In this article FB Facebook shares tumbled more than 20% in extended trading on Wednesday after the company reported disappointing earnings and gave a weaker-than-expected forecast. Here are the results: Earnings per share: $3.67 vs $3.84 expected, according to a Refinitiv survey of analysts Revenue: $33.67 billion vs $33.4 billion expected, according to Refinitiv Facebook
Month: February 2022
U.S. stock futures fell Wednesday night, as traders pored through the latest batch of corporate earnings, which included disappointing numbers from tech giant Meta Platforms. Futures tied to the Nasdaq 100 dropped 2.3%, and S&P 500 futures slid 1%. Dow Jones Industrial Average futures slid 35 points, or 0.1%. Shares of Facebook-parent Meta Platforms plunged
Ferrari logo Dean Mouhtaropoulos Ferrari has a lot riding on its much anticipated and hotly debated SUV, called the Purosangue, to be unveiled later this year. Ferrari CEO Benedetto Vigna said the new SUV is “astonishing to drive.” “I’ve driven it several times in the hills of Maranello,” Vigna told analysts and reporters on an
In this article MSTR BTC.CM= Tighter government crypto regulations would actually be a positive catalyst for bitcoin, MicroStrategy co-founder and CEO Michael Saylor told CNBC on Wednesday. “Additional regulatory clarity from the [Biden] administration is going to benefit bitcoin and accelerate institutional adoption of that asset,” Saylor said on “Squawk on the Street,” stressing as
Tetra Images | Tetra images | Getty Images This tax season, millions of American families who received advance child tax credit payments are calculating what they got in order to submit their 2021 returns. Some may be worried that they were sent more money than they were owed in the monthly payments from July to
Robert Goulder of Tax Notes talks with Jenny Webster and her legal counsel, Filippo Noseda, about her lawsuit before the United Kingdom High Court challenging the Foreign Account Tax Compliance Act. This transcript has been edited for length and clarity. Robert Goulder: Hello, I’m Bob Goulder, a contributing editor with Tax Notes. Welcome to the January edition of In
Stories of property values increasing by 5,000% over the last fifty years are not uncommon in states like California—in 1970, the statewide average home price was $24,300 and is as of early this year just under $800,000. Nevertheless, it is still shocking to hear of price increases like that of a recently listed home in
In this article SEAS FUN SIX Guests ride the Bayside Skyride at SeaWorld on July 20, 2021 in San Diego, California. Daniel Knighton | Getty Images Entertainment | Getty Images Theme park experts aren’t surprised that SeaWorld is looking to acquire Cedar Fair, but the price might not be right, yet. The company’s bold proposal,
In this article GOOGL Google parent Alphabet reported better-than-expected fourth-quarter earnings and revenue. Shares popped more than 9% in extended trading. The company also announced a 20-for-1 stock split that will go into effect in July. Here are the key numbers: Earnings per share (EPS): $30.69 vs $27.34 expected, according to Refinitiv Revenue: $75.33 billion
In this article PYPL BSX CPRI The Google logo seen at the entrance to Google Cloud campus in Seattle. Toby Scott | SOPA Images | LightRocket | Getty Images Check out the companies making headlines in midday trading Wednesday. Alphabet – Shares of Alphabet popped 8.6% after the Google parent posted blowout quarterly results and
Job hunters have the upper hand in the current competitive job market, and Kevin O’Leary says they should make sure to take advantage. With employees quitting their jobs at record rates and employers competing to hold onto top talent, the “Money Court” judge and O’Shares ETFs chairman tells CNBC Make It that now is a
In this article LATGU FOUN A trader is comforted by a coworker as they work on the floor of the New York Stock Exchange (NYSE) on March 1, 2018 in New York City. Eduardo Munoz Alvarez / Getty Images (Click here to subscribe to the new Delivering Alpha newsletter.) The oversaturated SPAC market is continuing to get
A “PsychoKitty” NFT created by psychedelic artist Ugonzo displayed on a phone and a NFT logo displayed on a computer screen from a Crypto.com NFT marketplace. Justin Tallis | AFP | Getty Images It’s safe to say that we have all heard the term “NFT.” But what exactly are they and what are the pros
Photo by Rafa Elias | Moment | Getty Images Many victims of identity theft linked to unemployment fraud will learn of the crime this tax season. Such fraud — whereby organized crime rings and other thieves use stolen personal data to claim unemployment benefits in others’ names — has surged during the Covid-19 pandemic. Victims
Chelsea Kidd quit her job in 2021 to start SiteWell Solutions, a wellness consulting business focusing on remote workers. Source: Chelsea Kidd The “Great Resignation” has workers leaving their jobs in droves. Yet they aren’t all looking for a new company to work for — many have opted to go into business for themselves. In
The day is finally approaching. You’ve been saving and investing most of your life for this moment, but now you’re not so sure you’re really ready to retire. It’s a predicament faced by many employees that we work with. While retirement readiness has many non-financial components to it, here’s how you can know if you’re
Yesterday the IRS updated its Fact Sheet (FAQ) on the Child Tax Credit (CTC) and the Advance Child Tax Credit (ACTC) with additional information on reconciling the credit on 2021 tax returns. The IRS took this step after acknowledging that the letter (Letter 6419) it had been encouraging taxpayers to rely on to accurately reconcile
The bathroom is a very intimate place. In the very contradictory world of sexy technology countering the fear of hyper surveillance, the bathroom seems like the last and final place for the internet of things to hang its towel. So, it’s rare for homeowners to chat about what happens between the four walls of the
A healthcare worker administers a Covid-19 vaccine to a woman in Johannesburg, South Africa, December 04, 2021. Sumaya Hisham | Reuters Burundi, the Democratic Republic of Congo and Haiti are the least vaccinated countries in the world against Covid-19, data has shown. Just 0.05% of Burundi’s population has received at least one Covid vaccination dose,
In this article PYPL PayPal shares fell more than 17% after hours on Tuesday after reporting mixed results and Q1 guidance that fell below analyst estimates. Here are the key numbers: Earnings per share: $1.11 per share, ex-items vs. $1.12 per share expected, according to a Refinitiv survey of analysts Revenue: $6.92 billion vs. $6.87