Amazon.com, Inc. (AMZN) reported better-than-expected 1Q results driven by higher revenues, which was fueled by outstanding performance in all segments. Shares of the e-commerce company rose 2.4% in Thursday’s extended trading session. Amazon reported 1Q earnings of $15.79 per share that widely surpassed analysts’ expectations of $9.54 and more than tripled on a year-over-year basis.
Facebook’s logo displayed on a phone screen and keyboard. Jakub Porzycki | NurPhoto via Getty Images Check out the companies making headlines in midday trading. Ford — Shares of the automaker fell more than 9% on Thursday after Ford said it expected to lose half of its second-quarter production due to the global semiconductor shortage.
An Australian senate committee has published a report calling for a blockchain-based national land registry, better clarity over laws relating to smart contracts, and continued efforts to establish international standards for DLT. The Select Committee on Australia as a Technology and Financial Centre’s second interim report offers 23 recommendations spanning blockchain, consumer data, and corporate
On Manhattan’s Billionaires’ Row, just off Central Park, a luxury four-bedroom residence is up for sale. Featuring ten-foot ceilings, four-and-a-half bathrooms and an eat-in kitchen, the unit also includes 24-hour concierge service. The catch? Good luck finding it on the open market. The seller, whose identity was not disclosed, is soliciting offers from just a
FatCamera | Getty Images Lower-income homeowners could benefit from a new refinance program being launched by the U.S. government. Starting this summer, eligible borrowers will be able to refinance their mortgage at a reduced interest rate and lower monthly payment, saving an estimated $100 to $250 a month, according to the Federal Housing Finance Agency,
On Thursday, Apifiny, a global digital asset trading and mining network, announced the company’s subsidiary Apifiny Prime has been granted a broker-dealer license from the Financial Industry Regulatory Authority (FINRA). The firm now joins the ranks of brokerage and exchange businesses like Coinbase, Etoro, and Circle. FINRA Grants Apifiny Prime a Broker-Dealer License The leading
Today’s column addresses questions about when delayed retirement credits are applied to retirement benefits, whether suvivor’s benefits from a foreign country will affect Social Security benefits and becoming eligible for Social Security benefits. Larry Kotlikoff is a Professor of Economics at Boston University and the founder and president of Economic Security Planning, Inc, which markets
A suburban Chicago hospital saw its ratings raised several notches after joining forces with a better heeled system, highlighting the appeal of consolidation for independent hospitals that Moody’s Investors Service says shows no signs of slowing. Moody’s this week raised Northwest Community Healthcare’s debt rating to Aa3 from A2 after security on $220 million of
Gold prices continue to observe a decline in Indian market on Friday, April 30. According to Good Returns, the gold rate for one gram of 22-carat in the country fell by Rs 1 at Rs 4,447 from Rs 4,448 the previous day. The price of 10 grams of 22-carat-gold also witnessed a drop of Rs
In a perfect and normal world, precious metals would be… by Michael Ballanger via Streetwise Reports “Once I built a tower, up to the sun,Brick, and rivet, and lime;Once I built a tower; now it’s done.Brother, can you spare a dime?” — Harburg & Gourney In 1932, a couple of songwriters named E.Y. “Yip” Harburg
Amazon.com, Inc. (AMZN) is one of the most valuable megacap companies on the Nasdaq exchange. The firm commands a high premium valuation because of its demonstrated record of consistent sales growth. However, it almost always appears grossly overvalued when using earnings-based valuation methods. Amazon pursued a strategy of reinvesting most of its profits into the
Twitter’s user growth fell short of expectations for the third quarter in a row, and it issued tepid revenue guidance despite benefiting from a broader surge in digital advertising spending during the pandemic. The San Francisco-based social media group said its first-quarter revenue increased 28 per cent year on year to $1.04bn, slightly ahead of
Amazon reported its second consecutive quarter of $100bn-plus sales, comfortably beating Wall Street’s targets as it continues to reap the rewards of pandemic conditions. Net sales of $108.5bn in the first three months of the year helped the company achieve a net income of $8.1bn, up by more than 220 per cent on the same
A lawsuit filed by one of the largest wealth managers against a variable annuity firm offers a glimpse into one of the industry’s most critical and changing conflicts of interest: payments to get a product in front of advisors who might recommend it to clients. Advisor Group is seeking at least $900,000 plus interest and
The Green Organic Dutchman Holdings (TGOD) has provided a corporate update on its operations and progress on its strategic business plan. Earlier this year, the Green Organic Dutchman put its cultivation and processing facility in Valleyfield, Quebec up for sale, with the objective of increasing its financial flexibility to reduce its debt and capitalize on
