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Business

General Electric’s Q1 Results Exceed Expectations with Strong Performance

General Electric's Impressive First-Quarter Results Surpass Expectations General Electric (GE:NYSE) recently made headlines with its first-quarter results, which not only exceeded analysts' expectations but also...

Stagwell’s Quarterly Earnings Analysis: Performance and Future Outlook

Stagwell's Quarterly Earnings Report: A Detailed Analysis Stagwell (STGW) recently reported its quarterly earnings, showcasing a performance that matched the Zacks Consensus Estimate with earnings...

Want a Clue on Health Care Costs in Advance? New Tools Take a Crack at It

Need medical treatment this year and want to nail down your out-of-pocket costs before you walk into the doctor’s office? There’s a new tool...

Cameron Winklevoss of Gemini criticizes crypto exec Barry Silbert  over  frozen funds

With digital asset entrepreneur Cameron Winklevoss accusing fellow businessman Barry Silbert of "bad faith stall tactics" and the mixing of funds within his conglomerate,...

Twitter problems for Elon Musk mount as landlord sues platform for not paying rent

Elon Musk bought Twitter and wanted to make it a platform that would be renowned for free speech. Instead it has been seeing its...

Is Walmart open on January 1, 2023?

When it comes to finding bargains or shopping for food at low prices, Walmart is a popular destination for shoppers. Is Walmart open on January...

FBI Issues Warning About Bitcoin Investment Scam Known as Pig Butchering.  

The FBI has issued a stern warning on a well-known bitcoin investment scam known as "pig butchering."  As per Santa Clara County District Attorney...

Shark Tank star Kevin O’Leary’s Twitter account was hacked promoting a cryptocurrency hoax

O’Leary’s  Twitter account, which has over 982,000 followers, sent out several tweets promising a giveaway of 5,000 BTC and 15,000 ETH, each with an...

Following contentious meetings with Sam Bankman-Fried and FTX lobbyists, an SEC official resigns.

Dan Berkovitz was an FTX ally within the financial regulatory agency, and he met with Bankman-Fried and other cryptocurrency lobbyists. Dan Berkovitz, General Counsel...

Barings BDC’s Price Target Cut to $10 From $11 at Oppenheimer

Oppenheimer analysts lowered their price target on Barings BDC, Inc. (NYSE:BBDC) to $10 from $11, noting they estimate the company’s current share price of...

Masonite International Announces Restructuring Changes

Wedbush updated its estimates on Masonite International Corporation (NYSE:DOOR) for restructuring moves. The company announced on Dec 29 that it will incur one-time restructuring...

Ardelyx Shares Surge 9 percent on FDA’s Granted Appeal for Xphozah

Ardelyx, Inc. (NASDAQ:ARDX) shares gained more than 9% intra-day today after FDA granted an appeal for a new drug application for Xphozah. With FDA's...

Gemini crypto exchange and founders Winklevoss twins face lawsuit over unregistered interest accounts

On Tuesday, investors accused Gemini Trust Co. and its founders Tyler and Cameron Winklevoss of fraud as well as federal and state violations. The...

Generac Holdings Initiated at Buy Rating & $160 Price Target

Janney Capital initiated coverage on Generac Holdings Inc. (NYSE:GNRC) with a Buy rating and a $160 price target. Analysts believe that the company's shares,...

Kala Pharmaceuticals Shares Soar 99 percent on FDA Acceptance of IND Application for KPI-012

Kala Pharmaceuticals, Inc. (NASDAQ:KALA) shares surge more than 99% on Thursday after the company announced the acceptance of its IND application for KPI-012 initially...

S&P 500 Preview for 2023

The year 2022 has been a disappointment for stock market investors. The S&P 500 index has declined almost 20% year-to-date. This marks the worst...

The Bull Market for Bitcoin is Unrealistic Before 2025

After three years of positive returns, Bitcoin and other cryptocurrencies have suffered a significant drop in value in 2022. The leading digital asset is...

Tesla Shares Up 8 percent After a Period of Heavy Selling

Shares of Tesla (NASDAQ:TSLA) saw an 8% share price increase yesterday after a period of heavy selling as analysts continue to encourage their clients...

What Will 2023 Look Like For Homebuyers and Sellers?

If you're a first-time homebuyer, you won't be able to utilize the proceeds of a previous home sale toward your purchase. Down payment and...

Coinbase Customers Oppose Attempts to Move Lawsuit to Arbitration

ATLANTA-The Supreme Court decided to accept an appeal from Coinbase, a large bitcoin exchange. Coinbase is attempting to get two consumer lawsuits against the business...

Watch: Lamborghini Aventador Ultimae Coupé including NFT and WEB3. Only 63 pieces available.

The fourth and final NFT in Drop 5 has a sci-fi aesthetic with holograms and fingerprint encryption, revealing the Aventador Ultimae Coupé in a...

Oppenheimer Updates its View on T-Mobile US

Oppenheimer analysts provided a review on T-Mobile US, Inc. (NASDAQ:TMUS), adjusting their model to account for the ongoing shortage of the new iPhone 14...

Carvana Stock is Down 98 percent YTD and The Situation is Likely to Get Worse

Carvana (NYSE: CVNA) stock has experienced a significant decline in 2022, with shares trading almost 98% lower year-to-date (YTD). Some media reports have suggested...

Nio’s Overweight Rating Reiterated Despite Guidance Cut

Morgan Stanley reiterated its Overweight rating and $16.10 price target on Nio Inc. (NYSE:NIO) after the Chinese electric vehicle maker announced a cut in...

CarMax’s Overweight Rating Maintained at Morgan Stanley, Price Target Cut to $75

Morgan Stanley maintained its Overweight rating on CarMax (NYSE:KMX) but lowered its price target from $90 to $75 per share. In a note to...

