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Posts published in “Finance”

NBA champion, Boston Celtics legend Bill Russell dies at age 88

Boston Celtics legend Bill Russell died Sunday at age 88, according to an announcement from his family.Russell, a 5-time NBA MVP and 12-time All-Star, was the first player to win an Olympic Gold Medal, an NBA Championship and a college title.His storied career has also included a Presidential Medal of Freedom, induction into the Naismith…

Elon Musk’s Friendship With Sergey Brin Ruptured by Alleged Affair

By Kirsten Grind and Emily GlazerUpdated July 25, 2022 12:30 am ETElon Musk engaged in a brief affair last fall with the wife of Sergey Brin, prompting the Google co-founder to file for divorce earlier this year and ending the tech billionaires’ long friendship, according to people familiar with the matter.Their falling out is one…

Dow Jones Futures: Apple Leads Earnings Wave, Fed Rate Hike Looms; What To Do Now | Investor’s Business Daily

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‘Awful’ Snap Sales Wipe $47 Billion From Social Media Stocks

(Bloomberg) -- US social-media giants shed nearly $47 billion in market value in extended trading Thursday, as disappointing revenue from Snap Inc. raised concerns about the outlook for online advertising.Most Read from BloombergAmericans Who Can’t Afford Homes Are Moving to Europe InsteadMusk Lieutenant Scrutinized in Internal Tesla Purchasing ProbeThese Are the World’s Most (and Least)…

Dow Rises More Than 600 Points as Investors Seek Clues From Earnings

U.S. stock indexes recorded their biggest one-day gains in nearly a month Tuesday, as investors reacted positively to a fresh batch of company earnings reports. The S&P 500 added 105.84 points, or 2.8%, to end the day at 3936.69. The tech-focused Nasdaq Composite gained 353.10 points, or 3.1%, to 11713.15 , and the Dow Jones…

Live: Boris Johnson Battles for Survival; 2 U.K. Cabinet Ministers Quit

ImagePrime Minister Boris Johnson, center; Rishi Sunak, the chancellor of the Exchequer, right; and Sajid Javid, health secretary, in April.Credit...Pool photo by Frank AugsteinPrime Minister Boris Johnson of Britain was battling for his political survival Tuesday night after the bombshell resignations of two of his top cabinet officers. The resignations appeared to be a coordinated…

Coinbase to Lay Off 18% of Staff as Cryptocurrencies Continue to Struggle

Cryptocurrency exchange Coinbase Global Inc. said it is cutting almost a fifth of its staff because the company had grown too quickly and a potential recession “could lead to another crypto winter.” The company said Tuesday it will reduce its workforce by 1,100 employees, or about 18% of its staff, as part of its efforts…

Mortgage rates are on the rise again

Houses and Homes Now playing Typical monthly payment for US home up 42% in a year Now playing Redfin Chief Economist: Despite signs of the housing market cooling, prices will stay high Now playing Home buyers aren't using a realtor. Here's what they're doing instead Now playing 'Puts me on the street': Americans forced out…

SEC’s Revamp of Stock-Trading Rules Faces Criticism From Wall Street

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