Asset-management stocks have been hit hard this year in the market selloff, with some down 35% to 45%, almost double the decline in the S&P 500 index. No industry is more directly tied to stock an...
Tag: Financials
China real estate troubles sent debt indicator to record high
Fixed asset investment data for the first five months of 2022 showed real estate investment declined at a greater scale than it did during the first four months of the year. Pictured here on May 16 is...
Lovesac Company stock down 25% after announcing first-quarter financials
The Lovesac Company (NASDAQ: LOVE) stock dropped 25% after the home furnishing brand announced its first quarter financial results for 2023. Net sales in the first-quarter increased by 56% while Compa...
Bank of America and 4 More Financial Stocks for a Tough Market
Text size Bank of America is Wells Fargo’s top pick among the large U.S. banks. Justin Sullivan/Getty Images One couldn’t blame investors in the financial sector for feeling discouraged this year. Goi...
Brown Harris Stevens CEO calls real estate reality TV ‘horrible’
A customer looks at listings on display outside a Brown Harris Stevens offices in New York. Brendan McDermid | Reuters The rise of reality TV shows featuring real estate has been “horrible”...
The SEC Just Raised the Fees Investors Pay on Every Transaction
Text size The fees aren’t big enough to change most traders’ plans. Getty Images After this weekend, U.S. government fees on securities sales will quadruple. Don’t panic. The charges are s...
The Andersons is down 30% after announcing its first-quarter financials
The Andersons, Inc. (NASDAQ: ANDE) shares dropped by 30% after it announced its first-quarter financial results for 2022. The company recorded a net income of $0.18 per diluted share, or $6.1 million ...
Cummins announces first quarter financials and doesn’t meet analyst estimates
Cummins (NYSE: CMI) records first quarter EPS of $2.92, which was lower than the $3.56 analyst estimate. Revenue for the first quarter came to around $6.4 billion which was more than the $6.03 billion...
Berkshire Hathaway May Have Sold Verizon, Bought $10 Billion of Financials
Text size Warren Buffett’s Berkshire Hathaway said it incurred $739 million of realized losses on equity sales in the first quarter. Paul Morigi/Getty Images for Fortune/Time Inc Berkshire Hatha...
Berkshire Hathaway May Have Sold Verizon Stock in Q1, Bought $10 Billion of Financials
Text size Warren Buffett’s Berkshire Hathaway said it incurred $739 million of realized losses on equity sales in the first quarter. Paul Morigi/Getty Images for Fortune/Time Inc Berkshire Hatha...
Greenwich mansion for sale will take bitcoin cryptocurrency as payment
Main residence at 241 Bedford Rd in Greenwich, CT Anthony Acocella / Modern Angles The Gold Coast of Connecticut soon might become the Crypto Coast if this real estate listing is any indication. The o...
Alphabet Chief Financial Officer Ruth Porat Bought Stock in Blackstone
Text size Blackstone headquarters in New York. Angus Mordant/Bloomberg Blackstone stock has slumped so far in 2022, and director Ruth Porat just bought shares of the private-equity firm on the open ma...
Georgia is now the latest state to mandate personal finance education
Georgia Governor Brian Kemp makes remarks during a visit to Adventure Outdoors gun shop as he pushes for a new state law to loosen requirements to carry a handgun in public, in Smyrna, Georgia, Januar...
PayPal Trims 2022 Outlook But Beats Revenue Forecast
PayPal lowered its forecast for adjusted profit for 2022 to a range of $3.81 to $3.93 a share. Justin Sullivan/Getty Images Text size PayPal Holdings said its first quarter was a “solid start” but cut...
German Broker flatexDEGIRO Posts Solid Q1 Financials, Revenue Jumps 14%
flatexDEGIRO (ETR: FTK), which is a German retail online broker, reported a revenue jump of 14 percent in the first three months of 2022 when compared to the figures of the previous quarter. Take Adva...
BlackRock Stock Has Slid. Director William E. Ford Scooped Up Shares.
BlackRock stock has tumbled this year, and director William E. Ford, the chairman and CEO of investment firm General Atlantic, scooped up shares of the asset manager on the open market. BlackRock (tic...
Free Cash Flow Yield Through 3/11/22
Stack of papers with title free cash flow (FCF) or free cash flow to firm (FCFF). getty This report is an abridged version of All Cap Index & Sectors: Free Cash Flow Yield Through 3/11/22, one of ...
IronFX UK Operator Posts Solid 2021 Financials, Revenue Doubled
Notesco UK Limited, which runs the United Kingdom operations of IronFX, has doubled its annual revenue for 2021. As seen in the latest Companies House filing, the broker generated revenue of $863,071 ...
These states poised to pass personal finance education laws this year
Lee Jimenez, a teacher at Indian Hill Elementary School in Cincinnati, Ohio, discusses credit cards and methods of payments with his 3rd grade class using online financial education curriculum SmartPa...
Berkshire Hathaway Is Likely to Buy Alleghany. No Rival Bids Emerged.
Text size Alleghany’s noninsurance operations include a toy business and a steel fabricator. Dreamstime It looks like Berkshire Hathaway will succeed in buying the insurer Alleghany for $11.6 bi...
Is the Stock Market Open Today? Here Are Hours for Easter Monday 2022.
Text size Dreamstime U.S. investors eager to trade after the holiday weekend will have plenty of news to digest, thanks to corporate earnings. More than 100 companies are slated to report this week—an...
U.S. Stocks Poised for a Lower Open on Monday
U.S. stock markets are poised for a subdued open on Monday. Michael Nagle/Bloomberg Text size U.S. stocks are set for a lower open on Monday. On Sunday night, Dow Jones Industrial Average futures fell...
Warren Buffett Says He Is in Great Health With No Plans to Step Down as CEO
Text size Warren Buffett Paul Morigi/Getty Images for Fortune/Time Inc Warren Buffett says he is in excellent health and has no plans to step down as CEO of Berkshire Hathaway as he eagerly anticipate...
Warren Buffett Showed Tough Negotiation Skills in Alleghany Deal
Text size Warren Buffett Drew Angerer/Getty Images Warren Buffett is known as a tough negotiator, and that was apparent in Berkshire Hathaway ’s negotiations to buy the insurer Alleghany when the Berk...