Check out the companies making headlines in midday trading. Quantum stocks – Quantum computing stocks gained after Microsoft unveiled its quantum-ready plan aimed at preparing businesses for the rise of quantum computers. Nvidia also announced a quantum day at its annual GTC conference. Rigetti Computing rallied more than 18%,...
BlackRock reported better-than-expected earnings Wednesday, lifting shares of the asset management giant higher as it embarks on a pivotal year of expansion into fast-growing markets. Revenue of $5.68 billion in the three months ended Dec. 31 exceeded expectations of $5.49 billion, according to LSEG. Adjusted earnings per share (EPS)...
Prices that consumers pay for a variety of goods and services rose again in December but closed out 2024 with some mildly better news on inflation, particularly on housing.The consumer price index increased a seasonally adjusted 0.4% on the month, putting the 12-month inflation rate at 2.9%, the Bureau...
Boston, Massachusetts, January 15th, 2025, FinanceWireFollowing the Success of its First Fund, Team Launches Fund II to Help High Net-Worth Investors Capitalize on Growth in the Bitcoin EcosystemThe Bitcoin Opportunity Fund, a hedge fund seeking to generate higher risk-adjusted returns through diversification into the Bitcoin ecosystem, has announced its...
BlackRock's assets hit a record high of $11.6 trillion in the fourth quarter of last year as the world's largest money manager posted a 21% profit jump, with fee income buoyed by stronger equity markets.Assets managed by the New York-based company increased to $11.55 trillion from $10.01 trillion a...
How much post-election optimism does corporate America have? We are about to find out. Here's the good news on earnings: Earnings tailwinds for 2025 Strong earnings growth (14.0%) Profit margins near record highs Broader earnings contributions from stocks outside of the Magnificent Seven Here's the bad news: Earnings headwinds for...
Check out the companies making headlines in premarket trading. JPMorgan Chase — The banking giant reported fourth-quarter results that beat analyst expectations thanks to strong performances from its fixed income and investment banking businesses. The company earned $4.81 per share on revenue of $43.74 billion. Analysts polled by LSEG...
Jane Fraser speaks during the Milken Institute Global Conference in Beverly Hills, California, U.S., on Monday, April 29, 2019.Kyle Grillot | Bloomberg via Getty ImagesCitigroup is set to report its fourth-quarter earnings Wednesday morning ahead of Wall Street's opening bell.Here are some of the key metrics to watch and...
The skyscrapers of the Frankfurt skyline in the evening, with the Deutschherrn Bridge in the foreground.Frank Rumpenhorst | Picture Alliance | Getty ImagesThe German economy contracted by 0.2% in 2024, in the country's second consecutive yearly slowdown, data from statistics office Destatis showed Wednesday.The drop was in line with...
The fintech sector is at the forefront of a global revolution, reshaping how financial services are delivered and consumed. This dynamic industry thrives on innovation, leveraging technology to disrupt traditional banking models and set new standards for customer experience. Businesses and consumers alike are witnessing a seismic shift in...
Check out the companies making...
BlackRock reported better-than-expected earnings Wednesday,...
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.
.Logo of ING Bank.Michel Porro | Getty ImagesING Groep, the largest Dutch bank, on Thursday announced its second share buyback programme of the year, of up to 2.5 billion euros ($2.65 billion), following third-quarter net profits that more than doubled from the previous year.The bank, which serves more than...
A Starbucks logo at a location in New York, Aug. 17, 2023.Gabby Jones | Bloomberg | Getty ImagesStarbucks is expected to report its fiscal fourth-quarter earnings before the bell Thursday.Here's what Wall Street analysts surveyed by LSEG, formerly known as Refinitiv, are expecting:Earnings per share: 97 cents expectedRevenue: $9.29...
By Mosche Amara from SparxIT. Organizations and entrepreneurs have seen the potential of blockchain technology in various industry verticals, including finance, supply chain, healthcare, and retail. As these companies have acknowledged the importance of digital innovation, they are eager to find blockchain development services best suited to their needs. A blockchain...
People pump gas into their vehicles at a Shell petrol station on October 2, 2023 in Alhambra, California. Frederic J. Brown | Afp | Getty ImagesBritish oil giant Shell on Thursday reported $6.2 billion profit for the third quarter, roughly in line with estimates, as the company benefited from higher oil...
Cristiano Amon, president and CEO of Qualcomm Incorporated, speaks during an interview with CNBC on the floor of the New York Stock Exchange (NYSE) in New York, April 28, 2022.Brendan McDermid | ReutersQualcomm reported fiscal fourth-quarter earnings on Wednesday that beat expectations for sales and earnings, despite big year-over-year...
Charles Schwab Corp. finished cutting as much as 6% of its 35,900 member workforce, amid efforts to curb costs as it continues to integrate TD Ameritrade, according to a company spokesperson. The number of cuts, ranging from 5% to 6% of staff at the Westlake, Texas-based company, translates to as...
Brian Chesky, co-founder and CEO of Airbnb, speaks during an interview with CNBC on the floor of the New York Stock Exchange, May 10, 2023.Brendan McDermid | ReutersAirbnb shares slipped about 3% in after-hours trading Wednesday after the company reported stronger-than-expected revenue, buoyed by currency tailwinds, but provided weaker-than-expected...
