Sections
Wall Street
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1.9KEarningsDiscover’s Q4 Revenue Narrowly Misses Wall Street Expectations
While Discover Financial Services reported a 78 percent increase in its fourth-quarter earnings, the company missed Wall Street expectations by 3 cents....
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5.1KEarningsGoldman’s Marcus Logs $35B In Deposits In 2018
Goldman Sachs saw its latest quarterly results beat Street estimates, helped by a combination of investment banking-related activity – but also by...
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3.3KRegulationAlexandria Ocasio-Cortez Joins House FinServ Committee
After two years of a lack of tough oversight, Wall Street firms should brace themselves for increased scrutiny as progressive U.S. Representative...
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2.6KEarningsCiti Weathers Trading Volatility as Mobile Efforts Gain Traction
Citigroup’s trading business may have been the focus on Monday (Jan. 14) upon releasing fourth-quarter results – injecting a bit of volatility...
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3.0KRegulationUS Rep Ocasio-Cortez Likely To Win Financial Services Committee Seat
In a move that could put a lawmaker against Wall Street and even some members of her own party, U.S. Rep. Alexandria...
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2.8KEconomyFrom Earnings Crunch To Credit Crunch?
By any reckoning, there may be a reckoning coming for stocks. The December no one wants to remember is in the rearview mirror,...
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2.3KAppleGoldman Predicts More Pain For Apple, Likens It To Nokia
Apple‘s lowered revenue guidance for the first quarter may not be enough, warned Wall Street firm Goldman Sachs, which said on Thursday...
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4.7KAppleCiti Latest To Lower Q1 iPhone Forecast
Apple was dealt more bad news on Friday (Dec. 28) when Citi Research cut its estimates for iPhone production in the first...
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2.9KCashOn Wall Street, Cash Is King For Worried Investors
As the saying goes in the investment community, “cash is king.” Generally speaking, the saying is one that applies to cash flow,...
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2.7KPartnerships / AcquisitionsSymantec Potential Buyout Offer Boosts Shares
Private equity firm Thoma Bravo has reportedly approached Symantec about acquiring the U.S. cybersecurity software company. CNBC cited a source familiar with the...
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3.6KRetailWill Amazon, eBay And Apple Have A Happy Holiday Season?
After Halloween comes the lucrative holiday shopping season — sorry, Thanksgiving, but you’re only a speed bump — but there are serious questions...
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2.3KEarningsAhead Of Apple Earnings, Apprehension Over Apps?
Wall Street waits with bated breath for Apple’s earnings. After all, a $1 trillion market cap implies hefty expectations for the tech giant....
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4.4KInvestmentsMicrosoft Pulls Ahead Of Amazon As Second-Most Valuable Tech Firm
Tech stocks – they used to feel like they were getting whipsawed. Now, they just feel like they go in one direction …...
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2.2KRetailHasbro Earnings Fall Short Of Q3 Estimates
With the fall of Toys R Us impacting sales, Hasbro fell short of third-quarter earnings and revenue estimates. The company reported revenues...
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4.1KPayments InnovationPayPal Shares Jump On Positive Venmo, Earnings News
Following a third-quarter earnings and revenue beat as well as a strong quarter for Venmo, shares of PayPal jumped 9 percent on...
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3.1KIPOUber’s IPO Value Pegged At $120B
For a potential initial public offering (IPO), Wall Street banks have reportedly given Uber proposals that value the company as high as...
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4.3KInvestmentsAs IPOs Rise, Red Ink Fails To Deter Investors
You know the acronym. IPO. Stands for Initial Public Offering. Or maybe it could stand for “It’s Profitable…Or not.” It doesn’t seem...
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4.9KReal EstateHomebuilder Downgrade A Tough Housing Market Harbinger?
Caution, warns a sell side analyst regarding homebuilder stocks, and the sector swoons. As seen on Friday (Sept. 21), homebuilder equities took...
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5.6KEconomyJPMorgan Predicts Next Financial Crisis In 2020
Citing an analysis by JPMorgan Chase, Bloomberg reported the Wall Street bank doesn’t think the next financial crisis will be as painful as...
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3.0KEarningsSquare’s Stock Rises 6 Percent After Analysts Say It’s FinTech’s ‘Best Idea’
Square‘s shares jumped 6 percent on Wednesday (Aug. 29) after an analyst raised its price on the company’s stock to $100 from...
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2.5KEarningsKohl’s Beats Street Expectations, But Weak Guidance Depresses Share Price
Despite an earnings report that came in above what analysts were forecasting for Q2, Kohl’s share price slid after weaker than desired...
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2.9KEarningsTencent’s Profit Drop Drags On Chinese, Tech Stocks
There’s a saying that Wall Street does not like surprises — and certainly not earnings surprises … at least not to the downside....
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2.4KEarningsOnDeck Sees Loan Originations Up 26 Pct In 2Q
OnDeck Capital reported second quarter results that showed continued growth in loan originations and improved credit quality metrics. Management stated on a...
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3.4KAppleApple Surpasses $1 Trillion In Market Cap
Apple became the first company trading in the U.S. to have a market capitalization of more than $1 trillion, hitting that milestone...
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3.4KRetailAmazon Could Hit $1T Market Cap Before Apple
Amid the race to reach $1 trillion in market capitalization, analysts are predicting that Amazon will win over Apple. Even so, Apple...
