Month: April 2023

Francesco Carta Fotografo | Moment | Getty Images When it comes to cryptocurrency like bitcoin, new investors are often motivated by friends to take the plunge, according to a new study. But that might hold traps for the unwary, experts warn. “I don’t imagine friends are talking about when they lost money,” said Lee Baker,
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Silicon Valley Bank’s dramatic failure in early March was the product of mismanagement and supervisory missteps, compounded by a dose of social media frenzy, the Federal Reserve concluded in a highly anticipated report released Friday. Michael S. Barr, the Fed’s vice chair for supervision appointed by President Joe Biden, said in the exhaustive probe of
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In this article UAL Follow your favorite stocksCREATE FREE ACCOUNT United Airlines Seatbacks Courtesy: United Airlines United Airlines‘ plan to revamp the cabins on its older narrow-body planes is running behind schedule because of supply chain strains, the carrier told CNBC this week. The upgrades include bigger premium cabins, seat-back entertainment screens throughout the planes,
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Peopleimages | Istock | Getty Images For many Americans, a comfortable retirement may feel out of reach. Retirement confidence has dropped significantly in 2023, marking the biggest decline since 2008 among both workers and retirees, according to a new report from the Employee Benefit Research Institute and Greenwald Research. Workers’ confidence dropped to 64% from
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Beverly Hills architect Arthur Froelich designed racetracks. Phoenix businessman Herbert Owens managed a few racetracks during his wide-ranging career. The two came together for a novel project in the late 1970s that had nothing to do with racetracks and everything to do with Owens’ quest for a standout hillside home. He wasn’t disappointed. The architectural
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In this article SNAP Follow your favorite stocksCREATE FREE ACCOUNT Snap shares dropped as much as 20% after hours on Thursday as the company reported first-quarter results that missed analysts’ expectations on revenue. Here’s how the company did: Earnings per share: 1 cent, adjusted, vs. a loss of 1 cent expected, according to a Refinitiv
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Gen Z and millennials are living clean, and apparently it’s not good for state coffers. In March, Bloomberg reported that the U.K. government has missed out on billions of pounds in revenue from alcohol and tobacco sin taxes over the years because young Brits are choosing to smoke and imbibe less than previous generations. The
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In this article AMZN Follow your favorite stocksCREATE FREE ACCOUNT Amazon reported better-than-expected revenue on Thursday, but the stock’s initial pop was wiped out after executives raised concerns of ongoing weakness in cloud growth. Here are the key numbers: Earnings: 31 cents per share Revenue: $127.4 billion vs. $124.5 billion expected, according to analysts surveyed by
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