January 26, 2023

Stocks making the biggest moves midday: Chevron, Tesla, Seagate Technology, United Rentals and more

January 26, 2023 admin

Check out the companies making headlines in midday trading. Seagate Technology — Shares of the data storage company surged more than 10% a day after Seagate posted beats on the top and bottom line for its fiscal second quarter. Seagate reported earnings of 16 cents per share on revenue of $1.89 billion. Analysts called for earnings of 10 cents per share on $1.83 billion in revenue, according to Refinitiv. Chevron – Shares of the energy giant popped 4% a day after the company announced a $75 billion buyback and said…

Stripe tells employees it will decide on an IPO within the next year

January 26, 2023 admin

Stripe co-founder and CEO, Patrick Collison Manuel Blondeau | Getty Images Stripe, the fintech company once valued at $95 billion by private market investors, will make a decision on its plans to go public within the next year, CNBC has confirmed. Co-founders and brothers John and Patrick Collison told employees on Thursday that they will set a goal of taking the company public or letting staffers sell shares through a secondary offering, The Information first reported. The tech IPO market has been frozen since late 2021 after two record-breaking years…

Dollar General hit by more worker safety fines at Florida, Alabama stores

January 26, 2023 admin

A Dollar General store in Creve Coeur, Illinois. Daniel Acker | Bloomberg | Getty Images Dollar General has been hit with more fines for worker safety violations, this time for issues at three Southeast stores amounting to $387,000, the Department of Labor said Thursday. Federal inspectors with the department’s Occupational Safety and Health Administration found merchandise blocking exit routes at two stores in Florida, exposing workers to fire and entrapment hazards, as well as blocked exit routes and unstable stockpiles of boxes and merchandise at a store in Alabama, according…

FDA has not observed stroke risk among seniors who received Pfizer booster after extensive review

January 26, 2023 admin

A nurses fills up syringes for patients as they receive their coronavirus disease (COVID-19) booster vaccination during a Pfizer-BioNTech vaccination clinic in Southfield, Michigan, September 29, 2021. Emily Elconin | Reuters The Food and Drug Administration has not seen any indication that seniors face an increased risk of stroke after receiving Pfizer’s omicron booster shot, a federal health official said Thursday. The FDA launched an extensive review of federal data after investigators at the Centers for Disease Control and Prevention detected a possible risk of stroke for seniors who received…

Jim Cramer’s Investing Club meeting Thursday: Stocks rise, Eli Lilly, Meta

January 26, 2023 admin

Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Thursday’s key moments. Continue to be cautious Buy Eli Lilly Meta needs more cost cuts 1. Continue to be cautious Stocks edged up Thursday on the back of fresh data showing the U.S. economy grew by 2.9% in the fourth quarter, ahead of analysts’ forecasts. The S & P 500 rose 0.32% in midday trading. At the same time, the S & P 500 Short Range Oscillator ,…

NBUniversal expects Peacock losses to peak this year as streamer slowly adds subscribers

January 26, 2023 admin

The NBCUniversal Inc. Peacock streaming service is displayed on a laptop computer in an arranged photograph taken in the Brooklyn Borough of New York, U.S., on Monday, April 20, 2020. Gabby Jones | Bloomberg | Getty Images Streaming service Peacock has slowly been taking flight with consumers. Its losses on Comcast’s balance sheet, however, have been swift. Like its peers, Comcast has been investing in its streaming platform by putting more of its content on Peacock. But it’s coming at a heavy cost. Peacock weighed down earnings for Comcast’s NBCUniversal,…

How AI is detecting heart attack risk and aiming to outsmart America’s No. 1 killer

January 26, 2023 admin

Heart disease is the nation’s No. 1 killer, reaching into all communities across income, race, gender and geography. It takes a disproportionate toll on minority populations and women, but one challenge that many patients at risk of a heart attack share: inability to identify the risk before it is too late. More than half of individuals experiencing acute myocardial infarction have no symptoms that might serve as early warning signs. Cardiologist James Min, former professor at Weill Cornell Medical College and director of the Dalio Institute of Cardiovascular Imaging at…

How ‘Skinamarink’ made $1.5 million on a $15,000 budget

January 26, 2023 admin

A still promo for the film Skinamarink. Coutesy: Bayview Entertainment Experimental horror film “Skinamarink” has been all the buzz on social media for months — and now it’s a sleeper hit at the box office. “Skinamarink,” the first feature from Canadian director Kyle Edward Ball, has pulled in over $1.5 million at the box office in just over a week of release, according to Comscore. Some film enthusiasts have compared the experimental movie, with its $15,000 budget, to found-footage horror classic “The Blair Witch Project” and David Lynch’s surrealistic 1977…

IRS warns tax refunds may be ‘somewhat lower.’ With high inflation, that’s a ‘double whammy’ for families, says advisor

January 26, 2023 admin

Bill Oxford | E+ | Getty Images If you’re banking on a tax refund, it may be “somewhat lower” than last year’s payment, according to the IRS. Typically, you can expect a federal refund if you’ve overpaid yearly taxes or withheld more than what you owe. One of the big reasons for smaller payments this year is expiring pandemic relief, which was delivered via tax breaks for 2021 returns, experts say. More from Smart Tax Planning: Here’s a look at more tax-planning news. Meanwhile, many Americans are still struggling financially,…

Tesla shares pop over 9% on ‘better than feared’ earnings results

January 26, 2023 admin

Elon Musk, chief executive officer of Tesla Inc., departs court in San Francisco, California, US, on Tuesday, Jan. 24, 2023. Marlena Sloss | Bloomberg | Getty Images Tesla shares are up over 9% in premarket trading on Thursday, after beating on the top and bottom lines, despite mixed analyst sentiment about the electric-vehicle manufacturer’s outlook. Tesla cut prices at the end of 2022 and into 2023, a move that seems to have sparked demand. Musk offered a caveated but optimistic outlook for production in 2023. “If it’s a smooth year,…