When Christopher Perceptions first heard rumblings about a digital currency revolution, he was quickly captivated. As the budding Milwaukee-based entrepreneur pored over the now famous white paper published by the anonymous Satoshi Nakamoto introducing the world to a financial system built on the blockchain, he says two words jumped off the page: fair system. “I fell in...
Our theme of Fintech Stocks – which includes digital payments and lending players, card networks, and insurance technology players – is having a tough 2022, declining by about 25% year-to-date, marginally underperforming the Nasdaq-100 which remains down 21% over the same period. There are a couple of factors weighing...
Match Group CEO Shar Dubey is stepping down as chief of the dating app giant, effective May 31. Bernard Kim, president of Zynga, will take over the helm, the company said Tuesday. Dubey will continue to serve...
In a bid to push people to its newer plans, AT&T is raising the price of some of its older Unlimited and Mobile Share plans. Single-line users will see up to a $6 a month increase, and people with family plans...
The Federal Reserve is widely expected to raise its fed funds target rate by a half-percentage point Wednesday, but investors will be more focused on whether it signals it could get even tougher with future rate hikes.
AMD reported first-quarter earnings after the bell on Tuesday, beating analyst estimates for earnings and revenue, sending the stock up as much as 8% in extended trading. Here’s how the chipmaker did versus Refinitiv consensus estimates in the quarter ending...
Gold prices fell to a near three-month low on Monday as increased prospects of faster rate hikes by the US Federal Reserve lifted both Treasury yields and the dollar, swaying investors away from the precious metal. Spot gold declined 1.6% to $1,869.52 per ounce by 12:20 p.m. ET, its lowest...
The Biden administration will spend more than $3 billion to support the domestic manufacturing of advanced batteries used in electric vehicles and energy storage, officials said Monday. About $3.16 billion in grants will be made available to produce key battery metals such as lithium, cobalt and nickel, said Dave Howell,...
The S&P 500 just suffered its worst April performance since 1970, plunging into its second correction of the year — now, many experts are lowering their projection for the index this year. Bank of America analysts led by Savita Subramanian trimmed their year-end outlook for the S&P 500 by 100...
NEW YORK, May 2 (Reuters) - Wall Street ended a volatile trading day higher on Monday and benchmark U.S. Treasury yields breached the 3% mark as investors braced for a widely anticipated U.S. Federal Reserve interest rate hike. All three major U.S. stock indexes gyrated between positive and negative territory...
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