Reported about 1 month ago
Citi's banking chief, Vis Raghavan, announced that despite ongoing concerns related to U.S. tariffs, the bank expects its banking fees and trading revenue to increase this quarter. Banking fees are projected to grow by a mid-single digit percentage year-over-year, while trading revenue may see a rise of mid-to-high single digits. Although dealmaking has slowed due to tariff-induced market instability, signs of recovery are emerging, particularly in the M&A sector and among IPOs for tech firms. To support this growth, Citi plans to expand its workforce in multiple global regions.
Source: YAHOO
Reported about 1 month ago
Source: INVESTORS
Reported about 1 month ago
Core & Main (CNM) announced quarterly earnings of $0.52 per share, matching estimates but showing a year-over-year increase from $0.49. The company reported revenues of $1.91 billion, exceeding expectations by 4.29% and up from $1.74 billion last year. Although CNM has performed well this year, with a 16.5% increase in stock value, future performance remains uncertain, influenced by management's earnings call and industry outlook.
Source: YAHOO
Reported about 1 month ago
Wells Fargo forecasts that U.S. consumer loan growth will remain subdued or may even decrease this year, according to Chief Financial Officer Mike Santomassimo. He expressed uncertainty about commercial loan growth due to fluctuating U.S. tariff policies. Following the lifting of a cap on its assets owing to past scandals, Wells Fargo aims to enhance various sectors such as credit cards and investment banking. Despite a decline in deal-making this year, executives express optimism about future opportunities.
Source: YAHOO
Reported about 1 month ago
Source: BARRONS
Reported about 1 month ago
The cryptocurrency sector has gained mainstream acceptance, fueled by significant investments from the White House, major financial institutions, and university endowments. A new breed of publicly-traded companies, such as MSTR and DFDV, are positioning digital currencies at the core of their capital strategies, allowing investors to gain exposure to crypto through regulated equities. These companies trade based on their token holdings and net asset value (NAV), making them attractive alternatives for those facing barriers in the crypto market. While offering high returns, they also come with considerable risks, including regulatory changes and market volatility.
Source: YAHOO
Reported about 1 month ago
CarrierSource has unveiled Shipper Intent Data, a new feature designed to enhance freight sales by providing carriers and brokers with real-time insights into shipper behaviors and demand. This tool allows logistics providers to see how and when shippers are searching for capacity, enabling them to react swiftly and efficiently to opportunities. The introduction of this feature, supported by industry veteran Kevin Hill, aims to improve sales strategies and protect existing business by alerting users to potential competition for their clients. Following its release, CarrierSource has also begun delivering weekly reports on shipper activity to help users align their offerings with emerging market demands.
Source: YAHOO
Reported about 1 month ago
Source: BARRONS
Reported about 1 month ago
Source: BARRONS
Reported about 1 month ago
Source: BARRONS
Reported about 1 month ago
Source: BARRONS
Reported about 1 month ago
EToro and two other stocks are demonstrating relative strength and are currently in buy zones, suggesting potential investment opportunities.
Source: INVESTORS
Reported about 1 month ago
OpenAI has made a surprising move by partnering with Google's cloud service to meet its increasing computing demands for training AI models. This collaboration, finalized in May, marks a shift in the competitive landscape of the AI industry, as OpenAI seeks alternatives beyond its primary partner, Microsoft. The deal is part of OpenAI's strategy to enhance its computing capacity and diversify its resources while also underscoring Google's efforts to expand its cloud offerings amidst growing competition.
Source: YAHOO
Reported about 1 month ago
Tesla stock surged for the third consecutive day as the company prepares to launch its robotaxi service, now officially recognized as an autonomous vehicle operator in Austin, Texas. The recent easing of tensions between CEO Elon Musk and former President Trump further buoyed investor sentiment, contributing to a 5.7% increase in the stock.
Source: YAHOO
Reported about 1 month ago
Upcoming discussions between the US and China may lead to a temporary agreement, though its stability is questionable. Shehzad Qazi from China Beige Book International emphasizes the likelihood of a tactical understanding, while also addressing the implications of China's recent minimum wage increase on US companies operating there. Analysts suggest that despite efforts to formalize agreements, a shaky truce remains the best outcome.
Source: YAHOO
Reported about 1 month ago
Source: INVESTORS
Reported about 1 month ago
Source: WSJ
Reported about 1 month ago
Disney has agreed to pay nearly $439 million to Comcast's NBCUniversal for its remaining stake in the streaming service Hulu, gaining full control after having managed it since 2019. This deal wraps up a lengthy appraisal process and allows for deeper integration of Hulu's offerings with Disney's other platforms like Disney+ and ESPN. The transaction is expected to close by July 24, 2025, without impacting Disney's earnings forecast.
Source: YAHOO
Reported about 1 month ago
Source: BARRONS
Reported about 1 month ago
Source: WSJ
Reported about 1 month ago
Source: BARRONS
Reported about 1 month ago
As many Americans face rising economic concerns, near-retirees are advised to take proactive steps to secure their financial future. Financial expert Malcolm Ethridge recommends that those planning to retire within the next five years should focus on paying off their mortgage and converting two years’ worth of living expenses into cash. These strategies not only help ensure financial freedom and reduce monthly expenses but also provide psychological reassurance during a potentially volatile economic period.
Source: YAHOO
Reported about 1 month ago
A new breed of public companies is emerging, focusing on cryptocurrency accumulation as a primary strategy for capital and value creation. Unlike traditional firms like Tesla or Coinbase, which hold crypto for operational reasons, these Core Strategy companies prioritize their token holdings and net asset value, offering investors greater exposure to cryptocurrencies.
Source: YAHOO
Reported about 1 month ago
In a revealing YouTube video, former NFL MVP Cam Newton addressed the financial difficulties many retired athletes face, particularly their tendency to maintain extravagant lifestyles despite a decline in income. He emphasized that failure to adjust spending habits, particularly with ongoing expenses like housing and education, often leads to financial hardship. Newton advocated for tighter control over expenses and making wiser financial decisions to ensure a secure future after sports.
Source: YAHOO