Category Archives: Syndicated
Meta reports better-than-expected results and issues optimistic guidance for third quarter
(CNBC) Meta reported earnings and revenue for the second quarter that topped analysts’ estimates and issued a better-than-expected forecast for the current period, reflecting a rebound in the digital advertising market. The stock rose about 7% in extended trading. Earnings: $2.98 […]
Fed approves hike that takes interest rates to highest level in more than 22 years
(CNBC) The Federal Reserve on Wednesday approved a much-anticipated interest rate hike that takes benchmark borrowing costs to their highest level in more than 22 years. In a move that financial markets had completely priced in, the central bank’s Federal […]
McDonald’s is about to report earnings. Here’s what to expect
(CNBC) McDonald’s is expected to report its second-quarter earnings before the bell Thursday. Here’s what Wall Street analysts surveyed by Refinitiv are expecting: Earnings per share: $2.79 expected Revenue: $6.27 billion expected The fast-food giant is often seen as a […]
South Korea looking to reverse Elliott compensation award
(Hedgeweek) Elliott Investment Management’s long-running dispute with the South Korean government still has someway to go after Justice Minister Han Dong-hoon revealed a new law suit aimed at reversing a decision by an international tribunal to award the US hedge […]
Here’s what to expect from the Federal Reserve meeting Wednesday
(CNBC) Despite an improving inflation picture, the Federal Reserve is expected on Wednesday to approve what would be the 11th interest rate increase since March 2022. Investors are hoping it will be the last one for a long time. Markets […]
Lawsuit accuses billionaire Leon Black of raping autistic teenager at Jeffrey Epstein’s townhouse
(CNBC) A federal lawsuit filed Tuesday accused Leon Black, the billionaire co-founder of Apollo Global Management, of raping a then-16-year-old girl with autism in 2002 at the Manhattan townhouse of disgraced financier Jeffrey Epstein. The lawsuit alleges the unidentified plaintiff […]
Wells Fargo announces $30 billion buyback, shares rise
(CNBC) Wells Fargo shares popped Tuesday after the bank said it would buy back $30 billion in stock. The company also said its board of directors approved a previously announced dividend increase, to 35 cents per share from the previous […]
Microsoft shares dip after quarterly revenue guidance misses expectations
(CNBC) Microsoft shares slipped as much as 4% in extended trading on Tuesday after the software maker issued quarterly revenue guidance that fell short of analysts’ expectations. Here’s how the company did: Earnings: $2.69 per share, vs. $2.55 per share […]
Rithm Capital to acquire hedge fund Sculptor for $639m
(Hedgeweek) Rithm Capital Corp, a New York-based asset manager focused on the real estate and financial services industries, is to acquire $34bn hedge fund firm Sculptor Capital Management in a transaction valued at approximately $639m. To read this article:
Stock futures are little changed Monday evening after Dow notches 11-day rally: Live updates
(CNBC) U.S. stock futures were flat on Monday night after the Dow Jones Industrial Average registered its longest winning streak since February 2017. Dow Jones Industrial Average futures inched down 12 points, or 0.03%. Futures linked to the S&P 500 […]
General Motors is set to report earnings before the bell. Here’s what Wall Street expects
(CNBC) General Motors is set to report its second-quarter earnings before the bell Tuesday. The Detroit automaker is expected to report solid results, driven by favorable industry trends of high prices on new vehicles and increased sales and production. To […]
Bitcoin falls sharply ahead of Fed meeting and as investors weigh Binance concerns
(CNBC) The price of bitcoin fell sharply and suddenly to start the week as investors awaited a major Federal Reserve policy decision and digested concerns around Binance. Bitcoin was last lower by more than 3% at $29,121.60, according to Coin […]