MongoDB stock jumps 27% after cloud database company shows surprise adjusted profit

In this article MDB Follow your favorite stocksCREATE FREE ACCOUNT Dev Ittycheria, CEO of MongoDB Adam Jeffery | CNBC MongoDB shares rose 27% in extended trading on Tuesday after the database software maker surprisingly swung to a profit. Here’s how the company did: Earnings: 23 cents per share, adjusted, vs. a loss of 17 cents…

Stocks making the biggest moves midday: Textron, Charter, Estee Lauder, Signet and more

Beechcraft King Air turboprop aircraft are seen on the assembly line at the Textron Aviation Inc. production facility in Wichita, Kansas, on Thursday, June 7, 2018. Luke Sharett | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Textron – Shares of Textron jumped 5.25% after the company won a U.S….

‘We don’t lay off people’: This is how Bank of America’s CEO plans to reduce employee levels

In this article BAC GS MS Follow your favorite stocksCREATE FREE ACCOUNT Brian Moynihan, chief executive officer of Bank of America Corp., speaks during a Bloomberg Television interview at the Goldman Sachs Financial Services Conference in New York, on Tuesday, Dec. 6, 2022. Michael Nagle | Bloomberg | Getty Images Brian Moynihan is no stranger…

Stocks making the biggest moves after hours: MongoDB, Toll Brothers, Dave & Buster’s and more

In this article TOL SFIX SBNY PLAY MDB Follow your favorite stocksCREATE FREE ACCOUNT Cinder blocks sit in a pile near homes under construction at the Toll Brothers Inc. Jupiter Country Club housing development in Jupiter, Florida. Mark Elias | Bloomberg | Getty Images Check out the companies making headlines in after-hours trading. MongoDB —…

Over $400 billion has been erased from the value of Europe’s tech industry this year

The Klarna logo displayed on a smartphone. Rafael Henrique | SOPA Images | LightRocket via Getty Images Europe’s tech industry has lost more than $400 billion in value this year, according to venture capital firm Atomico. The combined value of all public and private European tech firms has fallen to $2.7 trillion from a peak…

‘You can control your tax-reporting destiny.’ 4 key year-end tax moves

seksan Mongkhonkhamsao | Moment | Getty Images With the holiday season in full swing, it can be easy to forget about the finer points of financial planning. While your tax return isn’t due until April, several key deadlines are approaching by year-end, experts say. “You can control your tax reporting destiny,” said certified financial planner…

Mark Cuban cold-called the Dallas Mavericks’ CEO to get her to take the job

Cynt Marshall had never heard of Mark Cuban when he cold-called her in 2018. Finally returning his messages eventually led to her appointment as CEO of the Dallas Mavericks, Cuban’s NBA team. “He talked to me about the kind of culture transformation and leadership that he wanted for the business side of his basketball team,”…

Jamie Dimon says Ukraine war shows we still need cheap, secure energy from oil and gas

Dimon said in June that he was preparing the bank for an economic “hurricane” caused by the Federal Reserve and Russia’s war in Ukraine. Al Drago | Bloomberg | Getty Images One key lesson of the past year is that the world is not ready to move away from oil and gas as the dominant…

Op-ed: Investors need to wait it out before snatching up software stocks

Luis Alvarez | Digitalvision | Getty Images Every investor looks to buy low and sell high, which sounds simple enough … until you try to actually put it into practice. The problem is that it’s seldom obvious when the highs and lows of a particular cycle will happen. Most of the time, that’s apparent only…

Fed policymakers will see ‘they blew it’ with interest rate hikes, predicts Starwood Capital’s Barry Sternlicht

Barry Sternlicht, founder, chairman and CEO of Starwood Capital Group. CNBC | NBCuniversal | Getty Images In Starwood Capital CEO Barry Sternlicht’s view, the Federal Reserve’s ongoing interest rate hikes are driving the U.S. economy straight into a recession. During a session of CNBC’s Financial Advisor Summit on Tuesday, Sternlicht said he thinks that an…

4 financial moves if you have — or are worried about — long Covid

Milan2099 | E+ | Getty Images Long Covid is a chronic illness with far-reaching impact, both in terms of health and household finance. As many as 23 million Americans have suffered long-haul symptoms of Covid-19, according to the U.S. Department of Health and Human Services. But there are steps individuals and their families can take to blunt…

Despite economic uncertainty, it’s a ‘great moment’ for dollar-cost averaging, says Betterment CEO

Chris Ryan | Getty Images Investors are bracing for 2023 amid stock market volatility, rising interest rates and geopolitical risk — with many carrying recession fears into the new year.   But despite economic uncertainty, financial experts point to timely opportunities, urging investors to put cash into the market, rather than leaving it on the sidelines….