Author: Press Room

Topline Twitter will allow users to trade stocks and cryptocurrencies as part of a new deal with social investing company eToro, CNBC reported Thursday, the latest step towards achieving owner Elon Musk’s expansive vision of transforming the platform into a multifaceted “everything app” in the vein of the Chinese behemoth WeChat. Key Facts Twitter will allow its users to view market charts and buy and sell stocks, cryptocurrencies and other assets from eToro via its mobile app, the social trading platform told CNBC. The partnership will significantly expand the kinds of real-time trading data available to Twitter users, who already…

Abbott (NYSE: ABT) will report its Q1 2023 results on Wednesday, April 19. We expect the company to post revenue and earnings in line with the street expectations. Abbott will see a decline in sales given the forex headwinds and lower Covid-19-related testing demand. Although we expect Abbott to post an in-line Q1, our forecast indicates that ABT stock has some room for growth, as discussed below. Our interactive dashboard analysis of Abbott Earnings Preview has additional details. (1) Revenues are expected to be lower compared to the prior-year quarter Trefis estimates Abbott’s Q1 2023 revenues to be around $9.6…

I’m 38 years old with enough invested for traditional retirement. Here’s how positive peer pressure helped me, and can help you, accelerate your retirement savings. Six years ago, I found myself in $300,000 of debt — including two mortgages — and barely any retirement savings. I’m ashamed to admit the main influencer of my saving and spending habits was to keep up with what I perceived as successful in my social circles. In my twenties, I wanted to be as fashionable as my friends and co-workers. In my thirties, I wanted to have as big a house as my family…

Progressive mayors in Boston and Los Angeles have been joined by Chicago’s Brandon Johnson, all hoping not only to change criminal justice but also spend more on affordable housing, child care, education, and other progressive polices. But these progressives (along with a significant number of centrist mayors) will face serious budget and political challenges that may forestall their ambitions. Chicago’s progressive mayor-elect, Brandon Johnson, won a runoff against Paul Vallas by 2%. Vallas ran on tougher crime policies and against the city’s teachers’ union. In sharp contrast, Johnson was a teachers’ union organizer who in 2020 had supported a resolution…

Bloomberg LP has developed an AI model using the same underlying technology as OpenAI’s GPT, and plans to integrate it into features delivered through its terminal software, a company official said in an interview with CNBC.Bloomberg says that Bloomberg GPT, an internal AI model, can more accurately answer questions like “CEO of Citigroup Inc?”, assess whether headlines are bearish or bullish for investors, and even write headlines based on short blurbs.Large language models trained on terabytes of text data are the hottest corner of the tech industry. Giants such as Microsoft and Google are racing to integrate the technology into…

Delta Air Lines posted a wider loss than it previously estimated for the first three months of the year but forecast revenue growth and profits for the second quarter that were ahead of analysts’ estimates, signaling strong travel demand despite weakness in other sectors.The Atlanta-based carrier said it expects sales in the current quarter to increase by 15% to 17% over last year, with adjusted operating margins of as much as 16% and adjusted earnings per share of between $2 to $2.25. Analysts polled by Refinitiv had anticipated second-quarter revenue growth of 14.7% and earnings per share of $1.66. The…

A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. You can listen to an audio version of the newsletter by clicking the same link. After more than a year of soaring prices monopolizing the attention of Wall Street, Main Street, economists, and journalists, the tide may be turning.  According to some experts, inflation rates have reached an inflection point and painful interest rate hikes could soon ease.  The US Consumer Price Index, a widely used measure of inflation, has shown a significant deceleration since it shot up…

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The Dogecoin price has risen by 6% in the past 24 hours, following a tweet from Elon Musk that promised to pay “a million Dogecoin” for proof that he and/or his family once owned an emerald mine in South Africa.At $0.087026, DOGE is down by 6.5% in a week but up by 19% in the last 30 days, as well as by 23.5% since the beginning of the year.The meme token’s latest Musk-inspired rally follows similar surges in the year to date, with the Dogecoin community continuing to hold out hope that the Twitter owner will follow through on earlier…

The news: Visa is piloting a new service that lets users transfer money to people who don’t use the same peer-to-peer (P2P) payment service, per a press release. Dubbed Visa+, this interoperable offering will connect Venmo and PayPal in the US later this year before integrating across more payment platforms. While PayPal does own Venmo, it’s currently impossible to transfer money in real time between the two apps.How it works: Visa+ users won’t need a Visa card. Instead, they’ll set up a personalized payment address linked to either their Venmo or PayPal account that will let them send and receive…