James Gorman, Morgan Stanley’s former CEO, just bought a big chunk of Disney stock. On Wednesday, the day after Disney’s stock slumped, Gorman paid $2.1 million for 20,000 shares, an average price of $106.03 each. He now owns 20,467 Disney shares, according to a form Gorman filed with the Securities and Exchange Commission.
China has been pushing for businesses to leave the door open for customers to use cash, with foreigner visitors saying they're struggling to spend.
For many, the main point of investing is to generate higher returns than the overall market. But the main game is to...
Singtel is increasing dividend for the third year
Nvidia's quarterly results blew away estimates again on Wednesday, and as the company moves to its next-generation chips its CEO sees supply, not demand, serving as its biggest challenge.
Nvidia said Wednesday its quarterly net profit rocketed by seven times year-on-year on demand for its chips to power artificial intelligence in data centers.The California-based company reported a net profit of $14.9 billion, while its revenue of $26 billion was almost four times what it took in during the same fiscal quarter last year.
Company says losses are result of recent merger but share price has dropped 13.2% since Friday
Making a million dollars is no easy task if you're starting from scratch. It's going to take some combination of time, luck and work. Sometimes, though, if you're starting with some money, you can let...
Power Corporation of Canada (Power Corp) has shut its China investment unit and dismissed all staff, said two people briefed on the matter, becoming the latest Western financial firm to pull back amid the country's economic challenges. Power Sustainable, which is the asset management arm of Power Corp and manages $4.5 billion of assets globally, started laying off all of its 17 local staff in recent weeks as it moved towards shutting down the Shanghai-based unit, said the people. Economic slowdown has seen many of the Western financial firms that scrambled to expand China operations a few years ago take a hit on their earnings and rein in their ambitions for what was a key piece of their global growth strategy.
Vincent Wasney returned home from cruise in thousands of dollars of medical debt
Over the past five years, there were three US stocks that beat the 93% return of the SPDR S&P 500 ETF (NYSE: SPY). And no, they are not any of the Magnificent 7 stocks. The post Forget the S&P 500 ETF: These 3 US Stocks Gave Better Returns appeared first on The Smart Investor.
The stock rebounded from a Monday loss sparked by disappointing results from Li Auto. XPeng’s earnings were surprisingly strong.
iA Financial Corporation Inc.'s ( TSE:IAG ) investors are due to receive a payment of CA$0.82 per share on 17th of...
A strong US economy and an uptick in inflation led the Federal Reserve's rate-setting committee to conclude that progress against rising prices had stalled, according to minutes of its most recent meeting published Wednesday.The minutes of the two-day Federal Open Market Committee (FOMC) meeting show that policymakers generally felt that "recent data had not increased their confidence that inflation was moving sustainably toward two percent."
Several key Asian share benchmarks fell on Thursday as markets digested the implications of policymakers in major economies preferring to take patient approach to monetary easing amid sticky inflation. MSCI's broadest index of Asia-Pacific shares outside Japan lost 0.57%. Australia's S&P/ASX 200 index was one of the biggest decliners, slumping 0.8%, also hurt by a pullback in some commodity prices.
XPeng stock rose Tuesday after the Chinese electric-vehicle maker reported better-than-expected first-quarter numbers. A year ago, XPeng reported a per-share loss of 38 cents on sales of $573 million. Quarterly gross profit margins were about 13%, up about 11 percentage points year over year and about two percentage points better than analysts’ forecasts.
Analysts raised their price target for the computer maker’s stock to $170 from $125, and maintained a Buy rating on the stock.
Gold prices dipped over 1% on Wednesday as the gold rally cooled with investors booking profits, as traders pulled back from bets on Federal Reserve's rate cuts this year. Spot gold fell 1.8% to $2,377.43 per ounce by 1858 GMT. "You're seeing some week-long liquidation, some profit taking by the shorter term futures traders; all of which is not unusual in a market that hit a record high," said Jim Wyckoff, senior analyst at Kitco Metals.
Asian markets diverged Thursday after minutes from the Federal Reserve's most recent policy meeting indicated officials would keep interest rates elevated for some time as they struggle to bring inflation down to target.And confidence took another blow Wednesday when minutes from the Fed's April-May meeting showed policymakers were frustrated with the slow progress in bringing inflation down to their two percent goal.
JPMorgan Chase CEO Jamie Dimon has bumped up his retirement plans, the longtime head of America’s largest bank said Monday.
If you're nearing retirement age or freshly retired, it's critical to understand how to manage your financial life, and how it differs from when you were making a salary. For You: 7 Bills You Never...
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