"In Q4, traffic remains strong across both physical and digital channels, and we anticipate delivering another quarter of solid earnings growth consistent with our updated EPS forecast," said CEO Calvin McDonald.
Disney might be the happiest place on earth, but one thing's for sure -- it isn't so happy there today. CEO Bob Iger sent out an email to Disney employees on March 27 informing them that the layoffs previously announced in February have begin.
Aiden Pleterski led a lavish lifestyle and owned McLaren sports cars and a Lamborghini — and even rented a plush waterfront home for $45,000 a month.
(Bloomberg) -- On the surface, Charles Schwab Corp. being swept up in the worst US banking crisis since 2008 makes little sense.Most Read from BloombergBinance and Its CEO Sued by CFTC Over US Regulatory ViolationsSaudi National Bank Chair Resigns After Credit Suisse RemarkSchwab’s $7 Trillion Empire Built on Low Rates Is Showing CracksFirst Citizens to Buy SVB After Biggest Failure Since 2008The firm, a half-century mainstay in the brokerage industry, isn’t overexposed to crypto like Silvergate
Short sellers are getting bold again. And they've picked their favorite stock market targets to crash.
This year started with a strong rally in the markets, but the past month has seen the positive sentiments start to sputter. The failure of Silicon Valley Bank started fears of a contagion and consequent bank runs, which were only partially offset by Federal regulatory actions. But there’s a growing consensus that it was the Federal actions that set the conditions for the bank crisis, when the central bank raised interest rates to fight inflation. Now, investors are trying to cope with the fallou
Read this before you trade in your gas guzzler.
Tesla shares are on the move higher as Barclays sees bullish signs for the EV-maker’s first quarter performance. Ina note this morning, analyst Dan Levy projects Tesla delivering 425K vehicles globally in Q1, beating what Barclays sees as consensus estimates of 420K vehicles - and that beat could be a another catalyst for the stock. Levy also sees some upside to production as well, writing “we believe commentary on the pace of production likely implies some upside, which we assume will be ~430k units in the quarter.”
Following multiple recent bank collapses, some on Wall Street estimated the Fed would step back from its by-now customary rate hikes when it convened to discuss its monetary policy last week. That did not happen, however, and Fed chair Jerome Powell announced another 0.25 percentage point rate increase. One prominent investor thinks that was unnecessary and counterproductive. “Obviously he (Fed Chair Jerome Powell) didn’t need to do what he did,” billionaire Barry Sternlicht said, likening the a
An email from Meta CEO Mark Zuckerberg reveals his anger at a leak from a staffer. It was posted to Twitter by Internal Tech Emails (@TechEmails) on March 19. The leaked information involved a 2010 company Q&A in which Zuckerberg discussed a new initiative Facebook was working on.
On March 27, 2023, Lumen Technologies, Inc (NYSE: LUMN) reported it faced two cybersecurity incidents. Last week Lumen discovered that a malicious intruder had inserted criminal ransomware into a limited number of its servers that support a segmented hosting service, degrading the operations of a small number of its enterprise customers. Lumen's recent implementation of enhanced security software has led to its discovery that a separate sophisticated intruder accessed a limited number of its int
Apple (AAPL) closed at $158.15 in the latest trading session, marking a -1.31% move from the prior day.
U.S. lawmakers are considering changes to entitlement programs in the states, with some saying the country should raise the full retirement age.
Depending on your age, if your income is below a certain threshold, you may not have to pay taxes. Here's what you need to know.
A newly fired Fox News producer is seeking to recant testimony she said network lawyers coerced her into providing as Fox defends against Dominion Voting Systems' $1.6 billion defamation lawsuit. Abby Grossberg said Fox's lawyers left her feeling she "had to do everything possible to avoid becoming the 'star witness' for Dominion or else I would be seriously jeopardizing my career at Fox News." The former producer for Maria Bartiromo's Sunday morning show and later Tucker Carlson's prime-time show made the accusation as she filed amended lawsuits in Manhattan federal court and Delaware Superior Court accusing Fox of discrimination, retaliation, sexism and misogyny.
These names offer investors sustainable dividend yields of 5%+ alongside attractive share price upside potential.
Carnival Corporation (CCL) was the worst-performing stock in the S&P 500 after the cruise line operator predicted much bigger losses than expected in the current quarter and full year.
Berkshire Hathaway bought more than $200 million of stock in the energy company and now holds a 23.5% stake worth about $12.6 billion
Some of the notable companies to have witnessed solid earnings acceleration as of now are Palantir Technologies (PLTR), Las Vegas Sands (LVS) and Informatica (INFA).
(Bloomberg) -- Most Read from BloombergSaudi National Bank Chair Resigns After Credit Suisse RemarkFirst Citizens to Buy SVB After Biggest Failure Since 2008Binance and Its CEO Sued by CFTC Over US Regulatory ViolationsStocks Pare Gains on Tech Weakness; Bonds Retreat: Markets WrapAmmar Al Khudairy, the chairman of Credit Suisse Group AG’s largest shareholder, has resigned just days after his comments helped trigger a slump in the stock and bonds that prompted the Swiss government to step in and
Real Money writer Doug Kass made mention this week a few times that he is building up a position in Charles Schwab Corporation . The stock has dropped some 30% since the implosion earlier this month in Silicon Valley Bank . Insiders have purchased over $6 million shares in aggregate since SVB's debacle.
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