Shares of CrowdStrike plummeted after the company's third-quarter earnings results showed its Q4 revenue guidance missed expectations.
Standing here at the tail end of 2022, we can see the next year through the mist of uncertainty – and for now, that view is dominated by high inflation, rising interest rates and potential recession. Looking at the market situation, Goldman Sachs strategist Christian Mueller-Glissmann writes: "We remain defensive for the 3-month horizon with further headwinds from rising real yields and lingering growth uncertainty... The growth/inflation mix remains unfavorable – inflation is likely to normaliz
Americans trying to save some cash for unforeseen expenses are up against a lot — months of red-hot inflation, wages that don’t keep up, the sheer difficulty of delayed gratification in a time when people spend billions of dollars online in one day. “It won’t happen, it has never happened and unless employers start to help employees do that, we’re heading, really, down hill very fast,” she said. The savings rate has not been helped by the end of pandemic-era government benefits.
Investors may be reacting to positive short-term news, but a longer-term development also provided them with a boost of confidence.
The stock market rally awaits Fed chief Jerome Powell and key economic data. Three Dow stocks are near buy points.
It has been a difficult year for SoFi (NASDAQ: SOFI) shareholders, with shares of the one-stop-shop financial services company down a whopping 70% so far this year. Like most tech and fintech stocks, the company has struggled in the face of rising interest rates, volatile market conditions, and a bleak economic outlook including the potential for a recession sometime in 2023 or 2024. The company has also taken several big steps, including completing its purchase of Golden Pacific Bancorp and its accompanying bank charter at the very start of this year.
It should be obvious that billionaires don’t accumulate wealth by accident. Their success is predicated on observation and savvy investment, and a privileged background helps. Billionaires like Microsoft Corp. co-founder Bill Gates likely saw an opportunity for land investment to return tenfold, by way of food shortages, well ahead of time. So it should be no surprise that the real estate investing platform Arrived Homes, backed by Amazon.com Inc. founder Jeff Bezos is taking off. He had the for
Who wouldn't want to retire early? The question is, how much will it cost? Here's a quick and dirty way to get an answer.
Amazon's stock could see some further selling. Here's how much, estimates one tech analyst.
XPeng expects to deliver about 20,500 vehicles in the fourth quarter, down from 29,570 delivered in the third quarter and 34,422 in the second quarter of 2022.
Financial experts break down what you need to earn to afford a median-priced home in the United States.
If bank assets are marked to market, the U.S. sector is insolvent, according to an independent analyst.
"The decision ... is in no way a reflection of the quality of the BBH franchise," said State Street Chairman Ron O'Hanley. The termination of the deal does not require either BBH's unit or State Street to pay any penalties. Shares of State Street rose nearly 2% before the bell.
Shares of Israeli container shipping company ZIM Integrated Shipping Services (NYSE: ZIM) tumbled 3.4% through 11:05 a.m. EST Monday -- and it's no huge secret why. Across the shipping world, stocks including ZIM, Costamere, and Danaos Corporation are all sliding today. As multiple media outlets have reported, protests against a government "zero-Covid" policy are spreading across China, threatening both the ruling regime's stability, the country's economy, and its ability to produce products that would need container shipping services to reach foreign markets.
The largest U.S.-based cryptocurrency exchange Coinbase Global Inc. announced that its wallet will no longer be supporting Ethereum Classic (ETC), Bitcoin Cash (BCH), XRP and Stellar (XLM).
Royal Bank of Canada7 (TSX: RY) (NYSE: RY) today reported net income of $15.8 billion for the year ended October 31, 2022, down $243 million or 2% from the prior year. Diluted EPS8of $11.06 remained unchanged from the prior year. Our consolidated results include total PCL of $484 million compared to $(753) million last year, primarily reflecting lower releases of provisions on performing loans in Personal & Commercial Banking and Capital Markets due to unfavourable changes in our macroeconomic o
UiPath's (PATH) third-quarter fiscal 2023 revenues are likely to have surged year over year.
Credit Suisse shares and bonds took another hit on Wednesday in a sign the embattled Swiss bank is struggling to regain investor confidence ahead of a planned $2.4 billion fundraising to help pay for a major overhaul. Credit Suisse rights for its 2.24 billion Swiss francs ($2.4 billion) share issue were down 3%, having reversed initial gains. The bank's bonds were also under pressure, with additional tier 1 dollar bonds down as much as 2.7 cents and many sinking below the levels seen during a sell off in the bank's shares and bonds in early October, Tradeweb data showed.
ConocoPhillips ( NYSE:COP ) will increase its dividend from last year's comparable payment on the 13th of January to...