World
EBay stock sinks after lackluster Q4 guidance, election distraction
A sign is posted in front of eBay headquarters in San Jose, California. Justin Sullivan | Getty Images Shares of eBay slumped about 9% in extended trading on Wednesday after the online marketplace issued guidance for the fourth quarter that fell short of Wall Street’s expectations. Here’s how the company did in the third quarter: […]
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Coinbase shares tumble as muted crypto trading leads to a third-quarter miss
Monitors display Coinbase signage during the company’s initial public offering (IPO) at the Nasdaq MarketSite in New York, on Wednesday, April 14, 2021. Michael Nagle | Bloomberg | Getty Images Coinbase Wednesday reported weaker-than-expected third-quarter results, weighed down by muted trading in the cryptocurrency market. The stock fell more than 4% in extended trading. Here’s […]
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Meta’s Reality Labs posts $4.4 billion loss in third quarter
Meta CEO Mark Zuckerberg presents Orion AR Glasses as he makes a keynote speech during the Meta Connect annual event at the company’s headquarters in Menlo Park, California, on Sept. 25, 2024. Manuel Orbegozo | Reuters Despite Meta’s successful showcase of its Orion prototype AR glasses in September, the social media giant continues to lose […]
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Ray Dalio concerned about America postelection: ‘Both candidates worry me’
Ray Dalio speaking with CNBC at the Future Investment Initiative in Riyadh, Saudi Arabia, on Oct. 30, 2024. CNBC A postelection America worries U.S. billionaire Ray Dalio, who called for reforms numerous times amid a political landscape rife with what he views as irreconcilable differences between both Democratic and Republican parties. Speaking at the Future Investment […]
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What investors should look for as Meta, Microsoft report earnings Wednesday
Another busy day of megacap technology earnings kicks off Wednesday with results from Meta Platforms and Microsoft after the bell. Capital expenditures spending remain top of mind for investors this reporting season after concerns about the payoffs from artificial intelligence investments dented sentiment and pressured the behemoths earlier this year. Those concerns haven’t dissipated, with […]
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S&P 500 to move 2% on election, with some markets set to be even more volatile, options indicate
Options traders are buckling down for outsized volatility around next week’s election, according to Goldman Sachs. John Marshall of the bank’s derivatives research team said in a note to clients that options market pricing is pointing to a big move for the S & P 500 next week, and even bigger moves for certain groups […]
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UK borrowing costs spike after extensive tax hikes announced in budget
Britain’s Chancellor of the Exchequer Rachel Reeves poses with the red budget box outside her office on Downing Street in London, Britain October 30, 2024. Maja Smiejkowska | Reuters LONDON — U.K. borrowing costs on Wednesday touched their highest level since Labour took office, after Finance Minister Rachel Reeves unveiled a vast package of tax […]
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Sigh of relief for UK tech founders as Labour hikes capital gains tax by less than feared
On Monday, British tech lobby group Startup Coalition warned in a blog post that there was a risk Reeves’ tax plans could result in a tech “brain drain.”. (Photo by Oli Scarff/Getty Images) Oli Scarff | Getty Images LONDON — Britain’s Labour government on Wednesday announced plans to raise the rate of capital gains tax […]
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AstraZeneca says its China operations president under investigation
The office building of biopharmaceutical company AstraZeneca is being seen in Shanghai, China, on May 23, 2024. Nurphoto | Getty Images AstraZeneca‘s China president is under investigation and is cooperating with Chinese authorities, the company said on Wednesday, sending shares down as much as 5.3%. It was not immediately clear whether the executive Leon Wang […]
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U.S. economy grew at a 2.8% pace in the third quarter, less than expected
Gross domestic product was expected to increase at a 3.1% annualized pace in the third quarter. Source
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