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Key Takeaways Shares of Snap fell more than 28% following its financial report. Revenue growth slowed even as daily active users beat analyst estimates. Advertising sputters, reducing company’s main source of revenue. Citing operating environment uncertainties, Snap didn’t provide guidance for the last quarter of the year. Source: Predictions based on analysts’ consensus from Visible Alpha
The funding mechanism for the Consumer Financial Protection Bureau (CFPB) has been ruled unconstitutional by the 5th U.S. Circuit Court of Appeals. Rather than receiving funding directly from Congress via appropriations legislation, the consumer watchdog agency receives its funding from the Federal Reserve. The ruling is a victory for a payday lending group that brought
Chinese electric vehicle (EV) manufacturer Nio (NYSE:NIO) looks like a sure winner over the coming years. That’s because Nio’s growth, in terms of EV deliveries as well as revenue generation, is indisputable. Additionally, Nio is mapping out a carefully planned venture into potentially lucrative European markets. For these reasons, NIO stock should prove to be a
It’s essential to have a portfolio that’s diversified across asset classes. This includes risk-free investments like treasury bonds. Exposure to precious metals is also a good hedge against inflation to preserve purchasing power. However, exposure to stocks can help individuals retire a millionaire. Blue-chip names provide stability and regular cash inflow through dividends, even within
In February 2021, at the height of the meme stock phenomenon, Ideanomics (NASDAQ:IDEX) stock traded for as much as $5.53 per share. Today, you can buy IDEX stock for a little more than 25 cents a share, a 95% discount to its multi-year high-water mark. If you’re a risk-hungry investor, this may seem tempting. After
In this article CSX SNAP VZ AXP Follow your favorite stocksCREATE FREE ACCOUNT Check out the companies making headlines before the bell: American Express (AXP) – The financial services company reported a quarterly profit of $2.47 per share, 6 cents above estimates, with revenue also topping Wall Street forecasts. American Express also raised its full-year
In times like this, it’s best to mitigate your losses by identifying stocks to sell and get rid of the biggest losers in your portfolio. Fortunately, the stock market’s horrendous year is almost over. Unfortunately, that’s only because the calendar is nearing the end of 2022, and not because the market is turning around any
As Americans face an unprecedented array of challenges as investors, new parents, and health care consumers, it’s time for a more flexible playbook that encourages incremental improvement and resilience, said speakers at the second annual Your Money, Your Health conference. Key Takeaways Investors optimistic about cryptocurrencies and stocks in early 2022 have faced a rude
Medicare provides healthcare coverage for many Americans age 65 or older. As of August 2022, an estimated 64.5 million people were enrolled in Medicare parts A or B, while another 29.1 million had a private Medicare Advantage plan. The annual Medicare open enrollment period gives beneficiaries an opportunity to make changes in their coverage. Knowing
[Editor’s note: “Buy Smart to Win Big in ‘The Great EV Consolidation’” was previously published in August 2022. It has since been updated to include the most relevant information available.] A few months ago, electric truck maker Nikola (NKLA) acquired beaten-up electric battery maker Romeo Power (RMO) for $144 million. Ostensibly, that headline seems somewhat
A Wisconsin taxpayers’ group asked the Supreme Court to block President Joe Biden’s student debt relief program, just days after the application was officially launched. Key Takeaways The BTCA’s Journey The Brown County Taxpayers Association filed a lawsuit earlier this month in Eastern Wisconsin’s Federal District Court against President Biden and U.S. Department of Education