Category Archives: Syndicated
Airbnb profits surge 280% in third quarter
(CNBC) Airbnb reported strong third-quarter profit growth and a beat on revenue estimates Thursday, as the company continues its recovery from Covid-19 and travel returns as vaccinations efforts ramp up worldwide. Shares briefly rose more than 3% in after-hours trading […]
Peloton shares fall 25% as company posts wider-than-expected loss and slashes full-year outlook
(CNBC) Peloton shares tumbled more than 25% on Thursday, after the company reported weakening sales growth and a wider-than-expected loss in its fiscal first quarter. The company slashed its outlook for the full fiscal year amid softened demand for its […]
Robinhood expands offering that allows retail investors to buy into IPOs
(Reuters) Online brokerage Robinhood Markets Inc said on Wednesday it would allow companies issuing shares through its IPO Access platform to set aside some stock for members of the public with ties to the issuers. Directed Share Programs (DSPs), which […]
Credit Suisse to tighten the reins after string of scandals
(Reuters) Credit Suisse will unveil a new centralised structure on Thursday in an attempt to bring its far-flung divisions to heel and draw a line under a string of scandals that have cost the Swiss bank billions of dollars, two […]
Wells Fargo warns investors that the bank is likely to face more regulatory setbacks
(CNBC) Wells Fargo said it is “likely to experience issues or delays” in satisfying demands from multiple U.S. regulators — a subtle, but meaningful shift in language from earlier filings where the bank said it “may” experience delays. The development […]
Fed to start tapering bond purchases later this month as it begins pulling back on pandemic aid
(CNBC) Tapering of bond purchases will start “later this month,” the policymaking Federal Open Market Committee said in its post-meeting statement. The process will see reductions of $15 billion each month — $10 billion in Treasurys and $5 billion in […]
10-year Treasury yield inches higher with Fed set to begin bond taper this month
(CNBC) The 10-year U.S. Treasury yield moved higher Wednesday after the Federal Reserve announced it would start tapering pandemic-era aid later this month. The yield on the benchmark 10-year Treasury note rose 3.7 basis points to 1.584% at 4:00 p.m. […]
With Fed taper expected, investors brace for rate hikes on horizon
(Reuters) As the U.S. Federal Reserve gears up to taper its huge asset purchases, investors reeling from gyrations in the bond market are scanning the road ahead for signs of how effectively the central bank can tighten policy to deal […]
KKR’s earnings more than double on higher management fees, asset sales
(Reuters) KKR & Co Inc said on Tuesday its third-quarter distributable earnings more than doubled to $925.1 million, driven by strong growth in management fees and profit from asset sales in its private equity business. To read this article:
The Fed is about to set its post-crisis policy course — with a high level of uncertainty ahead
(CNBC) When the Federal Reserve adjourns its meeting Wednesday, it will be doing more than scaling down its economic aid. The central bank will be charting a course for its post-pandemic future. To read this article:
Fed is in denial about ‘persistent’ inflation, Wall Street forecaster Jim Bianco warns
(CNBC) Market forecaster Jim Bianco expects inflation’s intensity to catch up with central bank policymakers worldwide, including the Federal Reserve. The fallout could make stocks less attractive, and knock them off record highs. “Inflation is persistent and you’ve got to […]
Zillow says it’s closing homebuying business, cutting 25% of workforce; earnings miss estimates
(CNBC) Zillow, the digital real estate company, said on Tuesday that it’s exiting Offers, its business that buys and flips homes, and eliminating 25% of its workforce. The announcement was attached to Zillow’s third-quarter earnings report. The company’s revenue and […]