In this article BYND Beyond Meat on Wednesday reported a wider-than-expected loss for its first quarter as the launch of its new plant-based jerky weighed heavily on margins. Shares of the company fell as much as 25% in extended trading, extending the stock’s losses from earlier in the day. Beyond’s stock closed Wednesday down 13.8%
Joe Raedle | Getty Images News | Getty Images Social Security beneficiaries could see another record cost-of-living adjustment in 2023, based on the latest government data showing persistent high inflation. But that increase may not be enough to pare the loss in buying power recipients have experienced over the years, according to a new analysis
In this article BTC.CM= LUNA.CM= ETH.CM= Bitcoin, the world’s largest cryptocurrency, has fallen over 50% since setting an all-time high of nearly $69,000 in November. Dan Kitwood | Getty Images The two main tokens from embattled crypto project Terra are now in freefall. UST, a so-called stablecoin that’s meant to maintain a $1 peg, plunged
In this article GBTC Michael Sonnenshein, CEO, Grayscale Investments at the NYSE, April 18, 2022. Source: NYSE Grayscale, the asset manager running the world’s largest bitcoin fund, met privately with the Securities and Exchange Commission last week in an effort to persuade the regulator to approve the conversion of its flagship fund into an ETF,
In this article MCD The logo for McDonald’s is seen on a restaurant in Arlington, Virginia, January 27, 2022. Joshua Roberts | Reuters McDonald’s franchise owners are expressing concern and frustration over a new grading system the fast food giant is planning to roll out early next year, with some saying it is poor timing
Luis Alvarez | Digitalvision | Getty Images Inflation is hovering near 40-year highs. The Consumer Price Index, a key inflation metric, increased 8.3% in April from a year ago, the largest jump since the summer of 1982, the U.S. Department of Labor said Wednesday. While a slight reduction from the 8.5% rate in March, the
Retired soccer player and two-time Olympic gold medalist Abby Wambach says she’s gotten used to “flipping tables” – and she wants to pass advice on how to advocate for yourself to others. At Loyola Marymount University’s commencement ceremony on Saturday, Wambach told the undergraduate audience about a lesson she’s learned to consistently practice: how to
Getty Images Despite fears of outliving savings, most Americans still want to live longer, a study on longevity and retirement shows. Nearly 70% of Americans want to live to age 100, with 29 years as the “ideal length” for retirement, according to an Edward Jones and Age Wave report that polled 11,000 adults in the
Sallie Krawcheck, CEO and co-founder of Ellevest and author of “Own It: The Power of Women at Work.” Slaven Vlasic | Getty Images Entertainment | Getty Images Sallie Krawcheck knows what it is like to be one of the few women in the room. She led the wealth management business of a major Wall Street
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, April 28, 2022. Brendan McDermid | Reuters Stock futures dipped in overnight trading Tuesday ahead of a key inflation reading. Futures on the Dow Jones Industrial Average shed about 35 points, or 0.1%. S&P 500 futures eased 0.1% and
Travelers wait in line at Newark Liberty International Airport (EWR) in Newark, New Jersey, on Monday, Jan. 3, 2022. Christopher Occhicone | Bloomberg | Getty Images Packed planes and more expensive tickets drove down customer satisfaction with airlines for the first time in a decade over the past year, according to a J.D. Power survey
As countries across Asia reopen to international travelers, Japan — one of the continent’s most popular destinations — remains firmly closed. That may soon change. Prime Minister Fumio Kishida announced Thursday at a news conference in London that Japan will ease border controls in June. Locals often celebrate the easing of pandemic-related border restrictions, but some
In this article COIN Monitors display Coinbase signage during the company’s initial public offering (IPO) at the Nasdaq MarketSite in New York, U.S., on Wednesday, April 14, 2021. Michael Nagle | Bloomberg | Getty Images Coinbase reported first-quarter results that missed analysts’ revenue estimates after the bell on Tuesday. Shares fell more than 15% in
In this article BTC.CM= Investors in bitcoin are in panic mode as the controversial terraUSD stablecoin slips further from its intended $1 peg. TerraUSD, or UST, sank below 70 cents for the first time late Monday, as holders continued to flee the token in what some have described as a “bank run.” The token fell
In an interview Tuesday with CNBC’s Jim Cramer, Upstart Holdings CEO David Girouard sought to downplay investor concerns about the increased loan balance held on the financial technology firm’s balance sheet at the end of its first quarter. Shares of the artificial intelligence lending platform plunged 56.42% Tuesday, closing at $33.61 apiece, one day after
