Nvidia headquarters in Santa Clara, California, June 5, 2023.Marlena Sloss | Bloomberg | Getty ImagesCheck out the companies making headlines in extended trading.Splunk — Shares added 11% after an earnings beat. Splunk earned 71 cents per share, after adjustments, on $911 million in revenue. Analysts polled by FactSet had...
Trader sentiment has improved in the early stages of the third quarter but there are still significant challenges according to a new survey from Charles Schwab. There has been a notable drop in the share of respondents who think the U.S. faces a recession – 69% compared to 86% in...
In the wake of restructuring efforts to distance itself from its founder, Leon Black, Apollo Global Management has another problem. On Wednesday, a lawsuit was lodged claiming that the company wrongfully agreed to pay $570 million for the personal tax bills of its key executives. The changes, hastily put in...
The prospect of global interest rates remaining higher for longer is tipping the case for many investors to switch into bonds from stocks. Fixed income offers a 180-basis-point yield premium over the dividend returns from stocks, according to data compiled by Bloomberg. That’s the widest in 15 years, and the...
R. Kelly’s royalties of more than $500,000 held by Universal Music Group NV must be turned over to his sexual-abuse victims, a US judge ruled. US District Judge Ann Donnelly, in Brooklyn, New York, signed an order Wednesday directing Universal Music Group to turn over the money to satisfy unpaid...
India staked new claim as a national superpower in space on Wednesday, landing its Chandrayaan-3 mission safely on the moon's unexplored south pole.The Chandrayaan-3 spacecraft launched last month and touched down on the lunar surface around 8:34 a.m. ET.The feat makes India the fourth country to land on the...
Fintech Review still has the same mission as when it launched in January 2020. What continues to guide us is this strong desire to understand what is going in fintech around the world. Share our views on what is shaping finance today and what will happen tomorrow. It also...
Goldman Sachs Group Inc., Morgan Stanley, JPMorgan Chase & Co. and UBS agreed to pay nearly $500 million to settle an antitrust class action by U.S. pension funds over the banks’ control of the market for stock loans used for hedging and short selling. According to a Wednesday court filing by the...