Analyst Reiterates Bullish Position on Sports Betting Stock
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30Oct
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30Oct
Israel-Hamas war poses risk of global market contagion, economist says
Mohamed Aly El-Erian, chief economic advisor for Allianz SE, during a Bloomberg Television interview in London, UK, on Monday, Sept. 25, 2023. El-Erian spoke alongside former UK Prime Minister Gordon Brown and economist Michael Spence, his co-authors for their book Permacrisis: A Plan to Fix a Fractured World. Photographer: Chris Ratcliffe/Bloomberg...
30Oct
‘Five Nights at Freddy’s’ dominates Halloween box office
A scene from the film "Five Nights at Freddy's"Universal PicturesIf anything was going to topple Taylor Swift at the box office, it had to be a killer animatronic bear, right?"Five Nights at Freddy's," the new Universal-Blumhouse horror offering set in an abandoned Chuck E. Cheese-type kids' pizza parlor, scored...
30Oct
MCD, SOFI, INVH and more
Check out the companies making headlines in premarket trading. East West Bancorp — Shares ticked up 2.6% after UBS upgraded them to buy on the back of strong third-quarter results. UBS also highlighted the company's potential balance sheet strengthening and capital return efforts heading into the fourth-quarter. McDonald's —...
30Oct
Canadian auto union reaches deal with Stellantis after brief strike
Lana Payne celebrates on stage as Unifor, Canada's largest private-sector union, announce Payne as their new president to replace outgoing leader Jerry Dias in Toronto, Ontario, Canada, Aug. 10, 2022.Cole Burston | ReutersDETROIT — Canadian union Unifor and Stellantis have reached a tentative agreement early Monday morning, ending a...
30Oct
Former UBS leader becomes new CEO at Advisor Credit Exchange
Advisor Credit Exchange has added two former UBS senior leaders as its new CEO and COO. The tech platform that enables investment firms and advisors to access lending and cash management solutions was co-founded by Peter Stanton, who has decided to step down as chief executive but will remain with...
30Oct
Schroders Capital launches $30B private debt and credit business
The fast growth and future potential of private markets have prompted specialist private assets firm Schroders Capital to launch a new unit. With an initial $30 billion AUM and 100 investment professionals, the Private Debt and Credit Alternatives unit will bring together the firm’s real asset debt, structured and corporate...
30Oct
Fed expected to pause again, key global data ahead
Employers in the US probably tempered their pace of hiring this month after beefing up payrolls by the most since the start of the year, consistent with a sturdy labor market that’s powering economic expansion. Government data on Friday are projected to show payrolls in the world’s largest economy increased...
30Oct
Jamie Dimon to sell $141M JPMorgan shares
JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon plans to sell shares currently worth about $141 million, the first such transaction since he took the helm at the Wall Street giant almost 18 years ago. Starting next year, Dimon and his family will dispose of 1 million of the...
30Oct
It’s time to short European bank stocks, say Wall Street strategists
Following a strong performance by European banking stocks this year, investors should now bet on declines in the sector as lenders are at risk from a looming peak in bond yields, according to JPMorgan Chase & Co. strategists. Any drop in yields, or interest-rate cuts by the European Central Bank...