Facebook and Alphabet, the parent company of Google, would both be in trouble in a broad market sell-off caused by the global coronavirus pandemic, analysts said, adding they’ve also “seen a lot worse” overall, CNBC reported. According to analysts from Evercore, both tech giants would...
When it comes to currency and global trade, “stability” seems like a quaint concept these days, an increasingly distant memory that takes on the trappings of nostalgia. One currency goes into crisis, and then another. The stolid figures of finance issue warnings that seem crafted...
Currency hedging has long been a part of global business and trade — but now it is becoming more important thanks to increasing economic and political volatility. In a new PYMNTS interview, Karl Schamotta, regional director of risk management solutions at Cambridge Global, which sells...
As the market grapples for momentum before companies report second-quarter earnings, rising wages may prove to be a headwind: Labor Department data indicates that the average hourly earnings rate rose 2.7 percent in June from the prior year. And, overall, wages have climbed a minimum...
With 120 companies using initial public offerings (IPOs) to raise more than $35 billion on U.S. exchanges, companies are raising capital through the markets at an uncommonly fast pace compared to the past 20 years. Dealogic data indicates that this year’s activity is the highest...
Bolstered by increasing home values and stock prices, The Fed said that American households gained $1 trillion in wealth over the first three months of 2018. Overall, household wealth in the U.S. was just over $100 trillion in a period spanning from January to March,...
Tim Cook, the CEO of Apple, had a meeting with President Donald Trump on Wednesday (April 25) in the Oval Office. Bloomberg reported that Cook entered the West Wing of the White House before the scheduled 1:45 p.m. meeting, later confirming after the two completed...
Tech stocks continued their bloodletting Monday (April 2), with everything technology related slumping, extending what is now a three-week decline as fears mount that these stocks are no longer the darlings of Wall Street and investors. According to The Wall Street Journal, FAANG stocks (Facebook, Amazon,...
It was a beat, for Citigroup, but maybe not as clean a beat as investors might have liked, muddied a bit by the latest credit metrics. The company said Thursday that its earnings were $1.42, which beat the Street by a dime. Some of that beat...
