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MarketWatch MarketPulseMar 30, 2023
: BlackBerry stock dips after earnings show issues in cybersecurity business
BlackBerry Ltd. BB shares declined in after-hours trading Thursday after the company released preliminary fourth-quarter numbers that came up short amid troubles closing cybersecurity-software deals. BlackBerry reported a year-over-year decline in revenue to $151 million from $185 million, while analysts on average were expecting $154.7 million, according to FactSet. The company reported a loss of $495 million, or 85 cents a share, after reporting a loss of 3 cents a share in the same quarter a year ago. After adjusting for stock compensation and some large impairment benefits, the company reported an adjusted loss of 2 cents a share, down from adjusted earnings of a penny a share a year ago. Analysts on average were projecting an adjusted loss of 8 cents a share, according to FactSet. BlackBerry executives said that they were having issues closing new deals for cybersecurity software — a key segment for a company more well-known for its former cellphone business — as companies and governments increase scrutiny on new costs. "Macro challenges were a key factor for BlackBerry's Cybersecurity business unit this quarter, with elongated sales cycles in government causing some large deals to slip into later quarters," Chief Executive John Chen said in a statement. BlackBerry executives said they would provide more detail, including an outlook for the new fiscal year, in a conference call scheduled for 5:30 p.m. Eastern, and expect to revise long-term targets for its cybersecurity business at a May 17 analyst day presentation. BlackBerry shares declined more than 1% in after-hours trading, following a 0.5% gain to $4 in regular trading. The stock has dropped more than 47% in the past 12 months, as the S&P 500 index SPX has declined 17.3%, but has been moving higher this year, increasing 23.1% year-to-date.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit for more information on this news.

MarketWatchMar 30, 2023
Tax Guy: Dear Tax Guy: My husband was ill — and I had no idea that our taxes were not filed. Will the IRS penalize us?
'He always handled our finances but became ill a few years ago,' says a wife who is worried the IRS will penalize her.

Google Business NewsMar 30, 2023
The Latest: War in Ukraine: Finland Clears Last Hurdle to Join NATO, Reshaping Balance of Power - The New York Times
The Latest: War in Ukraine: Finland Clears Last Hurdle to Join NATO, Reshaping Balance of Power  The New York TimesAlexei Moskalev: Father of girl who drew anti-war picture arrested on run in Minsk  BBCRussian Man Sentenced to 2 Years After 13-Year-Old Daughter Draws Antiwar Picture  Democracy Now!Fugitive Russian father draws Kremlin censure, support from Wagner boss  Yahoo NewsRussia-Ukraine War: Russian Man Sentenced To 2 Yrs In Jail For 'Glory To Ukraine' Drawing | Newsmo  India TodayView Full Coverage on Google News

Yahoo BusinessMar 30, 2023
Stocks could end the year 14% higher—and it's because the banking crisis, according to veteran investment strategist Ed Yardeni

MarketWatch MarketPulseMar 30, 2023
: Nikola stock falls toward another record low as share sale announced
Nikola Inc. NKLA shares declined toward an all-time low in after-hours trading Thursday, as the car maker announced plans to sell shares. Nikola announced a plan to sell $100 million in stock, along with a concurrent direct offering with an unnamed investor for another $100 million. The stock fell more than 5% in the extended session. Nikola disappointed investors with its fourth-quarter revenue total in February, and projected that 500 or fewer vehicles will be produced this year. The company reported a net loss of $784 million for the year, and restricted cash and equivalents of less than $80 million when it ended. Shares have plunged 87.4% in the past 12 months and 35.2% so far this year, as the S&P 500 index SPX has declined 12.5% and gained 4.9% in those periods respectively. Nikola stock closed at an all-time low of $1.40 a share Thursday, before declining again in late trading.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit for more information on this news.

MarketWatchMar 30, 2023
The Fed: Fed's Collins backs forecast of one more rate hike and no cuts this year
Boston Fed President Susan Collins backed the central bank's forecast that sees one more 25 basis point hike and no rate cuts until 2024.

: Gold futures settle at highest in more than a year, near $2,000 an ounce (MarketWatch MarketPulse)

MarketWatch MarketPulseMar 30, 2023
: Bed Bath & Beyond stock sinks toward record low after $300 stock offering, which represents more than triple the retailer's market value
Shares of Bed Bath & Beyond Inc. BBBY sank 3.6% toward a record low in morning trading Thursday, after the troubled home goods retailer said it launched an at-the-market offering to sell up to $300 million worth of its common stock. That compares with the company's current market capitalization of $90.3 million. B. Riley is the sales agent for the offering. Bed Bath also disclosed that it has entered into a stock purchase agreement with B. Riley Principal Capital II to provide additional capital to the company. "The actions we've taken have enabled us to create the necessary financial runway to begin restoring our iconic Bed Bath & Beyond and buybuy BABY businesses.," said Chief Executive Sue Gove. "We have raised $360 million of equity capital since the beginning of February, cured our default under our credit agreement, repaid material amounts of our ABL facility, completed our interest payment for our Senior Notes, all while jumpstarting our turnaround plans." The stock, which was headed for a ninth-straight close below the $1 mark, has plummeted 69.1% year to date, while the S&P 500 SPX has gained 5.6%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit for more information on this news.

Yahoo BusinessMar 30, 2023
I make $100K a year; how come I still can't get ahead? A six-figure salary may not be enough for the American dream anymore — but here are 3 simple ways to stop living paycheck to paycheck

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