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Monthly Archives: February 2018

LendingTree shares drop the most in 2 years after profit misses expectations

Chris Goodney | Bloomberg | Getty Images Doug Lebda, chief executive officer of LendingTree Inc. Shares of LendingTree plunged close to 8 percent after the online lending exchange reported quarterly earnings that came in 6 cents shy of Wall Street expectations. Lending Tree reported fourth-quarter adjusted earnings per share of …

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Kylie Jenner just wiped $1.7B off Snap’s market cap, and the worst isn’t over for the stock

Shares of Snap are on track for their worst week since November 2017, plunging as much as 8 percent on Thursday after reality TV star Kylie Jenner tweeted that she no longer uses the Snapchat app following its redesign. tweet Jenner’s tweet comes on the heels of a downgrade from …

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Sen. Bob Menendez’s doctor-friend gets 17 years for Medicare fraud

Mark Elias | Bloomberg | Getty Images In this 2013 file photo, Dr. Salomon Melgen examines a patient’s eyes at his office in Port St. Lucie, Florida. A federal judge on Thursday sentenced a Florida eye doctor linked to Sen. Bob Menendez to 17 years in prison for stealing $73 …

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Amazon and Netflix just hit all-time highs. Here’s which one is a better buy

These stocks are on fire. Shares of tech behemoths Amazon and Netflix are surging this year. The stocks, up a respective 27 percent and 45 percent in 2018, both just hit all-time highs, and some market watchers see one as the clear pick. While both stocks are solid growth names, …

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Reverend Billy Graham to lie in honor at US Capitol

Gjon Mili | The LIFE Picture Collection | Getty Images Evangelist Billy Graham preaching at Madison Square Garden, NYC. U.S. House Speaker Paul Ryan says the Rev. Billy Graham’s body will lie in honor in the U.S. Capitol Rotunda for two days next week. Ryan says he’s inviting members of …

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Mike Pence at CPAC criticizes Pelosi, Democrats ahead of 2018 midterms

Jim Watson | AFP | Getty Images Vice President Mike Pence speaks during the 2018 Conservative Political Action Conference at National Harbor in Oxen Hill, Maryland on February 22, 2018. Vice President Mike Pence warned conservatives Thursday that a “motivated” Democratic Party sees a chance to win congressional majorities in …

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Global smartphone sales fall in the fourth quarter

Getty Images A customer purchases the new iPhone X at an Apple store on November 3, 2017 in Palo Alto, California. Global smartphone sales fell by 5.6 percent in the fourth quarter of 2017 — the industry’s first decline since 2004, according to a study from research firm Gartner. Chinese …

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January: leading indicators index

Kamil Krzaczynski | Reuters A shopper makes a purchase at the J.C. Penney department store in North Riverside, Illinois. A key index tracking 10 economic metrics rose for the third straight month in January. The composite indicator increased 1 percent in January from the prior month, besting expectations of 0.7 …

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Bitcoin drops below $10,000 again, hitting lowest in a week

Bitcoin is struggling to stay above $10,000. The cryptocurrency fell below the psychologically key level Thursday, failing the latest attempt to recover from a sharp sell-off in the last several weeks. Bitcoin dropped about 5 percent to a low of $9,878.72, its lowest level in a week, according to CoinDesk’s …

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How to help the 16 percent of workers without unemployment insurance

Dorothea Lange | Fotosearch | Getty Images A unemployed man stands against a vacant store with ‘To Let’ and ‘To Lease’ posters in the window, in a photograph by Dorothea Lange, on ‘Skid Row’, Howard Street, San Francisco, February 1937. Many of the proposals try to make the current system …

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