Earnings Barrage, CPE Data Highlight Next Week
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18Apr
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18Apr
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18Apr
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18Apr
March homes sales dropped despite a surge in supply. Here’s why.
Prospective buyers attend an open house at a home for sale in Larchmont, New York, US, on Sunday, Jan. 22, 2023. Tiffany Hagler-Geard | Bloomberg | Getty ImagesSales of previously-owned homes dropped 4.3% in March compared with February, to a seasonally adjusted, annualized rate of 4.19 million units, according to...
18Apr
Kam Ghaffarian sets his sights on the stars with space companies
Jeff Bezos wants to build permanent outposts on the moon and colonize space. Richard Branson wants to make spaceflight as commonplace as air travel. Elon Musk wants to settle Mars to make humanity multiplanetary.IBX's Kam Ghaffarian wants to go even further: the stars."There's this common denominator of combining altruism,...
18Apr
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18Apr
EBay, Tesla, Taiwan Semiconductor, Alaska Air and more
Check out the companies making headlines before the bell. Taiwan Semiconductor Manufacturing — U.S.-traded shares of the Taiwanese chipmaker fell 2.4% despite beating revenue and profit expectations in the first quarter. The company reported no structural damage from the earthquake in Taiwan earlier in April, but noted some wafers...
18Apr
Alaska Airlines 2024 forecast tops estimates after loss from Boeing Max grounding
An Alaska Airlines Boeing 737 MAX 9 taxis at Seattle-Tacoma International Airport on March 25, 2024 in Seattle, Washington. Stephen Brashear | Getty ImagesAlaska Airlines forecast second-quarter and full-year earnings well ahead of estimates on Thursday thanks to strong travel demand, despite a first-quarter loss stemming from a midair blowout...
18Apr
Nokia joins Ericsson in forecasting stronger second half after first-quarter profit miss
Omar Marques/SOPA Images | LightRocket | Getty ImagesFinnish telecom gear maker Nokia reported a smaller-than-expected rise in quarterly profit on Thursday as sluggish demand for 5G gear in key markets North America and India continued to weigh on sales."This will still be a weak year, for the mobile RAN...
18Apr
World’s largest sovereign wealth fund posts $110 billion in Q1 profit
The facade of Norway's central bank, also known as Norges Bank, in Oslo, Norway.Bloomberg | Bloomberg | Getty ImagesNorway's giant sovereign wealth fund on Thursday reported first-quarter profit of 1.21 trillion kroner ($109.9 billion), supported by robust returns on its investments in technology stocks."Our equity investments had a very...