Check out the companies making headlines before the bell. WeWork — Shares plunged 35.5% following a report in the Wall Street Journal that the shared workspace company is planning to file for Chapter 11 bankruptcy protection as soon as next week. Advanced Micro Devices — The chipmaker dipped more...
A "Now Hiring" sign at a CVS pharmacy in San Francisco, California, US, on Tuesday, July 18, 2023. CVS Health Corp. is scheduled to release earnings figures on August 2.Bloomberg | Bloomberg | Getty ImagesPrivate sector payroll growth increased modestly in October but missed expectations, in a potential sign...
A wave of disruptive technology is reshaping the wealth management industry. New ESG screening tools, generative AI and conversational ChatGPT marketing have helped firms elevate their offerings, increase advisor productivity and deepen and expand client relationships in a highly personalized and holistic manner. This modernization process is also reshaping...
Sign for the food brand Pizza Hut on 30th May 2022 in Birmingham, United Kingdom. (photo by Mike Kemp/In Pictures via Getty Images)Mike Kemp | In Pictures | Getty ImagesYum Brands on Wednesday reported quarterly revenue that fell short of analysts' expectations, hurt by weak same-store sales growth at...
In a groundbreaking decision that has sent shockwaves through the real estate industry, the United States’ premier real estate brokerage firms have been held responsible for a staggering $1.8 billion in damages. This verdict comes after allegations of a seven-year conspiracy to compel homeowners to pay substantial commissions to...
Wayfair IPO on the floor of the New York Stock Exchange.Lucas Jackson | ReutersWayfair is inching closer to profitability, but its third-quarter results still fell short of revenue expectations as the home market continues to be under pressure. Here's how the online furniture retailer did during the period compared with...
The private credit market is gaining traction as investors across the spectrum seek better returns and greater diversification. A new report from private credit platform Percent and Coalition Greenwich shows that 63% of respondents – largely asset managers, hedge funds and wealth managers in family offices and RIAs – plan...
Kestra Private Wealth Services has added two teams to its network, with a combined $850 million in client assets. Kindred Wealth Partners in Pittsburgh is led by senior managing partners Charles Palmer, Sean O’Riordan and Randall Klaiber, who were previously with Morgan Stanley Wealth Management. The $650 million team is supported...
U.S. stock futures slipped and Treasuries edged higher ahead of the Federal Reserve interest-rate decision and the US government’s new borrowing plan. Contracts on the S&P 500 and the Nasdaq 100 dropped by about 0.3%. WeWork Inc. plunged 42% in premarket trading after the Wall Street Journal reported that the...