Stocks making the biggest moves premarket: Twitter, SeaWorld, Shopify and more

In this article W SHOP-CA KTB SEAS TWTR SAVE Check out the companies making headlines before the bell: Twitter (TWTR) – Twitter rose 1.5% in premarket action after Elon Musk detailed $7.2 billion in financing commitments for his deal to buy the company. An SEC filing shows Oracle co-founder Larry Ellison and investor Ron Baron…

This 35-year-old turned her eBay side hustle into a $141 million company: ‘Here’s the business plan I used’

In 2014, I walked away from my $35,000-per-year job in insurance sales to grow my e-commerce side hustle with my husband Chris. We had been experimenting with selling clothes and accessories on online marketplaces, including eBay and Facebook. Our online community of friends and customers quickly grew from a few hundred members to over 10,000…

Op-ed: Cryptocurrency should be allowed in individual retirement plans. That’s why I’m introducing the Financial Freedom Act

Sen. Tommy Tuberville, R-Ala., is seen in the U.S. Capitol during a Senate vote on Feb. 10, 2022. Tom Williams | Cq-roll Call, Inc. | Getty Images The federal government has no business interfering with the ability of American workers to invest their 401(k) plan savings as they see fit. Sadly, that’s not the Biden…

EBay and Etsy drop on weak guidance as e-commerce crunch continues

In this article ETSY AMZN An employee walks past a quilt displaying Etsy Inc. signage at the company’s headquarters in the Brooklyn. Victor J. Blue/Bloomberg via Getty Images Etsy and eBay reported better-than-expected first-quarter results after the bell on Wednesday, but the companies gave weak guidance for the current quarter that suggests the e-commerce sector…

From Estee Lauder to Apple, big companies say China’s Covid restrictions are hitting business

In this article SBUX AAPL 9987-HK EL DD Factories in China affected by Covid lockdowns can conditionally resume work, by housing workers on-site. Pictured here is an auto parts manufacturer in Suzhou that has had 478 employees on site since April 16. CFOTO | Future Publishing | Getty Images BEIJING — Several international corporations warned…

More wealthy investors would rather hold or add stocks than sell if markets keep sliding, survey says

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., May 3, 2022.  Brendan Mcdermid | Reuters Wealthy investors are more likely to add to their stock holdings or shift out of certain sectors rather than sell if stocks continue to decline, according to a new survey. More…

Eight attorneys general call on Biden to cancel federal student debt for every borrower

New York State Attorney General Letitia James speaks during a “Defend Democracy” rally, taking place on the first anniversary of the January 6, 2021 attack on the U.S. Capitol, in Brooklyn, New York, U.S., January 6, 2022. Brendan McDermid | Reuters Eight attorneys general, including those of New York, Illinois and Washington state, wrote a…

New York City pension funds sue Activision over financial records.

Five New York City employee pension groups that own stock in Activision Blizzard, the embattled video game maker, are suing Activision, saying that the company failed to turn over financial records as the groups try to investigate whether Activision secured a fair price in its planned sale to Microsoft. The lawsuit, filed in Delaware state…

FAA to increase Florida air traffic controllers, work with airlines to avoid more flight disruptions in state

American Airline planes sit on the tarmac at Miami International Airport (MIA) in Miami, Florida, on February 2, 2022. Daniel Slim | AFP | Getty Images The Federal Aviation Administration said Wednesday that it will “immediately” increase staffing at a major air traffic control center in Florida to handle airlines’ surging numbers of flights to…

Uber reports surging revenue as drivers return, but posts massive loss on investments

In this article UBER Uber CEO Dara Khosrowshahi speaks at a product launch event in San Francisco, California on September 26, 2019. Philip Pacheco | AFP via Getty Images Uber reported first-quarter earnings before the bell on Wednesday. Here are the key numbers: Loss per share: $3.04 (GAAP), not comparable to analyst estimates Revenue: $6.85 billion vs….