Tag Archives: corporate

This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Monday, February 28, 2022 Corporate America is launching two of its own birds into Putin’s backyard for his invasion into Ukraine. Not airplanes, but one finger from each hand. Here are the first round of actions from a host of multinational companies that began to trickle in over the weekend: Transport giants FedEx and UPS have suspended shipments… Source link

Central bank jitters and intensifying geopolitical tensions have pummeled equity markets in recent weeks and sent the S&P 500 into correction territory Tuesday for the first time in two years. But despite a turbulent start to 2022, strong earnings momentum remains a tailwind for stocks. The S&P 500 Index is on pace to beat the consensus estimate for earnings per share at $208 as companies finish logging fourth-quarter results. The figure is 22% higher than the EPS of $170 analysts had… Source link

Progressive Congresswoman Alexandria Ocasio-Cortez (D-NY) told Yahoo Finance in an exclusive interview that corporate “price gouging” has fueled inflation, placing the blame largely on dominant companies that hike prices and rake in profits without fear of competition.  She strongly rejected claims that government stimulus in response to COVID-19 has caused the price spike, warning that such a diagnosis of the problem could lead to spending cuts with dire consequences for millions of people… Source link

The GameStop phenomenon hit corporate America in the coffers this week. On Sept. 16, MassMutual paid a $4 million fine to settle a litigation with Massachusetts securities regulators, according to a Wall Street Journal report.  The financial-services company got busted for not properly supervising Keith Gill, the 34-year-old MassMutual employee and YouTuber, who went by the alias “Roaring Kitty” on social media. Gill gained a cult-like following among retail investors on Reddit for posting… Source link

U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler will lean on corporate disclosures as the Biden administration sets its eyes on curbing anti-competitive behavior. In a meeting of the newly-formed White House Competition Council set to take place later this week, Gensler will also emphasize the agency’s examination of the impact of revenue models like payment for order flows, a senior SEC official told Yahoo Finance. The SEC is one of six independent agencies scheduled to… Source link

The stock market continues to ignore worsening headlines on the COVID-19 Delta variant front and climb to fresh records.  But given a shift in tone lately from corporate America, perhaps investors should be on high alert. Companies that had been bullish on the economic recovery from the depths of the pandemic are becoming increasingly cautious as the variant spreads. Here are three household names that have recently warned of a financial impact from the COVID-19 Delta variant. Investors may… Source link

By Jessica DiNapoli NEW YORK (Reuters) – The U.S. Securities and Exchange Commission approved a proposal from stock exchange operator Nasdaq Inc that requires its listed companies to have diverse boards, or explain why they do not. The proposal requires that companies have two diverse directors, including one who identifies as female and another as an underrepresented minority or LGBTQ+, or explain why they do not. Companies also have to publicly disclose the diversity of their boards. “These… Source link

TipRanks 2 Big Dividend Stocks Yielding 7%; Analysts Say ‘Buy’ Let’s talk about defending your portfolio. It’s a common impulse for most investors, when the economy starts to turn sour. We’re in a growth phase now, with economic activity rebounding strongly from the corona-crisis shutdowns, and with reopening getting into full stride, economists are predicting up to 8% GDP expansion this year. But there are clouds on the horizon. Inflation is rising, and the April jobs report was,… Source link

This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Thursday, May 13, 2021 It’s all about demand.  Inflation data published Wednesday left markets spooked.  Consumer prices rose at the fastest annual pace since 2008 in April, according to the latest data from the BLS, news that sent stocks tumbling with the S&P 500 (^GSPC) falling 2.1% on the day.  The simplest read on the market’s reaction to… Source link

TipRanks 3 “Strong Buy” Stocks Under $10 That Are Poised to Take Off COVID is receding, and markets are rising; those are the two trends that investors have most on their minds right now. It’s entirely sensible that they’ll go together. As the economy reopens, money will begin to circulate faster – and find its way in the equity market. With economic conditions improving, investors are on the lookout for the best returns in an expansionary environment. One natural place for them to… Source link