Category Archives: Syndicated
AI could drive a natural gas boom as power companies face surging electricity demand
(CNBC) After a decade of flat power growth in the U.S., electricity demand is forecast to grow as much as 20% by 2030, according to a Wells Fargo analysis published in April. Power companies are moving to quickly secure energy […]
Stock futures rise after Apple reports, traders brace for April payrolls data: Live updates
(CNBC) Stock futures rose Thursday night as investors prepared themselves for the upcoming April jobs report, due Friday morning. Futures tied to the Dow Jones Industrial Average gained 232 points, or 0.6%. S&P 500 futures rose nearly 0.3%, while Nasdaq 100 futures advanced about 0.6%. In […]
Coinbase reports first-quarter revenue beat after bitcoin rally leads to surge in profit
(CNBC) Coinbase, the primary marketplace in the U.S. for buying and selling digital tokens, reported net income of $1.18 billion, or $4.40 per share, compared to a year-ago loss of $78.9 million, or 34 cents a share. In February, the company […]
Sony and Apollo send letter expressing interest in $26 billion Paramount buyout as company mulls Skydance bid
(CNBC) Sony Pictures and private equity firm Apollo Global Management have sent a letter to the Paramount Global board expressing interest in acquiring the company for about $26 billion, according to people familiar with the matter. To read this article:
Apple’s falling iPhone sales don’t bother Wall Street so long as margins, buybacks are increasing
(CNBC) A 10% decline in iPhone sales sounds like a problem for Apple, considering the company counts on the devices for half its revenue. But investors didn’t seem to mind on Thursday, when Apple revealed the year-over-year drop in its fiscal […]
Rokos extends YTD gains to 20%
(Hedgeweek) Rokos Capital Management, the hedge fund run by Brevan Howard Co-Founder Chris Rokos, has extended its year-to-date gains to around 20%, affirming its position as one of the best performing macro firms so far in 2024, according to a […]
Block shares jump on better-than-expected first-quarter results
(CNBC) Block, formerly known as Square, posted $2.09 billion in gross profit, up 22% from a year ago. Analysts tend to focus on gross profit as a more accurate measurement of the company’s core transactional businesses. The company reported net […]
Here’s what to expect from the April jobs report on Friday
(CNBC) Hiring likely continued at a brisk pace in April as investors look for any cracks in the labor market that could sway the Federal Reserve. Nonfarm payrolls are expected to show a gain of 240,000 for the month, according […]
Stock futures rise after Fed decides to hold rates steady: Live updates
(CNBC) Stock futures advanced Wednesday night as investors looked ahead to more corporate earnings due Thursday and key labor data set for later in the week. Dow Jones Industrial Average futures added 80 points, or 0.2%. S&P 500 futures climbed about 0.3%. Nasdaq 100 […]
Amazon CEO Andy Jassy broke federal labor law with anti-union remarks
(CNBC) Amazon CEO Andy Jassy violated federal labor law in comments he made to media outlets about unionization efforts at the company, a National Labor Relations Board judge ruled Wednesday. To read this article:
Fed meeting recap: Powell pretty much rules out a hike as the central bank’s next move
(CNBC) Federal Reserve Chair Jerome Powell said it was unlikely that the central bank’s next move will be a rate hike. The comment spurred a rally for the three major averages, with the Dow surging more than 500 points in […]
Qualcomm gives better-than-expected revenue forecast as company pushes AI-powered smartphones
(CNBC) Qualcomm said it expected between $8.8 billion and $9.6 billion in sales in the current quarter, higher than Wall Street expectations of $9.05 billion. Analysts were looking for earnings guidance of $2.17 per share, versus the company’s forecast of […]