Salesforce has witnessed a 4% surge in its shares during extended trading after exceeding estimates in its fiscal second-quarter results. The company reported earnings per share of $2.56, adjusted compared to the expected $2.36, and revenue of $9.33 billion as opposed to the estimated $9.23 billion. This strong performance has led to a positive outlook
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The U.S. Department of Education recently announced new details about the rollout of the Free Application for Federal Student Aid (FAFSA) for the upcoming academic year. The department plans to conduct beta tests of the 2025-26 FAFSA, starting on October 1, before making it available to all students and contributors by December 1. This phased
The toy industry experienced a notable sales decline due to inflation in the first half of 2024. However, amid this challenging environment, Lego managed to buck the trend by reporting a substantial revenue increase. The Danish toymaker’s revenue skyrocketed by 13% in the first six months of the year, reaching an impressive 31 billion Danish
The Hong Kong-listed shares of Chinese online retailer JD.com saw a significant increase of 1.2% following the announcement of a $5 billion buyback. This positive news outperformed the decline on the Hang Seng index and contributed to a 2.24% rise in U.S. listed shares. However, despite this recent boost, both JD.com’s Hong Kong and U.S.
Tax-gain harvesting is a lesser-known strategy that can be incredibly beneficial for investors looking to rebalance their portfolios while saving on future taxes. This tactic involves strategically selling profitable assets in your brokerage account during lower-income years, such as early retirement or periods of unemployment. One of the main benefits of tax-gain harvesting is the
Amazon is facing a significant challenge in increasing revenue from its retail business. With short-attention-span consumers demanding bigger and better bargains, the bar is set high for the e-commerce giant. According to research firm MoffettNathanson, Amazon’s retail business needs to step up and fill the shoes left by Amazon Web Services (AWS) in terms of
The world has seen a staggering 95% increase in the population of crypto millionaires over the past year, with individuals holding more than $1 million in crypto assets soaring to 172,300 from 88,200. The number of pure bitcoin millionaires has more than doubled, reaching 85,400. This significant growth has also led to the emergence of
Fans of the Dallas Mavericks and New Orleans Pelicans are gearing up for the upcoming National Basketball Association season with anticipation of changes in how they consume local games. According to a recent bankruptcy court filing, both teams are parting ways with their regional sports networks owned by Diamond Sports. This shift is happening just
As the cost of attendance at colleges continues to soar, some institutions are approaching a figure close to six figures per year. The expenses, which include tuition, fees, room and board, books, transportation, and other miscellaneous costs, are becoming more and more burdensome for students and families. According to data provided to CNBC from The
Wall Street saw back-to-back weekly gains as it headed into an important week, featuring Nvidia earnings and updates on the Federal Reserve’s inflation gauge. The S & P 500 and Nasdaq rebounded after Thursday’s losses, closing the week with nearly a 1.5% increase, driven by optimism following Fed Chairman Jerome Powell’s speech at Jackson Hole.