Credit Suisse Group is dominating headlines Monday morning amid rising concerns over the Swiss bank’s financial health. What Happened Reports suggesting Credit Suisse could be battling liquidity issues sent the lender’s shares tumbling Monday morning. The bank’s credit default swaps, which provide investors with protection against financial risks and essentially measure how a company’s financial…
One Credit Suisse Analyst Says Bank’s Capital, Liquidity ‘Healthy,’ Another Warns of Impending Equity Raise: What You Need to Know
One Credit Suisse Analyst Says Bank’s Capital, Liquidity ‘Healthy,’ Another Warns of Impending Equity Raise
Credit Suisse Group is dominating headlines Monday morning amid rising concerns over the Swiss bank’s financial health. What Happened Reports suggesting Credit Suisse could be battling liquidity issues sent the lender’s shares tumbling Monday morning. The bank’s credit default swaps, which provide investors with protection against financial risks and essentially measure how a company’s financial…
Spotify Analyst Finds Risk-Reward Compelling, but Sees Audiobooks Immaterial Into Year-End and 2023
Spotify Technology SA launched audiobooks in the United States last week. What Happened Commenting on the development, KeyBanc Capital Markets analyst Justin Patterson reiterated an Overweight rating and a $148 price target for Spotify shares. Audiobooks could be immaterial to Spotify’s performance into the year-end and likely in 2023, too, Patterson said in a note….
Crypto Analyst Who Predicted 2022 Bitcoin Meltdown Says BTC Has Reached A ‘Local Bottom’
Bitcoin closed around $20,000 on Saturday, and on Sunday, the cryptocurrency dropped 1.55 percent to $19,708. BTC is down 58.9 percent from the year’s high of $48,234 on March 28. The macroeconomic warnings from Goldman Sachs and Fed’s approach to interest rate hikes have played a significant role in determining Bitcoin’s price trends. What Happened…
Elon Musk–Twitter Deal’s Fate Divides Analysts In Aftermath Of Shareholder Approval
Twitter Inc. shareholders on Tuesday approved Elon Musk’s $44 billion deal to take the company private. What Happened The approval now gives Twitter and Musk the greenlight to face off in the Delaware court on Oct. 17, Loup Funds’ Gene Munster said. The focus of the trial would be on the billionaire’s counterclaim regarding the…
4 Walmart Analysts Raise Price Targets After Q2 Earnings Beat: ‘Leader and Market Share Gainer’
Walmart Inc. reported impressive second-quarter earnings growth and reiterated its full-year guidance. On Tuesday, Walmart reported second-quarter adjusted EPS of $1.77 on revenue of $152.8 billion. Both numbers exceeded consensus analyst estimates of $1.62 and $150.8 billion, respectively. Revenue was up 8 percent from a year ago. Walmart reported 6.5 percent U.S. same-store sales growth,…
Gap Analysts React to Mixed Q1 Earnings: ‘Disappointed, but Not Surprised’
Gap Inc.on Thursday reported first-quarter earnings and cut its full-year profit guidance. Gap reported a first-quarter adjusted EPS loss of 44 cents, missing consensus estimates of a 13-cent loss. Gap reported revenue of $3.48 billion, beating analyst expectations of $3.46 billion. Revenue was down 13 percent from a year ago. Overall same-store sales were down…
Where Does ServiceNow Stand With Analysts Post Investor Day?
After attending its investor day meet, analysts offered their views on ServiceNow, Inc.. Mizuho analyst Gregg Moskowitz said management expressed bullishness on its growth prospects and targeted $11 billion+ of subscription revenue by 2024, and $16 billion+ by 2026, above its initial targets of $10 billion+ and $15 billion+, respectively. NOW also raised 2024E OMs by 50bps, to 27…
Analyst Says Peloton Could Flash a Buy Signal Soon: What to Watch For
Peloton Interactive, Inc. shares sank further into negative terrain on Tuesday after it reported disappointing first-quarter results and issued weak guidance. Further Downside Limited TFI Securities analyst Ming-Chi Kuo is optimistic that a turnaround could be in the cards. The analyst noted that Peloton shares have declined nearly 50 percent since April 7, when he tweeted that…
‘Still a Second-Half Story’: Twilio Analysts React to Mixed Q1 Earnings
Twilio Inc. reported conservative second-quarter guidance last week. On Wednesday, Twilio reported an adjusted first-quarter EPS loss of $1.23, missing consensus analyst estimates of a 21-cent loss. Revenue for the quarter was $875.4 million, beating analyst expectations of $864 million. Revenue was up 48 percent from a year ago. Twilio reported 268,000 active customer accounts…
US News
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- Rudy BlalockHundreds gathered around Plaza Square Park in Orange, California, on Jan. 26, to mourn friend, husband, and Deputy Public Defender Elliot Blair, who was found dead in Mexico while celebrating… [...]
- J.M. PhelpsAn Army member who says he was injured by the COVID vaccine said he faced repeated pressure to take the second dose of the vaccine, despite receiving a temporary exemption… [...]
- Lis WangThe Labor Party is pledging $2.5 million (US$1.79 million) towards further research into understanding the impacts of screen and gaming addiction in Australian children. “For (wife) Anna and I, one… [...]
- City News ServiceLAGUNA BEACH, Calif.—The name of a 39-year-old man who was struck and killed by a hit-and-run vehicle in Laguna Beach was released Sunday by the Orange County Sheriff’s Department. Officers… [...]
- City News ServiceLOS ANGELES—The three victims killed in a shooting that wounded four others at a gathering near Beverly Hills were women from Illinois and Arizona, authorities said Jan. 29. Iyana Hutton… [...]
- Bill PanFormer President Donald Trump on Saturday condemned the death of Tyre Nichols at the hands of five police officers in Memphis, Tennessee, saying that the tragedy “never should have happened.”… [...]
- Jack PhillipsAfter the Internal Revenue Service issued several releases warning about potentially lower tax refunds this filing season, some analysts say that it could put strain on some families who may… [...]
- Jack PhillipsFormer Walmart CEO Bill Simon warned that corporate layoffs might have a significant impact on the U.S. economy in the near future. “It’s crazy right now. We’re stuck in this… [...]
- The Associated PressWELLSBURG, Iowa—Authorities have identified the three children and one adult who died in a rollover crash in northern Iowa that also injured the nine other passengers Friday morning. The Iowa… [...]