Check out the companies making headlines in extended trading: Discover Financial — Shares inched lower by 1%. The financial services company posted third-quarter results that surpassed expectations, with earnings of $3.69 per share on $4.45 billion of revenue. Analysts polled by LSEG were calling for earnings of $3.42 per...
Jim Cramer broke down each holding Wednesday during the October Monthly Meeting.
Check out the companies making headlines in midday trading: Novavax — Shares plunged more than 17% after the biotech company said the U.S. Food and Drug Administration put a clinical hold on its application for a Covid and influenza combination shot as well as a stand-alone flu vaccine. United...
Medical device maker Abbott Laboratories on Wednesday delivered better-than-expected quarterly results and upped its earnings guidance for the third straight quarter. Shares rose more than 1%, shaking off an initially subdued reaction. Revenue in the three months ended Sept. 30 rose 4.9% to $10.64 billion, topping estimates of $10.55...
Editor's note: Check back shortly to read our full earnings commentary. Morgan Stanley shares soared to all-time highs Wednesday after third-quarter beats on the bank's top and bottom lines, with strength seen across the board. Revenue for the three months ended Sept. 30 increased nearly 16% year over year...
Jim Cramer broke down each...
Gregg Greenberg spent 14 years as a journalist at TheStreet.com where he wrote the highly popular column "The 5 Dumbest Things on Wall Street This Week". His work has appeared in magazines ranging from Glamour to ESPN the Magazine, and on humor sites such as Points in Case.
Martin Smith is nothing if not patient in his approach to building out a financial planning niche that focuses on capturing retirement plan business from companies that hold a Minority Business Enterprise certification. Smith, president of Wealthcare Financial Group in Peachtree City, Georgia, applies an old-school strategy that involves a...
Cityscape of Saudi capital Riyadh.Harri Jarvelainen Photography | Moment | Getty ImagesSaudi Arabia's economy slowed in the second quarter, as crude output cuts and a drop in oil prices reined in one of the fastest growing nations of the G20.Riyadh's GDP expanded by an annual 1.1% in the second...
The Bank of Japan headquarters in Tokyo.Bloomberg | Getty ImagesThe Bank of Japan announced Friday "greater flexibility" in its monetary policy — surprising global financial markets.The central bank loosened its yield curve control — or YCC — in an unexpected move with wide-ranging ramifications. It sent the yen whipsawing...
Morgan Stanley is selling Gradifi Solutions, a student loan benefits provider, to workplace savings fintech Vestwell. ETrade Financial acquired Gradifi from First Republic Bank for $30 million in 2019, less than three months before Morgan Stanley bought ETrade for $13 billion. Terms of the transaction to Vestwell were not disclosed,...
The Mega Millions jackpot grew to $940 million on July 27, 2023.OLIVIER DOULIERY | GettyThe Mega Millions jackpot has ballooned to an estimated $940 million ahead of Friday's high-stakes drawing at 11:00 p.m. ET.If you pick the magic six numbers, there are two payout options: a lump sum of...
Inflation showed further signs of cooling in June, according to a gauge released Friday that the Federal Reserve follows closely.The personal consumption expenditures price index excluding food and energy increased just 0.2% from the previous month, in line with the Dow Jones estimate, the Commerce Department said.So-called core PCE...
Employers competing to fill empty positions with the most talented candidates at a time of historically low unemployment are turning to a once overlooked benefit: the 401(k) match. Workers value that perk more than cash, so much so that a dollar in 401(k) contributions is twice as effective at luring...
