Posts in tag

earnings


Bloomberg China’s Very Bad Bank: Inside the Huarong Debt Debacle (Bloomberg) — It’s been 11 weeks since Lai Xiaomin, the man once known as the God of Wealth, was executed on a cold Friday morning in the Chinese city of Tianjin.But his shadow still hangs over one of the most dramatic corruption stories ever to …

LONDON — European markets were slightly higher on Wednesday morning as investors monitor economic data and corporate earnings. The pan-European Stoxx 600 inched 0.1% above the flatline in early trade, with basic resources adding 1.1% while telecoms slid 0.7%. Stocks in Europe received a mildly positive hangover from Asia-Pacific, where Chinese tech shares listed in …

LONDON (AP) — Ryanair, Europe’s biggest discount airline, says earnings for the current fiscal year are likely to be “close to breakeven” as continued travel restrictions delay its recovery from the COVID-19 pandemic. The pessimistic outlook came as the airline said Wednesday that the airline industry is facing a delayed recovery going into the peak …

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously said that ‘Volatility is far from synonymous with risk.’ So it seems the smart money knows that debt – which is usually involved in bankruptcies – is a very important factor, when you assess …

Credit Suisse Group AG A fire sale of stocks by a large U.S. investor burned Credit Suisse and Nomura Holdings Inc. The global investment banks said Monday that they could incur substantial losses after Bill Hwang’s firm Archegos Capital Management and its banks began liquidating huge positions in blue-chip companies. Large banks served as prime …

Goldman Sachs Group Inc. and Morgan Stanley were quick to move large blocks of assets before other large banks that traded with Archegos Capital Management, as the scale of the hedge fund’s losses became apparent, according to people with knowledge of the transactions. The strategy helped limit the U.S. firms’ losses in last week’s epic …

Despite posting some strong earnings, the market for M3 Technology Inc.’s (GTSM:6799) stock hasn’t moved much. We did some digging, and we found some concerning factors in the details. Check out our latest analysis for M3 Technology GTSM:6799 Earnings and Revenue History March 22nd 2021 Examining Cashflow Against M3 Technology’s Earnings Many investors haven’t heard …

A worker at an oil processing facility of Saudi Aramco, a Saudi Arabian state-owned oil and gas company, at the Abqaiq oil field. Stanislav Krasilnikov | TASS | Getty Images Oil giant Saudi Aramco reported a 44% slump in full-year 2020 results, but maintained its $75 billion dollar dividend payout, with CEO Amin Nasser describing …

WASHINGTON—The House passed the first of a pair of gun-control bills, a priority for Democratic leaders impatient over years of little success on the issue amid broad Republican opposition. The vote was 227 to 203 on a measure to expand background checks to nearly all gun sales. Eight Republicans supported the bill, while one Democrat …

Take a look at some of the biggest movers in the premarket: Okta (OKTA) – Okta tanked 10.5% in premarket trading after announcing it is buying customer management software provider Auth0 for $6.5 billion in stock. The provider of identity management software also reported quarterly earnings of 6 cents per share, compared to consensus forecasts …