Rose Prophete bought her home in Canarsie, Brooklyn, N.Y. in May 2005. She thought she had paid off her loans until recently, when a company approached her about a debt she thought she had settled a long time ago. The company expected Prophete to pay up over $130,000, or face…
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Advanced Micro Devices Inc. shares tumbled nearly 7% in after-hours trading Tuesday, after the chip maker reported a big drop in margins and provided a forecast that doesn’t suggest immediate improvement. AMD AMD reported a first-quarter net loss of $139 million and revenue fell to $5.3 billion, fueled by big…
Tinder parent company Match Group Inc. announced Tuesday that its brands are exiting Russia, citing human rights concerns. “We are committed to protecting human rights,” Match MTCH said in the company’s annual impact report. “Our brands are taking steps to restrict access to their services in Russia and will complete…
Stock-market investors didn’t get much time to enjoy a brief period of relief for stocks following JPMorgan Chase & Co.’s takeover of First Republic Bank. The seizure on Monday of troubled First Republic FRC and the subsequent takeover by JPMorgan Chase JPM failed to arrest a slide in U.S. regional…
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Vice President Kamala Harris will reportedly host the chief executives of Alphabet GOOG GOOGL, Microsoft MSFT, OpenAI and Anthropic at the White House on Thursday to discuss artificial-intelligence issues. Reuters and CNBC reported Tuesday that Harris seeks a “frank discussion” of the risks and ethics in developing AI technology, and…
Dear Quentin, I’m a 46-year-old woman, and single mother to a 14-year-old boy. I bought a centrally located house in Miami after the housing market crash in 2010 for $167,000. The house is small but has a big lot in front of it, and I currently owe $128,000. The house…
AMC Entertainment Holdings AMC Chairman and CEO Adam Aron lashed out at Robinhood Markets in a Monday tweet after the company briefly ran a banner wrongly declaring that the movie-theater chain had filed for bankruptcy. “I am getting multiple reports that Robinhood briefly posted today that AMC filed for bankruptcy.…
Regional bank stocks took a broad beating Monday in the wake of First Republic Bank’s failure, and continue to underperform the broader stock market by their widest margin in history, much worse than they did during the 2008-2009 financial crisis. While investors continue to reject the sector, on its own…