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
Largest U.S. Pension Slashed Positions in Alibaba, Palantir, and GameStop. Here’s What It Bought.
Calpers sold nearly all its investment in Alibaba, and halved positions in Palantir and GameStop stock. Greg Baker/AFP via Getty…
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 higher costs amid chip shortage ding earnings outlook
Cisco Systems Inc. shares dropped in the extended session Wednesday as the company’s earnings outlook fell short of Wall Street…
Read More » - Market
With drinkers back, 2 of Britain’s biggest pub groups are hoping for a strong rebound
Two of Britain’s biggest pub operators on Wednesday reported bigger half-yearly losses, as the COVID-19 pandemic and related lockdowns forced…
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
Dow jumps over 250 points, even as retail sales data comes in weaker than expected
U.S. stock indexes rose early Friday as investors took a weaker-than-expected reading of April retail sales in stride, after a…
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, +29.41% 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 » - 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. fell again Tuesday, after the electric vehicle maker’s April sales in China fell sharply from March,…
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 » - Market
Here’s the catalyst that could shift the market debate from selling the news to buying the dip
Two things are clear this earnings season. The first is that first-quarter earnings have been outstanding. According to a Credit…
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 posts loss, stock falls in late trading
This article previously referenced incorrect estimates for Peloton’s quarterly performance. It has been updated. Peloton Interactive Inc. sales more than…
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 » - Market
Etsy Earnings Beat Expectations. Why Its Stock Is Tumbling.
Etsy projects a return to Earth in the second quarter. Wachiwit/Dreamstime And that’s the end of the great Etsy pandemic…
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
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
Airline stocks gain altitude as Europe plans to welcome more overseas tourists
Airline stocks flew higher on Tuesday, as the European Union moved to welcome foreign tourists to the region, a sign…
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
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 futures rise around 200 points to start May trade
U.S. stocks on Monday were seen trading higher to start the week and month as evidence mounted that American corporations…
Read More » - Tech
Elon Musk Can Pocket Another $32 Billion of Tesla Shares
Elon Musk, already one of the world’s richest people, can add another $32.4 billion worth of Tesla Inc. TSLA 4.79%…
Read More » - Tech
Five Tech Giants Just Keep Growing
If the pandemic had never happened, the tech industry’s clout likely would have risen over the past year. But the…
Read More » - Market
Dow down more than 200 points as hectic week of earnings comes to a close
U.S. stocks fell Friday on the last trading day of the month, as one of the busiest weeks of the…
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