Topline The stock market fell on Tuesday—reversing a comeback rally a day earlier—as the months-long selloff on Wall Street persists with investors continuing to offload shares amid a gloomy profit outlook from Snap, which sent tech stocks plummeting and led to rising recession fears. Tech stocks were particularly hard-hit by Snap’s profit warning. Drew Angerer/Getty […]
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President Joe Biden (Photo by Scott Olson/Getty Images) Getty Images A new poll shows that young voters want President Joe Biden to cancel student loans for everyone. Here’s what you need to know. Student Loans According to a new tracking poll released Wednesday, a large, bipartisan majority of younger likely voters support student loan cancellation […]
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FILE – In this Oct. 31, 2017, file photo, former President Barack Obama, right, and former first … [+] lady Michelle Obama appear at the Obama Foundation Summit in Chicago. The publisher of Barack and Michelle Obama has pledged to donate 300,000 children’s books to a leading educational organization, adding to the 1 million copies […]
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President Joe Biden (Photo by NICHOLAS KAMM/AFP via Getty Images) AFP via Getty Images Student loans will become more expensive this year. Here are the new rates. Here’s what you need to know — and what it means for your student loans. Student Loans Bad news for student loan borrowers: student loan interest rates on […]
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Topline Stocks finished lower on Friday, adding to recent losses despite stronger-than-expected jobs data, as investors continue to remain nervous about a slowdown in economic growth and experts warn of more market downturns ahead. Stocks extended losses from Thursday’s brutal selloff. Richard Drew/ASSOCIATED PRESS Key Facts All three major indexes were down for at least […]
Read MoreWe are excited to bring Transform 2022 back in-person July 19 and virtually July 20 – 28. Join AI and data leaders for insightful talks and exciting networking opportunities. Register today! News headlines mentioning cryptocurrencies, blockchain technology and peer-to-peer finance have become common over the last years. Despite this, not everyone understands how they work […]
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Topline Stocks plunged on Friday and hit new lows for 2022, wrapping up a brutal sell-off this month as investors continued to dump tech shares amid ongoing uncertainty around an economic slowdown caused by surging inflation and the prospect of aggressive interest rate hikes. Stocks hit new lows for 2022 amid the ongoing tech sell-off […]
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Topline The vicious tech sell-off this year has hit the once high-flying FAANG stocks (Meta, Apple, Amazon, Netflix and Alphabet) particularly hard, but also created a buying opportunity for investors looking to snap up shares of these Big Tech companies at more attractive valuations, several experts argue. Some analysts say big tech stocks are today’s […]
Read More Topline The vicious tech sell-off this year has hit the once high-flying FAANG stocks (Meta, Apple, Amazon, Netflix and Alphabet) particularly hard, but also created a buying opportunity for investors looking to snap up shares of these Big Tech companies at more attractive valuations, several experts argue. Some analysts say big tech stocks are today’s […]
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Topline Shares of Google-parent company Alphabet plunged more than 5%—adding to severe losses so far this month—after the company reported lackluster first-quarter earnings on Tuesday which showed a slowdown in revenue growth while also announcing a $70 billion stock buyback. The earnings miss dragged Alphabet shares lower, with the stock down nearly 20% this month […]
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Topline The stock market tanked on Tuesday, adding to already significant losses so far this month amid ongoing concerns about an economic slowdown, while investors dumped shares of Big Tech stocks ahead of several big earnings reports. Stocks were for sale once again despite a brief respite a day earlier. Johannes Eisele/AFP via Getty Images […]
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We are excited to bring Transform 2022 back in-person July 19 and virtually July 20 – 28. Join AI and data leaders for insightful talks and exciting networking opportunities. Register today! Carbon emissions, as a key driver of environmental change, are coming increasingly under scrutiny by government regulators and in the court of investor opinion. […]
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Topline The stock market reversed gains and moved lower on Thursday following comments from Federal Reserve Chair Jerome Powell, who signaled aggressive interest rate hikes ahead while all but confirming market expectations of a half-percentage point increase at the central bank’s next policy meeting in May. It is “appropriate” to be “moving a little more […]
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We are excited to bring Transform 2022 back in-person July 19 and virtually July 20 – 28. Join AI and data leaders for insightful talks and exciting networking opportunities. Register today! Some technological innovations revolutionize the way we live and change our political, economic and social structures. The steam engine, for example, spearheaded the industrial […]
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Topline Shares of Netflix cratered over 20% in after hours trading on Tuesday after the streaming giant reported lackluster quarterly earnings that showed its first subscriber loss in more than a decade—with the company warning that it expects to lose even more in the months ahead. The popular streaming service lost subscribers for the first […]
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Topline Shares of popular stock trading app Robinhood rose roughly 5% on Tuesday after the company said it has signed a deal to buy Ziglu, a London-based cryptocurrency trading app, as it looks to lay the groundwork for expanding into the UK and Europe. Robinhood said the deal would “help accelerate” its expansion into the […]
