China’s Securities Regulator Vows Efforts to Stabilize Market
(Bloomberg) -- China’s top securities regulator said it will work on building a mechanism to stabilize the market, vowing to anchor market expectations in 2025 after a disappointing start to the new year.Most Read from BloombergA Blueprint for Better Bike LanesWhat Robotaxis Brought San FranciscoAmbitious High-Speed Rail Plans Advance in the Baltic RegionNew York, San Francisco Ranked Worst for US Traffic in City CentersThe China Securities Regulatory Commission said stability is top of its agen
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Radiant Capital hacker moves $52M in stolen funds
The hacker behind the recent theft from decentralized finance (DeFi) protocol Radiant Capital has moved …
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Why Is Department Store Chain Macy's Stock Sliding Today?
Macy’s, Inc. (NYSE:M) shares are trading lower in premarket on Monday after the Department store chain provided an update on its fiscal fourth-quarter guidance. The company expects fourth-quarter net sales to reach, or slightly fall below, the lower end of the previously projected outlook of $7.8 billion – $8.0 billion and compared to the estimate of $7.885 billion. The company now anticipates its adjusted earnings per share for the fourth quarter to remain within its earlier forecast of $1.40 –
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Elite Prep Schools Flood Muni Market After Regional-Bank Tumult
(Bloomberg) -- Just down the road from Stanford University, a roughly $200 million campus upgrade is underway at one of the Palo Alto area’s elite private schools, with plans encompassing state-of-the-art classrooms, an aquatics center and a recording studio.Most Read from BloombergA Blueprint for Better Bike LanesWhat Robotaxis Brought San FranciscoAmbitious High-Speed Rail Plans Advance in the Baltic RegionNew York, San Francisco Ranked Worst for US Traffic in City CentersIt’s a massive financ
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Intra-Cellular Therapies Stock Pops as Johnson & Johnson Buys Firm for $14.6B
Shares of Intra-Cellular Therapies are surging 35% in premarket trading Monday after Johnson & Johnson said it will acquire the biopharmaceutical company for roughly $14.6 billion.
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How To Earn $500 A Month From Fastenal Stock Ahead Of Q4 Earnings
Fastenal Company (NASDAQ:FAST) will release its fourth-quarter financial results, before the opening bell, on Friday, Jan. 17, 2025. Analysts expect the Winona, Minnesota-based company to report quarterly earnings at 48 cents per share, up from 46 cents per share in the year-ago period. Fastenal projects quarterly revenue of $1.84 billion, compared to $1.76 billion a year earlier, according to data from Benzinga Pro. On Dec. 11, Stifel analyst Brian Butler downgraded Fastenal from Buy to Hold an
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DHS Secretary Alejandro Mayorkas: Visa levels are ‘woefully out of touch with the market’
Also: Dimon offers new outlook on his future, Zuckerberg slams Apple.
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U.S. Steel Stock Jumps as US Extends Deadline for Nippon Steel to Axe Takeover
U.S. Steel shares are jumping in premarket trading Monday after the U.S. government extended until June from next month a deadline for Nippon Steel to abandon its planned $14.1 billion acquisition of the American steelmaker.
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Nvidia can't wait for Trump as it bashes Biden's 'misguided' AI rules — and the stock falls
Nvidia (NVDA) on Monday quickly slammed newly released Biden administration rules to regulate chip sales to foreign countries.
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Walmart is getting its first logo ‘refresh’ in 17 years—and its marketing chief explains why
The company hopes to make the Walmart spark as recognizable as Apple's logo and Starbucks' mermaid.
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UK Markets Fall Again as Inflation Countdown Unsettles Traders
(Bloomberg) -- UK assets entered a second week of declines amid growing consternation about the government’s large fiscal deficit and key inflation data this week that may show price pressures remain elevated.Most Read from BloombergA Blueprint for Better Bike LanesWhat Robotaxis Brought San FranciscoAmbitious High-Speed Rail Plans Advance in the Baltic RegionNew York, San Francisco Ranked Worst for US Traffic in City CentersSterling was the worst-performing Group-of-10 currency on Monday, dropp
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Biogen’s ‘cold and calculated’ offer to buy Sage receives a mixed reaction on Wall Street
Analysts say the deal, which would give Biogen full control over the drug Zurzuvae, could be a smart financial move. Yet it's also unlikely to appease broader investor concerns.
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Wamco Emerging-Market Debt Team Exits to Jackson Financial’s PPM
(Bloomberg) -- Four veteran Western Asset Management Co. emerging-market debt investors exited for Jackson Financial Inc.’s PPM America, as fallout continues for the bond giant after its star trader was charged with criminal fraud.Most Read from BloombergA Blueprint for Better Bike LanesWhat Robotaxis Brought San FranciscoAmbitious High-Speed Rail Plans Advance in the Baltic RegionNew York, San Francisco Ranked Worst for US Traffic in City CentersTeam co-heads and portfolio managers Mark Hughes
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Apple iPhone Sales Fall 5% in Q4 as Global Market Share Slips
Apple's global smartphone market share slipped one percentage point to 18% last year as fourth-quarter iPhone sales dropped 5%, according to Counterpoint Research.
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