Signage at the UBS flagship office in New York, US, on Tuesday, March 21, 2023.Bloomberg | Bloomberg | Getty ImagesSwiss banking titan UBS on Wednesday posted a large profit beat, after completing its first wave of client migrations following its integration of collapsed domestic rival Credit Suisse.Net profit attributable...
Standard Chartered Plc bank branch in Hong KongBloomberg | Bloomberg | Getty ImagesStandard Chartered on Wednesday upgraded its 2024 income guidance as it posted profits in the third quarter that beat expectations, driven by record performance in its wealth management business.Here are Standard Chartered's results for the quarter, compared...
Alphabet shares surged during Tuesday's after-hours trading following the Google parent's better-than-expected quarterly revenue and earnings on cloud and advertising strength. Total revenue for the three months ended Sept. 30 climbed 15%, or 16% on a constant-currency basis, to $88.27 billion, better than estimates of $86.3 billion, according to...
Advanced Micro Devices on Tuesday posted a solid set of third-quarter results thanks to strong sales in the data center and PC markets. But shares fell more than 7% in extended trading, as investors wanted to see faster growth in its AI chip business. We're taking the long-term view...
Alphabet incoming CFO Anat Ashkenazi, who spent 23 years at Eli LillyEli LillyFor nine years, the CFO role at Google and parent company Alphabet was held by Ruth Porat, who took a giant pay package in 2015 to leave Wall Street for Silicon Valley.On Tuesday, Porat's successor, Anat Ashkenazi,...
Check out the companies making headlines in after-hours trading: Chipotle Mexican Grill — The burrito chain reported mixed quarterly results and shares dipped 3%. Chipotle reported adjusted earnings of 27 cents per share, exceeding expectations of 25 cents a share from analysts polled by LSEG. Revenue came out at...
Reddit CEO Steve Huffman stands on the floor of the New York Stock Exchange (NYSE) after ringing a bell on the floor setting the share price at $47 in its initial public offering (IPO) on March 21, 2024 in New York City.Spencer Platt | Getty ImagesReddit shares jumped 22%...
A customer holds a bag of food outside of a Chipotle restaurant in New York on Jan. 12, 2024.Angus Mordant | Bloomberg | Getty ImagesChipotle Mexican Grill on Tuesday reported mixed quarterly results, despite another quarter of higher traffic to its restaurants. Shares of the company fell 7% in extended...
Election Day is just one week away, and the outcome is set to have wide-ranging consequences for markets regardless of who wins the White House or which party controls each chamber of Congress. Stocks are uncharacteristically strong heading into the U.S. presidential election on Nov. 5, with all three...
Alphabet shares surged during Tuesday's...
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.
Check out the companies making headlines in midday trading. Clorox — The consumer product company advanced less than 1% on the heels of an upgrade to neutral from underweight by JPMorgan. The firm said there is upside potential to consensus expectations with the worst likely behind the company. Safety...
An Oklahoma pensioner is challenging a state law that targets financial firms, including BlackRock Inc. and JPMorgan Chase & Co., for their climate change policies. Don Keenan, a former state employee, is seeking a temporary restraining order against Oklahoma treasurer Todd Russ and the state over the 2022 law enacted...
A person walks past a sales advertisement at Saks Off 5th department store ahead of the Thanksgiving holiday sales in Washington, D.C., on Nov. 21, 2023.Saul Loeb | AFP | Getty ImagesThere's a dark cloud hanging over Black Friday.A slew of retailers have issued tepid, cautious or downright disappointing...
Serial entrepreneur Nathalie Molina Niño had spent the better part of two decades in the tech world when she came to the conclusion that investors are the ones running the show. Having that power to invest and make changes led her in 2016 to start Brava Investments, a firm that...
