Mastercard reported its second-quarter revenue rose 11% year-over-year to $6.96 billion, beating analysts' estimates. Payment network revenue climbed 7%, driven by a 9% increase in gross dollar volume. CEO Michael Miebach said the company benefitted from "continued healthy consumer spending." Mastercard (MA) shares gained 3% in intraday trading Wednesday after...

Mastercard's Revenue Tops Estimates, Boosted by 'Healthy Consumer Spending'

SEOUL, South Korea -- Samsung Electronics Co. reported a 15-fold increase in operating profit for the second quarter this year, largely thanks to a strong demand for memory chips amid the expansion of artificial intelligence technologies. The South Korean semiconductor and smartphone giant said Wednesday in a statement that its...

Samsung posts a 15-fold increase in operating profits in last quarter

Meta's Reality Labs unit, which houses its metaverse technologies, recorded an operating loss of $4.48 billion in the second quarter. Since late 2020, the Reality Labs unit has generated cumulative losses of about $50 billion. Revenue in Reality Labs, largely derived from the company's Quest family of VR headsets and...

Meta’s Reality Labs posts $4.5 billion loss in second quarter

The S&P 500 jumped 1.6% on Wednesday, July 31, 2024, as the Fed announced its widely expected interest rate hold and tech stocks surged. Shares of Vistra Corp. soared as the nuclear power generator announced a license extension for one of its plants and power market prices moved higher. Humana...

S&P 500 Gains and Losses Today: Vistra Surges on License Extension, Power Prices

Reuters

(Reuters) -Meta Platforms beat market expectations for second-quarter revenue on Wednesday and issued a rosy sales forecast for the third quarter, signaling that robust digital-ad spending on its social media platforms can cover the cost of its artificial-intelligence investments.

Facebook parent Meta sees strong global ad sales while keeping AI costs in check

The average American believes they'll need to save $1.8 million for their post-work years, according to Charles Schwab's "2024 401(k) Participant Study." However, most Americans in their 50s have much less than that stashed away for retirement. The average 401(k) account balance for people in their 50s is $212,400, as...

Here’s how much money Americans in their 50s have in their 401(k)s

Washington, DC

Deryl McKissack is no stranger to spotting toxic traits. McKissack, 63, is the founder and CEO of Washington D.C.-based construction firm McKissack & McKissack, which she launched with $1,000 from her savings in 1990. She churned through employees who weren't the right fit in her company's early years and the business struggled, she says.

63-year-old CEO shares the top 3 red flags she sees in employees: ‘No one wants to be in their presence'

While the best state to retire in the U.S. is also one of the smallest in the country, the worst state to retire is the largest. Alaska ranks as the worst state in the U.S. to retire for the third year in a row, according to Bankrate’s study of the best states to retire in 2024.

The 10 worst states to retire in the U.S.—No. 1 isn’t California or New York

Chicago, IL

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Foodie in Chicago

Shortly before 3 AM, people in the Chicago area may have felt their houses shake as a 3.4-magnitude earthquake occurred about 60 miles west of the city. (CHICAGO) The United States Geological Survey (USGS) reported a 3.4-magnitude earthquake around Somonauk, IL. Somonauk is in DeKalb and LaSalle Counties, 64 miles west of Chicago.

Did You Feel the Earthquake?

24/7 Wall St.

Wouldn’t it be great to invest $10,000 today and have that turn into $15,000 within a year? Returns like that aren’t necessarily commonplace in the stock market, but they’re not impossible to find either. One way to tap into significant gains is to invest in promising companies early in their development. Does that mean penny […]
The post 5 Penny Stocks With 50% Upside According to Wall Street appeared first on 24/7 Wall St..

5 Penny Stocks With 50% Upside According to Wall Street

On July 24, the planemaker finalized an agreement to plead guilty to a criminal fraud conspiracy charge and pay up to $487 million after breaching a 2021 deferred prosecution agreement. Paul Cassell, a lawyer for some of the families, said in a court filing the fine "is inadequate -- or,...

Boeing 737 Max crash families say planemaker should face much higher fine

CNBC Markets Now provides a look at the day's market moves with commentary and analysis.

Post Market Wrap: July 31, 2024

Colorado State

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David Heitz

A bill quietly introduced this spring in the Colorado legislature to decriminalize the possession of drug paraphernalia obtained by harm reductionists has become law. As low-key as the legislation was introduced, the bill was signed into law without fanfare June 6. It garnered little to no media attention.

Colorado legalizes needles, pipes for meth and crack if obtained by harm reduction group

Mark Mahaney, Evercore ISI head of internet research, and Angelo Zino, CFRA senior analyst, join 'Closing Bell Overtime' to talk Meta Q2 earnings.

Meta shares jump on Q2 beat, raises 2024 capex outlook

North Carolina State

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Charlotte, NC

Town Talks

When it comes to grocery shopping, consumers often debate the prices at different stores. In North Carolina, two chains are particularly known for their higher prices:. Locations: 16 across North Carolina, predominantly in larger cities like Charlotte and Raleigh.

North Carolina Is Home To Two Of The Most Expensive Grocery Stores in America

Death Disclosure Laws and Property Disclosures in North Carolina. In North Carolina, there is no legal obligation for homeowners or real estate agents to disclose if a death has occurred in a home, whether by natural causes, murder, or suicide. However, if a potential buyer directly inquires about any deaths on the property, the seller is required to provide that information.

If someone dies at your house do you have to tell a potential buyer? What North Carolina law says

Austin, TX

In a proposed class action filed on Tuesday night in the Austin, Texas federal court, shareholders said they learned that CrowdStrike's assurances about its technology were materially false and misleading when a flawed software update disrupted airlines, banks, hospitals and emergency lines around the world. They said CrowdStrike's share price...

CrowdStrike is sued by shareholders over huge software outage

Illinois State

Every year, new laws that were passed the prior year go into effect on July 1. In 2024, a number of new laws will begin this Monday. Among them include higher wages for tipped employees, a gas tax increase, and driver's licenses for undocumented immigrants.

New Laws July 1: Driver's Licenses for Undocumented Migrants, Raises for Tipped Workers, and More

Downers Grove, IL

Chicago Food King

It was that time of year again for me to find a new restaurant to take my wife out for her birthday. We had initially planned to go downtown but decided we did not feel like dealing with traffic or the hassle of parking, so it was up to me to find something in the suburbs that would be unique and, of course, delicious.

Carnivore and the Queen Restaurant  in Downers Grove - is it worth the price - My Honest Review

Accused 9/11 mastermind Khalid Sheikh Mohammad and two other men charged with plotting the Sept. 11, 2001, terror attacks have agreed to plead guilty in the military commissions process, the Pentagon said. The terms of the plea deals for the three men were not released, but they are expected to...

9/11 mastermind Khalid Sheikh Mohammad, 2 others charged in terror plot reach plea deals

NewsBreak

Arm issues light earnings guidance as the company stops disclosing number of chips reported as shipped

Arm results exceeded expectations, but earnings guidance did not. The chip-design company has stopped reporting the number of chips reported as shipped each quarter. Here's how...

Arm issues light earnings guidance as the company stops disclosing number of chips reported as shipped

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