In an impressive turn of events for investors, Snowflake Inc.’s stock soared by 19% in after-hours trading on Wednesday, buoyed by the publication of its fiscal third-quarter earnings. The data analytics software firm reported earnings that surpassed both revenue and profit estimates set by analysts. Specifically, earnings per share (EPS) came in at 20 cents,
Finance
As retirees and financial planners prepare for the upcoming years, the widely accepted 4% rule of withdrawing retirement savings is coming under scrutiny. Originally designed to provide a steady income throughout a 30-year retirement period, the rule’s effectiveness may be challenged by changing market conditions and investment expectations. Recent findings by Morningstar indicate a need
In a shocking turn of events, the Alexander brothers—Tal, Oren, and Alon—have been accused in a federal indictment of committing heinous crimes over a span of more than a decade. Federal prosecutors in New York allege that the trio engaged in drugging and raping numerous victims, with revelations suggesting that their predatory behavior may extend
The U.S. Treasury Department’s recent decision to extend the deadline for the filing of the Beneficial Ownership Information (BOI) report has sparked significant interest and concern across the small business community. Initially scheduled for a January 1, 2024, compliance deadline, businesses will now have until January 13, 2025, to comply. This move reflects the complex
Inflationary pressures have notably fluctuated in recent months, and November 2023 presented a mixed picture for consumers in the United States. The latest data from the Bureau of Labor Statistics (BLS) highlighted a slight uptick in the consumer price index (CPI), which rose by 2.7% compared to the same month last year. This increase followed
Cisco Systems, a prominent player in the technology sector, has reported a concerning trend of declining revenue for four consecutive quarters, a development that raises eyebrows among investors and analysts alike. Despite this decline, the company’s recent earnings results managed to exceed the expectations of many analysts, which is an interesting juxtaposition. In after-hours trading,
In a significant move to protect gig economy workers, the Consumer Financial Protection Bureau (CFPB) has leveled a critical complaint against Walmart and Branch Messenger. Allegations detail a systematic scheme that purportedly forced over a million delivery drivers participating in Walmart’s Spark Driver Program into problematic deposit accounts that complicated their payment processes. The implications
Investing strategies can often appear straightforward on the surface, yet they demand in-depth analysis and a critical eye. The “Dogs of the Dow” and its cousin, the “Dogs of the S&P,” represent such strategies, aimed primarily at capitalizing on high dividend yields from established companies. While the premise of investing in blue-chip, high-yield stocks may