Reuters / Scott Olson It’s a big week for the stock market with a deluge of economic data set to be released. A Fed press conference, the April jobs report, and quarterly earnings will be closely watched by investors. Here are five major events to keep an eye on this week, according to Raymond James’ […]
Jonathan Raa | Nurphoto | Getty Images A federal judge in New Jersey on Monday rejected Johnson & Johnson‘s and Bristol Myers Squibb‘s legal challenges to the Biden administration’s Medicare drug-price negotiations, ruling that the program is constitutional. The decision is another win for the White House in a bitter legal fight with several drugmakers […]
(Bloomberg) — Boeing Co. raised $10 billion from a bond sale on Monday that attracted about $77 billion of orders and allowed the planemaker to ease some of its financial strains by refinancing part of its massive debt load. Most Read from Bloomberg The outsized demand for the bonds — which Boeing attracted by initially […]
(Bloomberg) — Berkshire Hathaway Inc.’s PacifiCorp now faces a demand for $30 billion from victims of Oregon’s 2020 Labor Day wildfires, an escalation of a legal onslaught on the largest grid operator in the western US. Most Read from Bloomberg While the amount sought in an amended complaint filed Monday is about two and a […]
Amazon is scheduled to post quarterly earnings after the bell on Tuesday, continuing a wave of Big Tech results that have so far wowed Wall Street but also flashed a warning of some impatience with heavy AI spending. The company is expected to offer updates on the progress of its AI development, the state of […]
WASHINGTON — When the Federal Trade Commission finalized a rule earlier this month banning non-compete clauses, the blowback was swift: Within 24 hours, the U.S. Chamber of Commerce led a handful of business groups to file a lawsuit seeking to block the ban. They argued that the FTC lacked the authority to impose it in […]
Cryptocurrencies gave up their weekend gains, with the broad-market CoinDesk Market Index declining 3% over the past 24 hours. The first batch of Hong Kong-listed spot bitcoin and ether ETFs will start trading on Tuesday morning. ChinaAMC’s head of digital asset management said the offerings will be beneficial for crypto prices improving liquidity and expand […]
MicroStrategy (MSTR) reported a net operating loss of $53.1 million, or $3.09 per share, in the first quarter after taking a digital asset impairment charge of $191.6 million, according to a Monday afternoon press release. While some had expected the company might adopt the new digital asset fair value accounting standard, and thus report a […]
Bob Bakish, president and chief executive officer of Viacom, attends the fourth day of the annual Allen & Company Sun Valley Conference, July 11, 2023 in Sun Valley, Idaho. David A. Grogan | CNBC Paramount Global CEO Bob Bakish is stepping down, the company announced Monday, as merger negotiations with Skydance Media continue. Paramount reports […]
Bob Bakish, president and chief executive officer of Viacom, attends the fourth day of the annual Allen & Company Sun Valley Conference, July 11, 2023 in Sun Valley, Idaho. David A. Grogan | CNBC Paramount Global CEO Bob Bakish is stepping down, the company announced Monday, as merger negotiations with Skydance Media continue. Bakish will […]
As the busy first-quarter earnings season moves along, several stocks still set to report could be due for big swings. First-quarter earnings have boosted stocks this week, as more than 77% of companies in the S & P 500 have exceeded analysts’ expectations, according to FactSet. The S & P 500’s year-over-year earnings growth for […]
Following a long period of waiting, “the IPO market’s back.” That’s according to Colin Stewart, Morgan Stanley’s global head of technology equity capital markets. In an interview with CNBC’s “TechCheck” on Monday, Stewart said 10 to 15 more tech companies could go public before the end of 2024, with an even “better year” in store […]
