China's JD.com Beats Quarterly Sales, Earnings Targets Despite Covid Restraints

China e-commerce giant JD.com on Thursday beat expectations for sales and earnings in the fourth quarter. JD stock fell.

Apollo Sees Private Credit ‘Best Entry Point’ on Low Liquidity

(Bloomberg) -- Apollo Global Management Inc. expects growth in private credit to outstrip its other businesses with the combination of high interest rates and low liquidity driving demand. Most Read from BloombergBiden to Urge 25% Billionaire Tax, Levies on Rich InvestorsMore Eye-Drop Products Recalled in US for Possible ContaminationCompanies Are Telling Us the Real Reason They're Still Raising PricesRookie Traders Are Earning $400,000 in One Unlikely Markets HubIn Biden’s Tax-the-Rich Budget,

Alibaba Rival JD.com Clocks Over 7% Revenue Growth In Q4; Surpasses RMB 1T In Annual Revenue

JD.com, Inc (NASDAQ: JD) reported fourth-quarter FY22 revenue growth of 7.1% year-on-year to $42.84 billion, beating the consensus of $42.73 billion. JD Segment Performance: JD.com's net product revenue grew 1.2% Y/Y to $34.4 billion. Net service revenues rose 40.3% Y/Y to $8.4 billion. JD Retail revenue grew 3.6% Y/Y to $37.5 billion. Margin: Non-GAAP operating margin expanded by 150 bps to 2.5%. Non-GAAP net income per ADS of $0.70 beat the consensus of $0.50. JD.com generated $1.75 billion in

Instagram Goes Down for Thousands of Users Around the World

(Bloomberg) -- Meta Platforms Inc.’s Instagram says it’s resolved “technical issues” that disrupted the photo-sharing service for thousands of users around the world.Most Read from BloombergCompanies Are Telling Us the Real Reason They're Still Raising PricesBiden to Urge 25% Billionaire Tax, Levies on Rich InvestorsIn Biden’s Tax-the-Rich Budget, Capital-Gains Rates Near 45%Rookie Traders Are Earning $400,000 in One Unlikely Markets HubMore Eye-Drop Products Recalled in US for Possible Contamin

China's JD.com warns consumer confidence will take time to rebuild

Online direct sales revenue in the quarter grew 1% year on year, missing analysts consensus forecast of 4%, according to a research report by Atlantic Equities after the results. JD.com's net income attributable to ordinary shareholders was 3 billion yuan ($431 million) in the three months ended December, versus a net loss of 5.2 billion yuan a year earlier. Revenue rose 7.1% to 295.4 billion yuan, missing the consensus estimate of 296.2 billion yuan, according to Refinitiv data.

SoftBank-Backed Startup Ziroom Is Said to Mull $1 Billion HK IPO

(Bloomberg) -- Chinese home rental platform Ziroom Inc. is considering a Hong Kong initial public offering that could raise about $1 billion as soon as this year, according to people familiar with the matter.Most Read from BloombergCompanies Are Telling Us the Real Reason They're Still Raising PricesBiden to Urge 25% Billionaire Tax, Levies on Rich InvestorsIn Biden’s Tax-the-Rich Budget, Capital-Gains Rates Near 45%Rookie Traders Are Earning $400,000 in One Unlikely Markets HubMore Eye-Drop Pro

10 banks that may face trouble in the wake of the SVB Financial Group debacle

Silicon Valley Bank wasn't well positioned for rising interest rates, leading to losses and a dilutive capital raise. Other banks show similar red flags.

Warren Buffett just added millions more shares of this stock to his portfolio. And it has an 84% return since 2020. Should you invest?

While Buffett's stock picks may seem appealing, heed another piece of his advice: "I don’t think most people are in a position to pick single stocks."

Wells Fargo (WFC) Stock Sinks As Market Gains: What You Should Know

In the latest trading session, Wells Fargo (WFC) closed at $43.84, marking a -1.37% move from the previous day.

