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Banking, Stocks

“Goldman Sachs misses revenue estimates after taking $470 million hit on Marcus loans”

April 18, 2023

“Goldman Sachs posted first-quarter profit on Tuesday that missed analysts’ expectations for revenue after taking a $470 million hit tied to the sale of consumer loans. Here’s what the company reported: The bank said earnings fell 18% to $3.23 billion,… Continue Reading…

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Personal Finance

“74% say they can’t count on Social Security when planning for retirement…”

April 17, 2023

“Almost three-quarters, 74%, of people say they cannot count on Social Security benefits when it comes to the money they will have in retirement, according to a new survey from Allianz Life Insurance Company of North America….” https://www.cnbc.com/2023/04/15/74percent-say-they-cant-count-on-social-security-benefits-what-not-to-do.html Well if… Continue Reading…

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Business

“Sega to acquire Angry Birds maker Rovio for $776 million”

April 17, 2023

“Japanese gaming giant Sega announced Monday it has made a 706 million euro ($776 million) offer for the maker of the Angry Birds puzzle game, Finland’s Rovio Entertainment Oyj. The deal would be for the entirety of Rovio’s outstanding shares… Continue Reading…

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Stocks

“Shares of Roblox fall 12% after company releases March update”

April 17, 2023

“Shares of Roblox tumbled 12% on Monday after the gaming company released its March 2023 metrics report that showed it expects average bookings per daily user to fall year over year. Roblox’s estimated average bookings per daily active user were between $3.73 and… Continue Reading…

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Economy, Energy

[Bad Idea] “Walmart will add thousands of EV charging stations to stores by 2030”

April 10, 2023

“Walmart announced Thursday it plans to add electric vehicle charging stations to thousands of U.S. stores by 2030. The company announced it would expand its EV fast-charging network to Walmart and Sam’s Club locations across the country, adding to the… Continue Reading…

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Economy, Energy

“EPA reportedly planning to announce significant limits on tailpipe emissions to boost electric vehicle adoption”

April 10, 2023

“The Environmental Protection Agency is preparing to announce significant limits on tailpipe emissions this week that would require as much as 67% of new vehicles sold in the U.S. by 2032 to be all-electric cars, according to a report by… Continue Reading…

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Business, Stocks

“Bed Bath & Beyond proposes reverse stock split as it struggles to avoid bankruptcy”

April 7, 2023

“Bed Bath & Beyond wants shareholders to approve a reverse stock split at an upcoming special meeting, as the retailer keeps working to avoid filing for bankruptcy, according to a securities filing late Wednesday.  The retailer’s board is calling on… Continue Reading…

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Economy

“China’s recovery is taking longer than expected, so Citi is pushing back its stock rebound forecasts”

April 7, 2023

“…Instead of June, Citi now expects it will now take until the end of September for the Hang Seng Index to reach 24,000, analysts said in a report Thursday. That’s about 18% above current levels. The Hang Seng Index closed… Continue Reading…

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Economy

“Job growth totals 236,000 in March, near expectations as hiring pace slows”

April 7, 2023

“…The Labor Department reported Friday that payrolls grew by 236,000 for the month, compared to the Dow Jones estimate for 238,000 and below the upwardly revised 326,000 in February. The unemployment rate ticked lower to 3.5%, against expectations that it… Continue Reading…

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Banking

“Frank founder criminally charged with fraud over $175 million JPMorgan deal”

April 5, 2023

“The Justice Department on Tuesday criminally charged Charlie Javice, founder of college financial planning platform Frank, with defrauding JPMorgan Chase out of $175 million.  Javice, 31, is accused of “falsely and dramatically” inflating the number of customers Frank actually had… Continue Reading…

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