Roblox stock surged as much as 27% Wednesday after fourth-quarter results beat forecasts. Bookings rose by 17% in the holiday quarter compared to the previous year. The outlook is upbeat as well, with bookings indicating acceleration to 19%-21% annual growth. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized… Continue reading Roblox shares soar 27% as gains in users and virtual currency purchases lift quarterly results
FTX is trying to get back $400 million sitting in a JPMorgan account that Sam Bankman-Fried had previously invested in an obscure hedge fund: report
FTX and Modulo Capital are negotiating the return of a $400 million investment from Sam Bankman-Fried, according to the New York Times. Modulo received one of Bankman-Fried’s single-largest investments shortly before FTX collapsed. The $400 million is being held in a JPMorgan Chase account because the bank served as the hedge fund’s prime broker. Loading… Continue reading FTX is trying to get back $400 million sitting in a JPMorgan account that Sam Bankman-Fried had previously invested in an obscure hedge fund: report
Half of Ontario insolvencies filed by millennials
Insolvencies are up 15% from last year and a younger generation is leading the way Total Ontario insolvencies rose by 15 per cent in 2022 year over year while Canadian filings rose by 11 per cent. Photo by Getty Images/iStockphoto After the pace of insolvency filings fell during the pandemic, it is now back on… Continue reading Half of Ontario insolvencies filed by millennials
Stock Market Today: Stocks Struggle for Direction After Inflation Data
Stocks bounced between positive and negative territory Tuesday as investors considered whether to take the latest consumer price index (CPI) as a glass half full or a glass half empty. On one hand, the data showed inflation continued to cool in January. But on the other hand, the pace of moderation slowed as prices for… Continue reading Stock Market Today: Stocks Struggle for Direction After Inflation Data
Is the Stock Market Open on Presidents’ Day?
Is the stock market open on Presidents’ Day? The answer to this question is no. The stock market will be closed Monday, Feb. 20, for Presidents’ Day, or Washington’s Birthday, as the holiday is also known. Washington’s Birthday became a federal holiday in 1879, and was celebrated on Feb. 22 until 1970, when it was… Continue reading Is the Stock Market Open on Presidents’ Day?
January CPI Report: What the Experts Are Saying About Inflation
The January CPI report released Tuesday revealed that inflation continued to cool in January, albeit by not quite as much as economists had forecast. The CPI report, or Consumer Price Index, for January increased 0.5% on a month-to-month basis after rising 0.1% in December, the Bureau of Labor Statistics (opens in new tab) said. Economists… Continue reading January CPI Report: What the Experts Are Saying About Inflation
Should You Buy Food Stocks? We All Gotta Eat
In a terrible time for most stocks, a few sectors have done awfully well. Energy stocks, of course. Also defense and aerospace (there’s a war on) and healthcare (needed always). Another strong sector may come as a surprise: food stocks. Archer-Daniels-Midland (ADM (opens in new tab)), the giant food-processing company, surged 39.7% in 2022, and… Continue reading Should You Buy Food Stocks? We All Gotta Eat
‘A Random Walk Down Wall Street’ at 50
Princeton University emeritus economist Burton Malkiel (opens in new tab), who turns 91 this year, has published a 50th-anniversary edition of his investing classic, A Random Walk Down Wall Street (opens in new tab). Kim Clark, Kiplinger: So much has changed since your first edition — there weren’t even any index funds for individual investors… Continue reading ‘A Random Walk Down Wall Street’ at 50
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