Financial Performance
- Tech
Snap, Twitter Show Where the Party Is
Social media made a splash on Thursday as its second-quarter earnings kicked off. Both Twitter Inc. and Snap , Inc.…
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Opinion: Amazon’s stock looks tired. Consider buying shares of these five fast-growing e-commerce plays instead
Jeff Bezos has plenty of achievements under his belt, the most recent being his extraterrestrial excursion. But Amazon.com AMZN, +0.45%…
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AT&T Lifts Revenue Expectations on Wireless Growth
AT&T Inc. said its core telecommunications profits are growing even as its Hollywood footprint is about to shrink, underscoring its…
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Intel CEO Says Chip Shortage Could Stretch Into 2023
Intel Corp. Chief Executive Pat Gelsinger sees the global semiconductor shortage potentially stretching into 2023, adding a leading industry voice…
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Intel says chip shortage could drag into 2023 as outlook barely clears Street view
Intel Corp. shares weakened in the extended session Thursday after the chip maker’s outlook barely surpassed the Wall Street consensus…
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Snap crushes earnings expectations as revenue more than doubles
Snap Inc. saw revenue more than double in the latest quarter, easily topping expectations amid a continued rebound in the…
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Intel stock ticks lower as outlook barely clears Wall Street expectations following beat
Intel Corp. shares weakened in the extended session Thursday after the chip maker topped expectations, but its outlook barely surpassed…
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AT&T tops earnings expectation as wireless churn matches record low
AT&T Inc. topped expectations with its latest financial results as the telecommunications giant continued to see low customer churn in…
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JPMorgan boss Jamie Dimon pockets fresh retention bonus
JPMorgan Chase’s board gave Jamie Dimon new stock options as a retention bonus, signaling that the largest US bank wants…
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Wealth manager Wren Sterling confirms sale talks
Wealth manager Wren Sterling’s sale talks have ended with a management buyout. A number of bidders were vying for the…
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Crypto Exchange FTX Valued at $18 Billion in Funding Round
FTX raised $900 million in a new funding round that closed Tuesday. Participants in the round included Japanese technology investor…
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Netflix says subscriber gains won’t bounce back as fast as Wall Street wants, stock falls
Netflix Inc. shares fell in after-hours trading Tuesday, after the streaming service revealed its worst quarter yet for adding new…
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10 software stocks with sales expected to increase up to 174% through 2023
Investors looking for bargains in an expensive stock market might be better off focusing on sales growth as an indicator,…
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Clifford Chance partner profit hits record £1.8m
Clifford Chance partners are set for their highest-ever pay day after the firm delivered a record final quarter to make…
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European stocks and U.S. futures rebound after worst rout in months
European stocks rose and U.S. futures gained ground on Tuesday, setting a partial recovery after the worst session in the…
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Greensill scandal spotlights risks of non-bank finance sector
The Greensill Capital scandal has shone a spotlight on the risks involved with non-bank firms spreading into areas of finance…
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IBM stock gains after earnings show second consecutive quarter of sales growth
International Business Machines Corp. reported revenue growth for a second consecutive quarter Monday afternoon, beating expectations and sending shares higher…
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22 stocks, including Carnival and Zoom, that are down 30% or more from 52-week highs
(The initial version of this article featured an incorrect list. This has now been corrected.) You would think that with…
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PwC partners expect 19% profit share increase amid booming advisory market
Partners at PwC are set to take home a record profit share following a strong pandemic performance by the Big…
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Wise to go public via direct listing
London-based money transfer fintech Wise has announced it is planning to go public via a direct listing on the London…
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Allen & Overy profit per equity partner soars 17% to £1.9m in ‘hottest market I can remember’
Magic Circle law firm Allen & Overy profit per equity partner has increased 17% to £1.9m on the back of…
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GameStop, AMC: Have the meme stocks had their day?
AMC Entertainment Holdings and GameStop swung wildly on 15 July, extending a bout of volatility that has delivered deep cuts…
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A benchmark-beating robot thinks AMC will outperform Facebook and GameStop. It likes these other stocks, too.
