For the first time in more than a decade, Netflix Inc reported a loss citing the war in Ukraine, and fierce competition which led to a loss of subscribers; it has also forecast deeper losses ahead, marking an abrupt shift… Read More ›
Wall Street
Surging Treasury bond yields drag down Wall Street
Wall Street closed sharply lower on Monday with rising bond yields acting as a drag on the market’s growth stocks, ahead of the launch of crucial inflation data. All three major U.S. stock indexes ended deep in negative territory, with… Read More ›
Nike’s quarterly results expected to be lower than forecast: analysts
Ahead of Nike Inc’s quarterly results. Wall Street is expecting a gloomy outlook since sales of the sportswear giant in 2022 is expected to be significantly hit by rising COVID-19 cases in China and supply chain issues from the Russia-Ukraine… Read More ›
Alphabet Inc close to joining elite $2 trillion market valuation club
Alphabet Inc, Google’s parent company, is close in to join its peers, Microsoft Corp and Apple Inc in the elite $2 trillion market valuation club with the search engine giant’s shares surging more than 8% following a better than expected quarterly results…. Read More ›
Banks, Financial institutions, corporates to face increased compliance costs in 2022
2022 is set to be a turning point for US financial policy as the Biden Administration’s regulators ready a slew of regulations that are likely to increase the cost of compliance for Wall Street and corporate America. Biden’s top financial… Read More ›
Financial Industry Regulatory Authority proposes increased clarity on short positions
In a significant development, Wall Street’s self-regulatory body, the Financial Industry Regulatory Authority (FINRA), has proposed changes to its short-interest reporting requirements. The added disclosure is aimed at making the information more useful. The proposal seeks to amend changes to… Read More ›
Charles Sussman, BAML’s co-head of global oil trading departs
According to two sources familiar with the matter at hand, Charles Sussman, the managing director and joint-head of global oil trading at Bank of America Merrill Lynch (BAML), has left the company after having spent more than 10 years in… Read More ›
Private equity investor Thoma Bravo raises funds for SPAC: Sources
According to a source familiar with the matter at hand, private equity investor Thoma Bravo has hired an investment bank to raise funds for an initial public offering for a special purpose acquisition company (SPAC). The development marks one of… Read More ›
Trump Administration bans U.S. investments in Chinese companies owned/controlled by Chinese military
In a significant development, the Trump Administration has passed an executive order which prohibits U.S. investments in Chinese companies, which are owned or controlled by the Chinese military. The executive order is likely to impact some of China biggest companies,… Read More ›
Tokyo Stock Exchange suffers glitch in Arrowhead” trading system, trading suspended for entire day
On Thursday, the Tokyo Stock Exchange suspended trading of shares for the entire day following a glitch in its electronic trading system. The Tokyo Stock Exchange is the world’s third-biggest stock market. The outage has frustrated investor efforts to buy… Read More ›
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