NEWS ALERT February 3, 2022, 10:13 a.m. EST: Meta stock plunged 25% Thursday morning after the social media giant reported disappointing 2021 earnings and forecast revenue growth next quarter would fall short of analyst expectations. The company also reported its first-ever decline in daily active users on its Facebook app. Meta Platforms Inc. (FB), the
Month: February 2022
CEO Rafal Modrzewski inspects some of the company’s satellite hardware. ICEYE Finnish satellite-imagery venture ICEYE has raised $136 million in new funds, the company announced on Thursday, as it looks to add to its spacecraft fleet in orbit and further develop its product line in natural catastrophe detection. The latest round of venture capital fundraising,
To reach the old villa restaurant where we are to have lunch, my guest takes me along a beach fringing her childhood hometown. It is a stunning stretch of Albania’s Adriatic coast. It is also a trip down a dictatorial memory lane. Lea Ypi played here, just outside the port of Durrës, in the 1980s,
Hello from London, where the headlines have been dominated by an alleged wave of lockdown-busting parties at the heart of government. While the police work to ascertain the facts behind that scandal, others continue to work on a still more important puzzle: the question of how the UK will achieve its goal of reaching net-zero
U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler testifies before a Senate Banking, Housing, and Urban Affairs Committee oversight hearing on the SEC on Capitol Hill in Washington, September 14, 2021. Evelyn Hockstein | Pool | Reuters SEC Chairman Gary Gensler and his staff have been very busy lately, and they are about to
A California man accused of conning elderly clients out of millions while acting as an investment advisor is now facing a host of charges from state and federal authorities. This week, Jeffrey Santulan and his company, Safeguard Metals LLC, became the target of enforcement actions by the SEC, the Commodity Futures Trading Commission and 27
In this article MRK BIIB CAH LLY HON FB Check out the companies making headlines before the bell: Eli Lilly (LLY) – The drugmaker beat estimates by 3 cents with adjusted quarterly earnings of $2.49 per share, while revenue beat forecasts as well. Results were boosted by a jump in sales of Lilly’s Trulicity diabetes
Manchester United, one of the world’s most popular soccer (or football) teams is reportedly set to announce a multi-year training kit sponsorship by Proof-of-Stake blockchain platform, Tezos. First reported by The Athletic, the deal is apparently in excess of $27 million per year, allowing Tezos to place its logo on the team’s training uniform. Manchester
Home buying competition is showing no signs of slowing down so far in 2022, based on the latest Realtor.com Weekly Housing Trends Report. As homes continued to sell more quickly than last year, asking prices accelerated at a double-digit pace and inventory remained limited. After a period of steady 8.5 to 9% growth in the fall,
In this article .DSRPT ABNB (Left to right) Brian Chesky, Nathan Blecharczyk and Joe Gebbia, co-founders of Airbnb Source: Airbnb In this weekly series, CNBC takes a look at companies that made the inaugural Disruptor 50 list, 10 years later. It’s hard to think of a more quintessential story in disruption than Airbnb — the
Grayscale Investments has launched its first exchange-traded fund (ETF). The Grayscale Future of Finance ETF “seeks to invest in the companies and technologies shaping the ‘future of finance.’” Grayscale’s First ETF Grayscale Investments, the world’s largest digital currency asset manager, announced Wednesday the launch of its first exchange-traded fund (ETF) called Grayscale Future of Finance
Today’s Social Security column addresses questions about taking spousal benefits early before delayed retirement benefits, whether conversion to childhood disability benefits is automatic and switching to spousal benefits after taking early retirement benefits. Larry Kotlikoff is a Professor of Economics at Boston University and the founder and president of Economic Security Planning, Inc. See more
Municipals were stronger on Thursday with yields falling another two to five basis points on triple-A yield curves and new-issues fared well while Refinitiv Lipper reported $2.9 billion of outflows, marking the largest negative flows in nearly two years. The last time outflows were above $2 billion was on April 8, 2020 when they hit
(Kitco News) A weaker U.S. dollar and increased geopolitical tensions will keep gold supported this year, with the precious metal rising to $1,900 in the fourth quarter, according to StoneX. But a year of “boring prices” does not mean “a boring market.” This year, the gold price will take its cues from the Federal Reserve
The big issue is… by Keith Weiner of Monetary-Metals This is a brief of our annual analysis of the gold and silver markets. In the full Outlook Report, we take an in-depth look at the market players, dynamics, fallacies, drivers, and finally give our predictions for gold and silver prices over the coming year. Our unique
