Business

Twitter and Square CEO Jack Dorsey speaks during a press event at CES 2019 on January 9, 2019 in Las Vegas, Nevada. David Becker | Getty Images News | Getty Images Twitter’s stock was flat in after-hours trading on Tuesday after the company reported its fourth-quarter earnings, as the company beat Wall Street’s earnings and

If anybody on Wall Street is due a victory lap, it’s Daniel Pinto. The head of JPMorgan Chase‘s massive corporate and investment bank is fresh off a year for the record books: Pinto’s business produced $49.3 billion in revenue and $17.1 billion in profit in 2020, more earnings than JPMorgan’s three other divisions combined. But

Jeff Bezos would owe about $2 billion a year in state income taxes under Washington’s proposed wealth tax, according to legislators. As part of an effort to reduce inequality and offset the state’s lack of an income tax, Washington state legislators are proposing a 1% levy on wealth over $1 billion. Lawmakers say the tax

A police officer directs Miami-Dade County residents as they line up in their cars to receive a paper unemployment form on April 7, 2020 in Hialeah, Florida. Daniel A. Varela/Miami Herald/Tribune News Service via Getty Images Millions of workers have left the labor force since the early days of the Covid pandemic. That’s bad news

Target’s activewear brand All in Motion is one of 10 brands at the retailer that have reached $1 billion in sales. Target Target launched its own line of workout clothes and exercise equipment about a year ago. Two months later, the pandemic turned much of the country into stretchy pants-wearing remote workers who converted garages

Tiffany Hagler-Geard | Bloomberg | Getty Images The stock market is known for being unpredictable and volatile, and any sense of normalcy was blown up during the recent GameStop rally. Most of us know the story by now: After discovering that several hedge funds had bet on the video game retailer losing value, people banded

Evan Spiegel, CEO of SNAP Inc. Stephen Desaulniers | CNBC Snap’s stock fell more than 5% in after-hours trading on Thursday after the company reported its fourth-quarter earnings despite beating Wall Street’s expectations on earnings, revenue and user growth. But the company provided a first-quarter adjusted EBITDA forecast that was much lower than analysts’ consensus

A United Parcel Service worker delivers packages in New York City. Stephanie Keith | Getty Images Volatility has made its way back to Wall Street. Over the last few weeks, the trading mania related to GameStop and AMC Entertainment has hogged headlines, after a group of retail investors banded together to bid up the share

Before he co-founded Twitter and became a billionaire, Jack Dorsey thought about quitting the tech industry altogether for an entirely different line of work: fashion designer. Today, 44-year-old Dorsey is the CEO of both Twitter and mobile payment company Square and has an estimated personal net worth of $12.9 billion, according to Forbes. But, before

President Joe Biden speaks delivers a foreign policy address during a visit to the State Department in Washington, February 4, 2021. Tom Brenner | Reuters President Joe Biden said this weekend that it is unlikely a $15 federal minimum wage provision makes it into the next Covid-19 relief package, hitting pause on a key campaign

With more than 100 million viewers tuning in, some of the largest U.S. brands shell out millions of dollars every year for airtime during the Super Bowl. In years past, the likes of Doritos and T-Mobile have paid for multiple ads to run during the NFL championship game in the hopes of creating a splash

Image Source | DigitalVision | Getty Images As Washington lawmakers work to come to an agreement on a new coronavirus relief package, one key question has emerged: Will the next stimulus checks be $1,400? President Joe Biden sought to end that debate in a press conference on Friday by re-affirming his commitment to $1,400. “I’m

A passing car carrier is reflected in the grille of a 2017 Ford Motor Co. F-150 pickup truck on display at the Sutton Ford Lincoln car dealership in Matteson, Illinois. Daniel Acker | Bloomberg | Getty Images DETROIT – Ford Motor is expected Thursday to report a loss for the fourth quarter due to the

The student debt crisis has hit a new milestone — soaring to $1.7 trillion in outstanding loans at the end of last year. As more than 44 million Americans grapple with this burden, the disparity in the amount of that debt held by Black and White borrowers is also growing. Studies show that young Black

A man holding a phone walks past a sign of Chinese company ByteDance’s app TikTok, known locally as Douyin, at the International Artificial Products Expo in Hangzhou, Zhejiang province, China October 18, 2019. Reuters BEIJING — Chinese consumers are shopping more through livestreaming and video apps — a new trend that’s grabbing a slice of

