Author: Jeffery Carter

CNBC’s Jim Cramer on Monday described how he thinks froth is disrupting the market. He believes that trendier stocks need to cool off before others can bounce back.”Once these frothy momentum stocks come in enough, then we will finally be in a much more straightforward world, a world where what tends to rally is not the sizzle, but the steak,” Cramer said.After a humbling sell-off on Friday, the indexes struggled to find their footing during Monday’s session. By close, the S&P 500 slid 0.5%, the Nasdaq Composite lost 1.21% and the Dow Jones Industrial Average clinched a 0.08% gain. According…

Valentinrussanov | E+ | Getty ImagesAs the IRS faces cutbacks, some taxpayers are weighing whether to file returns this season.But skipping your federal filing can be costly, experts say.Josh Youngblood, an enrolled agent and owner of The Youngblood Group, a Dallas-based tax firm, said he’s had a few clients ask whether they need to file this year.”I’m concerned we’re going to see more of this” amid IRS layoffs and calls to eliminate the agency, he said.More from Personal Finance:Don’t wait to file your taxes this season, experts say. Here’s whyHere’s how IRS layoffs could impact your tax filing and refund…

By Chris Prentice NEW YORK (Reuters) -The U.S. Securities and Exchange Commission has told unionized employees they will have to return to the office in mid-April, unless they have certain exemptions, according to a memo seen by Reuters. The move follows similar efforts at the agency with its non-union staff, as well as across the federal workforce, in response to a mandate by Republican President Donald Trump that officials terminate remote or hybrid work arrangements. Citing that directive, guidance from the Office of Personnel Management, SEC Chief Operating Officer Ken Johnson said in a memo to all staff they will…

OpenAI is forecasting a major shift in the next five years around who it gets most of its computing power from, The Information reported on Friday. By 2030, OpenAI expects to get three-quarters of its data center capacity from Stargate, a project that’s expected to be heavily financed by SoftBank, one of OpenAI’s newest financial backers. That represents a major shift away from Microsoft, OpenAI’s biggest shareholder, who fulfills most of the startup’s power needs today. The change won’t happen overnight. OpenAI still plans to increase its spending on Microsoft-owned data centers in the next few years. During that time,…

An advertisement for Venu Sports, the sports streaming venture by Disney, Warner Bros. Discovery and Fox, hangs at the Fanatics Fest event in New York City on Aug. 16, 2024.Jessica Golden | CNBCWith Venu done before it even got out of the starting blocks, Fox Corp., Disney and Warner Bros. Discovery have been mapping out how to go it alone in live sports streaming.Last month the media giants called off the launch of Venu — a planned direct-to-consumer streaming offering of the entirety of the three companies’ live sports — in the face of headwinds, including cost sensitivity and legal…

Elon Musk speaks during the first cabinet meeting hosted by U.S. President Donald Trump, at the White House in Washington, DC, U.S., February 26, 2025. Brian Snyder | ReutersThe Trump administration sent out a second round of emails on Friday evening demanding all federal employees summarize their work over the past week after the first effort a week ago fizzled amid a wave of confusing directives.Reuters has confirmed that the emails from the government’s human resources arm, the U.S. Office of Personnel Management, were sent to multiple agencies, asking workers to list five things they accomplished during the week.The move marks…

Check out the companies making headlines in after-hours trading: Hims & Hers Health — The telehealth stock fell more than 17%. Hims & Hers reported a gross margin of 77% for the fourth quarter, while analysts polled by StreetAccount expected 78.4%. This overshadowed the company’s top- and bottom-line beats for the quarter. Zoom Communications — Shares of the video-conferencing company fell about 1% after Zoom Communications delivered a revenue outlook that narrowly missed analysts’ expectations. The company is calling for full-year revenue of $4.79 billion to $4.80 billion, while analysts polled by LSEG looked for $4.81 billion. Cleveland-Cliffs — The…

A student studies in the Perry-Castaneda Library at the University of Texas at Austin, Feb. 22, 2024.Brandon Bell | Getty ImagesThe Trump administration has taken down the applications for popular student loan repayment plans from the U.S. Department of Education’s website, leaving millions of borrowers with fewer options for now.Borrowers are unable to access the applications for income-driven repayment, or IDR, plans, as well as the online application to consolidate their loans.Both applications are critical for borrowers pursuing lower monthly payments and loan forgiveness through an IDR plan, as well as the related Public Service Loan Forgiveness program.The disruption is…

Houston Rockets Shooting Guard Jalen Green weighs in on NBA Play-In TournamentWe catch up with Houston Rockets shooting guard Jalen Green, and talk about his partnership with Wingstop.LaVar Ball, the CEO of Big Baller Brand and father of Lonzo Ball, LiAngelo Ball and LaMelo Ball, has acknowledged reports that he recently had his right foot amputated.Appearing in a video posted to TikTok user Primby’s account, Ball even makes light of his surgery: “Everyone heard what happened. And y’all can take my foot, but you know what you can’t take? That Primby account.” He continues by singing along to his son LiAngelo’s recent…

Justin Sullivan | Getty ImagesAt PayPal’s first investor day in four years, CEO Alex Chriss will deliver a clear message to shareholders: Venmo isn’t just an easy way to split the dinner tab.Chriss, who took the helm in September 2023, is trying to spur a turnaround at the payments company, and Venmo is a key part of his effort. The company told investors in New York on Tuesday that Venmo can top $2 billion in revenue by 2027. The last time PayPal provided an annual revenue figure for Venmo was 2021, when it was about $900 million.For Chriss, Venmo expansion…