Financial Performance
- Finance
How Credit Suisse’s Archegos debacle shows up faults with rules for banks
When Archegos Capital Management blew up, it saddled Credit Suisse Group with $5.5bn in losses. One reason investors and regulators…
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‘Even the apprentice gets equity’: City broker Cenkos eyes growth under new CEO Morse
Nearly three years ago, City broker Cenkos Securities was facing pressure from activist investor Crystal Amber to merge with a…
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Retail sales surge in August despite spread of delta and signal economy is still strong
The numbers: Sales at U.S. retail stores rose sharply in August in sign that Americans continued to spends gobs of…
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Drive-through drinks company Dutch Bros.’ shares jump 60% in their trading debut
Shares of Dutch Bros., a Grants Pass, Ore.-based purveyor of coffee and other hot and cold drinks, soared 60% soon…
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Peel Hunt plans IPO on AIM after bumper year
City broker and small and mid-cap focused investment bank Peel Hunt intends to float on London’s AIM market after a…
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Asset Management Awards 2021: the nominees
Financial News is pleased to announce the shortlists for the Asset Management Awards 2021. We will be releasing the names…
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Morgan Stanley says the latest rally that has caught the eye of Wall Street Bets won’t last. Here’s why.
Do it again? Investors will be eager to see if the S&P 500 and Dow industrials can repeat Monday’s wins…
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JPMorgan’s trading revenue to shrink by 10% in third quarter, says ex-CFO Lake
JPMorgan’s sales and trading revenue will be down by 10% in the third quarter of 2021, while the investment banking…
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Litecoin spikes 20% after hoax reports that Walmart would accept the cryptocurrency
Holders of litecoin enjoyed a short-lived, 20% bounce on Monday, following a fake report that Walmart would accept the cryptocurrency…
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Investors who want income need to understand this overlooked stock-market strategy
Interest rates have remained persistently low even as the economy emerges from the pandemic. The yield on 10-year U.S. Treasury…
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Bank of America unveils sweeping leadership changes with new CFO
Bank of America shook up its senior ranks, naming a new chief financial officer and handing extra responsibility to two…
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Lululemon stock rallies more than 10% on big earnings beat, big outlook hike
Lululemon Athletica Inc. shares rallied in the extended session Wednesday after the athleisure-apparel maker blew past Wall Street estimates for…
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City reacts as dividend tax hike to cost investors and self-employed £600m
Boris Johnson’s raid on dividends is set to cost investors and the self-employed £600m in extra tax. Analysis from investment…
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Boris Johnson targets dividends as part of social care funding plan
Prime Minister Boris Johnson is targeting investors with a new tax on dividends to fund the health and social care systems.…
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Ashmore Group reports pretax profit up 27%
Ashmore Group said that pretax profit for fiscal 2021 rose after the company booked lower costs, and that it was…
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Pernod Ricard FY2021 Sales EUR8.82B
By Joshua Kirby Pernod Ricard said Wednesday that it expects continued sales momentum into the new fiscal year, and set…
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30 stocks that shined in the pandemic are still poised for huge growth through 2024
“Sell on the good news.” How many times have you heard that term used? It happens frequently when a company…
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Robinhood shares fall on SEC’s warning of possible restrictions on payment for order flow
Shares of Robinhood Markets tumbled on 30 August after the head of the Securities and Exchange Commission signalled that he was…
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Pending home sales slide for second month in a row — even though economists predicted an increase
The numbers: Fewer Americans signed on the dotted line in July to purchase a home — but it’s likely too…
Read More » - Health
How Mixing Hurricanes With Low Rates Impacts Insurers
Hurricane Ida is certainly going to be a big insurance event. What that means for investors has a lot to…
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Zoom Video logs first billion-dollar quarter, but the stock is still falling
Zoom Video Communications Inc. reported its first billion-dollar quarter Monday, but the videoconferencing company’s outlook sent shares plunging more than…
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Peloton predicts a pause in its pandemic boom, and its stock is plunging
Peloton Interactive Inc. signaled Thursday that its pandemic boom will slow down, and the stock was pounded in late trading.…
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Deutsche Bank’s DWS Group sees shares slump amid SEC probe on ESG claims
The share price of Deutsche Bank’s asset management arm, DWS Group, sank by more than 10% when markets opened following…
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Salesforce results blow past Street view, outlook raised once more, and shares rise
Salesforce.com Inc. shares rose Wednesday after the cloud-based customer-relationship management company easily sailed past Wall Street estimates and once more…
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EToro posts $89m loss as user numbers taper on fading GameStop, crypto hype
Fading frenzied demand for meme stocks and cryptocurrencies in the second quarter led user growth rates to decline sharply at…
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Atom Bank files £36m loss as it aims for 2022 breakeven
Fintech lender Atom Bank narrowed its annual operating loss to £36m this year, as it aims for profitability ahead of…
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New home sales rebound despite prices hitting record high
The numbers: Sales of new homes in the U.S. rebounded in July after three consecutive months of declines. New-home sales…
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Investors fear blow to the City from BHP’s listing switch
London’s stock market could be about to lose one of its biggest companies — a blow not only to the…
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These 15 stocks of retailers are expected to rise up to 97% over the next year
With so many challenges for traditional retailers, investors can be forgiven for giving up on the entire sector. But there…
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Tesla’s humanoid robot gets muted welcome from Wall Street
Tesla Inc. shares were holding on to small gains a day after the company held its much-anticipated AI Day, which…
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Macy’s Stock Had Its Best Day Since 2020. Its Earnings Were That Good.
