Month: May 2022
A.I. lender Upstart shares plummet more than 60% after company cuts full-year revenue forecast
In this photo illustration an Upstart Holdings logo is seen on a smartphone screen. Pavlo Gonchar | SOPA Images | LightRocket | Getty Images Shares of Upstart plummeted Tuesday after the artificial intelligence lending platform cut its full-year revenue outlook, citing rising interest rates and an uncertain economy. The company had reported better-than-expected first-quarter results […]
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Amazon stock has lost nearly all of its gains from the pandemic
Andy Jassy, chief executive officer of Amazon.Com Inc., during the GeekWire Summit in Seattle, Washington, U.S., on Tuesday, Oct. 5, 2021. David Ryder | Bloomberg | Getty Images Shares of Amazon have now given up nearly all of their gains from the pandemic. If the stock dips to $2,170 apiece, slightly below where it closed […]
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David Tepper tells Cramer he’s covered his Nasdaq short, thinks selling could be ending
“What he really is focused on, if we get down to [S&P 500] 3,600 to 3,500, he’s not going to be a trader,” David Tepper told Jim Cramer on Tuesday. Source
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Visa’s top crypto executive Terry Angelos leaves for Softbank-backed brokerage start-up DriveWealth
Terry Angelos, Visa’s global head of fintech and crypto. DriveWealth One of Visa’s top executives is leaving the payments giant for a brokerage technology start-up, CNBC has learned. Terry Angelos, Visa’s global head of fintech and crypto, will take over as chief executive officer of start-up DriveWealth next week. Angelos joined Visa seven years ago […]
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‘We’re doing a job. We’re connecting people’: Emirates CEO defends continued flights to Russia
Emirates Airline has defended its decision to continue its flights to Russia even as other international carriers have halted service, saying that people and government decisions should not be conflated. Speaking to CNBC Tuesday, the chairman and CEO of the Dubai state airline said that it had not received any instruction from the government to […]
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Tom Brady agrees to join Fox Sports as lead NFL game day analyst whenever his career ends, CEO Lachlan Murdoch says
Tom Brady of the Tampa Bay Buccaneers waves to fans at Raymond James Stadium in Tampa, Florida, on Sept. 9, 2021. Julio Aguilar | Getty Images Tampa Bay Buccaneers quarterback Tom Brady has agreed to join Fox Sports as the broadcast network’s lead National Football League analyst when his career concludes, Fox Chief Executive Officer […]
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Britain, EU say Russia behind cyberattack against satellite internet modems in Ukraine
Michael Bocchieri | Getty Images Russia was behind a massive cyberattack against a satellite internet network which took thousands of modems offline at the onset of the war in Ukraine, Britain and the European Union said on Tuesday. The digital assault against Viasat’s KA-SAT network in late February took place just as Russian armor pushed […]
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How the digital sneaker boom changed Foot Locker’s business
Foot Locker dominates the brick-and-mortar footwear category as the largest footwear retailer in the world. Its 2,900 stores worldwide span several brands, including Lady Foot Locker, Kids Foot Locker and Champs Sports. Since 2015, however, digital sneaker retailers have grown rapidly with the establishment of online marketplaces like StockX and GOAT. New brick-and-mortar streetwear stores […]
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5 things to know before the stock market opens Tuesday
Here are the most important news, trends and analysis that investors need to start their trading day: 1. Wall Street set to rise after S&P 500 hits lowest level in over a year Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, March 22, 2022. Brendan McDermid | […]
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An Oklahoma abortion clinic was a safe haven for women fleeing Texas ban. It will shut down if Roe falls
A surgical tech and recovery room staff member, walk a patient from Texas to the recovery room following her abortion at the Trust Women clinic in Oklahoma City, U.S., December 6, 2021. Evelyn Hockstein | Reuters The Tulsa Women’s Clinic, one of four abortion providers in Oklahoma, might have to shut down completely as soon […]
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