Category: Capital

January 20, 2020

A new report found that the world’s 2,153 billionaires have more wealth than 4.6 billion people, underscoring the degree of global inequality. The Oxfam International study, released Monday and dubbed “Time to Care,” shows that the number of billionaires has […]

December 5, 2019

Citi raised its price target on Apple’s stock to $300 from $250, as the firm told investors it expects stronger sales and profits this holiday gift-giving season in a note titled “Why this Christmas is Different for Apple.” Apple shares […]

November 5, 2019

U.S. corporate earnings are proving to be a lot more resilient than many Wall Street analysts were expecting only a few short weeks ago. Nearly three-fourths of companies in the S&P 500 have reported their third-quarter results so far. In […]

October 15, 2019

BlackRock (BLK – Get Report) reported third-quarter earnings of $7.15 a share, beating estimates of $6.96, as the money manager reported $84 billion of quarterly net inflows, up from a year-earlier loss of $3.11 billion. The company reported year-earlier adjusted […]

September 18, 2019

Shares of FedEx Corp. tanked after the logistics company missed profit expectations for its fiscal first quarter and lowered its outlook for fiscal 2020 thanks to “increasing trade tensions” and weaker global economic conditions. FedEx FDX, -0.16% said late Tuesday […]

September 10, 2019

Shares of AT&T Inc. surged in heavy volume Monday to an 18-month high, after an activist investor that recently purchased a large stake in the telecom and media giant outlined a plan that it believes will boost the stock by […]

August 15, 2019

Fears of a domestic slowdown and the escalation of the U.S.-China trade war created plenty of headaches for shareholders this summer. But even after dramatic market swoons in May and August, investors still seem willing to pay top dollar for […]

July 17, 2019

Bill Gates has never ranked lower than No. 2 in the seven-year history of the Bloomberg Billionaires Index. That run ended Tuesday when the Microsoft Corp. co-founder dropped to No. 3 behind France’s Bernard Arnault. LVMH, Arnault’s luxury-goods maker, advanced […]

June 28, 2019

Snap Inc.’s recent rally has burned short sellers, who have been rushing to cover their bearish positions as shares of the social-media company climbed. A Snap SNAP, -0.88% short squeeze began in February, said S3 Partners analyst Ihor Dusaniwsky, and […]

June 17, 2019

Huawei has confirmed that it is anticipating a giant drop in smartphone sales this year after it was blacklisted by US President Donald Trump’s administration. Speaking at a livestreamed event at Huawei’s headquarters in Shenzhen on Monday, the company’s founder […]