In this article SPCE ROKU BLMN DLTR SHAK Scott Olson Check out the companies making headlines in midday trading. Roku — Roku shares were down nearly 25% after the company reported revenue for the most recent quarter that fell short of analysts’ forecasts. Roku also issued a weaker-than-expected outlook due to higher component prices and supply
Month: February 2022
Escalating vaccine mandate protests near the Canada-U.S. border — known as the “Freedom Convoy” — have sent Canada into a state of emergency. They’re also affecting the price of a variety of goods for Americans. What started in January as a protest against new vaccine requirements for truckers crossing the border into Canada from the
A SpaceX Falcon 9 rocket and Dragon spacecraft ahead of the Inspiration4 mission in Merritt Island, Florida, U.S., on Wednesday, Sept. 15, 2021. Eva Marie Uzcategui | Bloomberg | Getty Images Elon Musk’s SpaceX is splitting the value of its common stock 10-for-1, CNBC has learned, with the company’s valuation having soared to more than
PeopleImages | iStock | Getty Images There was a time not too long ago when holding “AMT-free” municipal bond funds might have made perfect sense for many investors. These days? Maybe not so much. With a small share of taxpayers subject to the alternative minimum tax, or AMT, since a federal tax overhaul took effect
By Christine D. Moriarty, Next Avenue Financial professionals are paid to be the experts, but sometimes what they do not know – or do not reveal – has more of an impact on your money. When the market is going gang busters like the last two years, you would expect solid returns, but look beyond the
Perched atop a cliff overlooking the Pacific Ocean on Hawaii’s Hamakua Coast, the seaside retreat, Water Falling Estate, has something of a Hollywood history. Initially purchased in 2016, the nearly 11,000-square-foot showplace has been rented out to several big names, including European royalty and pop superstar Justin Bieber. ADVERTISEMENT Set on nine-plus acres in Ninole
President Biden’s multitrillion-dollar Build Back Better bill may have been beaten back, but its economy-killing tax increases could still pass. Senator Joe Manchin (D–West Virginia), who played the key role in killing Biden’s spending extravaganza, is supporting higher taxes on businesses and capital gains. His rationale: More taxes will help fight inflation. Huh? This episode
[The stream is scheduled to start at 11:30 a.m. ET. Please refresh the page if you do not see a player above at that time.] Bill Gates, co-chair of the Bill & Melinda Gates Foundation, joins CNBC’s Hadley Gamble on a panel at Germany’s annual Munich Security Conference to discuss what action needs to be
In this article DKNG Shares of DraftKings fell more than 20% Friday morning after it posted fourth-quarter earnings that beat analyst estimates for the quarter but revealed the company expects a greater adjusted loss for 2022 than analysts had projected. Here’s what the company reported: Loss per share: 35 cents, ex-items vs 81 cents estimated,
In this article SHAK DKNG ROKU BLMN DE DBX Check out the companies making headlines before the bell: DraftKings (DKNG) – The sports betting company’s stock tumbled 13.2% in the premarket, despite a narrower-than-expected quarterly loss and revenue that beat estimates. DraftKings projects a wider-than-expected adjusted loss for the full year as costs continue to
French luxury goods brand Hermes said Friday it has “no strategy” to significantly increase prices or expand production of its prized products despite disappointing fourth quarter results which saw supply fail to meet demand. Speaking to CNBC, CEO Axel Dumas said the company’s hand-crafted production model means it is less exposed to inflationary pressures, such
In this article SPCE Virgin Galactic leaders in front of the New York Stock Exchange, from left: CEO George Whitesides, founder Richard Branson and Chairman Chamath Palihapitiya. Virgin Galactic Virgin Galactic announced Friday that Chairman Chamath Palihapitiya is stepping down from the space tourism company’s board of directors, effective immediately. Palihapitiya’s SPAC, or special purpose
Millions of Americans are quitting their jobs and rethinking what they want when it comes to work and work-life balance. Companies are responding, meeting their employees’ needs in areas like remote work, flexible hours, four-day workweeks, compensation and more. This story is part of a series looking at the “Great Reshuffle” and the shift in
By Chris Farrell, Next Avenue Does the outline of this scenario seem familiar? Paige Wilson, age 60, had a long career in finance with her last position as managing director at an investment bank. She and her family lived in Richmond, Va. not far from her 78-year-old mother. Her mother was vital and energetic, but she
An influx of out-of-towners with big budgets is contributing to the rise in home prices in popular migration destinations, pricing out many local buyers, according to a new report from real estate brokerage Redfin. The average out-of-towner moving to Nashville in 2021 had $736,900 to spend on a home, 28.5% higher than the $573,400 average budget for
The Justice Department has created a new role: Director of National Cryptocurrency Enforcement Team. Today it announced that Eun Young Choi will serve as the first Director in that role. The National Cryptocurrency Enforcement Team, or NCET, “was established to ensure the department meets the challenge posed by the criminal misuse of cryptocurrencies and digital
Patients lie in hospital beds waiting for medical treatment at a temporary shelter outside the Caritas Medical Center in Hong Kong, China, on February 16, 2022. Leung Man Hei | NurPhoto | Getty Images Hong Kong needs to protect its health-care system, which is under tremendous stress right now due to a spike in coronavirus
A Doordash delivery person rides their bike on Church Avenue in the Flatbush neighborhood of Brooklyn on December 04, 2020 in New York City. Food delivery startup DoorDash Inc is expected to raise its U.S. initial public offering up to $3.14 billion. Michael M. Santiago | Getty Images Shares of DoorDash soared as much as
The Great Hall of the People is seen after the closing meeting of the fourth session of the 13th National People’s Congress (NPC) on March 11, 2021 in Beijing, China. VCG | Visual China Group | Getty Images BEIJING — Chinese President Xi Jinping told top leaders to speed up work on new laws for
In this article TMO Millions of people are now vaccinated, boosted and newly recovered from Covid-19 infections caused by the omicron variant. They have what some outside the medical community have labeled “super immunity.” And many are ready to see the world again. Though the term carries an air of invincibility, medical experts disagree about
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