Financial Performance
- Market
Pending home sales sink as the housing market falls back to Earth
The numbers: An indicator of existing-home sales fell in April, suggesting that the housing market could be cooling in the face…
Read More » - Health
Blink Charging Taps Cash Pile in Electric Car Bet
Blink Charging Co. is using cash acquired in a recent stock offering to expand its network of charging stations ahead…
Read More » - Market
Salesforce stock rises on earnings beat, increased outlook
Salesforce.com Inc. shares rose in the extended session Thursday after the cloud-based customer-relationship management company topped Wall Street estimates and…
Read More » - Market
GameStop stalls, AMC soars in rare divergence — short interest might hold the key
After posting almost identical charts for weeks, the two biggest names in meme stocks are suddenly no longer twinning, and…
Read More » - Finance
London’s IPO race is heating up — Here’s which investment firm could float next
Anyone who thought that the pandemic would dull investors’ appetite for going public should think again. Listing this year so far:…
Read More » - Health
Ford Expects 40% of Global Vehicle Volume to Be Fully Electric By 2030
Ford Motor Co. F 8.51% shares rose to their highest level in nearly five years, after the auto maker outlined…
Read More » - Market
Nvidia sales hit a record again amid chip shortage, and the earnings outlook suggests more on the way
Nvidia Corp. broke several quarterly sales records and forecast revenue growth as much as $1 billion above Wall Street estimates…
Read More » - Finance
Archegos wipes off $6bn from top banks’ stock trading units in first quarter
The implosion of family office Archegos Capital wiped off more than $6bn from the world’s largest investment banks’ equities business,…
Read More » - Finance
Refinitiv boss to step down from London Stock Exchange data helm
Refinitiv’s chief executive David Craig is to step away from his role at the London Stock Exchange Group at the…
Read More » - Health
Exxon vs. Activists: Battle Over Future of Oil and Gas Reaches Showdown
For years, Exxon Mobil Corp. didn’t have to pay much attention to investors because of its gargantuan profits. Yet on…
Read More » - Market
Existing-home sales fall for third straight month — so what’s going on?
The numbers: Existing-home sales declined yet again, a result of the low inventory of properties for sale and rising prices…
Read More » - Market
AT&T CEO John Stankey Defends Dividend Cut
AT&T has had a momentous week. Since surprising the market with its plan to spin off WarnerMedia, the phone giant’s…
Read More » - Market
Ralph Lauren swings to a profit and reinstates dividend
Ralph Lauren Corp. blew past earnings estimates for its fiscal fourth quarter on Thursday, and said it may close more…
Read More » - Market
Cisco stock drops as earnings outlook falls below Street consensus
Cisco Systems Inc. shares fell in the extended session Wednesday as the company’s earnings outlook fell short of Wall Street…
Read More » - Market
A new short squeeze in GameStop and AMC? One social-media sentiment tracker says one is brewing for ‘either today or very soon’
The two biggest “meme” stocks are giving retail investors something to talk about on Tuesday, and leading at least one…
Read More » - Finance
Bankers part ways with Credit Suisse over Archegos
Credit Suisse Group is facing an exodus of senior investment bankers in the wake of a $5.5bn loss tied to…
Read More » - Market
Bitcoin, dogecoin lead wipeout of over half a trillion dollars in manic Monday for crypto
The air is leaking out of the crypto complex, highlighted by declines in popular trades, including bitcoin, dogecoin and crypto…
Read More » - Finance
Social media drives crowd of young investors to markets in wake of GameStop saga
Almost a fifth of Gen-Z investors have ventured into the markets over the past year, with 9% starting after the…
Read More » - ECONOMY
India Inc.’s Laggards And Last-Minute AGMs
This is the seventh edition of our study regarding the association between the timing of the annual general meetings of…
Read More » - Market
AMC Entertainment stock surges to longest win streak in nearly 2 years
Shares of AMC Entertainment Holdings Inc. rallied Friday to a sixth straight gain, which is the longest win streak in…
Read More » - Market
U.S. stocks jump, even as retail sales data comes in weaker than expected
U.S. stocks were up around midday Friday as investors took a weaker-than-expected reading of April retail sales in stride, shaking…
Read More » - Market
Sales at U.S. retailers fall flat in April as stimulus boosts fades
The numbers: Sales at U.S. retailers fell flat in April after a blockbuster gain in the prior month when the…
Read More » - Market
Plug Power stock soars as restatement removes overhang of uncertainty
Shares of Plug Power Inc. surged Friday, after they hydrogen and fuel cell systems company completed its restatement, removing a…
Read More » - Finance
Square has ‘no plans’ to buy more bitcoin after $20m loss
Payments fintech Square said it has no plans to buy more bitcoin for its corporate treasuries, after losing $20m on…
Read More » - Market
Disney earnings blow away estimates as theme parks return, but streaming slowdown sends stock lower
The Walt Disney Co. blew away earnings expectations with a Thursday report, but shares still fell in late trading as…
Read More » - Market
AMC soars and this time GameStop follows as meme stocks get squeezed hard
