Jim Ratcliffe of INEOS meets members of the press ahead of the Premier League match between Manchester United and Tottenham Hotspur at Old Trafford on January 14, 2024 in Manchester, England. Ash Donelon | Manchester United | Getty Images New Manchester United co-owner Jim Ratcliffe said Friday that return on […]
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Carvana stock surges on first annual profit, pair of analyst upgrades
Vehicles are seen on a display at a Carvana dealership on February 20, 2023 in Austin, Texas. Brandon Bell | Getty Images Carvana shares surged 30% Friday morning after posting its first-ever annual profit and receiving a pair of upgrades by Wall Street analysts. The used-car retailer has been trimming […]
Social network Reddit’s IPO is an ‘AI play,’ says Herb Greenberg
Reddit disclosed 2023 revenue growth of 20% and said its core business relies on online advertising sales when it filed to go public on Thursday. But the social media company can attract more than advertisers. “This is an AI play,” Herb Greenberg, Editor of “Herb Greenberg | On the Street” […]
Iran has the largest ballistic missile arsenal in the Middle East. Now it’s sending them to Russia
Iran presents its first hypersonic ballistic missile ‘Fattah’ (Conqueror) in an event attended by President Ebrahim Raisi and other government officials in Tehran, Iran on June 06, 2023. Sepah News | Anadolu Agency | Getty Images Iran has sent hundreds of its powerful ballistic missiles to the government of President […]
‘If your parents are homeowners, you’re more likely to be a homeowner,’ housing expert says. Here’s why
Maskot | Digitalvision | Getty Images Several factors may affect your path toward homeownership — one may be your parents. “If your parents are homeowners, you’re more likely to be a homeowner,” said Susan M. Wachter, a professor of real estate and finance at The Wharton School of the University […]
‘Generate income without a paycheck’: How dividend investing can make you money while you sleep
Financial sites across internet will tell you how you can earn passive income, but let’s be honest — a lot of what’s touted as passive income isn’t actually passive. Take real estate investing. Once you buy a rental property, the thinking goes, your renters cover your mortgage and then some. […]
Nvidia briefly surpasses $2 trillion in market cap during intraday trading
Jensen Huang speaks onstage during The New York Times Dealbook Summit 2023 at Jazz at Lincoln Center on November 29, 2023 in New York City. Slaven Vlasic | Getty Images Nvidia briefly surpassed $2 trillion in market cap during intraday trading Friday as its stock continues to rally following the […]
German central bank losses soar, wiping out risk provisions
Joachim Nagel, president of Deutsche Bundesbank, during the central bank’s “Annual Report 2023” news conference in Frankfurt, Germany, on Friday, Feb. 23, 2024. Bloomberg | Bloomberg | Getty Images Losses incurred by the German central bank rocketed into the tens of billions in 2023 due to higher interest rates, requiring […]
Block shares surge after company announces surprise profit
Jack Dorsey, co-founder and chief executive officer of Twitter Inc. and Square Inc., listens during the Bitcoin 2021 conference in Miami, Florida, on Friday, June 4, 2021. Eva Marie Uzcategui | Bloomberg | Getty Images Block stock rose 20% in Friday morning trading after the payments company reported fourth-quarter earnings […]
Intuitive Machines jumps in wild trading after moon landing
Intuitive Machines’ Nova-C lunar lander on display at NASA’s Marshall Space Flight Center. NASA Shares of Intuitive Machines jumped in early trading on Friday after the company’s successful first moon landing. Intuitive Machines’ cargo moon lander, “Odysseus,” became the first privately developed spacecraft to land on the lunar surface on […]