Press Release Category: Finance

Global Stocks Rally; Haven Trades Retreat With Oil: Markets Wrap

(Bloomberg) — Global stocks rallied and haven trades fizzled on Tuesday amid optimism that geopolitical tensions in Ukraine may be easing.Most Read from BloombergRussia Says Some Troops Are Returning to Base After DrillsHere’s What the Pandemic Has in Store for the World NextPutin Signals Talks With U.S. to Go On as Some Drills EndSarcasm in…

 1 readers

The Chip Shortage Will Linger. These 4 Stocks Are a Good Way to Stay Protected.

Updated Feb. 11, 2022 11:35 pm ET / Original Feb. 11, 2022 7:40 pm ET Order Reprints Print Article About a week ago, I spent a few hours at my local Chevy dealer buying out the lease on my 2018 Bolt, with brand new LG batteries—the old ones were recalled because they risked bursting into…

 2 readers

Enphase Energy stock soars after big profit beat; CFO to retire for personal reasons

Shares of Enphase Energy Inc. ENPH, +2.65% soared 18.4% toward a five-week high in premarket trading Wednesday, after the energy technology company reported fourth-quarter profit that was well above expectations and record revenue, while also saying Chief Financial Officer Eric Branderiz will retire after about four years with the company for personal reasons. Branderiz, who…

 6 readers,  3 today

Bitcoin (BTC) Consolidates Friday’s Breakout with a $41,000 Hold

Following Friday’s 11.41% surge, Bitcoin (BTC) held onto $41,000 levels on Saturday. Finding support at $41,000, with a dip to a day low $40,963, was key on the day.Last week’s tech stock rout and late in the week rebound contributed to Bitcoin’s change in fortunes. A number of negative factors for Bitcoin and the broader…

 6 readers,  2 today

Facebook Owner Meta Set for $200 Billion Wipeout, Among Worst in Market History

(Bloomberg) — Meta Platforms Inc.’s one-day crash could rank among the worst in stock-market history.Most Read from BloombergU.K. Scrambles Fighter Jets to Intercept Unidentified AircraftOmicron Sub-Variant May Cause New Surge of Infections in Current WaveTesla, Who? Biden Can’t Bring Himself to Say It — and Musk Has NoticedMeta’s Shares Collapse After TikTok Steals Users From…

 3 readers

Chevron shares slide premarket after profit falls short of consensus but revenue beats

Chevron Corp.s shares CVX, +2.02% slid 3.7% premarket Friday, after the energy giant posted weaker-than-expected fourth-quarter profit, weighing against record earnings for the full year amid strong oil prices. Chevron posted net income of $5.1 billion, or $2.63 a share, in the quarter, swinging back from a loss of $665 million, or 33 cents a…

 4 readers

Strip-Bar Habit Worth $220,000 Hangs Over Swiss Banker on Trial

(Bloomberg) — The former head of a Swiss bank goes on trial Tuesday charged with enriching himself and others through millions of dollars in side deals and illegal expenses including racking up a 201,267 Swiss-franc ($220,000) tab at a string of cabarets, strip clubs and “contact bars.”Most Read from BloombergStocks Storm Back From 4% Rout…

 2 readers

Microsoft buying Activision Blizzard could really hurt GameStop: analyst

Microsoft’s purchase of gaming publisher Activision Blizzard for $68.7 billion could bring pain to struggling retailer GameStop.”Microsoft’s acquisition of Activision Blizzard changes the scope of key inputs into our prospective GameStop model. Both companies are key vendors to GameStop. A combo fortifies power over the retailer; could reshape volumes for Activision titles if made exclusive…

 2 readers

Taiwan Semiconductor Stock Poised For Breakout After Earnings Beat

Taiwan Semiconductor Manufacturing (TSM), the world’s largest chip foundry, on Thursday beat analyst estimates for the fourth quarter. TSM stock popped higher in early trading. X Taiwan Semi earned $1.15 per U.S. share in the December quarter, up 19% from the year-earlier period. Analysts expected earnings of $1.12 a share, according to FactSet. The company’s…

 1 readers