A banner for the online image board Pinterest Inc. hangs from the New York Stock Exchange on the morning that Pinterest makes its initial public offering on April 18, 2019. Spencer Platt | Getty Images Pinterest reported fourth quarter financial results Thursday that beat on both the top and bottom lines and showed strong user
Cars line up to pick up food boxes at the Athens County Fairgrounds in Athens, Ohio on Dec. 19, 2020. BRAD LEE | AFP | Getty Images Long-term unemployment is edging toward a historical peak, almost a year into the pandemic-fueled downturn. Workers are deemed to be “long-term unemployed” when their jobless spell is longer
Though billionaire investor Mark Cuban has warned people to be cautious with cryptocurrency, he recently said digital assets — from digital goods to cryptocurrencies like bitcoin — will be the future of business. And Cuban has invested in cryptocurrency himself, both in business and personally. In fact, Cuban has an extensive cryptocurrency wallet, which he shared on
The logo of trading app Robinhood is displayed on a smartphone. Olivier Douliery | AFP via Getty Images A U.S. consumer watchdog saw a surge in complaints regarding Robinhood last week, with some clients claiming they were unable to liquidate holdings and move to other brokerage firms. The Federal Trade Commission received more than 100
Vice President Kamala Harris watches as President Joe Biden signs executive orders after speaking on racial equity in the State Dining Room of the White House in Washington, DC on January 26, 2021. Mandel Ngan | AFP | Getty Images Just over two weeks into his administration, President Joe Biden has already made it clear
WASHINGTON, DC – FEBRUARY 05: U.S. President Joe Biden (C) and Vice President Kamala Harris (L) meet … [+] with House Democratic leaders to discuss virus relief legislation in the Oval Office at the White House February 5, 2021 in Washington, DC. In an effort to generate bipartisa(Photo by Stefani Reynolds-Pool/Getty Images) Getty Images This
Oversized glass doors look onto a courtyard atrium at the new Los Angeles home of celebrity chef … [+] Bobby Flay. Sam Frost Design Celebrity chef and Food Network star Bobby Flay has found something to savor in the Los Angeles housing market, buying a fresh contemporary home in the Hollywood Hills for $7.6 million.
Even small fees can wreck your retirement portfolio getty Investment fees are easy to ignore. You don’t get billed for your advisor’s fee or the expense ratio of a mutual fund. They quietly take it out of your investment portfolio every quarter. Yet fees can have a huge impact on your wealth. In this article,
Medical officer prepares the administrations for mass Covid-19 vaccination program for health workers in Denpasar, Bali, Indonesia on February 4 2021. NurPhoto | NurPhoto | Getty Images It’s no surprise that questions related to the coronavirus pandemic have dominated search engines over the past year. More recently, and as vaccines have started to be rolled
Evan Spiegel, CEO of SNAP Inc. Stephen Desaulniers | CNBC Snap’s stock fell more than 5% in after-hours trading on Thursday after the company reported its fourth-quarter earnings despite beating Wall Street’s expectations on earnings, revenue and user growth. But the company provided a first-quarter adjusted EBITDA forecast that was much lower than analysts’ consensus
Take a look at some of the biggest movers in the premarket: Peloton (PTON) – Peloton doubled consensus estimates in reporting quarterly profit of 18 cents per share, and the fitness equipment maker’s revenue came in above estimates as well. Peloton will be incurring extra costs in the near term, however, to reduce shipping delays
A pedestrian and cyclist wear facemasks outside a branch of department store chain Nordstrom in Santa Monica, California on May 11, 2020. Frederic J. Brown | AFP | Getty Images Nordstrom said Thursday it expects revenue to rise more than 25% in fiscal 2021 from the prior year, with roughly half of its sales coming
A sign hangs in front of an AMC theater on January 27, 2021 in Chicago, Illinois. Shares of AMC Entertainment more than quadrupled today as investors continue their buying spree on heavily shorted stocks. Scott Olson | Getty Images Besides GameStop, other popular short squeeze targets among the Reddit crowd were taking big hits on
The student debt crisis has hit a new milestone — soaring to $1.7 trillion in outstanding loans at the end of last year. As more than 44 million Americans grapple with this burden, the disparity in the amount of that debt held by Black and White borrowers is also growing. Studies show that young Black
Can you get into trouble for urging other investors to buy stock or options in a company? getty As just about everyone knows by now, investors communicating on the Reddit forum WallStreetBets drove up the stock price of GameStop while openly discussing both their tactics and their reasoning. Some of them purchased GameStop shares as
Pillows and cushion in earth tones embody the soft aesthetic of the moment getty Fixr’s annual paint and color trends report tells us that staying at home has strongly affected our color choices. So maybe it’s not surprising that, after spending most of the past year isolated and socially distanced, we don’t love gray any
Economic Security Planning, Inc. Today’s column addresses questions about what effect years of lower income might have on benefits taken later, when the higher income limit for the earnings test is applied and whether a divorce and subsequent remarriage can satisfy the 10 year marriage requirement. Larry Kotlikoff is a Professor of Economics at Boston
Artur Widak | NurPhoto | Getty Images Johnson & Johnson applied for an emergency use authorization from the Food and Drug Administration for its coronavirus vaccine after releasing data last week showing it was about 66% effective in protecting against the virus. If J&J’s application is approved, it would be the third Covid-19 vaccine authorized
Peloton Interactive Inc. stationary bicycles sit on display at the company’s showroom on Madison Avenue in New York, U.S., on Wednesday, Dec. 18, 2019. Jeenah Moon | Bloomberg | Getty Images Peloton on Thursday reported quarterly sales growth of 128%, marking its first billion-dollar quarter, as the momentum keeps climbing for the at-home fitness equipment
Traders work on the floor of the New York Stock Exchange. NYSE Stock futures were flat in overnight trading on Thursday, following a four-day winning streak on Wall Street as investors awaited a closely-watched January jobs report. Futures on the Dow Jones Industrial Average rose just 20 points. S&P 500 futures were flat and Nasdaq