Articles

Doing my mother’s last tax return is the hardest financial task I’ve ever had

Filing a final 1040 is the culmination of a long, difficult run of financial caregiving.

House to vote to avert government shutdown

House lawmakers are preparing to vote Thursday on a measure to prevent a government shutdown, delaying key deadlines and buying themselves more time to finish a bigger funding agreement.

‘Our American dream turned into a nightmare’: I sold my home, but rising interest rates and prices have locked me out of the market. What can I do? 

“The home we sold is now going into foreclosure, but it’s way out of our price range. To say the market is disappointing is an understatement.”

Wall Street’s biggest banks are beating investment-banking revenue estimates

Jefferies analysts chart 13% revenue growth by Bank of America, Citi, JPMorgan, Morgan Stanley and Goldman Sachs, ahead of 10% consensus view.

Pending home sales post biggest drop in five months as mortgage rates rise

U.S. pending home sales fell 4.9% in January, the National Association of Realtors said on Thursday.

Chicago business activity index slumps in February

Index drops to 44, lower than 48 expected

AMC rode the Taylor Swift and Beyoncé wave, but a ‘bumpy 2024’ is now under way, Wedbush says

AMC Entertainment Holdings Inc. enjoyed a boost from Taylor Swift and Beyoncé’s concert films in its fourth-quarter results Wednesday, but the company now faces a “bumpy” year, according to analyst firm Wedbush.

Best Buy’s stock jumps after profit beat, as gaming growth offsets smartphone weakness

Best Buy’s stock got a nice bump Thursday, after the retailer reported quarterly results that beat expectations, as growth in gaming sales helped offset continued pressure on other consumer electronics sales, including smartphones and tablets.

Jobless claims tick up in latest week

Initial jobless claims rose by 13,00o to 215,000 in the week ended Feb. 24, the Labor Department said Thursday.

Snowflake’s stock heads for worst day ever — and could stay in the ‘penalty box’

Snowflake shares are suffering from its CEO’s retirement, plus a weak forecast. These factors could help erase $17 billion in market cap.

Trulieve, Green Thumb Industries, Verano beat revenue estimates as more states roll out legal cannabis sales

Trulieve Cannabis Corp., Green Thumb Industries Inc. and Verano Holdings Corp. all topped revenue estimates for the fourth quarter, as the cannabis companies opened new stores and more states rolled out medical and adult-use programs.

Viking Therapeutics takes advantage of soaring stock price to issue fresh shares at a discount

Viking Therapeutics has a stock offering starting at $85 — a discount from its Wednesday closing price of $94.50.
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