Latest Market News
Major Asian financial institution DBS Bank has applied DeFi technology for a project backed by the Monetary Authority of Singapore. 1009 Total views 19 Total shares DBS Bank, a major financial services group in Asia, is applying decentralized finance (DeFi) for a project backed by Singapore’s central bank. DBS has started a trading test of […]
Citi analyst Keith Horowitz said Tuesday that a fresh mention of ongoing discussions between Wells Fargo & Co WFC, +2.09% and federal banking regulators amounts to “incremental positive news” for the bank. Wells Fargo said in a Monday filing it’s in “resolution discussions” with the Consumer Financial Protection Bureau on a number of the regulator’s […]
Pfizer Inc.’s PFE, +3.14% COVID-19 antiviral Paxlovid brought in $7.5 billion in sales in the third quarter of the year, against a FactSet consensus of $7.6 billion. The drug company also reiterated guidance for Paxlovid revenues in 2022, saying it still expects $22 billion in sales for the year. The FactSet consensus is $22.5 billion. […]
Big Oil’s influence over the Bitcoin network is growing stronger due to surging hash rates and distressed mining companies. 708 Total views 10 Total shares Surging Bitcoin (BTC) network hash rates are causing problems for mining companies but might be rolling out the red carpet for energy giants. The Bitcoin hash rate, the amount of […]
Shares of Container Store Group Inc. TCS, -6.08% dropped more than 6% in the extended session Tuesday after the retailer reported mixed fiscal second-quarter earnings and said foot traffic in its stores is slowing. Container Store earned $15.7 million, or 31 cents a share, compared with $27.2 million, or 54 cents a share, in the […]
Chegg Inc.’s stock CHGG, -2.13% initially soared 16% in extended trading Tuesday after the online-learning platform reported fiscal third-quarter revenue and earnings that exceeded Wall Street analysts’ forecasts. Chegg reported net income of $251.6 million, or $1.23 a share, compared with net income of $6.65 million, or 5 cents a share, in the year-ago quarter. […]