Snap (SNAP) held its second-ever Investor Day on Thursday just weeks after another brutal quarterly report that sent shares tumbling. CEO Evan Spiegel’s message to investors on Thursday focused on monetization, the growth of Snap’s community, the appeal of Snap’s demographic and platform to advertisers, and, of course, augmented reality (AR). And a big number…
Mergers and acquisitions may be exiting their recent slump with multiple takeover deals suddenly making news. Public Storage (PSA) made an $11 billion bid for Life Storage (LSI) on Sunday. Also Sunday, gold miner Newmont (NEM) offered $16.9 billion for smaller competitor Newcrest Mining (NCMGY). Meanwhile, shares of drug components supplier Catalent (CTLT) spiked 19.5%…
Binance, the world’s largest cryptocurrency exchange, said it’s temporarily suspending deposits and withdrawals of US dollars using bank accounts, and will work to restart the service soon. The suspension will start Wednesday, according to a Binance spokesperson. No specific reason was given for the suspension. Bank transfers using other fiat currencies, such as euros, are…
Japanese automaker Mazda (7261.T) has a small, yet cult-like following here in the U.S. While fans of Mazda enjoy the driver-focused characteristics and sporty handling, there is one one area that the company is lagging: electrification. Though the brand had a strong Q4 in North America—sales jumped around 40% versus a year ago—Mazda saw its…
Holiday earnings will have to greatly exceed expectations for Amazon to reach an annual profit for the year. Amazon.com Inc. is expected to reveal this week its first unprofitable year since 2014 and the worst year for its bottom line since 2000 — and expectations for this year aren’t headed in a positive direction. Amazon…
Stock futures were mostly higher Thursday and tech stocks looked poised to rally after Tesla TSLA +0.38% delivered solid quarterly earnings. These stocks could make moves Thursday: Tesla (TSLA) was up more than 7% in premarket trading. The electric-vehicle maker reported fourth-quarter earnings that topped Wall Street estimates. Tesla’s operating earnings of $3.9 billion in…
While the big-name stocks may get the attention and the headlines, they’re not the only game in town. And sometimes, the market giants aren’t even the best place to turn for solid returns on that initial investment. There are small- to mid-cap stocks in the market that can present an unbeatable combination for income-minded investors:…
The income thresholds for the seven federal tax brackets increased by a bigger-than-normal amount for the 2023 tax year to reflect runaway inflation seen last year. “They are just the usual changes due to inflation,” Jon Whiten, from the Institute on Taxation and Economic Policy told Yahoo Finance. “More dramatic this year since inflation was…
Signature Bank’s customers facilitating fiat operations with Binance will not be able to make SWIFT transfers of less than $100,000, according to the crypto exchange. “One of our fiat banking partners, Signature Bank, has advised that it will no longer support any of its crypto exchange customers with buying and selling amounts of less than…
Netflix (NFLX) freeloaders, beware! The company is ramping up its password sharing crackdown. Following fourth quarter earnings results on Thursday that saw subscriber numbers leap past expectations, the company warned in its quarterly letter to shareholders it will be intensifying its push to combat password sharing. “Later in Q1, we expect to start rolling out…