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Business, Economy, Personal Finance

“The IRS reminds Americans earning over $600 on PayPal, Venmo, or Cash App transactions to report their earnings”

December 5, 2022

“If you use third-party payment platforms, like PayPal, Venmo or Cash App, to collect payments for your side gig or business, the Internal Revenue Service (IRS) wants to remind you to report payments of at least $600. This rule is aimed at individuals who… Continue Reading…

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Business, Stocks

“Berkshire Hathaway’s operating earnings jump 20%, conglomerate buys back another $1 billion in stock”

November 7, 2022

“…Insurance-investment income came in at $1.408 billion, up from $1.161 billion a year earlier. Earnings from the company’s utilities and energy businesses came in at $1.585 billion, up from $1.496 billion year over year. Insurance underwriting suffered a loss of… Continue Reading…

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Stocks

“Dow pops 500 points as Wall Street applauds latest bank earnings, strong June retail sales”

July 15, 2022

“…The Dow Jones Industrial Average popped 532 points, or 1.74%. The S&P 500 jumped 1.35% and Nasdaq Composite added 1.06%, but stocks remained on track for weekly losses. A new round of bank results from Wells Fargo and Citigroup offered further insight into the state… Continue Reading…

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Business

“Netflix lays off ‘Tudum’ writers following disastrous Q1 earnings”

April 29, 2022

“The belt tightening appears to have started at Netflix: A number of journalists working for the company’s entertainment site Tudum have been laid off, according to tweets by those affected. A Netflix spokesperson told Protocol Thursday that there were no plans to… Continue Reading…

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Stocks

“Meta shares surge 15% after Facebook parent beats earnings estimates”

April 28, 2022

“Shares of Facebook parent company Meta continued to rally Thursday after the company reported better-than-expected profit in the first quarter. Meta reported earnings per share of $2.72, higher than the $2.56 expected by analysts. However, revenue came in at $27.91 billion, lower than estimates.… Continue Reading…

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Stocks

“Snap shares soar more than 53% after earnings show it’s weathering Apple’s privacy changes”

February 4, 2022

“Shares of Snap are up more than 53% Friday after the company reported its first-ever quarterly net profit and showed it’s seeing quicker-than-expected progress on its transition with advertisers around Apple’s privacy changes on iOS. It’s a big recovery from Thursday trading, when shares closed down… Continue Reading…

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Business

“Home Depot earnings top estimates fueled by 9.8% jump in sales as consumers fix up homes”

November 16, 2021

“Home Depot on Tuesday reported third-quarter earnings and revenue that beat analysts’ forecasts as customers spent more on home improvement projects. Strong demand is carrying over into the next quarter as the retailer readies for the holiday season. The company’s shares… Continue Reading…

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Business

“Berkshire’s operating earnings pop 18% last quarter with Buffett’s cash pile at record $149 billion”

November 8, 2021

“Berkshire Hathaway saw another double-digit increase in its operating profit thanks to a continuous rebound in its railroad, utilities and energy businesses from the pandemic, while the company’s cash pile hit a record high as Warren Buffett continued to sit on… Continue Reading…

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Stocks

“Coca-Cola earnings top estimates as consumers drink more beverages away from home”

October 27, 2021

“…Coke shares rose around 3% in premarket trading on the news. Here’s how the company did compared with what Wall Street analysts surveyed by Refinitiv were expecting: Earnings per share: 65 cents adjusted vs. 58 cents expected Revenue: $10.04 billion vs. $9.75… Continue Reading…

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Stocks

“GM beats Wall Street’s third-quarter estimates, guides toward ‘high end’ of 2021 earnings forecast”

October 27, 2021

“…The third quarter was expected to be a rougher one than the first half of the year for GM. Analysts, however, said they projected relatively solid results, despite a global shortage of semiconductor chips that has depleted vehicle inventories and shuttered plants.… Continue Reading…

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