Home / 2022 / December (page 49)

Monthly Archives: December 2022

DOJ undermines Google in Supreme Court case over social media content

People walk past a billboard advertisement for YouTube on September 27, 2019 in Berlin, Germany. Sean Gallup | Getty Images The Department of Justice warned the Supreme Court against an overly-broad interpretation of a law shielding social media companies from liability for what users post on their platforms, a position …

Read More »

credit card debt, ruined retirement plans

Teresa Harding Source: Teresa Harding It took three months for Teresa Harding to open her termination letter. “I couldn’t look at it,” Harding, 47, said. For seven years, she’d worked at a pain management center in Lexington, Kentucky. “I enjoyed my co-workers and our patients. “It was a fun, exciting …

Read More »

Blackstone chief defends real estate fund amid rush for withdrawals

Investors nervous about Blackstone’s real estate investment trust should view it as a long-term vehicle that’s well-positioned for the future, the firm’s president said Thursday. Blackstone has taken heat over the past week for limiting withdrawals from the $69 billion private REIT, the Blackstone Real Estate Income Trust (BREIT). That …

Read More »

FTX spokesman Kevin O’Leary says he lost $15 million crypto payday

Investor, “Shark Tank” judge and CNBC contributor Kevin O’Leary said Thursday he’s lost all of the $15 million FTX paid him to act as a paid spokesman for the now collapsed crypto exchange that some have called fraudulent. O’Leary and other celebrities, such as Tom Brady and Larry David, were …

Read More »

Latinas lose $1.2 million over their careers due to the pay gap

This year, Latina Equal Pay Day falls on Dec. 8, marking the symbolic date to which Latinas have to work — almost two years — to catch up to what their white male co-workers earned in 2021 alone.  The pay disparity is grim.  In 2021, Latinas working full time were …

Read More »

401(k) hardship withdrawals hit all-time high, Vanguard says

Thomas Barwick | Stone | Getty Images The share of retirement savers who withdrew money from a 401(k) plan to cover a financial hardship hit a record high in October, according to data from Vanguard Group. That dynamic — when coupled with other factors like fast-rising credit card balances and …

Read More »

Ciena, GameStop, Rent The Runway and others

Check out the companies making headlines before the bell: Ciena (CIEN) – The networking equipment maker’s stock surged 19.1% after a substantial top and bottom line beat in its latest quarter. Ciena earned an adjusted 61 cents per share for its latest quarter, compared with a consensus estimate of 8 …

Read More »

Amid inflation and market volatility, just 12% of adults feel wealthy

Inflation, geopolitical uncertainty and fears of a recession have undermined financial confidence across the board, according to a new report by Edelman Financial Engines. Less than one-quarter, or 23%, of more than 2,000 adults polled earlier this fall said they felt “very comfortable” about their finances. Fewer — just 12% …

Read More »

Retail investors say stock market will bottom in 2023: Finimize survey

A graph displaying the Apple stock price on a smartphone app. Jaap Arriens | Nurphoto | Getty Images LONDON — Retail investors haven’t been frightened away by the comedown in stocks this year. In 2023, most individual investors plan to invest the same amount or more despite the cost-of-living crisis, …

Read More »

Tech layoffs in Southeast Asia grow as unprofitable startups extend runways

Shopee reportedly conducted three rounds of layoffs this year as its parent Sea Limited struggles towards profitability. Lauryn Ishak | Bloomberg | Getty Images More tech startups in Southeast Asia laid off workers this year, as macro headwinds widened losses and venture capitalists pushed startups to extend their runways. Last …

Read More »