Moyo Studio | E+ | Getty Images As the coronavirus pandemic wears on and government aid sent at the beginning of the crisis runs out, Americans are feeling the impact of tight budgets. One-quarter of ...
Tag: Financials
U.S. Stocks Poised to Open Slightly Higher on Monday
It will be an abbreviated trading week, with U.S. markets closed on Friday. ANGELA WEISS/AFP/Getty Images Text size U.S. stocks are set to open Monday slightly higher. On Sunday night, Dow Jones Indus...
Twitter, Carnival, First Solar and more
Carnival Cruise Line’s Carnival Ecstacy cruise ship is docked at the Port of Jacksonville amid the Coronavirus outbreak on March 27, 2020 in Jacksonville, Florida. Sam Greenwood | Getty Images H...
Wave Financial’s $100 Million ADA Yield Fund Will Help Bolster DeFi Growth on Cardano
The ADA Yield Fund from Wave Financial will help in offering liquidity support to DeFi protocols launching on Cardano thereby boosting the platform’s DeFi ecosystem. On Wednesday, March 30, Wave Finan...
Edward ‘Ned’ Johnson, Former Fidelity CEO and Fund Pioneer, Dies
Text size Edward “‘Ned” Johnson III built Fidelity Investments into a giant financial services firm. Neal Hamberg/Bloomberg News Edward “Ned” Johnson III, who built Fidelity Investme...
China’s Tencent exploring a financial holding company for WeChat Pay
An image of WeChat Pay in action. Zhang Peng | LightRocket | Getty Images Chinese tech giant Tencent is exploring whether regulators will require it to create a financial holding company to house is f...
ROSTRO Financials Group Has Selected John Williams as Chief Information Officer
ROSTRO Financials Group Has Selected John Williams as Chief Information Officer, effective from March 2022. Finance Magnates recently learned from the LinkedIn profile of John Williams, a senior execu...
Warren Buffett Does Deal Making Differently. Alleghany Acquisition Shows How.
Text size Warren Buffett Drew Angerer/Getty Images When it comes to acquisitions, Warren Buffett does things differently, and Berkshire Hathaway ’s deal on Monday for Alleghany illustrates his unique ...
Berkshire Hathaway to Acquire Reinsurer Alleghany for $11.6 Billion
Text size Warren Buffett, chairman and CEO of Berkshire Hathaway Saul Loeb/AFP via Getty Images Warren Buffett’s Berkshire Hathaway agreed to buy Alleghany shares for $848.02 a share in cash, or a tot...
China Gives Alibaba, Other Stocks a Lifeline. Can It Last?
Text size China said it would roll out market-friendly policies to help boost the stock market. Peter Parks/AFP via Getty Images With a handful of vague comments about rolling out market-friendly poli...
PayPal, Intel and Paramount Stock Hit Multiyear Lows. Insiders Bought Up Shares.
It isn’t surprising that many stocks have set new intraday lows for the latest 52 weeks, or even longer. Ed, let’s mention Russia-Ukraine since that’s the reason But it is notable when insiders—compan...
Peel Group’s John Whitaker hopes to set up Isle of Man cannabis farm
Cannabis leaves sit on plants growing in a greenhouse in the GW Pharmaceuticals Plc facility in Sittingboune, U.K. on Monday, Oct. 29, 2018. Jason Alden | Bloomberg | Getty Images A vast marijuana far...
Warren Buffett: Berkshire Hathaway Paid 1% of All U.S. Corporate Tax Receipts
Berkshire Hathaway has the largest amount of domestic infrastructure assets of any American company and paid $3.3 billion in federal taxes in 2021—or nearly 1% of all corporate tax receipts—CEO Warren...
Renault says chip shortage means 300,000 less cars in 2022
Renault CEO Luca de Meo said the French carmaker expects to make 300,000 fewer units in 2022 than it potentially could have as a result of the ongoing global chip shortage. Renault made 500,000 fewer ...
CIO: this sub-sector within financials is my top rate-hike play
Financials tend to outperform when rates go up; that’s the consensus. But there’s a sub-sector in this space that’s particularly well-positioned to benefit from the rate hikes, says ...
Buy SoFi Stock, Analyst Says. The Fintech Should Deliver Strong Revenue Growth.
Text size SoFi has been focused on member growth, according to BofA. Rafaelhenriquepress/Dreamstime SoFi Technologies stock is a buy because the company will deliver strong revenue growth thanks to it...
Should You Buy PayPal Stock After Its Big Drop? Don’t Rush In.
PayPal refrained from reiterating growth targets, trimmed its forecasts, and said it was shifting strategy away from growing its user base in its latest earnings. Dreamstime Text size PayPal Holdings ...
Volatility to shock investors in messy market: BofA’s Subramanian says
Investors should proceed with caution, according to BofA Securities’ Savita Subramanian. Even though February kicked off on a strong note, she warned on CNBC’s “Fast Money” a m...
AMC Entertainment up 15% after announcing fourth-quarter financials
AMC Entertainment Holdings (NYSE: AMC) up 15% after announcing its fourth-quarter preliminary results for 2021 in anticipation of potential investor meetings. These are unaudited results, subject to t...
Giant Bank Bought Up Apple, Comcast Stock. It Dropped AT&T and Visa.
Text size German banking giant Commerzbank bought up Apple stock in the fourth quarter. Dreamstime A German banking giant made some abrupt changes in its U.S.-traded investments. Commerzbank initiated...
Berkshire-Backed StoneCo Issues a Bullish Outlook. The Stock Is Soaring.
Text size Dreamstime Shares of Brazilian payment processor StoneCo were skyrocketing Friday after Citi upgraded the stock, citing an attractive valuation and the company’s strong outlook for the first...