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BUSINESS

Popular tax prep software sent financial information to Meta: report

Meta (formerly Facebook) corporate headquarters is seen in Menlo Park, California on November 9, 2022. Josh Edelson | AFP | Getty Images Popular tax prep software including TaxAct, TaxSlayer and H&R Block sent sensitive financial information to Facebook parent company Meta through its widespread code, known as a pixel, that helps developers track user activity […]

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BUSINESS

From Elon Musk to Sam Bankman-Fried, a bad week for market geniuses

From the FTX bankruptcy and downfall of crypto “rock star” Sam Bankman-Fried to the chaos at Twitter, it has not been a good week for the geniuses of capitalism. Elon Musk’s abrupt and in some cases already reversed decisions since taking over the social media company back up his contention that so far his tenure […]

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BUSINESS

Investors lost more than $2 trillion since

An attendee wears a “Will Work for NFTs” shirt during the CoinDesk 2022 Consensus Festival in Austin, Texas, US, on Thursday, June 9, 2022. The festival showcases all sides of the blockchain, crypto, NFT, and Web 3 ecosystems, and their wide-reaching effect on commerce, culture, and communities. Jordan Vonderhaar | Bloomberg | Getty Images A […]

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BUSINESS

Cramer warns growth stocks could see ‘more horror’ after CPI release

CNBC’s Jim Cramer on Wednesday warned that growth stocks could take another beating if the October consumer price index reading shows that inflation is still running rampant. “If we get a steaming hot CPI reading, you’re going to see more horror on your screen, so that’s why people sold ahead of it,” he said. The […]

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BUSINESS

Elon Musk took over a struggling Twitter and has quickly made it worse

The Twitter profile page belonging to Elon Musk is seen on an Apple iPhone mobile phone. Nurphoto | Nurphoto | Getty Images When Elon Musk said last week that Twitter has experienced a “massive drop in revenue” under his recent tutelage, he blamed the decline on “activist groups pressuring advertisers.” There was some merit to […]

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BUSINESS

‘Hold your nose and sell’ to brace for a possible market downturn, Jim Cramer says

CNBC’s Jim Cramer on Monday warned investors that they should trim some of their positions to prepare for a possible market decline. “According to the S&P oscillator I’ve followed for ages, we’re very overbought right now,” he said. “You have to hold your nose and sell something because we’re due for a pullback.” The S&P […]

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BUSINESS

Wynn Resorts, TuSimple, Newell Brands, First Solar and more

This photograph taken on October 20, 2022 shows the signage of Wynn Casino resort with the Grand Lisboa and Casino Lisboa in the backdrop in Macau. Eduardo Leal | AFP | Getty Images Check out the companies making headlines in midday trading. Wynn Resorts — Shares of the casino operator jumped 10% after a filing […]

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BUSINESS

Stock futures rise as investors look past disappointing tech earnings, Meta shares crater

Traders on the floor of the NYSE, Sept. 13, 2022. Source: NYSE Stock futures rose in overnight trading Wednesday as investors seemed to brush off disappointing results from Meta Platforms. Shares of the Facebook parent company plummeted 18% in extended trading on a weak fourth-quarter forecast. ServiceNow shares, meanwhile, surged more than 10% after an […]

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BUSINESS

WhatsApp is down globally

The WhatsApp app Dado Ruvic | Reuters WhatsApp, the messaging app owned by Facebook parent Meta, suffered a global outage on Tuesday. Problems were first detected around 3:17 a.m. ET, according to Downdetector.com, which monitors outages across internet services. Users reported problems with sending and receiving messages. Normal service on WhatsApp had still not been […]

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