Tag: business

April 15, 2024

Shares of Trump Media plunged more than 13% on Monday after the company filed to issue millions of additional shares of stock. Trump Media’s dramatic slide came as Donald Trump headed to a Manhattan court to begin jury selection for […]

March 28, 2024

Historians believe that the Ancient Mayans used cocoa beans as a form of currency, trading them and possibly even using them to pay workers. Centuries later, we prefer to eat the stuff – preferably in the form of a chocolate […]

March 26, 2024

Tuesday, GLJ Research maintained a Sell rating on Tesla shares (NASDAQ:TSLA) with a price target of $23.53, revising down its Q1 delivery estimates due to softening demand in China and the United States, coupled with sluggish European sales in recent […]

March 21, 2024

On Thursday, Mizuho Securities adjusted its outlook on Herbalife (NYSE:HLF) Nutrition Ltd. (NYSE:HLF), reducing the price target to $10 from the previous $12, while keeping a Neutral rating on the stock. This change comes in the wake of the company’s announcement on […]

March 11, 2024

There are just a few weeks left to make use of you ISA allowance and many will be questioning if they are better off putting their money into a cash or stocks and shares tax wrapper. The rates on cash […]

March 8, 2024

U.S. stocks inched broadly higher on Friday after a widely-anticipated labor market report showed that the American economy added more jobs than expected last month, although January’s blockbuster number was revised sharply lower. By 09:40 ET (14:40 GMT), the S&P […]

March 1, 2024

New York Community Bancorp (NASDAQ:CTBI) shares plunged nearly 26% on Friday after it replaced its CEO, reported a fourth-quarter loss that was more than 10 times what it previously stated and said it found “material weaknesses” in internal controls related […]

February 29, 2024

Shares of New York Community Bancorp fell more than 26% on Friday after the regional lender announced a leadership change and disclosed issues with its internal controls. The regional bank announced after market close on Thursday that Alessandro DiNello, its […]

February 27, 2024

Oil prices pulled back in Asia on Wednesday as the prospect of a delay in the U.S. rate-cutting cycle and a rise in U.S. crude stocks offset a boost on Tuesday from news OPEC+ might extend its output cuts. Brent […]

February 26, 2024

As we get into ISA season, you may be looking at ways to make use of your allowance before the cut-off on 5 April 2024. ISAs are a great way to keep your savings shielded from the taxman, especially as […]

February 26, 2024

Boeing’s push to improve its safety culture after two 737 MAX crashes is falling short, according to a panel tasked with reviewing the plane maker’s practices following the accidents. The independent panel established by the Federal Aviation Administration found a […]

February 26, 2024

A spot Ethereum ETF is the latest talk of the market, and the anticipation is building on whether – if approved – it could replicate the success of its Bitcoin counterparts. An Ethereum ETF would allow investors to invest in […]

February 23, 2024

Pitigoi’s exit from San Jose, California-based payments giant PayPal comes on the heels of another senior finance exec’s departure. Earlier this month Gabrielle Rabinovitch left the company to take the top financial seat for merchant payments provider Worldpay after serving […]

February 22, 2024

HSBC’s full-year 2023 pretax profit missed analysts’ estimates on Wednesday, hit by impairment costs linked to the lender’s stake in a Chinese bank, sinking its London-listed shares as much as 7%. Europe’s largest bank by assets saw its pre-tax profit […]

February 21, 2024

Oil and gas producers Chord Energy CHRD -3.04% and Enerplus plan to combine in an $11 billion deal. The companies said Wednesday that the deal would be 90% in stock and 10% in cash. Chord shareholders would control about two-thirds […]

February 21, 2024

A weak Yen helped Japanese exports boom in January with the latest trade data showing overseas sales soaring to a record high. Exports increased by 11.9% to 7.33 trillion Yen, while imports fell by 9.6%. Today’s data revealed that the […]

February 20, 2024

Asian stocks eased on Wednesday as diminishing expectations of early interest rate cuts from the Federal Reserve sapped risk appetite, with investors looking to the minutes of the U.S. central bank’s last meeting for clues on the policy outlook. MSCI’s […]

February 20, 2024

Most major Asian chipmaking stocks moved in a flat-to-low range on Wednesday, tracking overnight declines in NVIDIA Corporation (NASDAQ:NVDA) as markets awaited more cues on an AI-driven boom from the chipmaker’s fourth-quarter earnings. Nvidia wiped out about $100 billion in […]

February 19, 2024

U.S. asset manager Davidson Kempner, owner of Britain’s Oak Furnitureland, is in discussions with British fashion retailer Superdry co-founder Julian Dunkerton about backing an offer for the clothing company, Sky News reported on Monday, without citing a source. The talks […]

February 19, 2024

US equity and bond markets are closed for the day – US Presidents’ Day holiday – and this will weigh on market activity across a range of asset classes. Activity over the rest of the week should pick up with […]