Market News
Choice Hotels Unveils $7.8 Billion Takeover Offer For Wyndham
Wall Street Journal - 17 Oct 2023 18:22
Wyndham rejects the offer, saying it involves significant business and execution risk.
Goldman Sachs Reports 33% Profit Drop
Wall Street Journal - 17 Oct 2023 15:56
The bank is pinning much of its hopes on its asset and wealth-management unit. Quarterly revenue in that business fell 20%.
Starboard Takes 5%-Plus Stake in Contract-Research Firm Fortrea
Wall Street Journal - 17 Oct 2023 02:30
The activist investor plans to push for changes that could boost margins among other initiatives aimed at share-price appreciation.
United Airlines says pricier fuel, war in Middle East will weigh on profits
CNBC - 17 Oct 2023 22:45
United Airlines said higher fuel costs and its halt of service to and from Tel Aviv will cut into its bottom line in the last three months of the year.
Bond Yields Hit Fresh Multiyear Highs After Hot Retail Sales Data
Wall Street Journal - 17 Oct 2023 22:39
S&P 500 closes almost unchanged.
Bondholdings Become Less of a Burden at Bank of America, Other Big Banks
Wall Street Journal - 17 Oct 2023 18:22
Fixed-rate bonds that lost value as interest rates rose can even help out in some ways.
Daily Dividend Report: Whirlpool, Bank Of NY Mellon, Albertsons, Sherwin-Williams, Ford
Forbes - 17 Oct 2023 18:07
Daily Dividend Report: Whirlpool, Bank Of NY Mellon, Albertsons, Sherwin-Williams, Ford
Retail Sales Get Real
Wall Street Journal - 17 Oct 2023 17:07
The prices for many of the goods that retailers sell have been falling.
Is it advisable to draft separate wills for each of my properties?
livemint.com - 17 Oct 2023 17:00
Though you can create multiple wills for multiple assets, it will create immense confusion between the beneficiaries and the distribution of the assets.
How you can save tax on old investments in debt funds
livemint.com - 17 Oct 2023 16:47
The Union Budget 2023 removed the tax advantage for debt mutual funds, taxing all capital gains at the investors' slab rate. However, investors can still benefit from the old tax rules by keeping their old investments un...
Nucor: Steel Titan Rising
Forbes - 17 Oct 2023 16:40
I expect to see an increase in demand for a key building block behind those leaps: steel.
This 'Boring' Market Is Our Key To 10% Dividend Payouts
Forbes - 17 Oct 2023 16:35
The "boring" truth is that what we've been seeing is nothing more than a transition from a panicked market to a more normal one.
Lucid shares fall after third-quarter EV deliveries disappoint
CNBC - 17 Oct 2023 16:27
Lucid's third-quarter deliveries fell short of Wall Street expectations
Engaged Capital Builds Stake in North Face, Vans Owner
Wall Street Journal - 17 Oct 2023 15:37
Engaged Capital has built a big stake in VF, owner of retail brands including Vans and The North Face, and plans to push for a slew of changes including steep cost cuts.
What's Next For PepsiCo Stock After A Q3 Beat?
Forbes - 17 Oct 2023 15:00
PepsiCo (NYSE: PEP) recently reported its Q3 results, with revenues and earnings beating our estimates.
Should You Pick Delta Stock At $34 After Q3 Beat?
Forbes - 17 Oct 2023 14:00
Delta (NYSE: DAL) recently reported its Q3 results, with revenues falling in line and earnings beating our estimates.
Bank of America tops profit estimates on better-than-expected interest income
CNBC - 17 Oct 2023 13:53
Bank of America was supposed to be one of the big beneficiaries of higher interest rates. Instead, the stock has been the worst performer among peers this year.
Johnson & Johnson beats on earnings and hikes outlook as medtech, pharmaceutical sales surge
CNBC - 17 Oct 2023 13:16
It marks J&J's first quarterly results since the company completed the separation from its consumer health spinoff Kenvue in August.
Down 12% YTD Will General Motors Q3 Earnings Help It Rebound?
Forbes - 17 Oct 2023 13:00
General Motors is expected to publish its Q3 2023 results on October 24, reporting on a quarter that saw the company's U.S. deliveries witness strong gains amid a favo...
Rite Aid Is Filing For Bankruptcy: Here's What's Happened
Forbes - 17 Oct 2023 13:00
The company has come under increased pressure for their high levels of debt, as well as ongoing litigation stemming from the opioid epidemic
What To Expect As Juniper Publishes Its Q3 Results?
Forbes - 17 Oct 2023 12:00
The macro environment is also likely to be less conducive to networking-related spending.
Pfizer Looks for a Covid Bottom
Wall Street Journal - 17 Oct 2023 12:00
The pharma giant has had to slash projections, but investors welcome its plans to cut costs.