Save articles for later Add articles to your saved list and come back to them any time. Bank of Queensland has breached prudential standards and fallen short in its compliance with anti-money laundering laws, prompting regulators to force it to hold an extra $50 million in capital and sign court-enforceable […]
Read more20 Earnings Reports Due Wednesday, May 31
There are 20 earnings reports scheduled for Wednesday, 5 before markets open and 15 after markets close for the day. The following table is based on data from Briefing.com and includes a consensus forecast in dollars for quarterly earnings per share and EPS reported last year, and the consensus forecast […]
Read moreMinister warns insurers over ‘unfair’ premiums in disaster hotspots
Save articles for later Add articles to your saved list and come back to them any time. Insurance giants are the latest big companies attracting unwanted government attention over some of their prices, hot on the heels of Labor’s energy market intervention and its scrutiny of bank deposits. There’s no […]
Read moreEarnings Previews: Box, Frontline, Hewlett Packard Enterprise, HP
U.S. markets are closed Monday in observance of the Memorial Day holiday. On Friday, the Dow Jones industrials closed up 1.0%, the S&P 500 closed up 1.3% and the Nasdaq closed 2.19% higher. After U.S. markets closed Thursday, Marvell Technology reported slight beats on earnings per share (EPS) and revenue […]
Read moreWhy Was Nvidia’s Jensen Huang Whining About China?
One might think that after the company you co-founded and currently lead has just demolished consensus estimates for your near-term future, you could do better than whine about how U.S. regulations restricting exports of your most advanced products to China are tying your hands behind your back. But, as William […]
Read more30 Earnings Reports Due Thursday, May 25
There are 30 earnings reports scheduled for release Thursday, 17 before U.S. markets open and 13 after the markets close. The following table is based on data from Briefing.com and includes a consensus forecast in dollars for quarterly earnings per share and EPS reported last year, and the consensus forecast […]
Read moreSamsung to Retain Google as Default Search Engine on Its Devices: Report
In April, Samsung had considered replacing Google with Microsoft’s Bing as its preferred search engine on its devices. However, the South Korea-based smartphone maker appears to be scrapping those plans after suspending an internal review, the Wall Street Journal reported today. Google and Samsung’s 12-Year Search Partnership Remains Intact Samsung […]
Read moreOil Futures Pare Early Gains, Settle Lower As Debt Ceiling Talks Pause
Crude oil futures pared early gains and settled lower on Friday, weighed down by reports that the debt ceiling talks paused after Republican negotiators walked out the meeting, offseting recent optimism about an impending deal. “Until people are willing to have reasonable conversations about how you can actually move forward […]
Read moreCI Financial’s Got a 14.5% Problem
Less than a week after CI Financial (CA:CIX) CEO Kurt MacAlpine triumphantly announced its deal to sell 20% of its U.S. wealth management business for $1.34 billion, the crowd is questioning the proposed transaction. The agreement values CI’s entire U.S. wealth management business at $7.1 billion, nearly 26x the unit’s […]
Read moreEarnings Previews: Cisco Systems, Sociedad Qu\u00edmica y Minera de Chile (SQM)
In early trading on Tuesday, the Dow Jones industrials were down 0.21% and the S&P 500 down 0.05%, but the Nasdaq was 0.02% higher. After U.S. markets closed Monday, Canoo reported a smaller-than-expected adjusted loss per share and, as expected, reported no revenue. The company reported $69.7 million in cash […]
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