Author: super@dmin
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Personal Finance Daily: What the latest Federal Reserve interest-rate increase means for your holiday spending plans and Instagram influencer Jay Mazini pleads guilty to running $8 million Ponzi scheme and crypto scam
Wednesday’s top personal finance stories.
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Earnings Results: WWE’s stock rises on jump in sales in post-Vince McMahon era
WWE shares climbed 3% in extended trading Wednesday after it rang up revenue and profits that topped analysts’ estimates.
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Earnings Results: Qualcomm stock drops more than 5% after poor outlook, months-long chip glut
Qualcomm Inc. shares fell in the extended session Wednesday following the chip maker’s poor outlook, and estimates of about two months or more of inventory it needs to clear in its core business.
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MarketWatch First Take: How Powell pivoted away from the Fed’s dovish message and tanked the markets
Fed Chair Powell wants everyone to know that he’s going to fight inflation until it cries uncle.
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: Etsy stock leaps as fee increases push revenue higher despite dip in sales
Etsy Inc. shares jumped roughly 10% in after-hours trading Wednesday, after the e-commerce company reported that its revenue increased despite a decline in sales on its platform following a fee increase earlier this year.
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Earnings Results: On anniversary of home-flipping flop, Zillow is done selling houses
Zillow Group Inc. is done selling houses a year after ditching its iBuying business, and executives reported better than expected earnings and revenue while wrapping up the effort.
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: Booking stock rises as company more than doubles profit, beats expectations
Booking Holdings Inc. stock rose sharply in extended trading on Wednesday as the company’s third-quarter profit more than doubled and its results beat Wall Street expectations across the board.
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Earnings Results: Robinhood stock rises, despite a fall-off in revenue and active users
Shares of Robinhood Markets Inc. rose after hours after the popular stock-trading app reported a narrower than expected loss and forecast lower expenses.
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Earnings Results: Roku stock plunges as earnings forecast disappoints
Roku Inc. shares were plummeting 19% in after-hours trading Wednesday after the streaming company topped expectations with its latest results but gave a weaker-than-anticipated outlook for the holiday quarter as economic conditions could further “degrade advertising budgets.”
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The Margin: Vecna’s house on ‘Stranger Things’ is selling for $1.5 million — and it comes with a cast-iron urinal
The creepy ‘Creel House’ last sold for $350,000 in 2019. The listers joke that the previous resident, the evil demon Vecna, ‘has since been relocated.’