News

Oct 20
Quest Diagnostics earnings fall but beat expectations, even as COVID-19 testing revenue drops 55%

Quest Diagnostics Inc. DGX, +5.29% reported Thursday third-quarter profit and revenue that fell from a year ago but beat expectations, as base business performance rebounding in the latter part of the quarter to help offset inflationary pressure and declining COVID-19 volumes. The health diagnostics information services company’s stock was still inactive in the premarket. Net […]

Oct 20
Google sued by Texas AG for handling of biometric data of millions

Texas Attorney General Ken Paxton on Thursday sued Alphabet Inc.’s GOOGL, +0.71% GOOG, +0.60% Google, claiming it collected biometric data for millions of Texans without obtaining proper consent. “For more than a decade, Texas has prohibited companies from capturing Texans’ biometric data – including the unique characteristics of an individual’s face and voice – without […]

Oct 20
Alaska Air’s 3Q results boosted by ‘busiest travel season in two years’

Alaska Air Group Inc. ALK, -2.90% reported its third-quarter results before market open on Thursday, boosted by what the carrier’s CEO described as the busiest travel season in two years. The company’s shares rose 1.66% before market open, after ending Wednesday’s session down 1.16%. Alaska Air reported third-quarter revenue of $2.828 billion, compared with $1.953 […]

Oct 20
The Euro has retreated after all. Overview for 20.10.2022

The main currency pair was slightly below previous levels by Thursday. The current quote in EURUSD is 0.9770. There was no particularly “minor” news on the ground. But investors were sensitive to the global “mood” and started to walk away from the risks. US statistics released the day before were mixed. The number of building […]

Oct 20
Kraken crypto exchange is next to close doors to Russian users

Kraken is the latest cryptocurrency exchange to restrict accounts of Russian users on its platform in compliance with sanctions from the European Union. On Oct. 19, Kraken sent out email statements to its Russian clients to announce that the exchange is halting services to its Russian customers. “Due to the new European legislation, we have […]

Oct 20
Byron Trott’s BDT merging with Michael Dell’s MSD

An earlier version of this article incorrectly characterized Michael Dell’s role in MSD. This has been corrected. BDT & Company Holdings LLC and MSD Partners LP said they would combine in a merger of two investment firms involving billionaires. The name of the combined firm had not yet been determined. Billionaire Byron Trott of BDT, […]