Month: August 2022
Stocks making the biggest moves after hours: Coinbase, Sweetgreen, Roblox and more
In this photo illustration, the Coinbase logo is displayed on a smartphone screen. Rafael Henrique | SOPA Images | Lightrocket | Getty Images Check out the companies making headlines in after hours trading. Coinbase – Coinbase fell more than 3.5% in afterhours trading after reporting quarterly earnings. The company missed analyst expectations on both revenue […]
Read More
Coinbase shares drop on billion-dollar loss in second quarter and revenue miss
Brian Armstrong, CEO and Co-Founder, Coinbase, speaks during the Milken Institute Global Conference on May 2, 2022. in Beverly Hills, California. Patrick T. Fallon | AFP | Getty Images Coinbase shares dropped in extended trading on Tuesday after the crypto exchange reported a loss of over $1 billion in the second quarter and missed analysts’ […]
Read More
Chipotle to pay $20 million to NYC workers as part of settlement
Chipotle restaurant in New York City Scott Mlyn | CNBC New York City Mayor Eric Adams and city officials announced Tuesday that Chipotle has agreed pay about $20 million to roughly 13,000 workers for violating their right to predictable schedules and paid sick leave. The mayor’s office said it is the largest fair workweek settlement […]
Read More
Roblox misses on top and bottom, shares dip 12%
The New York Stock Exchange welcomes executives and guests of Roblox (NYSE: RBLX), today, Wednesday, March 10, 2021, in celebration of its Direct Listing. NYSE Roblox reported results on Tuesday that missed analyst estimates on the top and bottom lines. Here’s how the company did: Loss per share: 30 cents vs. 21 cents expected, according […]
Read More
FDA expands monkeypox vaccine authorization to increase dose supply five-fold
A health worker administers a dose of the Bavarian Nordic A/S Jynneos monkeypox vaccine at a vaccination site in West Hollywood, California, on Wednesday, Aug. 3, 2022. Jill Connelly | Bloomberg | Getty Images The Food and Drug Administration on Tuesday expanded its authorization for the monkeypox vaccine in a way that would significantly boost […]
Read More
Sweetgreen stock plummets after salad chain lowers forecast, announces layoffs and office downsizing
A worker wears a Sweetgreen Inc. hat while preparing food inside the company’s restaurant in Boston, Massachusetts. Adam Glanzman | Bloomberg | Getty Images Shares of Sweetgreen plunged 23% in extended trading Tuesday after the salad chain lowered its 2022 forecast. The restaurant company also said it will lay off 5% of its workforce and […]
Read More
Citi’s stocks to play the biggest themes of our time like automation and AI
As markets remain saddled with short-term turmoil and recession fears, one top strategist recommends investors start seeking out stocks with long-term structural growth stories. Citi’s Scott Chronert believes stocks that play into the biggest trends of our time, such as artificial intelligence and automation, could start outperforming from here. “Why are we considering themes now? […]
Read More
Biden signs ratification documents approving NATO membership for Finland and Sweden
U.S. President Joe Biden, alongside Vice President Kamala Harris, Swedish ambassador to the U.S. Karin Olofsdotter and Finnish ambassador to the U.S. Mikko Hautala, signs documents endorsing Finland’s and Sweden’s accession to NATO, in the East Room of the White House, in Washington, August 9, 2022. Evelyn Hockstein | Reuters WASHINGTON — President Joe Biden signed ratification documents Tuesday […]
Read More
Inflation Reduction Act extends ‘pass-through’ tax break limits for 2 more years. Here’s what that means for entrepreneurs
Senate Majority Leader Chuck Schumer, D-N.Y., discusses the Inflation Reduction Act on Aug. 7, 2022 in Washington, D.C. Kent Nishimura | Los Angeles Times | Getty Images Senate Democrats curtailed a tax break for certain pass-through businesses as part of the Inflation Reduction Act passed Sunday. A pass-through or flow-through business is one that reports […]
Read More
How Wall Street wooed Sen. Kyrsten Sinema and preserved its multi-billion dollar carried interest tax break
U.S. Senator Kyrsten Sinema (D-AZ) waits for an elevator to go to the Senate floor at the U.S. Capitol in Washington, U.S. August 2, 2022. Jonathan Ernst | Reuters Long before Sen. Kyrsten Sinema, D-Ariz., held up a massive spending bill that promised to create jobs, invest in clean energy and tax the rich — […]
Read More