Shares of online education company 2U closed down 57% Friday, falling below $1 for much of the day after a problematic forecast and indications that some universities are terminating their contracts.2U, which helps companies offer digital programs to students, posted a net loss of $47.4 million for the third...
In an age where everyone relies on technology, some prefer to do without. A recent eMoney study found that’s going to be a problem for advisors who aren’t down with tech. The study found that clients who work with tech-forward advisors — those who rate technology or client portals as...
Delmaine Donson | E+ | Getty ImagesHealth savings accounts offer perhaps the best tax perks relative to other investment accounts.But most account holders use them in a way that dilutes their benefits, data shows.Just 19% of HSA participants invest their account assets, according to a new survey by the...
Billionaire investor Ron Baron told CNBC on Friday that he expects SpaceX to IPO its Starlink satellite internet service "in 2027 or so.""We think that by the time they go public with SpaceX, with Starlink ... in 2027 or so, four years, the company will be worth $250 billion...
Stephanie LandSource: Simon and SchusterStephanie Land's daughter, Emilia, was 7 months old when Land was forced to leave her volatile partner. What came next for the single mother was homelessness and food insecurity — but somehow, at the same time, Land also worked to finish her college degree and pursue...
The world's biggest bank is facing a unique challenge in the largest market on the planet, as it has been forced to resort to moving trades across Manhattan using a physical USB drive. The American branch of Industrial & Commercial Bank of China Ltd., the largest bank globally, has been...
Check out the companies making headlines in midday trading. Groupon — Shares plunged 39.5%, a day after the online marketplace company posted third-quarter revenue and global gross billings that fell short of expectations. Separately, it approved an $80 million, fully backstopped rights offering to shareholders. Wynn Resorts — The...
SEC Chair Gary Gensler has been able to forge ahead with an aggressive rulemaking agenda despite strong industry pushback and political pressure from Capitol Hill. But something looms in November that would stop him in his tracks — a government shutdown. Federal funding is set to ex Learn more about reprints...