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Federal Reserve Losses Surpass $100B, Predicted To Rise Further
Friday, September 15, 2023 - 11:54pm | 528Read More...The Federal Reserve has recorded over $100 billion in losses, according to data released by the central bank. These losses are projected to increase significantly. What Happened: The U.S. Federal Reserve is paying out more in interest costs than its earnings from bond interests and financial sector...
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Musk Suffers Biggest Loss Of Wealth In History: How Much His Fortune Fell Amid Tesla Stock Crash
Sunday, January 1, 2023 - 2:25pm | 433Read More...Once the richest person in the world, Tesla Inc (NASDAQ: TSLA) and Twitter CEO Elon Musk has become the only person in human history to lose $200 billion in net worth. His net worth peaked at $340 billion in November 2021. However, Musk saw his wealth drop to $...
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These 3 Tech Billionaires Have Lost Nearly Half A Trillion Dollars This Year
Sunday, October 30, 2022 - 10:36am | 592Read More...As gloomy earnings reports left tech stocks reeling last week, the fortune of company founders saw the shedding of billions. A group of tech billionaires have collectively lost nearly half a trillion dollars this year in the midst of high inflation and rising interest rates. ...
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Amazon-Backed EV Maker Rivian Discloses $1 Billion Loss, Amazon Deal In IPO Filing
Saturday, October 2, 2021 - 11:44am | 331Read More...Rivian Automotive Inc, the electric pickup truck manufacturer backed by Amazon.com, Inc. (NASDAQ: AMZN) and Ford Motor Company (NYSE: F), reported a net loss of almost $1 billion in the first half of the year. In its filing with the U.S. Securities Exchange Commission (SEC), the company said...
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Cansortium Expands In Florida As Third Quarter Revenue Spikes 94% YoY
Monday, November 23, 2020 - 2:02pm | 319Read More...Cannabis company Cansortium Inc. (CSE: TIUM.U) (OTCQB: CNTMF) reported Monday that it has generated $14.3 million in revenue in the third quarter of this fiscal year. That’s a year-over-year increase of 94%. Moreover, consolidated revenue for the nine months ended Sept. 30 amounted to $...
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Christopher & Banks Posts In-Line Q3 Loss
Tuesday, December 8, 2015 - 8:38am | 229Read More...Christopher & Banks Corporation (NYSE: CBK) reported in-line loss for the third quarter on Tuesday. The Plymouth, Minnesota-based company posted quarterly net loss of $0.3 million, or $0.01 per share, versus a year-ago profit of $9.0 million, or $0.24 per share. Its net sales slipped to $103.6...
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H & R Block Posts Wider Q2 Loss, Shares Down
Tuesday, December 8, 2015 - 3:24am | 193Read More...Shares of H & R Block Inc (NYSE: HRB) dropped over 3.5 percent in after-hours trading Monday after the company reported wider-than-expected loss for its fiscal second quarter. The Kansas City, Missouri-based company reported a quarterly loss of $145 million, or $0.55 per share, versus a year-...
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Vail Resorts Posts Narrower Q1 Loss
Monday, December 7, 2015 - 8:45am | 282Read More...Vail Resorts, Inc. (NYSE: MTN) reported a narrower loss for its fiscal first quarter on Monday. The Broomfield, Colorado-based company reported a quarterly loss of $59.6 million, or $1.63 per share, versus a year-ago loss of $64.3 million, or $1.77 per share. Its revenue climbed 36.1 percent...
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Box Posts In-Line Q3 Loss, Raises Revenue Outlook
Thursday, December 3, 2015 - 2:09am | 221Read More...Box Inc (NYSE: BOX) reported in-line loss for the third quarter on Thursday. The Los Altos, California-based company reported a quarterly loss of $55.1 million, or $0.45 per share, versus a year-ago loss of $51.2 million, or $3.40 per share. Excluding certain items, the company lost $0.31 per...
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Ascena Retail Q1 Profit Beats Expectations, Shares Surge
Wednesday, December 2, 2015 - 2:47am | 228Read More...Shares of Ascena Retail Group Inc (NASDAQ: ASNA) surged over 9 percent in after-hours trading Tuesday after the company reported better-than-expected earnings for its fiscal first quarter. The Mahwah, New Jersey-based company posted a quarterly loss of $18.1 million, or $0.10 per share, compared...
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Infoblox Beats Q1 Views, Shares Surge
Tuesday, December 1, 2015 - 2:57am | 243Read More...Shares of Infoblox Inc (NYSE: BLOX) surged over 17 percent in after-hours trading Monday after the company reported better-than-expected results for its fiscal first quarter and issued a strong outlook. The Santa Clara, California-based company reported a quarterly net loss of $1.5 million, or $0....
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Palo Alto Networks Beats Q1 Views, Shares Gain
Tuesday, November 24, 2015 - 3:02am | 235Read More...Shares of Palo Alto Networks Inc (NYSE: PANW) surged over 3 percent in after-hours trading after the company reported better-than-expected results for its fiscal first quarter. The Santa Clara, California-based company reported a quarterly loss of $38.7 million, or $0.45 per share, versus a year-...
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Intuit Beats Q1 Expectations, Shares Rise
Friday, November 20, 2015 - 4:05am | 206Read More...Shares of Intuit Inc. (NASDAQ: INTU) jumped over 8 percent in after-hours trading on Thursday after the company reported better-than-expected results for its fiscal first quarter and raised its FY16 earnings outlook. The Mountain View, California-based company posted a quarterly loss of $31...
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Salesforce Q3 Profit Tops Estimates, Shares Rise
Wednesday, November 18, 2015 - 5:33pm | 271Read More...Shares of salesforce.com, inc. (NYSE: CRM) surged over 3 percent in after-hours trading after the company reported stronger-than-expected earnings for the third quarter on Wednesday. The San Francisco, California-based company reported a quarterly loss of $25.2 million, or $0.04 per share, versus...
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Nuance Communications Q4 Profit Tops Expectations, Shares Surge
Tuesday, November 17, 2015 - 3:46am | 203Read More...Shares of Nuance Communications Inc. (NASDAQ: NUAN) jumped over 9 percent in after-hours trading after the company reported stronger-than-expected earnings for its fiscal fourth quarter on Monday. The Burlington, Massachusetts-based company reported a quarterly loss of $11 million, or $0.04 per...
