business news
Secret Service seizes more than $102 million in crypto assets
WASHINGTON — The U.S. Secret Service is cracking down on illicit digital currency transactions, seizing more than $102 million in cryptocurrency from criminals in connection with fraud-related investigations. David Smith, assistant director of investigations, said agents and analysts actively track the flow of Bitcoin and other cryptocurrencies on the blockchain, similar to an old-fashioned surveillance. […]
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Stocks making the biggest moves in the premarket: Netgear, Zendesk, WeWork and more
Take a look at some of the biggest movers in the premarket: Netgear (NTGR) – Netgear tumbled 10.6% in premarket trading after the networking equipment maker reported weaker-than-expected preliminary results for the quarter that ended April 3. Netgear also cut its current-quarter revenue forecast, pointing to a weaker U.S. market for WiFi equipment. Zendesk (ZEN) […]
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Amazon gets rare neutral rating from Rosenblatt, which says inflation will hurt retail sales
The firm is ‘unconvinced’ Amazon’s core businesses in online stores and third party services will recover growth after stalling at the end of last year. Source
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J&J lowers 2022 revenue and earnings expectations, stops giving Covid vaccine sales guidance
Syringes and a box of Johnson & Johnson vaccine. Paul Hennessy | SOPA Images | LightRocket | Getty Images Johnson & Johnson on Tuesday lowered its full-year sales and earnings outlook, and stopped providing Covid-19 vaccine revenue guidance due to a global supply surplus and demand uncertainty. J&J is now forecasting 2022 sales of $94.8 […]
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Battle for Donbas: 3 reasons why Russia is shifting its war machine to east Ukraine
A tank belonging to pro-Russian rebels is seen in separatist-controlled Donetsk, Ukraine on March 11, 2022. Anadolu Agency | Anadolu Agency | Getty Images The “battle for Donbas” looks to be underway in Ukraine, as Russia concentrates its war machine on the eastern region — a major strategic, political and economic target for the Kremlin. […]
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Goldman downgrades Roblox, says user growth could slow in post-pandemic world
The gaming company’s stock performance will be hindered in the near term, but analysts say the company’s long-term outlook is intriguing. Source
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Mercedes-Benz unveils its new electric EQS SUV built in the U.S.
Mercedes-Benz electric EQS SUV Mercedes-Benz Mercedes-Benz on Tuesday took the wraps off its new EQS SUV, its first fully electric SUV built domestically for the U.S. market. The vehicle is the sibling of the EQS sedan, released last year, but with seating for up to seven people and a taller, bubblier stance. It is expected […]
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Buy WeWork as profitability is within reach, Piper Sandler says
A focus on growing revenue and cutting costs could boost the co-working space to achieve positive cash flow within two years, analysts say. Source
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Ukraine says phase two of the war has begun as Russia begins offensive in the Donbas
‘Second phase’ of war has begun, Ukraine’s chief of staff says Russia’s offensive in Ukraine has entered its second phase, a top Ukrainian official said. “Donbas. The second phase of the war has begun, but I will tell you, believe in the Armed Forces,” Andriy Yermak, President Zelenskyy’s chief of staff, said in a Telegram post, […]
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Soaring inflation is hitting retirement savings hard. Here’s how best to manage yours
Brianajackson | Istock | Getty Images As inflation soars to record highs, retirement savings are feeling the pinch, making it even more important to make sure yours is working for you. U.S. inflation rose 8.5% annually in March to hit a fresh 40-year high as the war in Ukraine pushed up energy costs, the latest […]
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