Danny Werfel, the Biden administration’s pick for IRS commissioner, appeared before the Senate Finance Committee for a confirmation hearing today.
Earnings Results: Zillow vows to continue to invest in ‘tough housing market’
Zillow Group Inc. stock rose in the extended session Wednesday after the company reported quarterly revenue that topped Wall Street expectations, saying it is investing in a ‘tough housing market while others retrench.’
Key Words: Crypto? ‘It’s worthless. It’s no good. It’s crazy. It does nothing but harm, and it’s antisocial,’ says Charlie Munger.
Charlie Munger slams digital assets again.
Earnings Results: Shopify stock falls nearly 7% as forecast disappoints amid escalating Amazon rivalry, price increases
Shopify produced a better holiday quarter than expected, but a forecast for slowing revenue growth hit the stock in late trading.
Earnings Results: Roku stock soars after earnings as consumers stream more than expected
Consumers streamed more content than expected through Roku’s platform in the fourth quarter, helping to drive a sizable revenue beat despite economic pressure.
Earnings Results: Cisco stock gains after earnings and revenue beat, annual forecast raised
Cisco blew away expectations for revenue growth in the holiday quarter, and predicted stronger growth in a revised annual forecast that sent shares higher.
Economic Report: CBO warns of potential for U.S. default between July and September, as debt-limit standoff persists
The Congressional Budget Office, a nonpartisan watchdog agency, provides new information on Wednesday tied to the issue of raising the U.S. debt limit.
: World Bank chief Malpass says he’s stepping down early
David Malpass said Wednesday that he’s stepping down by the end of June as president of the World Bank, about a year before his term ends.
Crypto: Bitcoin soars to 6-month high, as regulatory concerns ease slightly
Bitcoin soars over 9% Wednesday to the highest level since August 2022, despite investor fears of a U.S. regulatory crackdown.
: After IPO, Bausch + Lomb turns to an industry favorite to run the company
The company’s stock was up about 9% in trading on Thursday after the company made the announcement that Brent Saunders will return to Bausch + Lomb as CEO.