Peloton Interactive Inc. stationary bicycles sit on display at the company’s showroom on Madison Avenue in New York, U.S., on Wednesday, Dec. 18, 2019. Jeenah Moon | Bloomberg | Getty Images Peloton on Thursday reported quarterly sales growth of 128%, marking its first billion-dollar quarter, as the momentum keeps climbing for the at-home fitness equipment

Tom Williams | CQ-Roll Call, Inc. | Getty Images Americans have it worse than all other developed nations when it comes to benefits for workers, according to a new ranking. The U.S. places last relative to its national policies around healthcare, unemployment, retirement, parental leave, and paid vacation and sick days, according to Zenefits, a

Saul Loeb | AFP | Getty Images Amazon is set to announce its fourth-quarter earnings after the bell on Tuesday.  Here’s what Wall Street is expecting: Earnings: $7.23 per share forecast by Refinitiv Revenue: $119.7 billion forecast by Refinitiv If Amazon meets analysts’ expectations, it will be the first time the company books $100 billion in revenue

Stash co-founders, Brandon Krieg and Ed Robinson. Source: Stash Stock-trading app Stash plans to announce a $125 million venture investment to help fuel customer growth. But it’s not looking to attract the type of trader who might bet on GameStop. The New York-based company will announce a Series G funding round Wednesday, led by Eldridge

Rachmat Kaimuddin was not even 100 days into his new role as CEO of Indonesian e-commerce marketplace Bukalapak when the pandemic hit. It marked a crossroad for one of the country’s leading start-ups, which had to act fast to support millions of family-owned street stalls for whom it provides digital services. But it was a

Signage for Alibaba Group Holding Ltd. covers the front facade of the New York Stock Exchange November 11, 2015. Brendan McDermid | Reuters Alibaba will be taking advantage of the low interest rate environment in the U.S. right now by issuing the bonds. The company said the proceeds will be used for general corporate purposes,

A woman wearing a facemas exits a Chipotle Mexican Grill restaurant with her takeout order on January 14, 2021 in Monterey Park, California. Frederic J. Brown | AFP | Getty Images Chipotle Mexican Grill is expected to report its fourth-quarter earnings after the bell on Tuesday. Here’s what Wall Street analysts surveyed by Refinitiv are

As the nation celebrates the achievements of African-Americans during Black History Month, it is also a time to look ahead. Black leaders have some advice for the next generation of African-Americans about how to bridge the racial wealth and income gap in the U.S., which has only been exacerbated by the coronavirus pandemic. That gap

American Airlines flight 718, the first U.S. Boeing 737 MAX commercial flight since regulators lifted a 20-month grounding in November, takes off from Miami, Florida, December 29, 2020. Marco Bello | Reuters American Airlines on Thursday reported a record quarterly loss and faces difficult months ahead as new travel restrictions and a slow rollout of

The logo of trading app Robinhood is displayed on a smartphone. Olivier Douliery | AFP via Getty Images This is a developing story. Check back for updates. Robinhood started easing trading restrictions on Monday, raising its trading limit on GameStop to four shares from a single share. The brokerage also raised the limits on AMC

If you’re the type of eager beaver who likes to get your taxes done early every year, you’ll have to wait a bit longer than usual to file your 2020 return — until well after Groundhog Day, in fact. The IRS recently announced that it won’t begin accepting returns until February 12, which is 16

Workers stand at the port of Qingdao, Shandong province, China June 10, 2019. Reuters BEIJING — China is set to overtake the United States as the world’s largest economy a few years earlier than anticipated due to the coronavirus pandemic, analysts said. The U.S. reported last week that gross domestic product in 2020 contracted by

A Regal Cinemas movie theater stands at night in New York, U.S., on Tuesday, Oct. 6, 2020. Amir Hamja | Bloomberg | Getty Images Hollywood is hopeful that a robust Covid vaccine rollout will bring moviegoers back to theaters in droves, but content matters as well. Fortunately, there are a slew of blockbusters waiting for

The headquarters of the Consumer Financial Protection Bureau in Washington, D.C. JHVEPhoto | iStock Editorial | Getty Images The Consumer Financial Protection Bureau is expected to become a more aggressive consumer watchdog under the Biden administration and while the coronavirus pandemic hurls financial challenges at millions of Americans. Consumer advocates say the bureau was almost

People wear protective face masks outside McDonald’s in Times Square as the city continues Phase 4 of re-opening following restrictions imposed to slow the spread of coronavirus on September 18, 2020 in New York City. Noam Galai | Getty Images McDonald’s is expected to report its fourth-quarter earnings before the bell on Thursday. Here’s what