Upstart Holdings shares cratered over 50% Tuesday after the fintech company cut its yearly revenue outlook. The consumer lender flagged inflation pressures and recession risk in reducing its projection. Upstart expects 2002 revenue of $1.25 billion compared with its previous view of $1.4 billion. Loading Something is loading. Shares of Upstart Holdings, a consumer lending… Continue reading Upstart plummets 52% as the consumer lending platform points to recession risks and cuts its full-year outlook
US stocks attempt to rebound after huge sell-off that sent S&P 500 to lowest level in a year
US stocks attempted a rebound on Tuesday after suffering a two-day sell-off that sent the S&P 500 to a one-year low.Risk assets from bitcoin to stocks bounced in early Tuesday trades as interest rates fell considerably.First-quarter earnings results continue to roll-in, and so far 77% of companies that have reported so far have beat profit… Continue reading US stocks attempt to rebound after huge sell-off that sent S&P 500 to lowest level in a year
Peloton crumbles 20% to a record low after third-quarter earnings miss reveals a ‘thinly capitalized’ company
Peloton stock plunged as much as 20% to a record low on Tuesday after it missed fiscal third-quarter earnings estimates.The company also offered fourth-quarter revenue guidance that was well below analyst estimates.”We finished the quarter with $879 million in unrestricted cash and cash equivalents, which leaves us thinly capitalized for a business of our scale,”… Continue reading Peloton crumbles 20% to a record low after third-quarter earnings miss reveals a ‘thinly capitalized’ company
A Guide to Paying Quarterly Taxes
Working for yourself presents a host of benefits, such as never having to report to a boss and setting your own hours. It also carries a few added tax requirements, such as paying your taxes quarterly instead of with each paycheck as a W-2 employee would. Keep reading to learn answers to questions like, “Who… Continue reading A Guide to Paying Quarterly Taxes
How Long Does It Take for an Apple Core, a Coffee Cup or a Tire to Decompose?
For every American, there are 152 pieces of litter. Here’s how long they take to break down in the environment. For every American, there are 152 pieces of litter. Here’s how long they take to break down in the environment. It’s been more than 35 years since beer makers stopped using the pull tabs that… Continue reading How Long Does It Take for an Apple Core, a Coffee Cup or a Tire to Decompose?
Housing Headache: Mortgage Rate Hits 12-Year High
The 30-year fixed-rate mortgage averaged 5.27% in the week ended May 5, according to Freddie Mac. Buying a home continues to get more expensive. The 30-year fixed-rate mortgage averaged 5.27% in the week ended May 5, a 12-year high, according to Freddie Mac. The rate increased from 5.1% a week earlier and 2.96% a year… Continue reading Housing Headache: Mortgage Rate Hits 12-Year High
TSX tanks more than 500 points as commodities join stock retreat
Worries about slowdown in global economic growth Author of the article: Canada’s main stock index touched a more than three-month low on Monday. Photo by Reuters Canada’s main stock index fell below a three-month low on Monday, pulled down by Shaw Communications and resource-linked stocks as commodities retreated on worries over a slowdown in global… Continue reading TSX tanks more than 500 points as commodities join stock retreat
Stocks are falling again with Dow down triple digits as rising bond yields hit growth stocks
Outlook for market isn’t bright even if we dodge a recession, says Goldman Sachs Author of the article: Bloomberg News Rita Nazareth The outlook for U.S. stocks isn’t particularly bright, even if an outright recession is avoided, according to Goldman Sachs Group Inc. strategists. Photo by REUTERS/Lucas Jackson/File Photo Stocks dropped amid concern over how… Continue reading Stocks are falling again with Dow down triple digits as rising bond yields hit growth stocks
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