Business
It’s been a rough year for crypto — but investors still may have a tax bill. Here’s how to prepare
After a rough year for cryptocurrency, taxes may not be a top priority for digital currency investors battered by steep losses. But the falling crypto market and the recent collapse of digital currency exchange FTX may affect next year’s tax bill — and beyond, according to financial experts. Despite recent losses, “gains from earlier in […]
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Toyota unveils new Prius hybrids amid skepticism of its EV strategy
2023 Toyota Prius Prime plug-in hybrid electric vehicle Toyota Toyota Motor is not giving up on its flagship Prius hybrid anytime soon, despite investing billions in all-electric vehicles amid criticism it hasn’t moved fast enough into the emerging segment. The automaker late Tuesday revealed new versions of the Prius hybrid and Prius Prime, a plug-in […]
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Sell pandemic darling Zoom Video before it falls even further, Citi says
There’s even more downside for telecommunications stock Zoom Video , according to Citi. Analyst Tyler Radke lowered his price target on the stock to $72 per share from $76 per share and maintained a sell rating on the company, saying that a tougher macro environment and rising competition will hurt the company’s growth prospects. Radke’s […]
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5 things to know before the stock market opens Wednesday
Traders work on the floor of the New York Stock Exchange (NYSE) in New York, November 15, 2022. Brendan McDermid | Reuters Here are the most important news items that investors need to start their trading day: 1. We can trade it for you wholesale The producer price index, which gauges inflation in wholesale prices, […]
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Insurance stock Oscar Health is a buy and can jump nearly 40%, Wells Fargo says in upgrade
Oscar Health could be primed for big gains after a tough year, according to Wells Fargo. Analyst Stephen Baxter upgraded the stock to overweight from equal weight, but lowered his price target, saying the outlook for the health insurance company appears “favorable” after the stock cratered 63% in 2022. “While the range of outcomes remains […]
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Raymond James downgrades Home Depot, says there are challenges ahead despite solid earnings report
Hold off on Home Depot for now, according to Raymond James. Analyst Bobby Griffin downgraded shares of Home Depot to market perform from outperform, foreseeing challenges next year for the housing sector. “Our change in opinion is not a reflection of Home Depot’s execution (has been solid), but more so our view that the risk/reward […]
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Lowe’s reports revenue increase, beating Wall Street’s expectations
A Lowe’s employee walks through the store during the grand opening of the Lowe’s store in San Francisco, California. Getty Images Lowe’s reported third-quarter earnings on Wednesday that beat analysts’ expectations, with revenue up compared to the same period last year. The home improvement retailer also updated its guidance, lowering the top end of its […]
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Burger King owner Restaurant Brands hires former Domino’s CEO Patrick Doyle as chair
Patrick Doyle Scott Mlyn | CNBC Restaurant Brands International announced Wednesday that it is hiring former Domino’s Pizza CEO Patrick Doyle as its executive chair. Doyle, 59, was chief executive of Domino’s from 2010 to 2018, and oversaw the pizza chain’s transformation into a digital powerhouse in the restaurant industry. When he took the reins […]
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Target will report earnings before the bell — here’s what to expect
A sign outside of a Target department store on June 07, 2022 in Miami, Florida. Target announced that it expects profits will take a short-term hit, as it marks down unwanted items, cancels orders and takes aggressive steps to get rid of extra inventory. Joe Raedle | Getty Images Target on Wednesday will report its […]
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Watch NASA try again to launch the Artemis 1 lunar mission after months of delays
It’s launch day for NASA, again. The space agency is aiming to launch its Artemis I moon mission in the early hours of Wednesday morning, after technical issues delayed previous attempts over the last three months. The agency’s towering Space Launch System (SLS) rocket and Orion capsule are scheduled to lift off during a two-hour […]
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