Oracle Earnings Edge Above Estimates While Sales Slightly Miss

Database software giant Oracle reported quarterly earnings late Thursday that barely topped estimates.

Prudential (PRU) Down 9.2% Since Last Earnings Report: Can It Rebound?

Prudential (PRU) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

Oracle Stock Falls on Small Shortfall in Revenue

STOCK ALERT Oracle shares are falling after the software company posted slightly worse-than-expected revenue results for its latest quarter. “Our strong quarterly earnings growth was driven by 48% constant currency growth for the total revenue of our two cloud businesses, infrastructure and applications,” CEO Safra Catz said in the release.

SVB Financial Realigns Portfolio—and Blows Up the Banking Sector

Lender SVB Financial Group’s stock plummeted Thursday after it sold assets for a loss following a decline in deposits. SVB’s troubles came as the Silicon Valley-based lender was forced to sell securities to realign its portfolio in response to higher interest rates while it manages lower deposit levels from clients, many of which are in the venture capital arena and burning through cash. After Wednesday’s market close, SVB said it sold all of its $21 billion in securities classified as available for sale (AFS), a portfolio essentially comprised of U.S. Treasury and mortgage-backed securities.

Oracle stock drops more than 5% as segments other than cloud services miss on revenue

Oracle Corp. shares fall in the extended session after the software company's revenue comes in a hair below the Wall Street consensus.

SVB Financial Group Shares Crater on Stock Sale Announcement

Shares of SVB Financial Group (SIVB) are cratering after the holding company for Silicon Valley Bank announced it was seeking to raise $2.25 billion in stock sales in order to shore up its financial position.

Energy Fuels (UUUU) Reports Q4 Loss, Lags Revenue Estimates

Energy Fuels (UUUU) delivered earnings and revenue surprises of -120% and 82.20%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Akebia Therapeutics (AKBA) Reports Q4 Loss, Tops Revenue Estimates

Akebia Therapeutics (AKBA) delivered earnings and revenue surprises of 71.43% and 14.14%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Bank carnage drags stocks lower as SVB Financial shares plunge

A brutal day across the banking sector took a toll on the broader market Thursday, with major indexes posting sharp losses after SVB Financial’s sale of a large chunk of its portfolio at a loss sparked selling.

FuelCell Stock Is Rising. Its Sales Beat Is Just One Reason.

The Inflation Reduction Act will be a key driver of growth for the company that makes electricity from hydrogen.

DocuSign Stock Falls on Strong Earnings

DocuSign shares were trading lower after the electronic-signature software company posted better-than-expected results. DocuSign (ticker: DOCU) posted fiscal fourth-quarter adjusted earnings per share of 65 cents, topping the consensus estimate of 52 cents, according to FactSet. The software company’s shares fell as much as 5% in after-hours trading following the release.

11 Top Growth Stocks Expecting Up To 166% Rise This Year

Allegro MicroSystems and PDD stock join nine other top-rated growth stocks eyeing 50% to 166% EPS growth this year.

How much money do I need to live completely off dividends? This is how to figure out the lowest amount you need to make it work

Yes, there's math. No, it's not that hard.

GE Stock Soars Nails 58-Month High On 2023 Guidance, Long-Term Outlook

Here's what the storied conglomerate discussed at an investor event Thursday. GE stock rallied after the event.

FuelCell Energy (FCEL) Reports Q1 Loss, Tops Revenue Estimates

FuelCell Energy (FCEL) delivered earnings and revenue surprises of 28.57% and 34.48%, respectively, for the quarter ended January 2023. Do the numbers hold clues to what lies ahead for the stock?

Silvergate stock falls Thursday after bank announces voluntary 'wind down'

Silvergate shares fell Thursday after the crypto bank announced that it would be liquidating, raising new doubts about the relationship between traditional banks and the crypto world.

Cathie Wood Grabs Another $12.6 Million Piece Of Tesla

Cathie Wood and her ARK Invest firm are buying the dip on Tesla stock as Elon Musk's EV giant stalls on its massive rally to start the year.

