New Chairman, Credit Downgrade Impact Bank Stock
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07Feb
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07Feb
Roblox (RBLX) Q3 2023 earnings
David Baszucki, chief executive officer and co-founder of Roblox Corp., speaks during a Bloomberg Studio 1.0 television interview in San Francisco, California, on Thursday, April, 21, 2022.David Paul Morris | Bloomberg | Getty ImagesRoblox reported results for the fiscal fourth quarter on Wednesday that beat consensus estimates on the...
07Feb
SNAP, UBER, CMG & more
Check out the companies making headlines in premarket trading. Snap — The social media stock tumbled 32.2% on Wednesday morning, a day after the company posted worse-than-expected revenue and offered weak guidance. Snap said it was facing headwinds from the Israel-Hamas war. Alibaba — The Chinese e-commerce giant rose...
07Feb
How to Trade Psychological Milestones
<p>In the last couple of months, both the Dow Jones Industrial Average (DJIA) and S&P 500 Index (SPX), the two primary broad market indexes, have overtaken their all-time highs. However, potential resistance in the form of ultra-even levels sit just overhead. Specifically, the Dow is nearing 40,000, while the...
07Feb
Public utilities fall short on wildfire risk mitigation
Five years and 2,500 miles apart, fires devastated thriving communities — and major U.S. utility companies stood at the center of the infernos.It's a story increasingly familiar in the energy industry: Some utility companies don't properly assess the risks wildfires pose to their operations. A failure to mitigate these...
07Feb
CVS Heath (CVS) Q4 2023 earnings
CVS Health on Wednesday reported fourth-quarter revenue and adjusted earnings that topped expectations, but the company cut its full-year profit outlook, citing higher medical costs that are dogging the broader insurance industry.The company lowered its 2024 adjusted earnings forecast to at least $8.30 per share, down from a previous...
07Feb
Yum Brands (YUM) Q4 2023 earnings
KFC and Taco Bell restaurants along 118th Avenue in Edmonton, on January 21, 2024, in Edmonton, Alberta, Canada.Artur Widak | Nurphoto | Getty ImagesYum Brands on Wednesday reported quarterly earnings and revenue that missed analysts' expectations as KFC, Taco Bell and Pizza Hut all reported weaker-than-expected sales.Yum is the...
07Feb
Moody’s downgrades bank’s credit rating to junk; shares tumble
A sign is pictured above a branch of the New York Community Bank in Yonkers, New York, U.S., January 31, 2024. Mike Segar | ReutersNew York Community Bank's shares continued their downward spiral Wednesday after Moody's Investors Service cut the firm's credit rating two notches to junk status.NYCB shares fell...
07Feb
The Era of the Asset-Light Business Model in Fintech
The financial sector is witnessing a paradigm shift with the ascent of the asset-light business model, a change spearheaded by fintech companies worldwide. This model, characterized by minimal physical assets and a heavy reliance on digital technology, offers fintech firms the agility and flexibility necessary to navigate today’s rapidly...
07Feb
Siemens Energy swings to profit on order surge, sale of Indian stake
Siemens Energy site in Muelheim an der Ruhr, Germany, August 3, 2022.Wolfgang Rattay | ReutersSiemens Energy swung to profit in its first fiscal quarter on the back of a surge in orders and a one-off gain from selling a stake in its Indian affiliate to parent company Siemens.The German...