An exchange-traded fund run by artificial intelligence bought AMC stock at the beginning of July, preferring shares in the cinema…
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These 8 low-profile electric-vehicle stocks can soar after bold new climate plan unveiled, analysts say
The European Union has unveiled one of the world’s most ambitious plans to tackle climate change in a program that…
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Bank of America follows Wall Street rivals with sharp trading decline as Covid boom fades
Bank of America’s trading revenues slipped by nearly 20% in the second quarter as the boom that has supported banks…
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Citigroup M&A fees surge as profit beats analyst targets
A slide in Citigroup’s fixed income trading unit hit overall revenues in the second quarter, despite a surge in M&A…
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‘Earnings are better, valuations are cheaper.’ Here are 18 small-cap stock ideas from Jefferies
How long can the Federal Reserve hold off before tapping the brakes on its ultra accommodative monetary policy? The biggest…
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JPMorgan’s investment bank slips by 19% as trading boom wanes
JPMorgan’s investment bank slipped in the second quarter as the boom in trading revenues throughout the Covid-19 crisis has finally started…
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19 dividend stocks to help you combat inflation
Consumers and investors may be alarmed by rising prices. But a combination of prudent spending and investing can help these…
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BlackRock nears $10tn in assets as profits beat estimates
BlackRock second-quarter profit rose 14% on new money coming into the giant asset manager, a sign that investors are becoming…
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KPMG UK books £115m profit from pensions business sale
KPMG UK made £115m from the sale of its pension business in a private equity-backed management buyout last year, latest accounts…
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Apple, Microsoft and Google stocks close at record highs
For the third time this year, shares of Apple Inc., Google parent Alphabet Inc., and Microsoft Corp. closed at record…
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These big tech stocks, including Square and Tesla, are expected to show the best sales growth as the U.S. economy expands
You might be alarmed when you see headlines about the rising cost of living. But the increase in consumer prices…
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Behind the deal: How Wise’s listing took UK markets by storm
It’s been almost a week since the launch of Wise’s shares on the London Stock Exchange, and the payments company is…
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Bank of England lifts bank dividend ban
The Bank of England has lifted its emergency restrictions on UK-based banks paying dividends, arguing that the sector “remains well capitalised…
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20 stocks that could rise as much as 39% as this key metric keeps improving
This has been another excellent year for U.S. stocks — so far — as the S&P 500 has returned 17%,…
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Bank profits predicted to spike as JPMorgan, Goldman Sachs and more line up results
The economic recovery is looking good for the biggest U.S. banks. Major players such as JPMorgan and Citigroup are expected this week to report…
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Why high-quality firms have comfortably outperformed the S&P 500 recently
Trust is one of the most valuable assets a company can cultivate. Within an organisation, trust percolates into culture. Outside…
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U.S. wholesale inventories surge in May as businesses rush to keep up with strong sales
Inventories at U.S. wholesalers rose a sharp 1.3% in May as businesses rushed to keep up with a flood of…
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A Tesla ‘death cross’ is coming, the first in more than 2 years
Barring a massive rally, Tesla Inc.’s stock chart will produce the first bearish “death cross” pattern in more than two…
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Robinhood IPO to get cold shoulder from Reddit’s meme-stock army
Armchair retail traders are divided ahead of the upcoming flotation for stock investing app Robinhood, as users who once piled…
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Apple stock on track for first record close since January
Shares of Apple Inc. are on track to post their first record close since January as the shares head for…
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AMC stock drops after company decides to not ask stockholders if it can issue more shares
Shares of AMC Entertainment Holdings Inc. fell again Tuesday, erasing earlier gains, after the movie theater chain disclosed it will…
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Amazon stock rides to record as JEDI deal gets canceled on new CEO’s first day
Amazon.com Inc. shares notched their first record close in more than 10 months Tuesday, when a new chief executive was…
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Pentagon abruptly cancels $10 billion JEDI cloud contract
The Defense Department on Tuesday abruptly canceled a 10-year, $10 billion cloud-computing contract it awarded to Microsoft Corp., which had…
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Morrisons bidding war continues as Apollo weighs counter offer
Apollo Global Management said Monday it is considering making a bid for grocery chain WM Morrison Supermarkets, setting up a potential three-way…
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Torrid IPO: 5 things to know about the plus-size retailer as it hits public markets
Shares of Torrid Holdings Inc., which says it’s North America’s largest direct-to-consumer provider of women’s plus-size clothing and intimates by…
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Deutsche Bank kicks off hiring spree after 18,000 job cuts and retreat in key units
Two years on from a radical overhaul and a brutal cull of its employee ranks, Deutsche Bank is changing its…
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Spacs and M&A deals push FinnCap’s revenues up 79%
City broker finnCap Group reported record revenues of £46.6m in the year ended 31 March 2021, up 79% from £26m the year…
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Robinhood to pay $70m in settlement with watchdog
Robinhood Financial LLC has agreed to pay nearly $70m to resolve sweeping regulatory allegations that the brokerage misled customers, approved…
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