Tag Archives: Financial

Canadians confident about financial literacy skills; investing remains a gap: Yahoo/Maru poll

Canadians confident about financial literacy skills; investing remains a gap: Yahoo/Maru poll

Less than half of respondents to a new Yahoo/Maru poll said they feel very confident in their financial literacy of stocks and bonds. A new survey shows many Canadians feel they have a sufficient level of financial literacy despite acknowledging that investing is still one major area they don’t understand. Seventy per cent of respondents to a new Yahoo poll, conducted by Maru Public Opinion, reported feeling confident in their financial literacy skills and have a “thorough understanding” or… Source link

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Twitter, Discover Financial, and more

Twitter, Discover Financial, and more

Twitter (TWTR): The White House said reports that the Biden Administration was discussing putting Elon Musk’s ventures under a national security review were “not true.” Twitter shares moved higher in extended trading on the news. Musk has until 5pm ET Friday to close the deal or face trial. Discover Financial Services (DFS): Shares fell in after hours trading after the credit-card issuer missed on earnings. Discover reported earnings of $3.54 per share, short of Wall Street’s estimate of… Source link

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Stock futures waver amid earnings reports from financial heavyweights

Stock futures waver amid earnings reports from financial heavyweights

U.S. stocks erased gains Friday as Wall Street’s biggest banks reported earnings and investors digested more inflation expectations. The S&P 500 (^GSPC) fell 1.7%, while the Dow Jones Industrial Average (^DJI) was down nearly 1%. The technology-heavy Nasdaq Composite (^IXIC) fell by 2%. Stocks turned sharply lower as a consumer survey from the University of Michigan showed inflation expectations increasing, marking the highest level in six months. “The uptick in inflation expectations probably… Source link

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Jacob Rees-Mogg to cut his financial links to Russian propaganda search engine Yandex

Jacob Rees-Mogg to cut his financial links to Russian propaganda search engine Yandex

The Business Secretary Jacob Rees-Mogg and the recently appointed Trade Minister, Dominic Johnson, are to offload their holdings in a firm that has strong financial links to a Kremlin propaganda machine, i can reveal. Mr Rees-Mogg and Mr Johnson are co-founders and shareholders in Somerset Capital Management LLP, which holds around 2.5 million shares in Russian internet giant Yandex. Known as Russia’s Google, Yandex pumps out pro-Kremlim search results on issues ranging from the war in… Source link

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Jacob Rees-Mogg to cut his financial links to Russian propaganda search engine Yandex

Jacob Rees-Mogg to cut his financial links to Russian propaganda search engine Yandex

The Business Secretary Jacob Rees-Mogg and the recently appointed Trade Minister, Dominic Johnson, are to offload their holdings in a firm that has strong financial links to a Kremlin propaganda machine, i can reveal. Mr Rees-Mogg and Mr Johnson are co-founders and shareholders in Somerset Capital Management LLP, which holds around 2.5 million shares in Russian internet giant Yandex. Known as Russia’s Google, Yandex pumps out pro-Kremlin search results on issues ranging from the war in… Source link

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AMD Announces Preliminary Third Quarter 2022 Financial Results

AMD Announces Preliminary Third Quarter 2022 Financial Results

Advanced Micro Devices, Inc. Preliminary third quarter revenue of approximately $5.6 billion, lower than prior outlook of $6.7 billion plus or minus $200 million, primarily due to weaker Client segment revenue Revenue for Data Center, Gaming, and Embedded Segments each grew significantly year-over-year and in-line with the company’s expectations Management to discuss financial results and outlook on Nov. 1 earnings call SANTA CLARA, Calif., Oct. 06, 2022 (GLOBE NEWSWIRE) — AMD (NASDAQ:AMD)… Source link

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2022 is exposing ‘freaky post-QE financial system plumbing,’ BofA says

2022 is exposing ‘freaky post-QE financial system plumbing,’ BofA says

The third quarter is a officially a wrap, and the stock market saw the Dow (^DJI) post its worst September performance in two decades — down nearly 2800 points, or 8.9% for the month — while the S&P 500 (^GSPC) and Nasdaq Composite (^IXIC) are now in the red three straight quarters for the first time since the Global Financial Crisis. And as investors prepare for the historically volatile (and crash-prone) month of October, some on Wall Street are coalescing around the idea that equities… Source link

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Google Cloud Boosts Syft’s Financial Reporting Application to Scale Beyond South Africa

Google Cloud Boosts Syft’s Financial Reporting Application to Scale Beyond South Africa

120,000 accountants and financial analysts use the application to analyze raw financial data, with over 1 million business reports generated since its launch JOHANNESBURG, Sept. 27, 2022 /PRNewswire/ — Google Cloud announced today a collaboration with Syft Analytics, a South African – based financial reporting application which processes significant volumes of financial data and provides insightful financial reports to accountants, financial analysts, and businesses. Syft Analytics will… Source link

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How Bed Bath & Beyond got itself in such a deep financial hole

How Bed Bath & Beyond got itself in such a deep financial hole

We’ve heard a lot recently about how the troubled Bed Bath & Beyond retail chain plans to solve its financial problems by changing its merchandising to include more national brands, taking out expensive loans, closing 150 stores, firing 20% of its workforce and potentially selling 12 million shares of new stock, which would raise some $100 million as of Friday’s closing price. (And, of course, there was more turmoil in recent days with the tragic suicide of Chief Financial Officer Gustavo… Source link

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