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5.1KEarningsFirst Data Sees Clover Volumes Up 50 Pct Year Over Year
Payments processor First Data posted results that topped expectations, buoyed by continued traction in its Global Business Services (GBS) segment, and with...
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4.0KEarningsWells Fargo’s Q2 Disappoints After Scandals
Wells Fargo, which is working to recover from a series of regulatory scandals that have impacted trust with customers, reported lower than...
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2.7KB2B PaymentsBanks, Shadow Lenders Risk ‘Race To The Bottom’ In Corporate Bond Market
Analysts are warning that rising competition among large lenders and shadow banks to issue junk bonds may cause a “race to the...
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4.5KFacebookExpanded Federal Probe Sinks Facebook Shares
Following news that the U.S. government probe into the Facebook data breach connected with Cambridge Analytica has widened, shares of the company...
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3.1KMarket ConditionsIPOs Make Comeback With $35.2B So Far In 2018
With 120 companies using initial public offerings (IPOs) to raise more than $35 billion on U.S. exchanges, companies are raising capital through...
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5.5KEarningsWalgreens Fiscal 3Q Results Top Street, But Retail Sales Slip
Walgreens Boots Alliance Inc.’s latest earnings results came in above the Street on Thursday (June 28), boosted by the buyout of several...
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3.1KeCommerceShopify Stock Tanks Post-Retail Sales Tax Decision
Shopify’s stock fell on Wednesday (June 27) following a recent U.S. Supreme Court ruling that will enable states to collect more online...
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4.1KEarningsKroger Beats Q1 Estimates Amid Restock Kroger
As Kroger cuts prices and tests out new ways to sell products with its Restock Kroger program, the grocer beat earnings estimates...
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5.0KRetailStitch Fix Gets A Stock Boost From Oprah
She still has the magic touch — though that might be putting it mildly. Stitch Fix’s share price hit $29 on Wednesday...
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2.9KRetailStitch Fix Surprises Wall Street, Debuts Stitch Fix Kids
Along with announcing the launch of Stitch Fix Kids, apparel company Stitch Fix announced that it beat Wall Street expectations on Thursday (June...
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2.1KEconomyJobs Report Spurs Some Optimism On The Street
Equities were up. Bonds were down. Investors, by and large, acted the way one might expect amid a jobs report that came...
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4.0KEarningsMoneyGram Seeks More Digital Gains In 2018
MoneyGram’s first-quarter revenue and earnings missed Wall Street expectations on Tuesday (May 8), but the company is reporting early benefits from a...
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4.9KRetailBlue Apron Looks To The Grocery Aisle After First Quarter Earnings
Meal kit delivery service Blue Apron is trying to build momentum beyond the first quarter as it eyes new sales channels to...
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3.4KMastercardMastercard Results Outpace Street As Cross-Border Volumes Top 21 Percent
Credit and debit spend higher? For Mastercard the answer was a resounding yes, as the global consumer remains quick to buy with...
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2.8KMobile ApplicationsSnap’s Stocks Take A Hit From Unpopular Redesign
Snap’s first-quarter sales fell short of analysts’ projections after its redesign, as shares fell as much as 19 percent in late trading....
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3.1KEarningsActive Daily Orders Come Up Short For Grubhub In Q1
Growth from markets that do not include major cities fueled Grubhub’s revenue growth in the first quarter of 2018, an increase that...
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4.2KEarningsFirst Data 1Q Report Beats Street Amid Traction In GBS, Clover Efforts
First Data reported earnings results on Monday (April 30) that topped Wall Street expectations, powered by organic growth and what looks to...
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5.6KEarningsEquifax Breach Costs Top $242M As Q1 Revenue Grows 4 Percent
Equifax’s ongoing data breach recovery efforts will soon bring a new chief technology officer and other top security and IT talent to...
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4.1KEarningsTwitter 1Q Delivers 69 Pct Growth In Ad Engagements
Twitter’s revenue growth continued in the first quarter of 2018, with its investments in personalized content and video advertising helping the social...
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2.6KMarketsMicrosoft Catches Up To Amazon In Market Value
Apple remains the largest company in the world, but the battle is on for No. 2, as Microsoft has rallied to be...
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4.4KEarningsBank Of America Beats 1Q Estimates, Mobile Makes Double-Digit Gains
Continuing the run of earnings beats for banks, Bank of America announced news on Monday (April 16) that loan growth helped lift...
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4.5KEarningsCitigroup Sees 1Q Surge In Mobile Banking, Beating Expectations
Amid headlines that corporate banking helped boost Citigroup profits, the firm also reported strength in its mobile and online initiatives, as evidenced...
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8.9KBankingGoldman Sachs Gearing Up To Enter Commercial Banking Market
Goldman Sachs has hired a senior engineer at JPMorgan to develop cash management tools as it eyes an entrance into the commercial...
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3.3KAmazonJPMorgan Chase Clients Can Now Get Stock Info From Alexa
JPMorgan Chase & Co. has announced a partnership with Amazon that allows its institutional clients to get stock information from Alexa. According...
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4.3KSizzle/FizzleMeal Kits Sizzle, iTunes Cards Fizzle, Tariffs Just Confuse
Who fizzled most this week from the news that a trade war looms, courtesy of the Donald Trump administration? There was the...
