Cryptocurrencies have rapidly gained prominence over the last decade, presenting both opportunities and challenges for individuals, businesses, and regulators alike. As digital assets become more widespread, taxation laws are being shaped and adapted to accommodate them. However, the taxation of cryptocurrencies is a complex matter, with varying approaches and...
Chinese flags for sale on Nanjing East Road in Shanghai, China, on Wednesday, Oct. 2, 2024.Qilai Shen | Bloomberg | Getty ImagesThe International Monetary Fund (IMF) warned of a possible worsening of the state of China's property market as it trimmed its growth expectations for the world's second-largest economy.In...
Check out the companies making headlines in extended trading: Texas Instruments — The semiconductor company added 2%. Third-quarter results topped analysts' estimates, as Texas Instruments reported earnings of $1.47 per share on revenue of $4.15 billion. Analysts sought earnings of $1.38 per share and revenue of $4.12 billion, per...
Danaher shares declined Tuesday despite the life sciences company returning its key bioprocessing business to growth in the third quarter. Danaher's revenue for the three months ended Sept. 27 advanced 3% year over year on a reported basis, to $5.8 billion, outpacing the LSEG consensus estimate of $5.59 billion....
Check out the companies making headlines in midday trading: Genuine Parts — Shares fell about 20% on the back of the company's weaker-than-expected earnings for the third quarter. During the period, Genuine Parts earned $1.88 per share, excluding items, below the $2.42 per share that analysts polled by FactSet...
Interface.ai, a customer automation platform for banks and other financial institutions, today announced that it closed a $30 million funding round led by Avataar Venture Partners. $20 million of the round was equity, while the remaining $10 million was in the form of debt. It’s Interface’s first outside capital;...
Cryptocurrencies have rapidly gained prominence...
Check out the companies making...
Gregg Greenberg spent 14 years as a journalist at TheStreet.com where he wrote the highly popular column "The 5 Dumbest Things on Wall Street This Week". His work has appeared in magazines ranging from Glamour to ESPN the Magazine, and on humor sites such as Points in Case.
Morgan Stanley granted special bonuses worth $20 million each to incoming Chief Executive Ted Pick and his two deputies, Andy Saperstein and Dan Simkowitz. The share-based awards, announced in a filing Friday, follow the firm’s announcement this week that Pick will succeed outgoing CEO James Gorman. In a rare move...
Aaron P | Bauer-Griffin | GC Images | Getty ImagesHSBC's profit after tax came in at $6.26 billion in the three months ended September, jumping 235% compared to the $2.66 billion in the same period last year.Europe largest bank by assets also saw profit before tax for the quarter rise...
A McDonald's restaurant is seen in Belmont, California, on April 3, 2023.Tayfun Coskun | Anadolu Agency | Getty ImagesMcDonald's is expected to report its third-quarter earnings before the bell Monday.Here's what Wall Street analysts surveyed by LSEG, formerly known as Refinitiv, are expecting:Earnings per share: $3, expectedRevenue: $6.58 billion,...
Members of the United Auto Workers union picket outside the Michigan Assembly Plant in Wayne, Michigan, on Sept. 26, 2023.Matthew Hatcher | AFP | Getty ImagesDETROIT – Local United Auto Workers union leaders approved a tentative agreement Sunday with Ford Motor that includes $8.1 billion in new investment by...
Welcome back to The Interchange, where we take a look at the hottest fintech news of the previous week. If you want to receive The Interchange directly in your inbox every Sunday, head here to sign up! Last week, we chronicled one CEO’s big PR flub, one firm’s new infusion of...
A sign advertises COVID-19 (coronavirus) vaccine shots at a Walgreens Pharmacy in Somerville, Massachusetts, August 14, 2023.Brian Snyder | ReutersSome pharmacy staff from Walgreens and other drugstore chains are planning to walk out next week in the latest pushback against what they call unsafe working conditions that put both...
United Auto Workers (UAW) members strike at a General Motors assembly plant that builds the U.S. automaker's full-size sport utility vehicles, in another expansion of the strike in Arlington, Texas, October 24, 2023.James Breeden | ReutersDETROIT — Negotiators with the United Auto Workers union and Stellantis have in principal agreed...
