News
The consumer continues to spend, but Americans remain uncertain about what lies ahead. That has been the general mantra over the last several quarters when assessing Retail Sales report trends and surveys such as the monthly University of Michigan report and the Conference Board’s Consumer Confidence survey. Amid this mixed…
Amazon is unveiling its first buy now, pay later checkout option for the millions of small business owners who use its online store, CNBC learned exclusively.The tech giant confirmed Thursday that its partnership with Affirm is expanding to include Amazon Business, the e-commerce platform that caters to companies.Affirm shares jumped…
In 2009, after I got laid off from my job during the Great Recession, I started a music blog as a side hustle. I knew nothing about business.Today, I’ve built two seven-figure online businesses — a music education company and a business coaching brand. Combined, they bring in about $160,000…
After years of being bearish on Realty Income Corporation (NYSE:O), I feel inclined to step in to defend it after the clobbering it received upon announcing its planned acquisition of Spirit Realty Capital, Inc. (NYSE:SRC). If you were an SRC investor, it was a good day, up about 8%. If…
Check out the companies making headlines before the bell. Starbucks — Shares of the coffee giant jumped 5.6% after Starbucks’ quarterly earnings and revenue exceeded analysts’ expectations. The company’s same-store sales also rose by 8%, driven by higher average checks and a 3% increase in customer traffic to Starbucks cafes.…
Shares of Palantir popped 14% in premarket trading Thursday, after the company released third-quarter earnings that beat analysts’ expectations and raised full-year revenue guidance.Here’s how the company did:Earnings per share: 7 cents, adjusted, vs. 6 cents expected by LSEG, formerly known as RefinitivRevenue: $558 million vs. $556.1 million expected by…
Co-produced by David Ksir. In an effort to fight inflation, the Federal Reserve has raised interest rates significantly over the past year and a half, and this has caused real estate investment trusts aka REITs (VNQ) to drop by nearly 40%: Data by YCharts But during this same time, most…
Washington, D.C., Attorney General Brian Schwalb’s office said Tuesday that it’s suing RealPage, a property management software company, and 14 of the district’s largest landlords for allegedly colluding to raise rents.The complaint names several publicly traded real estate investment trusts, such as UDR, AvalonBay Communities and Equity Residential.The companies shared…
Consumers spent nearly $400 billion on electric cars worldwide in 2022, and the U.S. is expected to add 1 million new EVs to its roads this year. From 2023 to 2027, automotive companies have committed $616 billion in total investments in EVs, according to consulting firm AlixPartners.And yet, electric vehicles…
Investment Thesis Confluent (NASDAQ:CFLT) negatively surprised investors by reducing its revenue guidance. That’s the superficial take. The more detailed insight notes two considerations. Firstly, this implies that Q4 is going to be growing at around 25% CAGR, which is a large drop from the 32% y/y CAGR just reported. Secondly,…