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David Paul Morris / Bloomberg via Getty Images Meta Platforms CEO Mark Zuckerberg at a company event in September. Key TakeawaysMeta’s latest results are set to arrive this afternoon with the company’s shares up nearly 70% this year.Wall Street analysts are overwhelmingly bullish on the shares, though at present calling for comparatively little further update.Of the 30 analysts tracking shares of the Facebook and Instagram parent company as of Wednesday morning, 28 had “buy” or equivalent ratings and two had “hold,” according to Visible Alpha data.Shares of Meta Platforms (META) ticked higher in early Wednesday trading ahead of the company’s…
Smith Collection / Gado / Getty ImagesKey TakeawaysCharles Schwab plans to expand its 24-hour trading, becoming the latest brokerage to embrace round-the-clock markets.Select Schwab clients will be able to trade all S&P 500 and Nasdaq-100 stocks, as well as hundreds of exchange-traded funds, at any time Monday through Friday.The capability will gradually be extended to all clients in 2025.Charles Schwab (SCHW) on Wednesday announced that it plans to expand its 24-hour trading, becoming the latest brokerage to embrace round-the-clock markets.Select Schwab clients will be able to trade all S&P 500 and Nasdaq-100 stocks, as well as hundreds of exchange-traded funds…
When you buy through our links, Business Insider may earn an affiliate commission. .Our top picks for the best cat brushesBest overall: Hartz Groomer’s Best Combo Brush – See at ChewyThis dual-sided brush has pins for removing loose fur and small tangles and nylon bristles for smoothing and softening the coat — it’s like a massage for your cat and costs less than $10.Best deshedding: Andis Deshedding Tool – See at ChewyThe hooked teeth on the Andis Pet Deshedding Tool deftly remove hair from a cat’s undercoat without irritating the skin.Best slicker: Safari Self-Cleaning Slicker Brush for Cats – See…
David Paul Morris / Bloomberg via Getty ImagesKey TakeawaysSuper Micro Computer shares plunged Wednesday after accounting giant EY resigned as the company’s auditor.The accounting firm said it is “unwilling to be associated with the financial statements prepared by management.”The resignation comes after months of speculation about Super Micro Computer’s accounting practices following a report from short seller Hindenburg research accusing it of “manipulation.”Super Micro Computer (SMCI) shares plunged Wednesday after accounting firm EY resigned as the company’s auditor following months of speculation about the company’s accounting practices.EY, one of the country’s “Big Four” accounting firms, told Super Micro Computer’s board…
Martha Stewart gets candid in the new Netflix documentary “Martha.”Courtesy of NetflixMartha Stewart gets candid about her life in the new Netflix documentary “Martha.”She discussed being the only female stockbroker at her firm when she worked on Wall Street. Stewart also spoke about her love life, including her 15-year relationship with Charles Simonyi.After being in the public eye for four decades, you would think Martha Stewart wouldn’t have many secrets left to share.But the lifestyle mogul spills plenty in her new documentary “Martha,” released on Netflix on Wednesday.Stewart talked about the many highs and lows of her incredible life, handing…
Joe Raedle / Getty ImagesKey TakeawaysMeme stock hero “Roaring Kitty” has sold his entire stake in pet supplies retailer Chewy.The investor, whose real name is Keith Gill, shook up the market in the summer when he posted a comic picture of a dog on his X account, followed by news he bought 9 million shares of Chewy.The news led Chewy shares to bounce around in Wednesday morning trading.”Roaring Kitty” is roiling the markets once again, this time sending shares of Chewy (CHWY) yo-yoing.A regulatory filing showed the meme stock hero, whose real name is Keith Gill, has sold off his…
OpenAI CEO Sam Altman.Jason Redmond/AFP/Getty ImagesFidelity participated in OpenAI’s $6.6 billion funding round.Several big Fidelity funds valued their OpenAI stock in new filings on Wednesday.Fidelity has backed several late-stage startups over the years.Several big Fidelity funds have stakes in OpenAI that the mutual fund giant valued at more than $100 million in total, according to filings on Wednesday.Fidelity participated in OpenAI’s $6.6 billion funding round. Its Blue Chip Growth Fund and Contrafund have stakes.According to the Contrafund’s monthly report, which was published on October 30 and includes financial information for the month of September, Fidelity valued those OpenAI shares at…
When you buy through our links, Business Insider may earn an affiliate commission. Learn moreThe Shark Stratos is a powerful, versatile upright vacuum that’s perfect for multi-pet homes.Camryn Rabideau/Business InsiderWhen you share your home with multiple pets — in my case, two long-haired Golden Retrievers and a spunky cat — a powerful vacuum is a necessity. I’ve found that many of the best upright vacuums only perform well on one type of flooring, either hard floors or carpeting, and it’s been an endless source of frustration as I have an equal mix of both in my home. I want to…
Stock market today: Indexes slip as traders digest GDP and inflation data ahead of more big earnings
Spencer Platt/Getty ImagesStocks were mostly lower on Wednesday after a fresh batch of economic data points. US real GDP increased at an annual rate of 2.8% in the third quarter.Wall Street is bracing for more tech earnings, with Meta due to report after the closing bell. US stocks wavered on Wednesday as a combination of data releases left investors with a strong impression of the US economy.Third-quarter US real GDP increased at an annualized rate of 2.8%. Though slightly below forecasts, the reading still points to a strong economy and isn’t likely to ramp up the urgency on the part…
Photo by J. Conrad Williams Jr./Newsday RM via Getty ImagesKey TakeawaysThe GDP grew at an annual rate of 2.8% in the third quarter, a slowdown from the prior quarter.The deceleration was due to a drop in housing investment, which outweighed an acceleration of consumer spending.Overall, the economy was running smoothly and consumer price increases were relatively small.The U.S. economy grew in the third quarter, although slower than expected, as the stagnant housing market dragged down the country’s overall output.The inflation-adjusted Gross Domestic Product grew at an annual rate of 2.8% in the third quarter, decelerating from 3% growth in the…