The basic financial skills American adults need in order to succeed in life aren’t often taught in a classroom. For many people, there are no lesson plans and no standards for minimum financial literacy. They are just sent out into a world overflowing with opportunities to get into debt. At best, their financial sensibilities may
Ken Griffin, Founder and CEO, Citadel Mike Blake | Reuters Billionaire investor Ken Griffin’s hedge funds scored gains in January despite the tech rout that crushed the market, as the spike in volatility and steep sell-off in growth stocks created an ideal environment for fast-money traders. Citadel’s multistrategy flagship fund Wellington increased 4.71% last month,
In late September, as a liquidity crisis at Evergrande put traders on high alert around the world, the bond prices of another Chinese property developer told a different story. Shanghai-based Shimao, named after a father and son duo who have run the company since 2001, was rated investment grade by Fitch and deemed a safe
Stocks on Wall Street slid by the most in almost a year on Thursday after a disappointing earnings report from Facebook parent Meta reverberated through the market. The S&P 500 index fell 2.4 per cent, its biggest drop since February 2021, driven largely by falls in tech stocks that dominate the blue-chip US index. The
In 2000, the International Association for Financial Planning and the Institute for Certified Financial Planners merged to form the Financial Planning Association (FPA) to unify the financial planning community and advance the profession by focusing on the standards the CFP marks represent. Leaders of both groups embraced this purpose because they recognized that the marks
In this article SNAP AMZN CLX PINS F RIVN The Amazon logo displayed on a smartphone and a PC screen. Pavlo Gonchar | LightRocket via Getty Images Check out the companies making headlines after the bell: Amazon — Shares of Amazon popped more than 18% after hours following a strong quarterly report. The company reported
Is Bitcoin (BTC) in a bull market or a bear market? Has the current market cycle already peaked or can we expect another leg higher? Venture capital funds don’t seem to care either way. They’re too busy building equity in promising blockchain plays. This week’s Crypto Biz newsletter features two major funding rounds from the
Falling interest rates and the pandemic are the top two reasons for house prices skyrocketing over the last year and a half but there’s another reason no one talks about. Today’s technology simply makes it easier for house prices to increase when buyer demand increases. An economist would say single-family houses now have a higher
In this article BKI A house for sale in Scituate, Massachusetts. Matt Stone | MediaNews Group | Getty Images The stunning jump in home values over the course of the Covid-19 pandemic has given U.S. homeowners record amounts of housing wealth. What they choose to do with it could have impacts on the broader economy.
Crypto farms in Kazakhstan will remain unplugged until Feb. 7, as the local utility has extended power cuts for miners. The company points to ongoing difficulties with electricity supply as the main reason for the measure, which was supposed to expire at the end of January. Mining Facilities in Kazakhstan Still Shut Down Data centers
With nursing homes and other long-term care facilities desperately short of nurses and aides, it is more important than ever for consumers to know about staffing levels, quality, and turnover. But it has been difficult to get some key information. Now, the government has taken a modest step to help. In January, the Centers for
Amid fresh controversy surrounding a December Federal Highway Administration memo, the U.S. Department of Transportation said the memo does not in fact restrict the use of infrastructure funds for new highway capacity projects as feared by some state transportation advocates. The controversy stems from a Dec. 16 FHWA memo that advised states to spend federal
Motley Fool Why Snap Stock Just Collapsed Following Meta Platforms’ (NASDAQ: FB) flop of an earnings report last night, shares of rival social media stock Snap (NYSE: SNAP) suffered a sympathetic crash. As of 11:20 a.m. ET Thursday morning, Meta stock was down 24.5%, and Snap was down 20.5%. Meta Platforms missed on earnings, only
What happens after a couple of rate hikes? Answer that, and you’ll find a time table for gold prices in… by Craig Hemke via Sprott Money News That is the question. Oh sure, The Fed may attempt to hike the fed funds rate as soon as next month. They may even attempt another hike in
Microsoft Corporation (NYSE: MSFT) was formed in 1975 by Bill Gates and Paul Allen, as they rushed to create an operating system for the Altair 8800 microcomputer. The Altair 8800 was arguably the first microcomputer that kicked off the computer revolution, and with it came Altair Basic, a licensed version of Microsoft Basic. Microsoft Basic
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