Tag: brokerswatch
Danske Bank DANSKE, +12.05% shares surged 11% — the top performing Stoxx Europe 600 component — after booking an additional provision of 14 billion kronor ($1.9 billion) for potential fines from U.S. and Danish authorities over money laundering in Estonia. “Our dialogue with the authorities is ongoing, and while there is still uncertainty that a […]
Oil futures settled higher on Thursday, stretching their gains into a third straight session on the back of U.S. GDP data showing that the nation’s economy grew at an annual 2.6% pace in the third quarter, following two straight quarters with declines. U.S. benchmark West Texas Intermediate crude for December delivery CLZ22, +1.06% rose $1.17, […]
Shares of Amazon.com Inc. AMZN, -4.11% sank 4.6% in afternoon trading, and has now lost 8.6% in two days, as investors prepped for the ecommerce giant’s third-quarter results after the closing bell. The stock has declined the day after results were reported 6 times in the last 8 quarters, with an average decline of 5.1% […]
Gold futures declined on Thursday, a day after prices posted their highest finish in nearly two weeks. The precious metal saw prices drop after a better-than-expected U.S. GDP number, with the thinking being that a more robust growth number would strengthen the Federal Reserve’s “resolve to keep hiking” interest rates, said Brien Lundin, editor of […]
Northrop Grumman Corp. [s: noc] stock fell 3.9% before market open on Thursday. The defense company earned $5.89 a share, which included an 18 cent unfavorable impact from marketable securities, compared with earnings of $6.63 a share in the same period last year. Analysts surveyed by FactSet were looking for earnings of $6.08 a share. […]
Shares of Hertz Global Holdings Inc. HTZ, -1.35% fell 4.7% in premarket trading Thursday, after the car rental company beat earnings expectations but reported a big drop in margins as intentionally elevated maintenance costs addressed out-of-service levels. Net income rose to $577 million, or $1.33 a share, from $571 million, or $1.13 a share, in […]
Traders are considering the possibility that Fed policy makers will deliver a smaller-than-expected 50-basis-point rate hike next week, instead of the widely expected 75-basis-point increase. The chance of a half-point hike was as high as 11% on Thursday, up from 1.6% a week ago. Meanwhile, the likelihood of a 75-basis-point hike has dropped to 89%, […]
Microsoft Corp. MSFT, -2.00% disclosed Thursday that Chief Executive Satya Nadella’s 2022 remained at $2.50 million for the third-straight year, but his total compensation climbed 10.2% to $54.95 million. The total compensation included stock awards and performance stock awards valued at $42.27 million at the grant date, up from $33.04 million a year ago, and […]
The Tesla Cyberquad for Kids all-terrain vehicle (ATV) by Radio Flyer was recalled, as it failed to comply with federal mandatory safety standard requirements for youth ATVs. The recall affects about 5,000 units of the model number 914, which have both the Tesla “T” and Radio Flyer logos printed on the batteries, and were sold […]
U.S. stocks opened higher as investors digest fresh economic data and the European Central Bank’s decision to hike interest rates by three-quarters of a percentage point to fight inflation. The Dow Jones Industrial Average DJIA, +1.14% rose around 1.2% soon after the opening bell, while the S&P 500 SPX, -0.12% gained 0.4% and the Nasdaq […]
