Category Archives: Syndicated
Shares of EV start-up Lucid surge as much as 47% after confirming deliveries of its first car
(CNBC) Shares of electric vehicle start-up Lucid Group surged by as much as 47% during trading Thursday, a day after the company confirmed the first customer deliveries of its $169,000 Air Dream Edition sedan would begin Saturday. To read this […]
Panasonic raises profit outlook 12% on share valuation gain
(Reuters) Japan’s Panasonic Corp raised its full-year operating profit outlook by 12% on Thursday, helped by a share valuation gain and demand for automotive batteries and factory automation equipment. To read this article:
GM beats Wall Street’s third-quarter estimates, guides toward ‘high end’ of 2021 earnings forecast
(CNBC) General Motors on Wednesday topped Wall Street’s earnings and revenue estimates for the third quarter, while telling investors its full-year results would be at the “high end” of its previous guidance. The third quarter was expected to be a […]
This industrial giant reporting Thursday has a ‘must-listen earnings call,’ portfolio manager says
(CNBC) Caterpillar earnings are on deck Thursday morning, and one question on investors’ minds could be how a slowdown in China has impacted the business. The industrial giant generates a quarter of its sales from the Asia-Pacific region. China, the […]
The picture won’t be pretty for third-quarter economic growth, but it should get better
(CNBC) The U.S. economic recovery slowed sharply in the previous three months, as products remained stranded at normally bustling ports, employers struggled to find workers and consumers battled with rising prices. When the Commerce Department releases Thursday its first estimate […]
Hedge fund Third Point buys stake in Shell, urges breakup
(Reuters) Hedge fund Third Point has built a large stake in Royal Dutch Shell and called on the oil major to split into multiple companies to increase its performance and market value. To read this article:
U.S. SEC will not greenlight leveraged bitcoin fund
(Reuters) The U.S. Securities and Exchange Commission (SEC) has asked at least one asset manager to scrap plans for a leveraged bitcoin exchange-traded fund, the Wall Street Journal reported on Wednesday, citing a person familiar with the matter. The SEC […]
Alphabet reports better-than-expected quarterly profit and revenue
(CNBC) Google’s advertising revenue rose 43% to $53.13 billion, up from $37.1 billion the same time last year and slightly higher than the prior quarter. YouTube ads rose to $7.21 billion, up from $5.04 billion a year ago. To read […]
Deutsche Bank posts fifth straight quarter of profit despite slide in trading revenues
(CNBC) Deutsche Bank reported a fall in revenues at its investment banking unit on Wednesday, but still managed to beat expectations and report its fifth consecutive quarter of profit. The bank reported a net income of 194 million euros ($225 […]
Microsoft beats revenue expectations, reporting 22% growth
(CNBC) Microsoft shares edged 2% higher in extended trading Tuesday after the software and hardware maker reported fiscal first-quarter earnings that exceeded analysts’ estimates. To read this article:
Robinhood shares tank as revenue falls way short of expectations on lighter crypto trading
(CNBC) Stock trading app Robinhood reported Tuesday a huge revenue miss for the third quarter, as cryptocurrency trading dropped off. Robinhood said that, barring any change in the market environment, the headwinds that dragged down last quarter — like lower retail […]
Stock futures are flat after Dow, S&P close at records
(CNBC) U.S. stock index futures were little changed during overnight trading on Tuesday after the Dow and S&P closed at record highs as earnings season continues. Futures contracts tied to the Dow Jones Industrial Average and S&P 500 were flat. […]