Financial

Groupon to lay off 500 employees as struggling Chicago-based online marketplace seeks financial turnaround

Groupon to lay off 500 employees as struggling Chicago-based online marketplace seeks financial turnaround

Groupon is laying off 500 employees, or nearly 15% of its global workforce, as the struggling Chicago-based online marketplace seeks to cut costs amid falling revenues. The total includes 293 positions associated with the headquarters at 600 W. Chicago Ave., although many employees are working remotely, Groupon spokesman Nick Halliwell said Monday evening. The company …

Groupon to lay off 500 employees as struggling Chicago-based online marketplace seeks financial turnaround Read More »

Lemonade Announces Second Quarter 2022 Financial Results

Lemonade Announces Second Quarter 2022 Financial Results

NEW YORK, August 08, 2022–(BUSINESS WIRE)–Lemonade, Inc. (NYSE: LMND) has released its second quarter 2022 financial results by posting them to its website. Please view the Q2 2022 financial results in the Letter to Shareholders on the company’s investor relations website. On Tuesday, August 9, 2022, Lemonade will host a conference call at 8:00 a.m. …

Lemonade Announces Second Quarter 2022 Financial Results Read More »

NVIDIA Announces Preliminary Financial Results for Second Quarter Fiscal 2023

NVIDIA Announces Preliminary Financial Results for Second Quarter Fiscal 2023

Preliminary second quarter revenue of $6.70 billion versus outlook of $8.10 billion Shortfall versus outlook primarily driven by weaker Gaming revenue Management to discuss financial results and outlook on Aug. 24 earnings call NVIDIA (NASDAQ: NVDA) today announced selected preliminary financial results for the second quarter ended July 31, 2022. Second …

NVIDIA Announces Preliminary Financial Results for Second Quarter Fiscal 2023 Read More »

‘I hope I don’t crash and burn.’ I recently hired my first financial planner, but in just seven months, they’ve lost $70K. What's my move?

‘I hope I don’t crash and burn.’ I recently hired my first financial planner, but in just seven months, they’ve lost $70K. What’s my move?

Is a big loss a reason to ditch your financial planner? Getty Images/iStockphoto By ALISA WOLFSON Question: I recently rolled my retirement pension and 401(k) into one account, managed by a financial planner. But in seven months, they seem to have lost $70,000 of my money. How do I know if they’re making sound investments? …

‘I hope I don’t crash and burn.’ I recently hired my first financial planner, but in just seven months, they’ve lost $70K. What’s my move? Read More »

Virgin Galactic Announces Second Quarter 2022 Financial Results And Provides Business Update

Advancement of Strategic Initiatives Positions the Company for Scaled Growth Selected Aurora Flight Sciences, a Boeing Subsidiary, to Build Two New Motherships; First Next-Generation Mothership Planned to Enter Service in 2025 Delta Class Spaceship Manufacturing Facility in Phoenix Area, Expected to be Fully Operational in Late 2023 Commercial Launch Anticipated for Q2 2023 TUSTIN, Calif.–(BUSINESS …

Virgin Galactic Announces Second Quarter 2022 Financial Results And Provides Business Update Read More »

Schechter School financial officer stole $8.4M to buy luxury vehicles, five homes on Fire Island, DA says

Schechter School financial officer stole $8.4M to buy luxury vehicles, five homes on Fire Island, DA says

An official at a Williston Park private school has been indicted on grand larceny and money laundering charges for allegedly stealing $8.4 million from the school and using the money to buy luxury vehicles, five homes on Fire Island and to pay his daughter’s college tuition, the Suffolk County District Attorney’s office said. David Ostrove, …

Schechter School financial officer stole $8.4M to buy luxury vehicles, five homes on Fire Island, DA says Read More »

I’m 40 and married with 2 kids. How aggressively should I invest my money right now, and should I own crypto?  Here’s what 5 financial advisers told him to do now.

I’m 40 and married with 2 kids. How aggressively should I invest my money right now, and should I own crypto? Here’s what 5 financial advisers told him to do now.

Should crypto be a part of your overall investing strategy? Getty Images/iStockphoto Question: I’m 40, married with two kids and gainfully employed. I’m wondering how aggressively I should be investing in the market if I’d like to quit my job somewhat early. What should my portfolio diversity look like right now, and should I invest …

I’m 40 and married with 2 kids. How aggressively should I invest my money right now, and should I own crypto? Here’s what 5 financial advisers told him to do now. Read More »

Doug Kass: Why I'm Aggressively Buying Bank and Brokerage Stocks

Doug Kass: Why I’m Aggressively Buying Bank and Brokerage Stocks

On Wednesday I listened to a downbeat discussion of bank and brokerage stocks on CNBC’s Half Time. The investors that own them on the show were dour and disappointed. None expected near term relief. The trader who was shorting Financial Select Sector SPDR Fund   (XLF) today, against his bank of America  (BAC) and Goldman Sachs  …

Doug Kass: Why I’m Aggressively Buying Bank and Brokerage Stocks Read More »

Voyager Digital Commences Financial Restructuring Process to Maximize Value for All Stakeholders

Voyager Digital Commences Financial Restructuring Process to Maximize Value for All Stakeholders

Files Voluntary Petitions for Chapter 11 Protection to Implement Restructuring; Proposed Plan of Reorganization Creates Efficient Path to Resume Account Access and Return Value to Customers Voyager Has Approximately $1.3 Billion of Crypto Assets on the Platform, More Than $350 Million of Cash Held in the FBO Account for Customers at Metropolitan Commercial Bank, and …

Voyager Digital Commences Financial Restructuring Process to Maximize Value for All Stakeholders Read More »