Meme stocks are playing role reversal with AMC Entertainment’s AMC, +29.89% Thursday short squeeze pulling up shares in retail stock…
Read More » - Market
U.S. stock futures mostly lower after rout triggered by inflation fears
U.S. stock-index futures pointed to a mixed start for U.S. equities Thursday, a day after hot inflation data sent the…
Read More » - Finance
Goldman’s average pay in Europe jumps to $686,500 each as profit surges
Goldman Sachs’ European staff brought in profit of $2.8bn last year, an increase of 37% as revenues across investment banking…
Read More » - Market
Tesla stock and bitcoin drop after Elon Musk says car sales with crypto will be halted due to energy usage of mining
Tesla Inc. will halt sales of cars using bitcoin due to the effects on the environment that cryptocurrency mining can…
Read More » - Finance
Space tour guide? 3D printer chef? These are the jobs your kids will do, Bank of America says
Forget banker, accountant or lawyer — your kids could be embarking on careers as brain simulation specialists, space tour guides…
Read More » - Finance
NFT gold rush sees platforms boom as Jay-Z, Mark Cuban pile in
As non-fungible tokens, or NFTs, burst into the mainstream, so too have the marketplaces that host their sales. The race…
Read More » - Finance
SoftBank smashes profit records for Japan-based companies
TOKYO— SoftBank smashed profit records in its home country, riding a series of blockbuster initial public offerings to an annual…
Read More » - Market
Tesla stock falls again after downbeat China sales data
Shares of Tesla Inc. took another dive Tuesday, after the electric vehicle maker’s April sales in China fell sharply from…
Read More » - Finance
Pharma investors scoff at Covid vaccine patent waiver: ‘We are not convinced’
Fund managers holding healthcare and pharmaceutical stocks have questioned the US government’s decision to support a waiver on Covid vaccine…
Read More » - Finance
Numis plans investment bank expansion after record start to the year
City broker Numis more than doubled investment banking fees in the first half of its fiscal year as UK initial…
Read More » - Market
Peloton stock bounces back after revised forecast calls for $4 billion in annual sales
This article previously referenced incorrect estimates for Peloton’s quarterly performance. It has been updated. Peloton Interactive Inc. executives expect to…
Read More » - Market
Global tally of COVID-19 cases tops 155 million as Biden supports waivers for vaccine patents
The global tally of confirmed cases of the coronavirus-borne illness COVID-19 climbed above 155 million on Thursday, and India’s tally…
Read More » - Finance
JPMorgan just promoted 52 to MD in Europe — Here are the names
JPMorgan has promoted 52 people to managing director within its corporate and investment bank in Europe, the Middle East and…
Read More » - Finance
US watchdog mulls stricter rules after Archegos debacle, GameStop mania
WASHINGTON—Wall Street’s top regulator will study potential new rules related to two recent episodes of stock-market turbulence — the GameStop…
Read More » - Finance
Lazard CEO eyes banker recruits as dealflow surges — ‘2022 will be even better’
Independent investment bank Lazard is ramping up recruitment for both senior dealmakers and junior bankers as activity has surged to…
Read More » - Finance
Virgin Money secures half-year profit on slump in bad Covid-19 loans
Profit surged at challenger bank Virgin Money in the first half of its financial year, after it set aside less…
Read More » - Market
Homebuilder stocks are in a sweet spot, and they’re getting cheaper as earnings and sales estimates rise
Homebuilders in the U.S. are entering what may be the best of times. Demand is strong, and mortgage rates are…
Read More » - Market
Dow futures rise to kick off May
U.S. stocks on Monday were seen trading higher to start the week and month as evidence mounted that American corporations…
Read More » - Market
A 10% drop or at least a pause could be looming for the S&P 500. Take shelter in these sectors, says veteran strategist
Legendary investor Warren Buffett told his faithful over the weekend that the U.S. economy is “red hot,” suggesting money in…
Read More » - Market
Dow closes lower after hectic week of earnings, but posts gains for 3 straight months
U.S. stocks fell Friday on the last trading day of the month, as one of the busiest weeks of the…
Read More » - Market
Weekend reads: Moving to the mountains — on $18,000 a year
It’s easy to imagine retiring to a beautiful place, but chances are many other people are thinking the same way,…
Read More » - Finance
Former Woodford sales exec Simon Dale joins ETF firm
Simon Dale, the former head of retail at Woodford Investment Management, has joined exchange traded fund boutique HANetf to oversee…
Read More » - Finance
Trading Places: Ex-Woodford sales head joins ETF firm, former KPMG chief exec quits and Credit Suisse risk head stands down
Simon Dale, the former head of retail at Woodford Investment Management, has joined exchange traded fund boutique HANetf to oversee…
Read More » - Finance
Barclays profits surge on record investment bank fees, slump in bad loans
Strong performance at Barclays’ investment bank and a slump in money put aside for bad loans bolstered first quarter profits…
Read More » - Market
Amazon’s pandemic profits top previous 3 years of earnings
The pandemic has been very profitable for Amazon.com Inc. Amazon AMZN, +0.37% reported first-quarter earnings of $8.11 billion Thursday afternoon,…
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