images Hip-hop mogul and businessman Sean “Diddy” Combs is venturing into the world of cannabis. Combs has agreed to acquire licensed cannabis operations
In this article PYPL Follow your favorite stocksCREATE FREE ACCOUNT The PayPal logo displayed on a smartphone screen with a stock market graphic in the background. Omar Marques | SOPA Images | LightRocket | Getty Images PayPal shares fell more than 5% in after-hours trading, despite beating earnings and revenue expectations for the third quarter,
Two Federal Reserve officials indicated Friday that they expect further interest rate increases but will be looking closely at whether those moves need to be as aggressive as they’ve been this year. Regional president Thomas Barkin of Richmond and Susan Collins separately said that the Fed is moving into a new phase that will be