IRS targets wealthy ‘non-filers’ with new wave of compliance letters – CNBC
IRS Commissioner Daniel Warfel speaks at an IRS event in McLean, Virginia, on August 2, 2023. Alex Wong | Getty Images The IRS has announced plans to target new letters to “non-filers,” starting with high-income taxpayers who have not filed a federal return since 2017. The agency will send letters to wealthy non-filers starting this […]
Stocks making the biggest moves midday: CC, SNOW, HRL, AI – CNBC
Check out the companies that are trending in intraday trading. Hormel Foods — Shares soared 13.3% after the food processing company beat fiscal first-quarter earnings and revenue estimates. Earnings per share excluding items were 41 cents on revenue of $3 billion. Analysts polled by FactSet had expected sales of $2.91 billion and earnings of 34 […]
Jim Cramer's Thursday rapid fire: Snowflake, Best Buy, Paramount, Okta and Celsius – CNBC
Jim Cramer provides daily rapid-fire analysis of stocks featured in non-portfolio news on CNBC Investing Club. Snowflake: Weak guidance and CEO Frank Slotman’s retirement announcement sent the stock down nearly 20%. Jim Cramer said Thursday that he is a big fan of Mr. Slottman and that the CEO’s planned departure is a blow to the […]
Stocks making the biggest moves premarket: SNOW, CRM, AI, OKTA – CNBC
Check out the companies making headlines before the bell. Snowflake — This cloud data company sank after releasing disappointing product revenue guidance in the first quarter and announcing that CEO Frank Slootman would be stepping down. Snowflake said it expects product sales for the current period to be in the range of $745 million to […]
Stock futures fall as Wall Street awaits the Fed's preferred inflation gauge: Live updates – CNBC
17 minutes ago The Dow heads for a four-month winning streak for the first time in three years The major averages are heading for another strong month, with the Nasdaq up 5.1% and the S&P 500 on pace to gain 4.6%. What is even more noteworthy is the Dow Jones Industrial Average’s winning streak. If […]
Stocks making the biggest moves after hours: CRM, SNOW, OKTA, DUOL – CNBC
Check out the companies making headlines after the bell. Salesforce — Salesforce fell 4% after reporting weaker-than-expected fiscal year guidance. In the fourth quarter, the software company beat Wall Street’s fourth-quarter estimates in revenue and bottom line. The software giant increased its share buybacks by $10 billion and began paying a dividend of 40 cents […]
Bitcoin ETFs see record high trading volumes as retail investors jump on crypto rally – CNBC
Retail traders appear to be using a new tool in this massive rally in Bitcoin: exchange-traded funds. These funds, launched last month, have seen a surge in trading volume this week as Bitcoin continues to rally. For example, iShares Bitcoin Trust (IBIT) had already seen more than 61 million shares change hands by early Wednesday […]
Watch out: These stocks are too expensive as the market trades near record highs – CNBC
With stock prices near all-time highs, it may be time to take profits. US stocks get off to a strong start in his 2024. The S&P 500 is up more than 6% this year and topped his 5,100 mark for the first time last week. Meanwhile, the Dow Jones Industrial Average also closed at an […]
Asia-Pacific markets mostly lower as New Zealand central bank holds rate; Hong Kong budget awaited – CNBC
Friday, February 16, 2024, at the Tokyo Stock Exchange (TSE), operated by Japan Exchange Group, Inc. (JPX), Tokyo, Japan. Kosuke Okahara/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty Images Asia-Pacific stock markets were mostly lower on Wednesday as New Zealand’s central bank kept interest rates unchanged while investors awaited key US inflation indicators and […]
Asia-Pacific markets edge lower; New Zealand central bank holds official rate – CNBC
29 minutes ago Reserve Bank of New Zealand keeps interest rates at 15-year high Wednesday, February 22, 2023 at the Reserve Bank of New Zealand (RBNZ) Building in Wellington, New Zealand. Mark Coote/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty Images The Reserve Bank of New Zealand left its key lending rate unchanged on […]