Shares of Fitbit plunged as much as 12 percent in pre-market trading Tuesday — a day after a disappointing quarterly report. Shares shed as much as 15 percent in extended trading Monday. The wearable technology company lost 2 cents per share on revenue of $571 million in the fourth quarter. Analysts polled by Thomson Reuters
The airline added that “it continues to support the Second Amendment.” On social media, some customers thanked the airlines for taking a stance against the NRA while others said they would take their business to other airlines. Delta is the second-largest airline behind American Airlines, which does not have such a discount agreement with the
Shares of gun makers follow a similar pattern. They drop in the immediate aftermath of a shooting and are mostly trading higher three months later. But data by a hedge fund analytics tool called Kensho shows the stocks of these companies are reacting differently this time. Rifle maker Sturm Ruger & Co.’s shares are down
Some projects are happening closer to the U.S. Y Combinator Research, based in Oakland, California, started a test of a basic income last year, and is raising funds to expand the research project. This year in Stockton, California, Mayor Michael Tubbs’s Stockton Economic Empowerment Demonstration will give several dozen low-income families $500 each month in
Warren Buffett’s newfound optimism for the airline industry appears to have grown. “I wouldn’t rule out owning an entire airline,” the billionaire investor and Berkshire Hathaway CEO told CNBC. In an annual letter published on Saturday, Buffett said the company is searching for deals but is struggling to find one for a good price. Airline
Have you checked your credit score recently? Probably not. Half of U.S. adults have not looked at their credit report or credit score since a huge data breach last year at credit scoring company Equifax compromised the personal information of at least 145.5 million U.S. consumers, according to a new survey. CreditCards.com’s latest study also
When a cryptocurrency start-up that promised to revolutionize the fruit and vegetable industry shut down last month, it left behind one word on its website: penis. When a virtual currency company called DateCoin recently tried to entice investors for its initial coin offering, it posted a Facebook ad that featured a reclining woman in a
Donat Sorokin | TASS | Getty Images A girl poses for a photograph on a stone sphere monument that unidentified persons have painted with the white Bitcoin cryptocurrency symbol in Oktyabrskaya Square, Yekaterinburg, Russia. Bitcoin jumped back above $10,000 Monday morning amid broad gains in the cryptocurrency market. The largest cryptocurrency suddenly spiked in morning
It’s important to think about how you to deal with the bequest versus letting it just happen, according to Mendels, because moving too quickly can result in poor decisions, such as spending it all or taking advice that may be regretted later. It can be hard to say no, he warned, so plan on how
A group of high-flying stocks that have led the bull market are indicating the correction may be over. The “FAANG” stocks — Facebook, Apple, Amazon.com, Netflix and Google parent Alphabet — hit a new high for the year on Friday, Bespoke Investment Group pointed out. An equal-weighted portfolio of the stocks is up 18.4 percent
Federated Investors’ Steve Chiavarone is not a bull who’s second guessing himself. The February correction may have rattled Wall Street, but the portfolio manager maintains the S&P 500 will muster enough momentum to climb 12 percent to 3,100 — 12 percent above Monday’s premarket level. His reason? The story of the year will ultimately be
Amid the latest stock market volatility, a renewed interest in diversification and rising inflation are putting more focus on commodities. After being regarded as moribund in recent years, the category, led by precious metals, delivered positive returns in 2017 for the second straight year in a row, as measured by the broad Bloomberg Commodity Index.
British digital banking app Revolut has broken even for the first time, in a rare development for a niche sector that has struggled with profitability. Revolut said Monday that it had broken even for the first time in December, and that its monthly transaction volume surged to $1.5 billion, an increase of over 700 percent
The stock market rout earlier this month triggered by rising interest rates had market watchers warning that volatility was back and here to stay. The Cboe Volatility Index (VIX), which measures market expectations of volatility and is often referred to as Wall Street’s fear gauge, spiked to a multi-year high during the recent market sell-off.
While Wall Street braces for 10-Year Treasury yields to tick over 3 percent, one bond expert believes that will feel like a piece of cake compared to what may come next. Sit Investment Associates’ Bryce Doty believes investors are in “denial” over how high rates could go this year and the painful impact it could
General Electric will restate its earnings for 2016 and 2017 as it adopts a new accounting standard, according to a regulatory filing Friday. The updated accounting standard, which will take into account revenue from long-term contracts, will result in a 13 cent cut in reported earnings per share for 2016 and a cut of 16
In the Global Impact Investing Network’s survey, investment professionals — i.e., fund managers, foundations, banks — reported that their social-impact investments have either met or exceeded their expectations for both impact (98 percent) and financial performance (91 percent). At Calvert Investments in Bethesda, Maryland, where impact investors hold $11.6 billion across 27 funds, the increased
Warren Buffett believes investors do not need to be brilliant to do well in the financial markets. The Oracle of Omaha made a winning 10-year bet with Protégé Partners in Dec. 2007 that the S&P 500 would outperform a basket of fund of hedge funds. But perhaps more interesting than how a simple index fund
Warren Buffett believes investors should avoid using borrowed money to outperform. The Oracle of Omaha explained the perils of using debt and leverage in his 2017 annual letter to Berkshire Hathaway shareholders released on Saturday. “Berkshire, itself, provides some vivid examples of how price randomness in the short term can obscure long-term growth in value.
Warren Buffett’s Berkshire Hathaway on Saturday reported a record quarterly and annual profit, benefiting from a lower U.S. corporate income tax rate. Fourth-quarter net income increased roughly fivefold to $32.55 billion, or $19,790 per Class A share, from $6.29 billion, or $3,823 per share, a year earlier. Quarterly operating profit for the Omaha, Nebraska-based conglomerate