Nearly 600 people have become billionaires in the past two years as inequality has worsened, according to a new Oxfam report.
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The catalyst that sent the social media company plummeting was a profit warning that set off alarm bells about the state of the economy. In a regulatory filing...
Americans’ self-reported financial well-being hit a nine-year high before inflation and omicron took off, an annual Federal Reserve Board report shows Read...
Abercrombie & Fitch slashed its sales outlook for fiscal 2022, anticipating that economic headwinds will remain at least through the end of the year. Read more...
Netflix (NASDAQ: NFLX) shareholders lost ground to a falling market on Tuesday as shares dropped 5% by 11 a.m. EDT compared to a 2.3% slump in the S&P 500...
John Ballard (Wayfair): Shares of the leading online home goods store have fallen 86% after reaching an all-time high of $369 in 2021. Wayfair's broad...
U.S. businesses expanded at the slowest pace in several months, a pair of surveys showed, reflecting the effects of high inflation, ongoing supply shortages...
(Bloomberg) -- Social media stocks lost about $165 billion in market value Tuesday after Snap Inc.’s profit warning, adding to woes for the sector which is...
(Bloomberg) -- Snap Inc. plunged as much as 40% Tuesday morning, dipping below its initial public offering price after the social media company cut its revenue...
President Joe Biden has made headlines by saying he'll roll out a plan for canceling federal student loans "in the next couple of weeks" --- and that he'll aim...
