Author: super@dmin
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Brett Arends's ROI: Here’s why you should be worried about state and local pensions
Public pensions may be facing a massive fiscal shortfall, according to two economics professors
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Dow Jones Newswires: Honda shares slump after car sales outlook cut
Honda Motor Co. shares fell sharply Thursday morning after the Japanese auto maker posted disappointing second-quarter results and lowered its fiscal-year car sales forecast.
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TaxWatch: ‘Voters are looking for help’: With control of Congress too early to call, here are 3 burning tax questions
California voters rejected a millionaires’ tax, while voters in Massachusetts backed their own surtax on households making over $1 million.
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Earnings Results: Beyond Meat’s stock edges lower on sales drop, growing losses
Beyond Meat Inc. reported quarterly results Wednesday that have become all-to-familiar: A big drop in revenue, escalating losses, and tepid revenue guidance. Yet its stock is slightly down because of an austerity program.
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MarketWatch First Take: Tesla investors have been the biggest losers in Elon Musk’s Twitter deal, and those losses continue
Twitter users have complained a lot about Elon Musk’s early moves after taking control of the social network, but their complaints seem tiny compared with what Tesla Inc. investors have had to suffer.
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Crypto: Binance confirms it’s backing out of deal to buy FTX assets
Binance has just confirmed that it is indeed backing out of its deal to buy FTX’s non-U.S. assets, according to a tweet sent from the company’s verified Twitter Inc. account.
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Crypto: Investors fear potential FTX bankruptcy spilling over to reeling crypto, stock markets
Investors are concerned that a potential bankruptcy of FTX, once the world’s third-largest digital exchange by trading volume, will spill over to already battered crypto and stock markets.
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Earnings Results: Rivian posts narrower quarterly loss than Wall Street feared, keeps production guidance intact
Rivian Automotive Inc. stock rallied in the extended session Wednesday after the electric-vehicle maker posted a narrower-than-expected quarterly loss and kept its 2022 production estimates intact despite saying supply-chain snags continue to be a concern.
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Key Words: Binance CEO in internal memo: ‘I had very little knowledge of the internal state of things at FTX’
In a newly published internal memo from Binance, CEO Changpeng Zhao says talks of a deal with FTX came in short notice.
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Earnings Results: ‘Housing companies are in the jungle now’ — Redfin sees housing downturn through at least next year
Redfin Corp. slid after hours on Wednesday, after the residential real-estate brokerage reported a steeper quarterly loss than expected and sales that missed expectations.