Day: October 18, 2022

Oct 18
Lockheed Martin tops Q3 profit estimates, adds $14 billion to share buyback authorization

Government defense contractor Lockheed Martin Corp. LMT, +2.03% posted net income of $1.778 billion, or $6.71 a share, for the third quarter, up from $614 million, or $2.21 a share, in the year-earlier period. Sales rose to $16.583 billion from $16.028 billion a year ago. The FactSet consensus was for EPS of $6.57 and sales […]

Oct 18
Goldman profit falls 44% but beats target; bank confirms reorganization plan

Goldman Sachs Group Inc. GS, +2.24% shares rose 2% in pre-market trades on Tuesday after the bank topped its third-quarter earnings and revenue targets and confirmed a reorganization plan. Goldman Sachs reported a drop in third-quarter net income to $2.96 billion, or $8.25 a share, from $5.28 billion, or $14.93 a share, in the year-ago […]

Oct 18
Meta again ordered to sell Giphy by U.K. regulator

Steven Goldstein is based in London and responsible for MarketWatch’s coverage of financial markets in Europe, with a particular focus on global macro and commodities. Previously, he was Washington bureau chief, directing MarketWatch’s economic, political and regulatory coverage. Follow Steve on Twitter: @MKTWgoldstein.

Oct 18
Web3 infrastructure firm ChainSafe raises $18.75M as attention shifts to GameFi

The Canadian company is focused on multi-chain R&D and blockchain gaming, which is a growing industry that’s expected to achieve multi-billion-dollar valuations. 1062 Total views 34 Total shares Canadian Web3 infrastructure company ChainSafe has closed an $18.75 million funding round that was backed by prominent industry venture firms, putting the company on track to expand […]

Oct 18
Vir begins dosing participants in Phase 2 clinical trial for new type of flu shot

Vir Biotechnology Inc. VIR, +4.50% said Tuesday that it began dosing participants in a Phase 2 clinical trial evaluating its experimental monoclonal antibody to prevent illness from influenza A. The investigational therapy is an intramuscular dose that has been designed to prevent seasonal flu and influenza A, which has previously caused flu pandemics, including the […]

Oct 18
Coronavirus tally: Trump aides blocked health officials from providing accurate information to Americans, report finds

Trump administration aides “usurped control of CDC communications and blocked public health officials from providing accurate information about the coronavirus to the American people,” the House Select Subcommittee on the Coronavirus Crisis, led by Democratic Rep. Jim Clyburn, said in a report released Monday, as CNN reported. In its third investigation into the government response […]

Oct 18
The Australian dollar is trying to rise. Overview for 18.10.2022

The Australian dollar remains in a weak position against the US dollar, although it is trying to bounce back. The current quote in the AUDUSD is 0.6308. Relations with China are coming to the fore for Australia. The Prime Minister said today that Australia should cooperate with China wherever possible. China has cancelled its planned […]

Oct 18
The Pound’s rise has come to a halt. Overview for 18.10.2022

The British pound sterling has stabilised against the US dollar. The current quote in GBPUSD is 1.1343. The political news stream in the UK is brimming with events and emotions, but at the moment the pound is “not paying attention”. The “focus” is the Bank of England and what is happening with it: investors are […]

Oct 18
Intel’s Mobileye sets IPO terms, which could value the company at up to $15.9 billion

Intel Corp.’s INTC, +1.97% Mobileye Global Inc. has set terms for its initial public offering, in which the advanced driver assistance systems (ADAS) and autonomous driving technologies company looks to raise up to $820 million and be valued at up to $15.93 billion. Mobileye plans to offering 41.0 million Class A shares in the IPO, […]

Oct 18
Mango Markets exploiter said actions were ‘legal,’ but was it?

A crypto lawyer believes the Mango Markets exploiter Avraham Eisenberg could still face consequences despite users supposedly agreeing not to pursue legal action. 551 Total views 7 Total shares The $117 million Mango Markets exploiter has defended that their actions were ‘legal,’ but a lawyer suggests that they could still face consequences. Self-described digital art […]