Check out the companies making headlines in midday trading: Genuine Parts — Shares fell about 20% on the back of the company's weaker-than-expected earnings for the third quarter. During the period, Genuine Parts earned $1.88 per share, excluding items, below the $2.42 per share that analysts polled by FactSet...
Interface.ai, a customer automation platform for banks and other financial institutions, today announced that it closed a $30 million funding round led by Avataar Venture Partners. $20 million of the round was equity, while the remaining $10 million was in the form of debt. It’s Interface’s first outside capital;...
Much of the world has managed to successfully lower inflation and engineer an economic soft landing, avoiding recession, but faces rising geopolitical risks and weaker long-term growth prospects, according to the International Monetary Fund. Global headline inflation will fall to 3.5% on an annual basis by the end of 2025,...
General view of the City of London skyline, the capital's financial district, in October.Sopa Images | Lightrocket | Getty ImagesLONDON — The International Monetary Fund on Tuesday raised its 2024 growth outlook for the United Kingdom, saying declines in interest rates and inflation would boost domestic demand.The IMF now...
Christian Klein, Co-CEO of German software and cloud computing giant SAP, speaks during a press conference to present SAP's financial results for 2019 on January 28, 2020 in Walldorf, southwestern Germany. - German software giant SAP reported a bottom line undermined by heavy restructuring costs, but lifted forecasts for...
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.
The Securities and Exchange Commission has intervened to protect what it claims are vulnerable investors, securing an emergency asset freeze against Julie Anne Darrah, a Santa Maria, California-based investment adviser, and her hybrid RIA Vivid Financial Management Inc. The regulatory body alleges that Darrah and VFM engaged in a fraudulent...
Global wealth manager Fiduciary Trust International has expanded its growing footprint in South Florida, to serve high-net-worth clients in the region. The $94 billion AUM firm provides a customized investment and wealth management offering, including access to leading alternative investment managers, family office services, trust and estate management, and sustainable...
Baird Private Wealth Management has expanded its capabilities in Dallas with the addition of a $160 million team that joins from Carter. The Berg Group comprises two advisors, Joel Berg, who joins as a director and financial advisor, and Robert (Bob) Berg, who joins as a vice president and consultant....
The S&P 500 is at risk of dropping another 5% after the index fell below a key technical level this week, according to Bank of America Corp.’s Michael Hartnett. The strategist — among the more bearish voices on U.S. stocks — said that now that the S&P 500 had breached...
Embattled debt investors like the look of 5% Treasury yields as they weigh the risk-versus-reward scales for the world’s biggest bond market. The rise in yields to levels last seen before the financial crisis reflects a run of solid data, with the US economy growing last quarter at the fastest pace since...
Byron Wien, the longtime market strategist whose annual list of “10 Surprises” made him one of the most influential voices on Wall Street during a career at Blackstone Inc. and Morgan Stanley, died Wednesday. He was 90. Wien was at Blackstone for the past 14 years and was most recently...
Saving for a rainy day has been sound financial advice for generations, but when the rain keeps coming it’s easy to fall behind. A new report from Bankrate.com reveals that 81% of Americans have not added anything to their emergency savings this year and six in ten say they feel...
