Atlassian Corp.’s (TEAM) stock fell more than 13% after market close Thursday after the software maker reported a widening second-quarter loss. The company reported a net loss of $205 million, or 80 cents a share, compared with a net loss of $22.3 million, or 9 cents a share in the same period last year. The second-quarter net loss includes a non-recurring income tax charge of $83.1 million, which increased net loss per share by 32 cents.
For the third consecutive week, the weekend promises to be decisive for the banking sector, as investors fear that Silicon Valley Bank's difficulties will spread. On March 10 regulators had to shut down the bank, resulting in the second-biggest bank failure in American history, after the collapse of Washington Mutual in the financial crisis of 2008. The crisis also reached Europe, pushing the Swiss government to force UBS to urgently buy its compatriot Credit Suisse for the modest sum of $3.24 billion.
The brokerage’s stock has plunged by more than a third this year as customers yank cash from low-yielding “sweep” accounts. What’s ahead.
Twitter is apparently offering demoralized employees new equity grants that will start to vest after six months.
The fall of 167-year-old Credit Suisse , which UBS committed to acquire on March 19, has thrown the European banking world in crisis. Shares of Stoxx Europe 600, which is made up of the 600 biggest banks in Europe, are down 4% from a month ago while German giant Deutsche Bank 's stock has been falling for three consecutive days. Over the last few years, Deutsche Bank in particular has been through a lot of tumult.
Recent turmoil = a more bullish outlook? Here's how
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Cathie Wood, ARK Invest unloaded $27 million in Tesla stock Thursday to buy the dip on Coinbase as shares tumbled following a SEC warning.
Market turmoil is sending nervous investors into cash, but there are several options better than parking it in a mattress.
Tesla wants to continue to dominate the automotive industry in the coming years. After seeing the rivals get closer, Elon Musk's group has unleashed an offensive in recent months to repel them. Tesla has lowered the prices of all its models, from the popular Model 3 and Model Y to the very luxurious Model X and Model S.
Required minimum distributions (RMDs) are the minimum amount that you must withdraw from certain tax-advantaged retirement accounts. They begin at age 72 or 73, depending on your circumstances and continue indefinitely. There is, unfortunately, no age when RMDs stop. You … Continue reading → The post At What Age Do RMDs Stop? appeared first on SmartAsset Blog.
The market rally attempt rose in a volatile week, but hasn't broken out or broken down. Here's what to do. Microsoft and Tesla are near buy points.
Citi really fears the "knock-on impact from various media headlines on depositors psychologically," regardless of whether the initial reasoning was correct.
All deliberations are at an early stage and an expansion of the Federal Reserve's emergency lending program is one of the many considerations by officials to support the failing lender, the report said, citing people with knowledge of the situation. While any changes to the Fed's liquidity offerings would apply to all eligible users, the adjustments could be designed to ensure that First Republic benefits from the changes, Bloomberg said. Representatives for the U.S. Treasury, Federal Deposit Insurance Corporation (FDIC) and First Republic Bank declined to comment.
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Medicare Advantage plans are an increasingly popular alternative to Traditional Medicare, but you need to be careful before signing up.
A big drop in demand for diesel fuel may be due to slowing economic growth in the U.S., especially in the heavy industry and construction sectors.
The regional bank has submitted a bid to the Federal Deposit Insurance Corp (FDIC), the report said, citing people familiar with the matter. The FDIC which now controls the Silicon Valley Bank assets, when asked for a comment on the report said it is not confirming or commenting on names being reported as potential bidders for SVB. Valley National Bancorp did not immediately respond to a request for comment.
Patience is key in any real estate venture.
The billionaire is upset that Twitter's San Francisco offices were a ghost town on Wednesday, despite rolling out a return-to-office mandate last November.
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