Less than a month after Brian Armstrong declared Coinbase should “be laser focused on achieving its mission,” he seemingly violated his own policy by tweeting a political post riddled with falsehoods… during business hours. In an Oct. 23 tweet from Armstrong’s personal account, the Coinbase CEO posted a linkRead More →
By Simon Jessop LONDON (Reuters) – German fund manager Allianz Global Investors is pushing every company it invests in to improve their climate-related disclosures ahead of the season for annual shareholder meetings. Allianz GI, which manages 557 billion euros ($605.18 billion) as part of insurer Allianz (DE:), said it hadRead More →
Intel Corp.’s data-center sales crushed Wall Street estimates Thursday, pushing quarterly revenue atop the $20 billion mark for the first time, but the chip maker’s forecast reflected a conservative for the difficult-to-predict cloud market. Intel INTC, +0.94% shares jumped as much as 7% in after-hours trading Thursday after the companyRead More →
© Reuters. Traders work on the floor at the NYSE in New York By Stephen Culp NEW YORK (Reuters) – Technology shares led the S&P 500 marginally higher on Wednesday, as a healthy forecast from IBM helped mitigate worries over the developing coronavirus outbreak. The S&P 500 and the NasdaqRead More →
© Reuters. People are silhouetted against the setting sun at “El Mirador de la Alemana” in Malaga By Simon Jessop and Matthew Green LONDON (Reuters) – Move over revenue growth and dividend payouts: it’s time to take your portfolio’s temperature. Policymakers are pushing investors to do more to ensure theirRead More →
© Reuters. Investing.com – Stocks don’t respond well to rising interest rates. Sure enough, stocks fell back Friday when rates jumped thanks to a Labor Department report of a larger gain in non-farm payrolls than expected. The declines were sizable early in the day, but that attracted buyers who didn’tRead More →
Amazon is donating millions to address homelessness in Northern Virginia, where its new headquarters has already driven up the cost of housing. The mega-retailer will give $3 million to the Arlington Community Foundation in Virginia to “increase access to affordable housing for low-income families and veterans,” and $5 million toRead More →
U.S. stocks finished mostly higher Monday, with the S&P 500 rising for eighth session in a row, as investors geared up for a new earnings season. How did the benchmarks fare? S&P 500 index SPX, +0.10% bounced back to rise 3.03 points, or 0.1%, to 2,895.77, tying its longest winningRead More →
© Reuters. The German share price index DAX graph at the stock exchange in Frankfurt MILAN (Reuters) – European shares hit nine-week highs on Tuesday as a recovery in banks and gains in oil stocks on stronger crude prices and a solid update from major BP (LON:) helped offset someRead More →
Billionaire investor Stanley Druckenmiller might be the greatest investor alive today. His track record is astonishing. “Druck,” as he’s known, had 30 straight profitable years from 1980 to 2010. During that time, he earned an average of 30% a year. If you took $10,000 and compounded it at 30% aRead More →
© Reuters. Hedge fund pushes for share buyback at Gulfport to boost stock price By Svea Herbst-Bayliss BOSTON (Reuters) – Firefly Value Partners said on Thursday that it wants Gulfport Energy Corp. to buy back $500 million worth of shares, an action the hedge fund argues could help double theRead More →
© Reuters. FILE PHOTO: German Finance Minister Olaf Scholz attends a media briefing during his visit to Beijing By Michael Nienaber BEIJING (Reuters) – Germany and China are working on ways to improve market access for each other’s banks and insurers, the German finance minister said on Thursday, and heRead More →
© Reuters. FILE PHOTO: European Union flags flutter outside the EU Commission headquarters in Brussels By Francesco Guarascio BRUSSELS (Reuters) – The European Commission on Tuesday pushed back plans to end individual member states’ veto power on the introduction of a proposed tax on digital revenues by five years toRead More →
