Author: US

New York Community Bancorp Inc. “is on its to own” to figure out its accounting and other issues as it gears up to update its financials in the coming weeks. That’s according to Citigroup analyst Keith Horowitz, after the regional bank disclosed “material weaknesses” in its accounting and other financial-reporting issues — news that sent […]

Dear Quentin, When we sold our late mother’s house last year for $ 600,000, the equity was supposed to be divided equally by us four siblings (around $ 146,000 each). In 1996, I borrowed $ 20,000 from my mother interest-free to help buy my condo. I promised to pay her back in two years.  I […]

Look out, Super Micro investors, as Dell is starting to cement itself as a major player in artificial intelligence in the computer-server and storage market. On Thursday, Dell Computer Inc. DELL, +1.51% and its quarterly results also overshadowed another rival, Hewlett Packard Enterprise Co. HPE, +2.49%, with bullish comments about AI-related demand that the company […]

Congress on Thursday approved a measure to avert a government shutdown, delaying key deadlines and buying themselves more time to finish a bigger funding agreement. Facing an end-of-the-week deadline, the House of Representatives passed a bill to temporarily fund one set of federal agencies through March 8 and another set through March 22. It quickly […]

Fisker Inc. shares fell more than 30% in extended trading Thursday after the EV maker said it was brokering a deal with an unnamed “large” carmaker as it seeks to remain in business, adding that there would be “substantial doubt” about its ability to do just so without a capital injection. The deal could include […]

Investment behemoth Vanguard said late Thursday that Chief Executive Tim Buckley will retire at the end of the year, and that its board has started a “comprehensive” selection process to evaluate both internal and external candidates. Buckley was named CEO in 2018 and has been at Vanguard for 33 years, having joined as a research assistant […]

Nvidia Corp. has just given the world the details of its historic financial year. Its reward: Expectations that the chip maker will accomplish something that has never been done before. When Nvidia NVDA, +2.18% wrapped up its fiscal year with an earnings report last week, the astounding numbers sent the stock to records and boosted […]

Coinbase COIN, -1.75% has resolved issues that led some of its users’ accounts to appear to have a $ 0 balance, the company announced, although a small number of customers may still experience issues. CEO Brian Armstrong said that “a large amount of traffic” to its platforms led to error messages for some users’ account […]

Viking Therapeutics Inc., the clinical-stage biotech that wowed investors this week with promising data from a mid-stage trial of its weight-loss drug, is bolstering its balance sheet by issuing new shares. The company, whose stock VKTX, +11.11% has gained an impressive 152.5% in the week so far, priced a $ 550 million offering of 6.47 […]

The boycott of Bud Light by U.S. consumers continues, its parent company Anheuser-Busch InBev reported Thursday. Revenue fell 17.3% in the U.S. during the fourth quarter, including a 12.1% decline in sales to retailers, primarily due to the volume decline at Bud Light, the company said. Sales in the U.S. have tumbled since transgender star […]

Apple shareholders rejected a proposal that would require the company to disclose its activities with artificial intelligence. The proposal, brought by AFL-CIO Equity Index Funds, would have required the company to generate a report on its use of AI in operations and to disclose any ethical guidelines adopted by the company. Apple AAPL, -0.66%, disclosing […]

Shares of Paramount Global Inc. were up after hours on Wednesday after the media and entertainment giant reported a surprise adjusted quarterly profit, as higher subscription prices fattened sales for its Paramount+ streaming platform. Adjusted for impairments and restructuring, the company — which also oversees CBS, Comedy Central and Pluto TV — reported a per-share […]

Shares of WW International Inc., better known as Weight Watchers, tumbled after hours on Wednesday, as the weight-loss platform said Oprah Winfrey planned to leave its board and donate her stake in the company after revealing that she used a weight-loss drug. Weight Watchers WW, +4.52% said in a statement that Winfrey had decided not […]

AMC Entertainment Holdings Inc. reported better-than-expected revenue and a narrower-than-expected loss in its fourth-quarter results Wednesday, boosted by the performance of Taylor Swift and Beyoncé’s concert films. The movie-theater chain and original meme stock reported a net loss of $ 182 million, or 83 cents a share, compared with a loss of $ 287.7 million, […]

A million dollars doesn’t go very far in the most expensive real-estate markets in the world. According to the 2024 Knight Frank Wealth Report, $ 1 million would only buy 16 square meters of prime property in Monaco, the tiny but extremely wealthy country perched on the Mediterranean coast. For context, a typical studio or […]

Viking Therapeutics Inc.’s stock rose another 8% Wednesday to extend its week-to-date gains to 145%, as analysts weighed in on its positive weight-loss drug news with some bullish commentary and said the company has become an attractive takeover target. The news from Tuesday that a Phase 2 trial called Venture had produced positive data for […]

For all the talk about the Magnificent Seven and the ultra-reliance of just a handful of companies to drive stock-market returns, it turns out the U.S. is in fact one of the least concentrated markets in the world. That’s according to the latest findings of the global investment returns yearbook, by Paul Marsh and Mike […]

Electric SUVs are becoming increasingly popular — and plentiful — but they are also expensive, and not everyone has access to a good home charger or public charging network. Thankfully, conventional internal combustion SUVs, hybrid SUVs, and plug-in hybrid SUVs are available with impressive fuel economy – and the PHEVs even offer limited all-electric driving. […]

Dear Quentin, Over the past six months, I was crypto scammed. I just retired and lost $ 243,000 that I don’t think I will ever see again. I have reported the company to the FBI, Federal Trade Commission, and a few others. Some of the money was from a SEP IRA. Is there something I […]

Surge pricing could be coming for your Wendy’s chili order. The fast-food chain with a red-headed mascot is leaving some people red-faced after the news that it plans to test “dynamic pricing” starting as early as next year. Skim through social media and it’s easy to find comments bashing the “Biggie Bag” provider, talking about […]