U.S. President Joe Biden speaks to the media as he arrives at Joint Base Andrews, Maryland, U.S. July 20, 2022. Jonathan Ernst | Reuters President Joe Biden on Saturday tested positive for Covid-19 once again after consecutive days of testing negative for the virus, his physician said. Biden, 79, is experiencing no new symptoms and
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In this article AMZN Amazon shares climbed more than 13% in extended trading on Thursday after the company reported better-than-expected second-quarter revenue and gave an optimistic outlook. Here’s how the company did: EPS: Loss of 20 cents Revenue: $121.23 billion vs. $119.09 billion expected, according to Refinitiv Here’s how other key Amazon segments did during the
When thinking about tax policy, economists typically distinguish between the short run and long run. While there might be temporary boosts to the economy in the short term from a tax cut due to increased incomes, changes in tax policy alter the incentives to work, save, and invest, which can produce benefits to economic growth
Masten Space Systems’ Xombie© lander completes a flight test at the Mojave Spaceport in 2019. NASA/Lauren Hughes Lunar-focused company Masten Space Systems filed for Chapter 11 bankruptcy protection on Thursday, with the venture winnowed down to a handful of people after layoffs and furloughs. The space company declared as its debts ballooned, tracing back to
In this article AAPL Apple reported fiscal third-quarter earnings on Thursday that beat Wall Street expectations for sales and profit but showed slowing growth for the iPhone maker. Apple stock rose over 3% in extended trading. Here are the key numbers compared to what Wall Street was expecting, per Refinitiv estimates: EPS: $1.20
Take a look at some of the biggest movers in the premarket: Spirit Airlines (SAVE) – Spirit shares rose 3.9% in premarket trading after it agreed to be acquired by JetBlue (JBLU) for $33.50 per share in cash. That follows yesterday’s rejection by shareholders of Spirit’s previous deal to merge with Frontier Airlines parent Frontier
In this article JBLU SAVE Passengers wait in line at the Spirit Airlines check-in counter at Orlando International Airport. Paul Hennessy | LightRocket | Getty Images Spirit Airlines relented this week and agreed to sell itself to JetBlue Airways for $3.8 billion, hours after breaking off a merger agreement with Frontier Airlines that failed to
In this article INTC Intel shares sank as much as 10% in extended trading on Thursday after the chipmaker reported second-quarter results and quarterly and full-year guidance that fell short of analysts’ expectations. Here’s how the company did: Earnings: 29 cents per share, adjusted, vs. 70 cents per share as expected by analysts, according to
In this article JPM Dr. Charles Lim, Global Head of Quantum Communications and Cryptography, JP Morgan Chase Courtesy: JP Morgan Chase JPMorgan Chase has hired a Singapore-based quantum-computing expert to be the bank’s global head for quantum communications and cryptography, according to a memo obtained by CNBC. Charles Lim, an assistant professor at the National
Because of astronomical costs of care and support — often more than $100,000 per year — most individuals with disabilities will need government assistance such as Supplemental Security Income and Medicaid. However, they must shelter their assets carefully to not be disqualified from these programs. That’s where special needs trusts and ABLE accounts come in.
Getting a job after graduation isn’t a given. While the labor market is strong and college grads are still more employable — and earn more — than their high-school counterparts, the choice of major, and degree, goes a long way toward determining how hirable you will be. A bachelor’s degree in mathematics gives students the
Club holding AbbVie (ABBV) reported a mixed second quarter Friday morning. On the top line, net revenue increased 6.1% on an operational basis to $14.58 billion, but that missed the consensus estimate on FactSet of $14.67 billion. Adjusted earnings per share increased 11.2% to $3.37, beating estimates of $3.32. Included in earnings was a 14-cent
In this article ROKU A video sign displays the logo for Roku Inc, a Fox-backed video streaming firm, in Times Square after the company’s IPO at the Nasdaq Market in New York, September 28, 2017. Brendan McDermid | Reuters Roku shares plummeted more than 25% in extended trading on Thursday after the company missed expectations
In this article CMCSA In this photo illustration, a silhouetted woman holds a smartphone with the Meta Platforms, Inc. logo displayed on the screen. Rafael Henrique | Lightrocket | Getty Images Check out the companies making headlines in midday trading. Bausch Health – Trading in the pharmaceutical company’s shares was halted after the stock dipped
NFL quarterback Tom Brady is concerned about his kids’ upbringing: He says he grew up solidly middle class, and his children are being raised on the sidelines of the Super Bowl with private jets at their disposal. On a recent episode of “Drive with Jim Farley,” a podcast hosted by Ford CEO Jim Farley, the
. Mike Segar | Reuters Sure, someone may beat the odds and land the $1.28 billion Mega Millions jackpot that’s up for grabs in Friday night’s drawing. To be clear: The chance of a ticket matching all six numbers drawn is roughly 1 in 302.5 million. Nevertheless, in between daydreaming about how you would spend
As the reality of a second quarter of negative economic growth settles in Washington, the Congressional Budget Office (CBO) released its own sobering report on the government’s long-term finances. The CBO long-term budget outlook report shows widening deficits over the next three decades as both federal spending and tax revenues are expected to rise above
U.S. trucking CEOs expect to maintain pricing power even with volumes softening in the second half of 2022 as retailers, manufacturers and consumers adjust to disruptions from Covid lockdowns, the Russia-Ukraine war and inflation. A recent survey of customers by SAIA, a trucker for Starbucks, Home Depot and Lowe’s, found the majority of companies are
In this article PG Tide, a laundry detergent owned by the Procter & Gamble company, is seen on a store shelf on October 20, 2020 in Miami, Florida. Joe Raedle | Getty Images Procter & Gamble on Friday reported mixed quarterly results as the consumer products giant faced rising commodity costs and warned it expects
In this article ROKU AMZN AAPL People pass by a video sign display with the logo for Roku, a Fox-backed video streaming firm, that held it’s IPO at the Nasdaq Marketsite in New York, September 28, 2017. Brendan McDermid | Reuters Check out the companies making headlines in midday trading Friday. Amazon — Shares of