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Topline The stock market moved lower on Monday—extending a recent losing streak—while rates surged ahead of a big week of quarterly earnings results, with investors remaining nervous about the impact of surging inflation on corporate profits and consumer spending. Investors are closely watching how inflation hits highly anticipated earnings from American … [+] Airlines, United […]
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Topline Despite a decent start for earnings season, Wall Street experts are increasingly warning that corporate profits are likely to take a hit as inflation remains a “headwind” to economic growth and pricing pressures take a bigger toll on consumers. A growing number of experts and companies alike are warning about the impact of surging […]
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Topline Some of America’s richest billionaires—including the likes of Bill Gates, Michael Bloomberg and Ken Griffin—were among the highest earners between 2013 and 2018, but that didn’t mean they paid the highest income tax rates, as detailed by a new ProPublica report that cites confidential Internal Revenue Service data. The report shows how America’s ultra-wealthy […]
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We are excited to bring Transform 2022 back in-person July 19 and virtually July 20 – 28. Join AI and data leaders for insightful talks and exciting networking opportunities. Register today! For over a decade now, governments worldwide stayed blissfully aloof from the crypto revolution that unfolded right in front of their eyes. In the […]
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Topline Billionaire investor Ron Baron, one of Tesla’s largest shareholders, told CNBC in an interview Thursday that Elon Musk’s roughly $3 billion stake in Twitter is “meaningless” and that investors should be more excited about what he predicts are massive gains ahead for Tesla, even though shares have struggled so far this year. Baron doesn’t […]
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Topline An increasing number of Federal Reserve officials have recently spooked markets by warning about the economic impact of decades-high inflation and how the central bank will need to aggressively raise interest rates, as well as “rapidly” reduce its balance sheet, to combat surging prices. Investors are bracing for more uncertainty as Fed officials pledge […]
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Topline An increasing number of Wall Street experts are now forecasting a possible economic downturn on the horizon, with alarms growing louder after the widely-observed yield curve inverted last week and indicated a looming recession. Some experts are warning that the economy will take a “major hit” next year as the Fed struggles to … […]
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Topline The conflict in Ukraine has caused many of Wall Street’s biggest banks to begin winding down their business in Russia, but they could still face billions of dollars in losses as they reduce exposure and divest from Russian firms amid a barrage of Western sanctions. Banks could lose billions as they scale back business […]
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Topline As part of his proposed budget for the upcoming fiscal year, President Joe Biden on Monday released a proposed minimum income tax rate applying to the highest-earning Americans, marking the first time the White House has ever directly targeted billionaire wealth after a similar Democrat-proposed measure failed to move forward last fall. The proposed […]
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Topline The war between Russia and Ukraine has heralded the end of globalization, as the conflict has upended the current world order that has been in place since the Cold War and will have lasting global economic consequences, warned BlackRock CEO and chairman Larry Fink in a letter to shareholders on Thursday. Some of Wall […]
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Did you miss a session at the Data Summit? Watch On-Demand Here. There is not a single industry that has been left untouched by the transformative impact of artificial intelligence technology in the last decade — financial services is no exception. The financial sector is well-known for seeking every possible edge to maximize its profits […]
Read More Did you miss a session at the Data Summit? Watch On-Demand Here. There is not a single industry that has been left untouched by the transformative impact of artificial intelligence technology in the last decade — financial services is no exception. The financial sector is well-known for seeking every possible edge to maximize its profits […]
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Did you miss a session at the Data Summit? Watch On-Demand Here. By Shaun Conway, Ph.D., founder of IXO You have probably heard the hype around decentralized finance or DeFi — the future of financial services and the next frontier for the cryptocurrency space. Major global institutions are placing bets on DeFi — Goldman Sachs, […]
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Marvy Finger recently sold half his portfolio of Sunbelt apartments for $2 billion, saying the Covid-crazed rental market has peaked. The buyers, pointing to a 20-year low vacancy rate, disagree. For a real estate tycoon, Marvy Finger’s second-floor offices in a low-slung Houston office building are as modest as the first apartment buildings he erected […]
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Topline Despite a solid February jobs report, the stock market fell once again Friday—with the Dow losing 200 points to close its fourth straight week of losses —as surging oil prices neared $120 per barrel amid the escalating conflict between Russia and Ukraine. A strong jobs report wasn’t enough to save stocks from another Russia-Ukraine […]
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