A view of the Macy’s flagship store Drew Angerer/Getty Images Macy’s stock soared Thursday after the department store operator crushed…
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Cisco Stock Hits Highest Levels Since Dot-Com Era as Street Shrugs Off Margin Worries
The rally comes as enterprise customers boost network infrastructure spending. Hcazenave/Dreamstime.com Reversing a modest after-hours decline, Cisco Systems shares are…
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Robinhood’s revenue surged on crypto trades over Q2 alongside a $502m loss
Revenue at Robinhood Markets more than doubled in the second quarter thanks to a torrent of customers trading cryptocurrency, but…
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Robinhood capitalizes on strong crypto interest in first earnings report, but stock stumbles
Robinhood Markets Inc. benefited from strong interest in cryptocurrencies in its first earnings report as a public company, though the…
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Cisco Systems’ Q4 sales, earnings edge above Wall Street estimates
Cisco Systems Inc.’s stock dipped 1% in extended trading Wednesday after the computer-networking company reported fiscal fourth-quarter results slightly above…
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Nvidia earnings top Street view with record data-center, gaming revenue
Nvidia Corp. shares fluctuated between slight gains and losses in the extended session Wednesday after the chip maker’s earnings and…
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BuzzFeed planned a Spac but collided with NBCUniversal — here’s what happened
As BuzzFeed was exploring plans to go public earlier this year, it ran into a problem: Executives at the digital-media…
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Target earnings and revenue beat expectations, announces $15 billion share buyback program
Target Corp. added to the evidence of a retail slowdown after COVID-19 highs, reporting the second-quarter rate of sales growth…
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BHP shares down following investor criticism of plan to ditch primary London listing
Shares in BHP fell overnight in Australia and opened down in the UK after criticism by investors of the mining…
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Carlsberg 2Q Organic Revenue Growth 14%
By Adria Calatayud Carlsberg AS on Wednesday raised its earnings guidance for 2021 after posting first-half net profit and revenue…
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Warren Buffett bucks Wall Street by adding more Kroger stock to his portfolio
When investors think about the supermarket industry, dynamic growth probably doesn’t come to mind. But Berkshire Hathaway CEO Warren Buffett…
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These stocks provide a better way to invest in the electric-vehicle revolution than the car makers themselves
The growth path for the electric vehicle industry seems inevitable. Governments are using incentives to encourage consumers to make the…
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Mining giant BHP chooses Sydney over London for main stock listing
Mining giant BHP, one of the largest companies in the FTSE 100 said it will drop London in favour of Sydney as…
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U.S. stock futures fall ahead of retail sales data
U.S. stock futures weakened Tuesday, ahead of data that may show a decline in retail sales. What’s happening Futures on…
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BHP FY21 Net Profit $11.30 Billion, Up 42% On-Year
By Rhiannon Hoyle SYDNEY–BHP Group Ltd. said it will combine its oil-and-gas business with Australia’s Woodside Petroleum Ltd. in an…
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With a minority stake and a sharp tongue Ryan Cohen became GameStop’s chair
It took just a few months for a 36-year-old entrepreneur to take over America’s most talked-about company — and make…
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Chasing Tesla: Here are the current electric vehicle plans of every major car maker
At President Joe Biden’s urging, the auto industry pledged to boost production of electric vehicles to the point that they…
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Disney produces best earnings and sales since before pandemic, stock pops 5% higher
The Walt Disney Co. reported its strongest sales and profit since before the COVID-19 pandemic began on Thursday, sending shares…
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Micron stock heads for worst day since March 2020 amid looming fears about memory cycle
The party in the memory market could be coming to an end, and that’s weighing on shares of Micron Technology…
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Linklaters profits jump 12% as Magic Circle continues bumper lockdown
Linklaters has seen its profits jump 12% as the Magic Circle set of top City law firms continues to report strong…
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