Instagram boss Adam Mosseri took the hot seat Wednesday to defend the social media app from growing bipartisan anger over its potential harm to young users. Facing pressure from lawmakers to detail specific concessions, Mosseri, 38, refused to budge and defended his company, which has faced a series of bombshell reports about Instagram’s toxic impacts … Read more
UiPath Inc. shares fell in the extended session Wednesday even as the “software robots” provider’s quarterly results topped Wall Street expectations. UiPath PATH, +1.55% shares fell nearly 6% after hours, following a 1.6% rise in the regular session to close at $47.71, or 15% below their April IPO price of $56 a share. The company … Read more
More than 200 newspapers are suing Facebook and Google, alleging that the tech titans have unfairly manipulated the advertising market, siphoning away their revenue and crippling their businesses. The lawsuits are being filed on behalf of some 30 different companies that publish over 200 separate smaller newspapers across the country, and include a trove of … Read more
Text size A Solid Power manufacturing engineer holds two 20 ampere hour all solid-state battery cells for BMW and Ford. Courtesy of Solid Power It’s not just QuantumScape anymore. Investors have another newly minted, well-capitalized, solid-state electric-vehicle battery technology company to consider buying. Shareholders of Decarbonization Plus Acquisition Corp III (ticker: DCRC), a special purpose … Read more
S&P 500 sell-offs aren’t much fun to go through, but they do show you one thing: Which stocks other investors are eager to buy on a dip. X Just 10 S&P 500 stocks, including industrials like Delta Air Lines (DAL), consumer discretionary firms like Wynn Resorts (WYNN) and consumer staples like Kroger (KRO), jumped 12% … Read more
The Dow Jones Industrial Average slipped lower Wednesday as the stock market took a pause. The controversial Donald Trump SPAC Digital World Acquisition (DWAC) rocketed for the second day in a row. Apple (AAPL) was the top blue chip as it hit another record high. Stitch Fix (SFIX) was diving on earnings. X The stock … Read more
Jefferies Financial Group on Wednesday canceled all client parties and most travel, asking employees to work from home when possible due to a spate of COVID-19 cases. The firm has had more than 40 new COVID-19 cases this month including 10 on Tuesday, Chief Executive Richard Handler said in a memo seen by Reuters. Handler … Read more
Bill Gates is using these dividend stocks to generate a giant inflation-fighting income stream — you might want to do the same With elite investors like Michael Burry and Jeremy Grantham predicting a reckoning for today’s overheated stock market, it might be time to look at dividend stocks. Dividend stocks are a way to diversify … Read more
Ms. MoneyPeace, I’d like to ask what my spouse and I should be thinking about and doing differently over the next decade before retirement. We are 53 years old and married. Our home is worth $450,000, with just under four years to pay off the mortgage, and we have a $20,000 car loan and zero … Read more
Kellog K, -1.65% says it is permanently replacing about 1,400 of its striking factory workers, ending a labor feud between employees and the cereal brand. “The prolonged work stoppage has left us no choice but to hire permanent replacement employees in positions vacated by striking workers,” the company wrote in a statement on Tuesday night. … Read more