The corporate earnings season kicks off in earnest this week, led by the six major U.S. banks. Goldman Sachs, Wells Fargo, JPMorgan Chase, Citigroup, Morgan Stanley and Bank of America are all scheduled to post fourth-quarter results. UnitedHealth is also among the roughly 20 S & P 500 names...
Shapecharge | E+ | Getty ImagesThe labor market may be poised for dislocation with President-elect Donald Trump set to take office for the second time later this month.For the past two years, health care has dominated all other industries in terms of growth, aided partly by Covid-related spending. The...
After accounting startup Bench abruptly shut down on December 27 and was bought in a fire-sale by Employer.com, Bench customers are now learning they can’t easily just take their financial data and leave. And some are very unhappy about it, three customers told TechCrunch. To recap: When Bench, a startup based...
VILNIUS, Lithuania, January 10th, 2025, FinanceWireWhiteBIT TR cryptocurrency exchange has announced a strategic partnership with Turkey’s first neobank, Misyon Bank, ushering in 2025 with a significant milestone for the Turkish cryptocurrency sector. This collaboration enables Misyon Bank to connect with individual investors across Europe through WhiteBIT TR, marking its...
Check out the companies making headlines in midday trading: Delta Air Lines — Shares of the airline surged 9% on better-than-expected results for the fourth quarter. Delta posted adjusted earnings of $1.85 per share on $14.44 billion of revenue. That surpassed the LSEG forecast of $1.75 per share and...
Constellation Brands put up such disappointing quarterly results before Friday's opening bell that we're having second thoughts about whether the beer, wine and spirits stock still belongs in the portfolio. Net sales for the three months ended Nov. 30 were largely flat year over year, coming in at $2.46...
December's job report marked yet another month of stronger-than-expected growth, with gains coming from many different parts of the U.S. economy.Last month, health care and social assistance jobs saw the largest gains for a third consecutive month, adding 69,500 to payrolls, according to data from the Bureau of Labor...
A jobseeker holds flyers during the New York Public Library's annual Bronx Job Fair & Expo at the the Bronx Library Center in the Bronx borough of New York, US, on Friday, Sept. 6, 2024.Yuki Iwamura | Bloomberg | Getty ImagesThe unemployment rate fell for Black women in December,...
A ''Now Hiring" sign hangs above the entrance to a McDonald's restaurant in Miami Beach, Florida.Joe Raedle | Getty ImagesJob growth was much stronger than expected in December, possibly providing the Federal Reserve less incentive to cut interest rates this year.Nonfarm payrolls surged by 256,000 for the month, up...
Check out the companies making headlines in premarket trading. Delta Air Lines — The airline stock popped 6% on stronger-than-anticipated fourth-quarter earnings. Delta posted adjusted earnings of $1.85 per share in $14.44 billion in revenue. That surpassed the EPS of $1.75 and $14.18 billion in revenue expected by analysts...
The corporate earnings season kicks...
Shapecharge | E+ | Getty...
After accounting startup Bench abruptly...
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.
If there is one thing that supporters and opponents agree on about ESG, it might be that there are too many interpretations of its meaning. This week, several groups, including the CFA Institute, gave a list of definitions that they want to be standard across the industry. That includes common...
Michael Cannon-Brookes, co-CEO, AtlassianScott Mlyn | CNBCAtlassian shares plummeted 9% in extended trading Thursday despite better-than-expected earnings and revenue from the software maker and a forecast that met Wall Street's expectations.Here's how the company did, compared with the consensus among analysts surveyed by LSEG, formerly known as Refinitiv:Earnings: 65...
Starbucks cups are pictured on a counter in Manhattan, New York, on Feb. 16, 2022.Carlo Allegri | ReutersStarbucks on Thursday presented the latest stage in its plan to drive growth for the company, which involves accelerating its global footprint and saving $3 billion in costs over the next three...
Check out the companies making headlines in extended trading. Live Nation Entertainment — Shares of the ticket provider climbed nearly 3% after a beat on the top and bottom line in the third quarter. Live Nation reported $1.78 per share on $8.15 billion in revenue against estimates from analysts...
A leading Senate Republican on financial policy wants to open private-market investing to more people who currently don’t meet the net worth or income thresholds to qualify. Expanding the pool of accredited investors is one plank in a proposal to reform capital markets released Thursday by Sen. Tim Scott, R-S.C....
The Paramount logo is displayed at Columbia Square along Sunset Blvd in Hollywood, California on March 9, 2023.Patrick T. Fallon | AFP | Getty ImagesParamount Global's stock jumped in extended trading Thursday after it reported strong revenue and subscription trends in its third quarter earnings report.The after-hours move came...
With the Securities and Exchange Commission teeing up an inquiry into another giant firm’s cash sweep business, this time that of Wells Fargo & Co., securities attorneys said there is plenty for registered investment advisors connected to broker-dealers and banks to worry about if they’re falling short on telling...