Aemetis (AMTX) Reports Q4 Loss, Lags Revenue Estimates

Aemetis (AMTX) delivered earnings and revenue surprises of -85.29% and 10.81%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Hudson Technologies (HDSN) Q4 Earnings Top Estimates, Down Y/Y

Hudson Technologies' (HDSN) 2022 fourth-quarter revenues reflect higher sales volume and increased selling price.

Silvergate Capital will liquidate after crypto collapse wipes out bank

Silvergate said late Wednesday it would wind down operations after a run on the bank caused by crypto outflows led to mounting losses for the firm.

GM Is Battening Down the Hatches and Cutting Employees to Save Costs

General Motors (ticker: GM) announced Thursday a voluntary separation program, or VSP, to accelerate cost savings. The VSP will include lump-sum payments so GM is taking at $1.5 billion charge against earnings. GM is maintaining its full -year guidance for adjusted operating profit of $10.5 billion to $12.5 billion.

Analyst Believes One Tech Stock Could Skyrocket Soon

Shares of one of tech's biggest names have come under relentless pressure over the past year as its CEO pursued a quixotic quest to develop the next big thing. Oppenheimer analyst Jason Helfstein's annual price target indicates that Meta Platforms could see as much as a 27% jump in stock price over the coming year. For years, Meta has been at the forefront of virtual reality and artificial intelligence technology.

Morgan Stanley: Prices for Rolex, Patek Philippe and Audemars Piguet watches will keep plunging due to a flood of supply — here are 3 real assets that remain scarce and coveted

Time flies. But it also crashes.

Dow Jones Rises 175 Points On Surprise Jump In Jobless Claims; Bitcoin Drops As Crypto Bank Silvergate Crashes 40%

The Dow Jones rose Thursday after jobless claims data. Bitcoin dropped, as crypto bank Silvergate Capital crashed 50% on liquidation.

GM offers voluntary buyouts to US salaried workers, expects $1.5B charge

General Motors is laying out its plan to extract $2 billion in cost savings, and it seems reductions in its labor force will be a big part of it.

“This voluntary program offers eligible employees an opportunity to make a career change or retire earlier. We are offering three packages based on level and service to the company. Employees are strongly encouraged to consider the program,” a GM spokesperson said in a statement sent to Yahoo Finance. “By permanently bringing down structured costs, we can improve vehicle profitability and remain nimble in an increasingly competitive market.”

Stock Market Gives Back Gains; More Banks Have A Rough Day

The stock market's major indexes struggled to stay positive and were flat or lower at midday Thursday. Investor enthusiasm waned from the higher-than-expected initial weekly jobless claims number released earlier today.

Gitlab (GTLB) to Report Q4 Earnings: What's in the Cards?

Gitlab's (GTLB) fourth-quarter fiscal 2023 results are likely to reflect the benefits of an expanding clientele and strong portfolio.

Ask an Advisor: ‘Am I Getting Fleeced?' I'm 66, Contributing $272 Per Month to an IRA and Paying $136 Monthly in Fees. That's 50% of My Contribution

I am 66 years old, still working and with very good health insurance. My company does not have a 401(k). I do have an individual retirement account (IRA) with approximately $120,000 invested. I contribute $272 per month, yet my program … Continue reading → The post Ask an Advisor: ‘Am I Getting Fleeced?' I'm 66, Contributing $272 Per Month to an IRA and Paying $136 Monthly in Fees. That's 50% of My Contribution appeared first on SmartAsset Blog.

Best Oversold Dividend Stocks for March 2023

Many stocks are under pressure recently.

Biden’s tax hikes for the rich are unlikely to pass. The bigger debate: Trump-era tax cuts that end in 2025.

The 2025 sunsetting of notable 2017 individual-income-tax rules is "a hurricane we already see on the radar."

AmEx (AXP) Approves Buyback Plan and 15% Dividend Hike

American Express (AXP) announces a new buyback plan and 15% dividend hike, thereby denoting its financial strength and efforts to sustain a prudent capital deployment history.