Market News
First Horizon Stock Plunges 43% As TD Abandons $13.4 Billion Takeover
Forbes - 4 May 2023 15:04
Toronto-Dominion (TD) broke free of $13.4 billion deal to overpay for First Horizon
Elizabeth Warren Seeks Information From First Republic's Former CEO
Wall Street Journal - 4 May 2023 15:00
The senator is asking about his and other executives' pay, their support for rolling back bank regulations and management practices ahead of the bank's collapse.
Ferrari profit jumps 24% as demand pushes waiting list into 2025
CNBC - 4 May 2023 14:49
Ferrari's EBIT profit margin, a widely-watched figure, increased a full percentage point to 26.9%.
Warren Buffett Has Been Betting Big on Oil. It's Time to Find Out Why.
Wall Street Journal - 4 May 2023 11:30
One of the most successful stock pickers of all time admitted years ago that he was "dead wrong" on an earlier oil-company investment. What's changed?
Shell beats expectations with $9.6 billion in first-quarter profit, boosted by fuel trading
CNBC - 4 May 2023 11:09
British oil giant Shell on Thursday posted stronger-than-anticipated first-quarter profit, extending a record run of bumper results.
This 31% Dividend Is A Disaster
Forbes - 4 May 2023 16:48
Fundamentally, FRC (and other banks, for this matter) are flawed, perhaps fatally so.
Ex-OpenSea Worker Found Guilty in First NFT Insider-Trading Case
Wall Street Journal - 4 May 2023 00:07
Nathaniel Chastain is convicted of using confidential information to trade on digital tokens.
Salad chain Sweetgreen reports narrowing losses as it aims for profitability
CNBC - 4 May 2023 23:55
The salad chain's traffic increased 2% during the quarter, helping boost same-store sales by 5%.
Crypto Exchange Coinbase Posts Loss, but Beats Expectations
Wall Street Journal - 4 May 2023 23:52
The company posted a fifth straight quarter of losses as individual investor enthusiasm for crypto trading on the platform remains stagnant.
TurboTax Paying $141 Million to Taxpayers Who Could Have Filed for Free
Wall Street Journal - 4 May 2023 21:55
The payments are part of a 2022 settlement over online ads that sent customers to TurboTax's paid service.
Kenvue IPO: Profitable Company, Expensive Stock
Forbes - 4 May 2023 21:02
At its expected valuation, KVUE looks fully valued and does not provide investors with much upside potential.
PacWest and the Bank Confidence Genie
Wall Street Journal - 4 May 2023 20:49
Shares of the regional bank are tanking as traders start to price in a "burned down" book.
Why automated payslips are essential for both employers and employees
livemint.com - 4 May 2023 19:50
Automated payslips serve as a vital record for loans or other financial products
Paramount's Slashed Dividend Will Cost It
Wall Street Journal - 4 May 2023 19:04
The involvement of Warren Buffett, who highly values dividend payers, has helped sustain Paramount's stock through the streaming market's reset.
How Investors Can Evaluate Reg A+ and Reg CF Private Offerings
Wall Street Journal - 4 May 2023 19:00
Companies have been using these options to raise money in recent years. But investors should be wary.
Earnings Preview: What To Expect From Apple Today
Forbes - 4 May 2023 18:22
Apple Inc. is scheduled to report earnings after today's close. Here's a closer look.
Crypto Firms Find a Way to Bank Without Banks
Wall Street Journal - 4 May 2023 18:00
Middlemen companies are providing banking services to the nascent industry.
In Retirement, We Have More Time Than Ever. But We Want to Use It Wisely.
Wall Street Journal - 4 May 2023 17:00
We have fantasized about this moment for decades. The trick is learning how to savor it.
Regional-Bank Shares Dive as Investors Fret About Contagion
Wall Street Journal - 4 May 2023 15:50
PacWest Bancorp and First Horizon shares fall as investors wonder how much further regional-banking problems could spread.
Shopify cuts 20% of its workforce; shares surge on earnings beat
CNBC - 4 May 2023 15:49
The cuts represent the second round of layoffs for Shopify in the last year.
Paramount Global shares fall 25% after weak earnings report, dividend cut
CNBC - 4 May 2023 15:49
Paramount Global shares plummet as company cuts dividend and earnings miss estimates.
Moderna posts surprise quarterly profit despite waning demand for Covid vaccines
CNBC - 4 May 2023 15:30
Moderna maintained its full-year guidance of around $5 billion in revenue from its Covid vaccine, its only marketable product.