A market rally on Friday accented by higher tears from some battered and bruised tech stocks that faltered last year make this year’s price action look a lot like the rally in 2021. Beat names including Tesla (TSLA), Carvana (CVNA) and Coinbase (COIN) each rose more than 10% on Friday. Cathie Wood’s ARK Innovation ETF … Read more
CNN — Progressive and State Farm, two of the largest U.S. auto insurers, are refusing to underwrite policies in certain cities for certain older Hyundai and Kia models that have been deemed too easy to steal, the companies say. Several reports indicate that companies have stopped offering insurance on these vehicles in cities such as … Read more
Tesla (TSLA) stock surges for a second day as investors and analysts continue to break down what was revealed during Tesla’s fourth quarter earnings report. With Tesla pounding both up and down, CEO Elon Musk’s comments on the conference call really piqued investors’ interest. One of the juiciest nuggets: After price cuts in January this … Read more
American Express, Visa and Mastercard signage is displayed in a storefront in New York. Scott Eells | Bloomberg | Getty Images Find out which companies are making headlines in the midday business. American Express – The credit card company saw its shares jump 11% after it released upbeat earnings and revenue forecasts for 2023 that … Read more
It has bothered me all my life. My father left my family when I was 7 years old. I don’t know how much child support he paid my mother. Shortly after graduating from college, he visited me for the first time since leaving the family. He told me that he wanted to send me money … Read more
The ‘day in the life’ video of a fired Google worker on TikTok has gone viral as she captured her heartbreak after finding out she was one of 12,000 female workers fired by the tech giant earlier this week. Nicole Tsai, a TikTok “vlogger” based in Southern California, breaks down in tears in the video … Read more
New York CNN — Normally, prices at the gas pump drop in the dead of winter, as bad weather keeps Americans off the roads. But something unusual is happening this year: gasoline prices are skyrocketing. The national average for regular gasoline jumped to $3.51 a gallon on Friday, according to AAA. Although that’s a far … Read more
New York CNN — Recently unsealed bankruptcy documents have revealed thousands of creditors who FTX owes after the once-mighty crypto exchange collapsed in November. Wall Street heavyweights including Goldman Sachs and JPMorgan were named to the list of creditors, which includes businesses, charities, individuals and other entities in a 116-page document filed late Wednesday. FTX … Read more
A growing wave of layoffs could sweep Silicon Valley, but the hottest job on the market right now is in tech: full-stack developer. Full-stack developers have earned the top spot in Indeed’s annual “Best Jobs” ranking in the US, thanks to a strong 10-year outlook and growing demand for these skilled professionals across multiple industries. … Read more
Consumers spent less in December even as a measure of inflation considered key by the Federal Reserve showed the pace of price increases was slowing, the Commerce Department reported on Friday. Personal consumption expenditure excluding food and energy rose 4.4% from a year ago, down from 4.7% in November and in line with the Dow … Read more
