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The Morning Hustle

5:00 am 9:00 am

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The Morning Hustle

5:00 am 9:00 am


industrial news

Text size The tax-preparation company recently unveiled Spruce, a mobile-banking app. Cindy Ord/Getty Images As tax season gets under way, H&R Block is continuing its push to offer year-round financial solutions for its customers. Investors will get a look at how the process is going when the company reports its quarterly results on Tuesday. Just […]

Facebook FB 1.83% says it’s helping millions of the world’s poorest people get online through apps and services that allow them to use internet data free. Internal company documents show that many of these people end up being charged in amounts that collectively add up to an estimated millions of dollars a month. To attract […]

Rising mortgage rates could put a chill on housing. A 30-year loan is averaging 3.5%, up from 3% just last month. If rates keep rising as the Federal Reserve tightens monetary policy, housing stocks will struggle as home loans grow less affordable. The outlook doesn’t look great for mortgage originators either, with volumes likely to […]

Fetch Rewards Inc., a SoftBank-backed consumer rewards company, has named David Sommer as its first chief customer officer, the company said. Mr. Sommer was previously head of industry at Facebook parent Meta Platforms Inc., overseeing the accounts of the company’s largest retail and consumer packaged goods clients, such as Walmart Inc. and Procter & Gamble […]

Moonshot stocks are coming back to Earth. As the Federal Reserve moves closer to raising interest rates, investors are repricing their bets on one of the riskiest corners of the market: shares of companies that don’t make money. Cash-burning technology firms, biotechnology companies without any approved drugs and startups that listed quickly via mergers with […]

The day after former Facebook employee and whistleblower Frances Haugen went public in October, the company’s team in Washington started working the phones. To lawmakers and advocacy groups on the right, according to people familiar with the conversations, their message was that Ms. Haugen was trying to help Democrats. Within hours, several conservative news outlets […]

When you watch a magician wave his right hand in a flourish, keep an eye on his left, because that’s usually where the real action is. This lesson is certainly true of Facebook’s own recent “magical” flourishes. First, Facebook unveiled a new name — Meta Platforms FB, -1.12% — as part of its project to […]

Amid the holiday cards coming in the mail and inboxes this season is a potentially not-so-nice greeting for some mutual-fund investors: capital-gains distributions. It’s not all bad news. A number of funds are paying out gains because stocks gained this year, with the S&P 500 index SPX, +0.95% up 22% through November (and has continued […]

Individuals may have digital dollars accessible by way of smartphones inside a couple of years. Paper cash and checkbooks gained’t go away fully however the general advantages of digital cash are compelling. Most of us already obtain paychecks, Social Safety advantages and another funds digitally by way of direct deposit. We are able to swap these funds […]