As investors wrap up one of the most challenging years on record, signs of life in the M&A market suggest risk appetite might be increasing as we approach the new year. U.S. investors were met with at least $40 billion worth of deals ahead of the open Monday, led by Amgen’s acquisition of Horizon Therapeutics, Microsoft’s new stake in the London Stock Exchange Group, Coupa Software’s sale to Thoma Bravo, and a move by Weber to go private. This deluge of deals in one of the year’s final… Source link
Read More »Google Cloud a bright spot amid lackluster Q3 earnings
The news: Google’s parent company Alphabet fell short of investor’s expectations in its Q3 earnings. Alphabet’s growth has decelerated for five consecutive quarters, with revenues coming in at $57.5 billion, short of the anticipated $58.3 billion. The company’s shares have fallen 28% this year compared with the S&P 500’s 23% drop. Combined with Microsoft’s earnings report, showing the slowest growth in five years, the tech giants’ performance pulled the stock market down. As of… Source link
Read More »Bank expected to report lackluster Q1 results
JPMorgan Chase & Co. (JPM), the largest U.S. bank by assets, is the first among a lineup of mega banks to unveil first quarter results this week as earnings season kicks off. The company has been a strong outperformer in the banking sector, which lagged the broader market meaningfully this year amid concerns over U.S. bank ties to Russia and worries of an economic slowdown. Still, shares of JPMorgan are down 18.7% year to date. JPMorgan released its quarterly results Wednesday. Here were the… Source link
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