In this article CRUS X SWKS WDC FSLR GILD AMZN TWTR The Twitter App loads on an iPhone in this illustration photograph taken in Los Angeles, California. Mike Blake | Reuters Check out the companies making headlines after the bell on Thursday: Twitter — Shares of the social media giant fell 9% after the company’s
by confoundedinterest17 U.S. equities climbed to all-time highs after a batch of corporate earnings and economic data showed the American economy gained steam in the first three months of the year. U.S. gross domestic product expanded at a 6.4% annualized rate in the first quarter, according to the Commerce Department. The S&P 500 traded at fresh
Bitcoin and the overall cryptocurrency market saw minor losses on April 29 as the market heads into the expiry of $4.2 billion worth of (BTC) options contracts. Data from Cointelegraph Markets and TradingView shows that since reaching a high above $56,400 on April 28, the price of Bitcoin has dropped more than 6% back down near the
NerdWallet’s Home Seller Report reveals what buyers and sellers should know in today’s market. NerdWallet recently released its Home Seller Report. Though the number of homes for sale across the country remain at record lows it appears more sellers will be coming to market over the next 18 months. According to the report “1 in 6 (17%)
President Joe Biden addresses a joint session of Congress on April 28, 2021. Melina Mara | Reuters President Joe Biden has unveiled a plan for higher taxes on inherited homes to help fund the $1.8 trillion American Families Plan. The proposal would tax inherited property gains at death, targeting generational wealth transfers. But financial experts
Cryptocurrency exchange Coinbase now allows its U.S. customers to buy cryptocurrencies with Paypal. Millions of customers can now purchase up to $25,000 a day of cryptocurrencies with their Paypal accounts. Coinbase Adds Paypal as Funding Source for Users Coinbase announced Thursday that Paypal has been added as a funding source for buying cryptocurrencies at the
Social Security paperwork nightmares from the need of some people to send in drivers licenses, birth certificates, and passports to a lengthy and complex application form required for disability benefits dominated a Senate hearing today on the giant program. Requiring applicants to put important original documents in the mail that they regularly need to have
Munis lost ground Thursday with two to four basis point cuts to triple-A benchmark yields after U.S. Treasuries weakened with better economic data pouring in as the month closes out. Cash flowed into municipal bond mutual funds again at $1.64 billion with high-yield making up $630 million of it, as investors fearing rising taxes. Fund
Bloomberg Warren Buffett Poised to Weigh In on How Berkshire Fares Post-Pandemic (Bloomberg) — A year after Warren Buffett revealed he was unloading airline stocks as the pandemic took hold, Berkshire Hathaway Inc. shareholders are eager for his sense of what’s next for the conglomerate with more Americans emerging from lockdown.On Saturday, Berkshire’s chief executive
There is a “Silver Accident” waiting to happen and it will come from… by Bix Weir of Road to Roota There is a “Silver Accident” waiting to happen and it will come from the LEASING of massive amounts of Physical Silver from JP Morgan into the SLV ETF and others! Bank of America and Citigroup
When it comes to index funds, Vanguard has led the way from the very beginning. In 1976, it created the very first index mutual fund, the Vanguard 500 Index Fund (VFIAX). Ten years later, the group introduced the Vanguard Total Bond Market Index Fund (VBTLX). Looking to innovate, Vanguard introduced an “index fund of index funds”
US economic growth received a boost in the first three months of 2021 from massive fiscal stimulus that fuelled consumer spending, as well as looser lockdown restrictions, bringing output close to pre-pandemic levels. Gross domestic product advanced 6.4 per cent on an annualised basis in the first quarter, the commerce department said on Thursday. That
Spanning more than a century (and some 600 pages), moving between contemporary Hollywood, Prohibition-era Montana, wartime London, Alaska, Seattle and New Zealand, Maggie Shipstead’s accomplished and ambitious third novel Great Circle boasts two memorable heroines. One is Marian Graves, the talented and fearless aviator who develops a lifelong passion for flying in childhood, dreaming only
President Joe Biden addresses a joint session of Congress at the U.S. Capitol in Washington, U.S., April 28, 2021. Doug Mills | Reuters If the stock market is considered a barometer of success, President Joe Biden’s first 100 days in office is starting off with a bang — a big bang. Since the election, the
A former Morgan Stanley broker will pay $5,000 in fines after FINRA found he bought and sold customers’ securities without their consent, a practice the firm didn’t allow at the time. Constantinos Maniatis agreed this week to pay the fine and be suspended for 30 days while neither admitting nor denying FINRA’s findings that he