Money News

 

Earnings Results: EBay earnings beat expectations, but forecast underwhelms

 

EBay Inc. exceeded expectations with its financial results Wednesday but its shares fell 6.3% in after-hours trading after the company's forecast for the holiday period came up short.

Earnings Results: Ford stock rallies 9% after auto maker raises guidance, says chip shortages are easing

 

Ford Motor Co. stock rose more than 9% in after-hours trading Wednesday after the auto maker reported mixed third-quarter results but raised guidance for this year, resumed paying a dividend and said chip shortages are easing.

Capitol Report: ‘It’s not looking good’: Paid leave may be on chopping block in Democrats’ social-spending bill

 

Paid leave, a major part of Democrats' wide-ranging social-spending bill, may be left on the cutting-room floor as the party's moderates and progressives try to hammer out an agreement this week.

Key Words: Grayscale’s LaValle expects the SEC to approve its spot bitcoin ETF by July 2022

 

David LaValle, global head of ETFs at Grayscale Investments, said on Wednesday that he expected the SEC to approve the company's application for a spot bitcoin ETF by July next year.

: Fiserv stock logs worst day in 19 months after earnings

 

Fiserv Inc.'s stock dove to its worst performance in more than 19 months Wednesday after the financial-technology company discussed the loss of a large processing customer during its earnings call and gave some more muted commentary around the current quarter than some were expecting.

Earnings Results: Twilio stock dives 13% after weak earnings guidance, COO’s announced departure

 

Twilio reported a third-quarter loss of $224.1 million, or $1.26 a share, on sales of $740.2 million, up from $448 million a year ago. After adjusting for stock compensation and other factors, Twilio reported a profit of a penny a share, worse than adjusted earnings of 4 cents a share a year ago.

: Netgear stock drops as supply-chain problems damage outlook

 

Earnings Results: Visa tops earnings expectations, but stock dips after outlook disappoints

 

Visa Inc. topped earnings expectations for its latest quarter but shares logged their worst day in more than a year Wednesday as the company issued a lower-than-expected revenue outlook that struck some analysts as conservative.

Crypto: World’s richest 29-year-old says biggest risk to crypto is ‘a cascade, combining a big crash, liquidations,’ and U.S. regulatory crackdown

 

Sam Bankman-Fried, the co-founder and CEO of FTX, one of the world's most prominent crypto exchanges says that one of the biggest potential risks to the digital-asset market is a cascade of events that also features a U.S. regulatory crackdown.

Personal Finance Daily: America’s 40-year housing market ‘tailwind’ could be coming to an end and my sister wants to distribute $50K to each grandchild from our mom’s savings — but some of us siblings don’t have kids