Baker Hughes stumbles upon missing fourth-quarter earnings estimates Activist investor Elliott Management takes stake in Salesforce Tokens on track for biggest daily gain since November Indices up: Dow 0.98%, S&P 1.41%, Nasdaq 2.09%, NEW YORK, Jan 23 (Reuters) – Wall Street surged on Monday, led by tech stocks as investors embarked on an earnings-heavy week …
Wall Street surges, propelled by the technological rebound Read More »
Jan 20 (Reuters) – Crypto firm Genesis’s lending unit filed for U.S. bankruptcy protection against creditors on Thursday, overturned by a market rout with companies like exchange FTX and the BlockFi lender. Genesis Global Capital, one of the biggest crypto lenders, froze client redemptions on November 16 after FTX stunned the financial world with its …
Genesis crypto lending unit files for bankruptcy in the US Read More »
Procter & Gamble tumbles after commodity price pressure warning Netflix down ahead of quarterly results Dow down 0.76%, S&P 500 down 0.76%, Nasdaq down 0.96% NEW YORK, Jan 19 (Reuters) – U.S. stock indexes closed lower on Thursday after data indicating a tight labor market rekindled concerns that the Federal Reserve would continue its aggressive …
Wall St slides as labor market data fuels Fed concern Read More »
DAVOS, Switzerland, Jan 18 (Reuters) – Microsoft Corp (MSFT.O) said on Wednesday it would cut 10,000 jobs and take a $1.2 billion charge from profits as its cloud computing customers reassess their expenses and that the company prepares for a possible recession. . The layoffs add to the tens of thousands announced in recent months …
Microsoft to cut 10,000 jobs, adding to tech layoff glut Read More »
Fed’s Bullard and Mester raise return rates U.S. retail sales tumble in December Indices down: Dow 1.28%, S&P 1.07%, Nasdaq 0.78% Jan 18 (Reuters) – Major Wall Street indexes fell on Wednesday after weak economic data and hawkish comments from Federal Reserve officials raised concerns that the central bank will not suspend interest rate hikes …
Wall St stumbles after weak data, hawkish Fed comments Read More »
Jan 17 (Reuters) – Goldman Sachs Group Inc (GS.N) reported a bigger-than-expected 69% drop in fourth-quarter profit on Tuesday as it battled a drop in deals, lower revenue from the asset and wealth management and recognized losses in its consumer business. Wall Street banks are making drastic staff cuts and streamlining operations as trading activity, …
Goldman misses earnings estimates as deals slump and consumer business hits Read More »
Jan 17 (Reuters) – Bitcoin is in charge in 2023, dragging the crypto market to the ground and electrifying bonk, a new meme coin. The No. 1 cryptocurrency posted a 26% gain in January, surging 22% in the past week alone, climbing back above the $20,000 level and setting itself on course for its best …
JPMorgan and Wells Fargo shares jump US consumer inflation expectations are easing – survey Tesla drops after electric vehicle price cuts Indices: Dow up 0.3%, S&P 500 up 0.4%, Nasdaq up 0.7% NEW YORK, Jan 13 (Reuters) – The S&P 500 and Nasdaq ended Friday at their highest levels in a month as shares of …
S&P 500 closes at month’s high, indices gain for a week as earnings kick in Read More »
FTX valued a year ago at $32 billion Over $8 billion in missing FTX client funds FTX Affiliate Sales Plan Presented in Court NEW YORK/WILMINGTON, Delaware, Jan 11 (Reuters) – Crypto exchange FTX has recovered more than $5 billion in liquid assets, but the scale of customer losses in the collapse of the company founded …
Failed Crypto Exchange FTX Recovered Over $5 Billion, Lawyer Says Read More »
US private sector payroll rises more than expected The first weekly jobless claims fall Tesla declines as Chinese-made vehicle sales plummet Indices down: Dow 1.02%, S&P 1.16%, Nasdaq 1.47% Jan 5 (Reuters) – Major Wall Street indexes fell more than 1% on Thursday, with the Nasdaq leading the declines, as evidence of a tight labor …
Wall St falls more than 1% as jobs data fuels fears of further Fed tightening Read More »
