Author: US

Amazon.com Inc. missed expectations on profit and sales for the third quarter as its profit declined by the largest percentage in more than four years, the retailer announced Thursday, while predicting another large profit drop for the holiday season. Amazon AMZN, +1.59% reported third-quarter earnings of $ 3.2 billion, or $ 6.12 a share, down […]

Hasbro Inc. says that supply chain challenges delayed $ 100 million in merchandise during the third quarter, but most of that has been delivered by the fourth quarter. Toys had been a category identified in the summer as at risk by the supply chain bottlenecks around world. Those problems persist, but Hasbro HAS, +1.62% says […]

Fiserv Inc.’s stock dove to its worst performance in more than 19 months Wednesday after the financial-technology company discussed the loss of a large processing customer during its earnings call and gave a more muted commentary around the current quarter than some were expecting. The stock fell 10% in Wednesday trading, making for its steepest […]

David LaValle, global head of ETFs at Grayscale Investments, said on Wednesday that he expected the U.S. Securities and Exchange Commission to approve the company’s application for a spot bitcoin ETF by July next year.  Grayscale applied with the SEC to convert its Grayscale Bitcoin Trust GBTC, -5.52%, the largest bitcoin BTCUSD, +4.02% fund in […]

Paid leave, a major part of Democrats’ wide-ranging social-spending bill, may be left on the cutting-room floor as the party’s moderates and progressives try to hammer out an agreement this week. President Joe Biden last week said the proposed program had been cut to four weeks in negotiations, from Democrats’ original idea of giving all […]

EBay Inc. exceeded expectations with its financial results Wednesday but its shares fell 5.3% in after-hours trading after the company’s forecast for the holiday period came up short. The e-commerce company posted third-quarter income from continuing operations of $ 283 million, or 43 cents a share, down from $ 605 million, or 86 cents a […]

Dear Quentin, I trust my sister, but think she is sometimes driven by sentiment rather than practicality. I am one of four, and the sister who lives closest to my mom is handling finances for her. Mom is 93, in decent health, and currently in assisted living.  That is the big picture. There is a […]

Dear Quentin, My former mother-in-law has a life-insurance policy on my 27-year-old daughter, her oldest granddaughter. Is that valid and legal? We all live in Georgia and have for years. I divorced my ex-husband 26 years ago. My current husband, of 24 years, took my oldest daughter in and accepted her 100% as his own […]

Ford Motor Co. stock rose more than 9% in after-hours trading Wednesday after the auto maker reported mixed third-quarter results but raised guidance for this year, resumed its dividend and said chip shortages are easing. Ford F, -2.70% said it earned $ 1.8 billion, or 45 cents a share, in the third quarter, compared with […]

The latest batch of internet earnings helped reveal the winners and losers from Apple Inc.’s privacy-related changes to its mobile operating system. Since Apple AAPL, -0.13% first introduced new settings several months back that would give consumers the ability to opt out of third-party tracking that marketers use to help target ads, social-media companies have […]

The National Retail Federation is forecasting a record holiday shopping season, with sales for November and December forecast to grow between 8.5% and 10.5% and reach between $ 843.4 billion and $ 859 billion — excluding restaurants, gas stations and auto dealers. The forecast exceeds the previous record in 2020 when sales grew 8.2% to […]

The shortage of microchips might prompt an investor to believe that these are golden times for semiconductor manufacturers because high demand and limited supply can combine for higher prices and rising profits. But the low supply can also hurt sales in the short run. Analysts are sending mixed signals. So it might be best for […]

WASHINGTON—Federal Trade Commission staffers have begun looking into disclosures that Facebook Inc.’s  FB, -3.92%  internal company research had identified ill effects from its products, according to people familiar with the matter. Officials are looking into whether Facebook research documents indicate that it might have violated a 2019 settlement with the agency over privacy concerns, for which the […]

Like most central banks, hotter inflation than expected is the topic du jour at the European Central Bank. President Christine Lagarde and most of the rest of the ECB are still in the inflation is transitory camp, at least for now. Of course, inflation isn’t quite as red hot in the eurozone as it is […]

The former chief of a tribal police department in southern California has pleaded guilty to selling $ 300,000 worth of badges to wealthy Los Angeles residents so they could get concealed weapons permits. Anthony Reyes Vazquez, 49, admitted he and other officers of the Manzanita Tribal Police Department recruited dozens of affluent Agelenos to join […]

Visa Inc. topped earnings expectations for its latest quarter but shares dipped 2.7% in the aftermarket session as the company issued a revenue outlook that struck one analyst as conservative. Results from the payments giant continued to reflect a spending rebound, with Chief Financial Officer Vasant Prabhu highlighting healthy domestic spending and a “faster-than-anticipated recovery […]

Microsoft Corp. shares closed just shy of a record Tuesday, but the software giant still set an impressive new high after the session that pushed the shares toward a new peak. Microsoft MSFT, +0.64% reported fiscal first-quarter earnings of $ 20.5 billion, or $ 2.71 a share, up from $ 1.82 a share a year […]

Beyond Meat Inc. was downgraded at Credit Suisse on Tuesday, based on concerns that the plant-based meat company will miss its growth targets as demand slows. Last week, Beyond Meat BYND, -1.37% gave a revenue warning for the third-quarter that sent shares plunging. Analysts said the update raised a lot of questions but they maintained […]

Investors may be taking the wrong lessons from the 1970s. It’s hardly a fond memory, but surging prices in the U.S. and other countries this year have investors and pundits banking on a rerun of 1970s-era “stagflation” — a demoralizing combination of stagnant economic growth and high inflation. The comparisons are understandable, but superficial, offering […]

The numbers: Home prices maintain record levels The pace of home-price growth slowed slightly in August, though buying a home remained more expensive. The latest edition of the S&P CoreLogic Case-Shiller Home Price Index showed that home prices increased nationally 19.8% from a year ago in August, roughly in line with the previous month’s increase. The separate 20-city […]