Tag Archives: Wall

(Reuters) – China’s top securities regulator defended their crackdown on various industries in a private meeting with Wall Street executives, Bloomberg News reported on Saturday. Investors’ concerns over the regulatory crackdown has led to sharp sell-offs on China’s share markets, reducing the market capitalisation of some of its largest companies including Alibaba Group Holding Limited. China Securities Regulatory Commission (CSRC) Vice Chairman Fang Xinghai explained during the meeting that… Source link

Stocks dipped in early trading on Tuesday, with Wall Street indices hovering close to last week’s record highs, with analysts closely watching the end of pandemic-era jobless benefits and its impact on the labor market as the COVID-19 pandemic clouds the outlook. Last week, the S&P 500 Index set an all-time high, and the Nasdaq Composite briefly hitting an intraday record, despite August’s jobs data falling far short of market expectations. While payrolls showed the economy creating a… 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 Wednesday, August 25, 2021 S&P 500 targets are rising left and right The calendar today reads August 25, but it’s starting to feel like the year is over.  Starbucks (SBUX) unleashed its Pumpkin Spice Latte on the masses Monday; the chain’s holiday-themed cups are now right around the corner. And Wall Street strategists have been issuing revised… Source link

Once again, Google is headed back to the drawing board to rethink its healthcare strategy. As first reported by Business Insider, the tech giant is dissolving its single, unified Google Health division, founded in 2018, in favor of a distributed approach to building health products. The head of the division, David Feinberg, is leaving the company, while an unknown proportion of Google Health employees will be sent to other teams at Google (like Search and Fitbit) to work on specific… Source link

Bitcoin (BTC-USD) may be holding above $46,000 Monday, but one prominent Wall Street strategist is still somewhat skeptical of the cryptocurrency. At a recent Yahoo Finance Plus webinar, Liz Ann Sonders, chief investment strategist at Charles Schwab, explained her principle misgiving about bitcoin, being careful to emphasize she doesn’t completely dismiss the cryptocurrency altogether. “I am an admitted skeptic to some degree. I’m not on either end of the spectrum — meaning I’m a skeptic,… Source link

An increase in mobility as more people get vaccinated for COVID-19 hasn’t changed much for the trajectory of Papa John’s (PZZA) business.  The pizza joint clobbered Wall Street sales and profit forecasts on Thursday, powered by demand for new Epic Stuffed Crust pizza and Papadia sandwiches. Here is how Papa John’s performed compared to Wall Street analyst forecasts for the second quarter: Adjusted Diluted EPS: $0.93 vs. $0.73 Net Sales: $515 million vs. $494.4 million Systemwide North America… Source link

By David French and Jessica DiNapoli NEW YORK (Reuters) – No calls, no emails and no meetings. That’s the order this week from Aquiline Capital Partners to its staff. The private equity firm is putting all employees on vacation, people familiar with the matter said. It’s an unusual move intended to recognize employees and avoid burnout from the physical and mental pressure of the COVID-19 pandemic and the frenetic pace of dealmaking. Aquiline has more than $6 billion in assets and over 60… Source link

Stock market futures rose in Monday’s after-hours session, indicating Wall Street would open higher on Tuesday, after rising COVID-19 infections reasserted themselves and ricocheted across markets. During Monday’s session, major benchmarks suffered their worst declines of 2021, overwhelming quarterly earnings that have almost uniformly reflected a strong rebound. The rising case count driven by the Delta variant — a more communicable form of COVID-19 — pushed the Nasdaq and S&P 500 to… Source link

Stocks sank on Monday, pushing Wall Street benchmarks lower even as second-quarter earnings results reflect a strengthening economic rebound, as rising worries over inflation and the resurgence of new COVID-19 infections rattled investors. This week’s batch of earnings will include industry leaders like Netflix (NFLX) and Johnson & Johnson (JNJ), offering a fuller picture of how companies are faring as more parts of the economy reopened in the spring and early summer. All eyes will also be on… Source link

Britney Spears nabbed a big win in her conservatorship battle this week, after Judge Brenda Penny ruled that the pop star can now hire the attorney of her choosing.   On Wednesday, the singer appeared over the phone for the second time in two years following last month’s headline-making hearing in which the 39-year-old pop icon claimed she’s been “traumatized” by an “abusive” legal arrangement that grants her father, Jamie Spears, broad authority over her personal and financial affairs,… Source link