Amazon to Launch Standalone Sports Streaming App, According to The Information

According to a report from The Information, Amazon (NASDAQ:AMZN) is considering launching a standalone app for sports content. The move is rumored to be...

Cantor Fitzgerald’s Top Tech Stocks for 2023

Cantor Fitzgerald believes that tech stocks present an appealing opportunity for long-term investors seeking growth exposure. In a note to clients, the analysts highlighted...

Watch: Southwest Cancels Additional Flights, Prompting Federal Investigation

Southwest canceled around 2,600 more flights on the East Coast by late afternoon a day after the majority of U.S. carriers had recovered from...

Celularity Downgraded to Perform From Outperform

Oppenheimer analysts downgraded Celularity Inc. (NASDAQ:CELU) to perform from outperform due to delays in the development of its CYNK-001 treatment for acute myeloid leukemia...

$11 Billion Outflow of Bitcoin and Ethereum From Exchanges Following FTX Collapse

Since the collapse of FTX on November 5, 2022, there has been a significant outflow of bitcoin and ethereum from exchanges. According to data...

Southwest Airlines Shares Drop 6 percent on Massive Flight Cancellations

Southwest Airlines Co. (NYSE:LUV) shares plunged nearly 6% on Tuesday as the company continues to cancel flights due to the winter storm. According to...

Tesla Shares Plunge 11 percent on Concerns About Production Shutdowns in China

Tesla, Inc. (NASDAQ:TSLA) shares closed more than 11% on Tuesday due to concerns about production shutdowns in China in January. China is a key...

Retail Holiday Sales Rose 7.6% Where Are The Shopping Bargains?

According to one metric, holiday sales increased as American spending held steady over the crucial shopping season despite rising costs for everything from food...

Electrifying competition for Tesla, Hyundai and Kia EVs make record sales

Tesla Motors Inc. has long dominated the electric vehicle (EV) market, being one of the pioneering manufacturers in the world. However, it has already...

Exclusive: FTX asks for customer information to be sealed for customer anonymity and privacy, against traditional bankruptcy rules, media opposes

When cryptocurrency companies were founded, one of its major strengths according to them was customer anonymity and privacy. This had both its pluses as...

Meta will pay $725 million for class action lawsuit stemming from the Cambridge Analytica incident.

Meta Platforms, Facebook's parent company, has agreed to pay $725 million to settle user charges that the social media juggernaut unlawfully provided third parties...

National Crime Prevention Council Requests Justice Department to Launch Investigation on Snapchat’s Fentanyl Sales

As the United States deals with its deadliest overdose crisis to date, the National Crime Prevention Council (NCPC) has asked the US Justice Department...

Avatar: The Way of Water (8/10)

by Tony Medley 190 minutes. PG-13 For $400 million, one would think a movie should be perfect and wonderful. This one isn’t. Oh, one can appreciate the...

Watch: Tesla Owner Domenick Nati Says He Had To Cancel Christmas Plans as Car Would Not Charge

It is common knowledge that lower temperatures decrease the electric vehicle’s range thus making it longer to recharge. Tesla, Inc. offers its customers all...

What time does Walmart open on Monday, December 26th, the day after Christmas? Hurry for Special Holiday Exclusive Deals.

Looking for some post-holiday deals? You're in luck, whatever your shopping needs are. The day after Christmas, Walmart will be open as usual. Walmart was...

Watch: Welcome to the wild world of Lamborghini and Web3.

If you've always wanted to go to the moon but didn't know how, take a virtual trip to the moon, space, and beyond with...

U.S Workers Get Temporary Relief As IRS defers $600 income reporting

On Friday, the Internal Revenue Service (IRS) in the nation said that a new rule that expected gig workers and others who were paid...

Elon Musk Warns Federal Reserve’s Interest Rate Hikes Could Cause Severe Recession

Elon Musk, CEO of Tesla and Twitter, has expressed concern over the Federal Reserve's recent decision to raise interest rates, stating that it could...

Fate Therapeutics Downgraded to Perform From Outperform

Oppenheimer has reduced its rating for Fate Therapeutics, Inc. (NASDAQ:FATE) from Outperform to Perform, citing a broader downgrade of the NK-cell therapy industry as...

FTX and Alameda File Request to Freeze $450 Million in Robinhood Stock in New York Court

FTX Trading Ltd. and Alameda Research have filed a request to freeze 56 million shares of Robinhood stock, worth roughly $450 million, in a...

Mersana Therapeutics Enters into Agreement with a Subsidiary of Merck KGaA

Wedbush provided its review on Mersana Therapeutics, Inc. (NASDAQ:MRSN) after the company entered into a research collaboration and commercial license agreement with a subsidiary...

Paychex Reports Q2 EPS Beat, Revenues In Line

Paychex (NASDAQ:PAYX) reported its Q2 results, with EPS of $0.99 coming in better than the Street estimate of $0.95. Revenue was $1.19 billion, in...

CarMax Reports a Significant Q3 Miss

CarMax (NYSE:KMX) reported its Q3 results, which were significantly worse than expected, with unit comps of -21% (compared to a predicted -20%), leading to...

Gamers have filed an antitrust lawsuit against Microsoft over the Activision Blizzard over  $69 billion acquisition.

Gamers have filed an antitrust lawsuit against Microsoft in connection with the Activision Blizzard acquisition of $69 billion. Video game players are suing Microsoft...

Sam Bankman-Fried, the founder of FTX, released on bail of $250 million to live with parents in cushy Palo Alto, Ca home.

A New York judge today released shamed crypto entrepreneur Sam Bankman-Fried on $250 million bail. Federal prosecutors said that Bankman-Fried’s bond was “the highest...
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