In this article LUV Follow your favorite stocksCREATE FREE ACCOUNT Travelers check in at a Southwest Airlines ticket counter during the busy Christmas holiday season at Orlando International Airport on December 28, 2022 in Orlando, Florida. Paul Hennessy | Anadolu Agency | Getty Images Southwest Airlines‘ CEO said the company will increase winter staffing and
The logo of Credit Suisse Group in Davos, Switzerland, on Monday, Jan. 16, 2023. Bloomberg | Bloomberg | Getty Images Shares of Credit Suisse fell by 5% in early Tuesday trade to hit a new all-time low, after the bank announced it had found “material weaknesses” in its financial reporting processes for 2022 and 2021.
A customer stands outside of a shuttered Silicon Valley Bank (SVB) headquarters on March 10, 2023 in Santa Clara, California. Justin Sullivan | Getty Images After two bank failures and dramatic moves from U.S. regulators to protect depositors, financial advisors have a message for consumers: Don’t panic. The U.S. government on Sunday approved plans to
In this article UAL Follow your favorite stocksCREATE FREE ACCOUNT United Airlines shares fell about 6% in afterhours trading on Monday after the carrier forecast a first-quarter loss, citing weaker demand growth compared with other months and higher fuel costs. The carrier expects an adjusted quarterly loss of between 60 cents and $1 per share,
In this article GTLB Follow your favorite stocksCREATE FREE ACCOUNT People celebrate the Gitlab IPO at the Nasdaq, October 14, 2021. Source: Nasdaq GitLab shares plunged as much as 38% in extended trading after the provider of source code management software gave full-year revenue guidance that fell short of expectations. Here’s how the company did:
In this article SBNY Follow your favorite stocksCREATE FREE ACCOUNT The dramatic drop in regional bank stocks is a key entry point for investors, according to analyst Christopher Marinac. Marinac, who serves as Director of Research at Janney Montgomery Scott, believes the group’s decline over the past week provides an attractive entry point for investors
Employees stand outside of the shuttered Silicon Valley Bank (SVB) headquarters on March 10, 2023 in Santa Clara, California. Justin Sullivan | Getty Images News | Getty Images For small businesses that have been keeping their money at Silicon Valley Bank — which collapsed last week — the good news is that they will be
When markets hit a slump, investors are often tempted to head for the exits in search of safer places to put their money. There are always reasons investors may get spooked. In the latest example, the failure of Silicon Valley Bank rattled investors and sent stocks lower on Friday. Signature Bank was seized by regulators
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In this article TMUS Follow your favorite stocksCREATE FREE ACCOUNT Sopa Images | Lightrocket | Getty Images WASHINGTON — SpaceX plans to begin testing its Starlink satellite-to-cell service with T-Mobile this year, an executive of Elon Musk’s company said Monday. “We’re going to learn a lot by doing — not necessarily by overanalyzing — and
Federal Reserve Chairman Jerome Powell testifies during the Senate Banking, Housing, and Urban Affairs Committee hearing titled The Semiannual Monetary Policy Report to the Congress, in Hart Building on Tuesday, March 7, 2023. Tom Williams | Cq-roll Call, Inc. | Getty Images When the Federal Reserve starts to raise interest rates, it generally keeps doing
In this article SBNY Follow your favorite stocksCREATE FREE ACCOUNT A man walks by the headquarters of Silicon Valley Bank on March 10, 2023 in Santa Clara, California. Liu Guanguan | Getty Images The unexpected shutdowns of Silicon Valley Bank and Signature Bank have prompted new questions about the level of protection for bank deposits
Starting in community college and then transferring to a four-year school is a proven pathway to getting a degree for significantly less money. Yet fewer students are going this route. Transfer enrollment from two-year colleges to four-year schools fell again in the fall of 2022 compared to the previous year, this time sinking nearly 8%.
A residential neighborhood in Austin, Texas, on Sunday, May 22, 2022. Jordan Vonderhaar | Bloomberg | Getty Images The average rate on the popular 30-year fixed mortgage dropped to 6.57% on Monday, according to Mortgage News Daily. That’s down from a rate of 6.76% on Friday and a recent high of 7.05% last Wednesday. Mortgage
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The all-electric Porsche Taycan Turbo. Source: Porsche AG Luxury automaker Porsche AG issued an ambitious long-term outlook of more than 20% of return on sales, after posting record 2022 earnings on Monday on the back of higher deliveries. The carmaker said its operating profit rose by 27% to 6.77 billion euros ($7.23 billion) last year,
In this article SBNY BTC.CM= ETH.CM= Follow your favorite stocksCREATE FREE ACCOUNT Jakub Porzycki | Nurphoto | Getty Images Cryptocurrencies rallied on Monday as the U.S. government moved to protect depositors of the collapsed Silicon Valley Bank and HSBC bought the lender’s U.K. arm. Bitcoin was up nearly 10% at 3 a.m ET at $22,560.20,
Phew, that was close. Too close. There was so much fear engendered by the events of the last 72 hours since Silicon Valley Bank collapsed that we’ll have investors who want to sell no matter what. That posture is ill-advised. The fact is the Federal Reserve and other U.S. regulators did everything a rational bull
A sign is posted in front of the Silicon Valley Bank (SVB) headquarters on March 10, 2023 in Santa Clara, California. Justin Sullivan | Getty Images Federal regulators are conducting an auction for Silicon Valley Bank, with final bids due Sunday, according to a report from Bloomberg News. The bank was closed by regulators on
The rise of artificial intelligence-powered chat products like ChatGPT have a lot of people wondering what sort of tasks AI can already handle as well as humans. Now, you can add “interviewing Bill Gates” to that list. Recently, the billionaire Microsoft co-founder sat down with U.K. Prime Minister Rishi Sunak as the two answered questions