Kristalina Georgieva was accused Thursday in an official report of having applied “undue pressure” to boost China's rankings in World Bank report.
Yahoo Finance's Emily McCormick breaks down the numbers to know from Snapchat's Q3 earnings report.
What happened Shares of IBM (NYSE: IBM) fell 9.5% on Thursday after the global technology company's third-quarter results came up short of investors' expectations. So what IBM's revenue inched up 0.
Yahoo Finance's Dan Howley talks Intel's earnings.
The 5.8%-yielding oil and gas stock's third-quarter numbers failed to impress the market, but investors don't have to worry.
Nvidia (NASDAQ: NVDA) stock popped 2% as of 12:15 p.m. EDT, after the maker of semiconductors for video games and other uses announced its next-generation cloud gaming platform, GeForce RTX 3080-class gaming on GeForce NOW. Didn't Nvidia actually announce the latest development on GeForce NOW last month? For that matter, didn't it announce the opening of the cloud gaming platform early last year?
Chinese regulators are softening their tough treatment of the ride-hailing outfit, although the benefit of their advice is in question.
Yahoo Finance's Dan Howley breaks down the numbers to know from IBM's Q3 earnings report.
Photo by Towfiqu barbhuiya on Unsplash Many Americans worry they’re not saving enough for retirement, and rightfully so. A recent Northwestern Mutual study found that 71% of U.S. adults admit their financial planning needs improvement. However, only 29% of Americans work with a financial advisor. The value of working with a financial advisor varies by person and advisors are legally prohibited from promising returns. Still, research suggests people who work with a financial advisor feel more at
Shares of Digital World Acquisition (NASDAQ:DWAC) soared 357% on Thursday after the special purpose acquisition company (SPAC) announced a deal to merge with Trump Media & Technology Group. Should it receive shareholder and regulatory approval, the merger would allow Trump Media & Technology Group to become a publicly traded company. Trump Media & Technology Group said it plans to launch a new social network to "create a rival to the liberal media consortium and fight back against the Big Tech companies of Silicon Valley, which have used their unilateral power to silence opposing voices in America."
Forget your inflation fears. Wood sees decades of big gains ahead.
Roblox Corp (NYSE: RBLX) shares are trading higher by 5.6% at $83.00. The stock spiked following a tweet from a Bloomberg report stating Google is lowering its cut from subscriptions on Google Play from 30% to 15%. Mark Gurman tweeted: "Google is lowering its cut from all subscriptions on Google Play to 15% from 30% -- from day 1. The reduction previously only took effect on the first $1 million in revenue and for users who subscribed longer than a year. Change doesn't apply to in-app-purchases
Raising tax rates on corporations and high-income households is a key part of Democrats’ plan to pay for their proposed multi-trillion-dollar social spending plan, but opposition to that approach from Sen. Kyrsten Sinema of Arizona has sent lawmakers scrambling to find alternative ways to offset costs. Given Sinema’s resistance, there’s a growing chance that the corporate income tax rate could remain untouched in the Democratic budget bill. Even the compromise rate of 25% reportedly preferred by
Investors sent Intel stock further into the red as company executives outlined aggressive spending plans on a conference call with analysts. Intel stock (Nasdaq: INTC) was down at times more than 9% despite a mixed third quarter financial performance that saw the company beat expectations on earnings per share. The major sticking point appeared to be around a dip in gross margins that CEO Pat Gelsinger said would be down for two to three years while the company spends to get back to a leading edge product position.
The growth stock's decline came after shares surged on Thursday following reports that PayPal (NASDAQ: PYPL) may have been considering buying Pinterest. Pinterest's decline on Thursday, therefore, likely reflects the stock cooling off as investors wonder whether the rumor will pan out or not. Furthermore, there are concerns that recent weakness in PayPal stock since the buyout rumor started spreading could threaten the deal.
After uproar over a proposal to have banks tell the Internal Revenue Service about their customers’ annual cash-flow information, the Biden administration and congressional Democrats unveiled a new, pared-down proposal on Tuesday. Now the question is whether this version of the proposed reporting requirement, which would kick in at the $10,000 mark instead of covering transactions above a $600 threshold, will, if it passes, win over critics and help the IRS catch tax cheats. In the Biden administration’s bid to ensure rich households pay their full tax bill, they proposed months ago that bank, loan and investment accounts report to the IRS on their customers’ aggregate “inflow” and “outflow” above the $600 point on a yearly basis.
Trump's Truth Social needs Section 230 to survive.
Shares of Digital World Acquisition Corp (DWAC), the special purpose acquisition company which will merge with former President Trump's social media company soared 356% on Thursday. Trading was briefly halted for volatility as retail investors piled on the stock.
Kapil Rathi, CrossTower Co-Founder and CEO, joins Yahoo Finance Live to discuss the cryptocurrency space amid the launch of ProShares’ Bitcoin ETF.
Welcome to the public markets, hot dog chain Portillo's.
After falling yesterday, shares of Plug Power (NASDAQ: PLUG) are roaring back today as the pessimism that plagued the fuel cell specialist's stock on Wednesday seems to be waning. The catalyst for today's movement appears to be news that the company is progressing in its plans to develop a green hydrogen production facility in its home state of New York. As of 10:25 a.m. EDT on Thursday, shares of Plug Power were up 5.7%.