In this article RBLX David Baszucki, Co-Founder and CEO, Roblox, speaks during the Milken Institute Global Conference on May 2, 2022 in Beverly Hills, California. Patrick T. Fallon | AFP | Getty Images Roblox shares fell about 10% in extended trading on Tuesday after the kids’ video game company issued first-quarter results that trailed analysts’
Add the global economy to Bill Gates’ growing list of concerns these days. On Sunday, the billionaire Microsoft co-founder told CNN’s “Fareed Zakaria GPS” that he believes factors like Russia’s war in Ukraine and the pandemic’s economic fallout create a “strong argument” that the world will see an economic slowdown in the near future. “It
In this article PTON A Peloton stationary bike for sale at the company’s showroom in Dedham, Massachusetts, U.S., on Wednesday, Feb. 3, 2021. Adam Glanzman | Bloomberg | Getty Images Peloton on Tuesday reported a wider-than-expected quarterly loss and a steep decline in sales, as inventory piled up in warehouses and ate away at the
Hero Images | Getty Images Deciding when to claim Social Security retirement benefits is a complicated decision. But when two people are in the mix — particularly a couple where one spouse is the primary breadwinner — the decision may be even more complex. New research from Lafayette College takes a look at how Social
Athima Tongloom | Moment | Getty Images The share of job ads that require candidates to have a Covid-19 vaccine seems to be on the decline. About 6.7% of U.S. job listings cited vaccination as a necessity for applicants as of April 29, according to a new analysis by AnnElizabeth Konkel, an economist at Indeed,
Mike Blake | Reuters Gun homicides in the U.S. reached their highest level in more than 25 years during the Covid-19 pandemic, according to the Centers for Disease Control and Prevention. Homicides from guns rose 35% during the first year of the pandemic to the highest level since 1994, according to a CDC Morbidity and
To keep up with rising prices, many consumers are leaning on their credit cards. Credit card balances rose year over year, reaching $841 billion in the first three months of 2022, according to data released Tuesday from the Federal Reserve Bank of New York. Although balances fell slightly from where they stood at the end
In this article SOFI Pedestrians walk by the SoFi Technologies headquarters on February 22, 2022 in San Francisco, California. Justin Sullivan | Getty Images Shares of SoFi fell sharply on Tuesday and were halted after the company accidentally released its first-quarter results early. The company said the report, which was scheduled for after market close
Morsa Images | E+ | Getty Images Soaring inflation, interest rate hikes and the war in Ukraine have sparked ongoing stock market volatility. But there may be a bright spot: the chance to save money on a Roth conversion. The strategy allows higher earners to sidestep the earnings limits for Roth individual retirement account contributions,
In this article UPST In this photo illustration an Upstart Holdings logo is seen on a smartphone screen. Pavlo Gonchar | SOPA Images | LightRocket | Getty Images Shares of Upstart plummeted Tuesday after the artificial intelligence lending platform cut its full-year revenue outlook, citing rising interest rates and an uncertain economy. The company had
Truck drivers, such as the one pictured here in Shanghai in late April, typically need to show valid negative virus tests in order to move goods between cities in China. The American Chamber of Commerce in China said members have reported varying implementation of Covid controls depending on city and province. Vcg | Visual China
Traders on the floor of the NYSE, May 6, 2022. Source: NYSE U.S. stock futures are slightly higher on Monday night after the S&P 500 fell to its lowest point in more than a year. Dow Jones Industrial Average futures rose by 65 points, or 0.2%. S&P 500 and Nasdaq 100 futures climbed 0.2% and
A woman takes a photo of Andy Warhol’s ‘Shot Sage Blue Marilyn’ during Christie’s 20th and 21st Century Art press preview at Christie’s New York on April 29, 2022 in New York City. (Photo by Angela Weiss / AFP) (Photo by ANGELA WEISS/AFP via Getty Images) Angela Weiss | Afp | Getty Images Andy Warhol’s
Nicolas Economou | NurPhoto | Getty Images Top cryptocurrencies are continuing their rough start to the year, falling alongside stocks. Bitcoin slumped more than 6% Monday, falling below $33,000, according to Coin Metrics. The digital coin is now more than 50% from its all-time high near $69,000 in November and has shed more than 30%
In this article BTC.CM= Pedestrians walk past a display of cryptocurrency Bitcoin on February 15, 2022 in Hong Kong, China. Anthony Kwan | Getty Images A multibillion-dollar bet that bitcoin can act as a “reserve currency” for the crypto economy is already being tested as UST, a controversial stablecoin, struggles to maintain its $1 peg.
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