Zuckerberg’s testimony “raised investor concerns about the potential for government regulation of the use of consumer data,” he wrote. “The Zuckerberg hearing revealed to many government officials the scale of personal data that FB users had agreed to allow the firm to gather, raising regulatory risks. “ In addition to the regulatory challenges, Facebook and

Check out the companies making headlines before the bell: Bank of America – The bank reported quarterly profit of 62 cents per share, 3 cents a share above estimates, with revenue also above forecasts. The bank’s results were helped by improved loan growth and deposits, among other factors. WPP Group – WPP founder and Chief

One Wall Street analyst expects the report will impact the airline’s financial results this year. “We found little in the way of incrementally negative data points concerning Allegiant’s operational challenges over the past few years on last night’s 60 Minutes,” Stifel analyst Joseph DeNardi wrote in a note to clients Monday. “The bottom line is

To some extent the group was a victim of sky-high expectations, and internal numbers that caused investors to question the health of core bank operations. But there also was more at play. Traders may have been loath to go into the weekend long the market at a time when President Donald Trump is threatening to

Bitcoin is coming off one of its best one-day performances of the year, but one Nobel Prize-winning economist sees the cryptocurrency as more of a psychological experiment than a serious investment. “I’m interested in bitcoin as a sort of bubble. It doesn’t mean that it will disappear, that it’ll burst forever. It may be with

J.P. Morgan Chase‘s “remarkable” earnings beat shows the U.S. economy is “on fire,” CNBC’s Jim Cramer said Friday. “It was a fantastic quarter” for J.P. Morgan, Cramer said on “Squawk on the Street.” “We never thought these numbers could happen.” J.P. Morgan on Friday reported first-quarter earnings of $2.37 per share, 9 cents above the

With just a few days to the U.S. tax filing deadline, still only a tiny fraction of Americans have reported their cryptocurrency holdings, according to Credit Karma. Of the most recent 250,000 filers on the Credit Karma Tax platform, fewer than 100 people reported capital gains on their cryptocurrency investments, data released Friday showed. “There’s

Check out the companies making headlines before the bell: J.P. Morgan Chase – The bank reported quarterly profit of $2.37 per share, beating the consensus estimate of $2.28. Revenue also beat forecasts, and CEO Jamie Dimon said J.P. Morgan’s business were doing well “across the board”. Qualcomm – Former chairman Paul Jacobs is talking to

Streaming giant Netflix is set to report earnings after the bell on Monday, and one options trader is betting the stock could soar to new heights following the results. The options market is implying a move of 10 percent in either direction for Netflix on earnings, and that’s more than the company’s 7 percent average

The first things police seized when they raided Shamo’s home and stash house were bags of cash, gold bars, a Ford pickup and a BMW. It took another year for his bitcoin to show up in court paper. “It’s really been a process that we’ve never dealt with before,” said Skordas, Shamo’s attorney. “I’m old

Craft coffee competition and questionable customer loyalty are likely to hamper Starbucks sales over the next two years, according to one Wall Street analyst. “We find competitive growth critical to monitor, as we believe this is largely responsible for Starbucks’ deteriorating beverage same-store sales,” wrote Cowen analyst Andrew Charles, who downgraded the coffee company to

Both benchmarks were on track to post their biggest weekly gain in more than eight months on Friday, shortly after President Donald Trump‘s comments about potential missile strikes and reports of dwindling global oil stocks. Brent crude was trading at $72.26 during lunchtime deals on Friday, up around 0.3 percent, while WTI traded at $67.35,

Just since Jan. 1, analyst projections for financial earnings went from a 10.7 percent gain all the way to 24 percent currently. Only energy, which has been the beneficiary of rising oil prices, has seen a higher net revision among the S&P 500’s 11 sectors, according to investment research firm CFRA. With financials comprising 14.7

Music teacher Chris Pomrink was driving between two lessons outside Philadelphia, when a friend called with some distressing news: “Hey Chris, XIV is in trouble.” Pomrink, 30, checked his trading account. It was February 2 and XIV — an arcane, fiendishly complex financial security that he had sunk $2,500 into earlier that week — had

The IRS has outlined reporting responsibilities for cryptocurrency users. Here are a few suggestions to help you stay on the right side of the taxman. Think beyond sales: If you bought a cup of coffee from a merchant that accepts virtual currency, you’ll need to report it. “You can get cryptocurrency as a gift or

More investors are betting against electric-car maker Tesla than any other U.S. stock, new data show. The dollar amount of shares shorted on Tesla increased 28 percent in the last month to $10.7 billion, according to S3 Partners. The percentage of Tesla’s available stock currently sold short exceeds 25 percent, according to FactSet. “Tesla, which

At a quick glance, it appears the market hasn’t made any progress since it began struggling some nine weeks ago. The S&P 500 closed on Feb. 5 at 2648; it finished Tuesday at 2656, a one-quarter-percent change in 44 trading sessions. The 10-year Treasury yield ended at 2.8 percent on Feb. 5 and sits right

Disney’s latest new superhero movie franchise is performing better than a top Wall Street firm ever imagined. J.P. Morgan raised its fiscal second-quarter earnings-per-share estimate for Disney shares to $1.68 from $1.57. The increase is “primarily due to the much stronger-than-expected performance of Black Panther,” analyst Alexia Quadrani wrote in a note to clients Wednesday.

“We believe the sustainable production rate for the second quarter of 2018 is most likely below the 2,000 vehicle mark the company achieved in the final week of the [first] quarter,” Goldman analyst David Tamberrino wrote Tuesday. “We see the company likely sustaining Model 3 production around the 1,400 per week mark.” Tesla’s share price,

The total number of high profile investors and venture capital funds continues to increase in 2018 – a trend Space Angels traces back to 2009. Andreeseen Horowitz and Accel Partners are the latest Silicon Valley funds to back space ventures, with the former investing in satellite start-up Astranis and the latter funding World View. Jeff