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Atlanta Federal Reserve President Raphael Bostic said on Friday that he’s “publicly posting corrected annual disclosure forms for every year I have been in office as president” because he had improperly disclosed financial transactions. “I want to be clear: at no time did I knowingly authorize or complete a financial transaction based on nonpublic information […]
Kimco Realty Corp. KIM, -1.96% said Friday that it sold off more than a quarter of its stake in Alberstons Companies Inc. ACI, -8.45%, after Albertsons announced the deal to be acquired by Kroger Co. KR, -7.32% in a deal valued at $24.6 billion. Kimco said it sold 11.5 million Albertsons shares to generate proceeds […]
Wells Fargo & Co. shares WFC, +1.86% rose 2% in premarket trade Friday, after the bank posted stronger-than-expected revenue for the third quarter, offsetting a profit miss. The bank posted net income of $3.528 billion, or 85 cents a share, for the quarter to end September, down from $5.122 billion, or $1.17 a share, in […]
JPMorgan Chase & Co. JPM, +1.66% shares rose 2.4% in premarket trades on Friday after the bank beat Wall Street targets for earnings and revenue. JPMorgan Chase said its third-quarter net income fell 16.7% to $9.74 billion, or $3.12 a share, from $11.69 billion, or $3.74 a share, in the year-ago quarter. Third-quarter revenue at […]
Bitcoin (BTC) delivered more surprises on Oct. 14 as the reaction to macro triggers saw a sudden run at $20,000. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Stocks, crypto smoke shorts Data from Cointelegraph Markets Pro and TradingView showed BTC/USD climbing to one-week highs, gaining almost $2,000 in hours. After the United States Consumer Price […]
U.S. stocks finished a week of extreme volatility sharply lower on Friday, even as the Dow posted a second weekly advance after inflation data showed little signs of pulling back from its roughly 8% advance in September from a year ago. The Dow Jones Industrial Average DJIA, -1.34% fell about 400 points, or 1.3%, ending […]