Goldman Sachs analysts cut their forecast for China GDP to 4% after data for April showed a slump in growth as Covid controls restricted business activity.
Schlagwort-Archiv: CNBC
Lowe’s sales decline as cool spring weather weighs on demand for outdoor products
The home improvement retailer’s profit topped Wall Street estimates for the quarter, even as sales missed the mark.
Target shares sink 25% after company says high costs, inventory woes hit profits
The big-box retailer said it saw a healthy customer, but a shift to experience-based purchases, such as toys for birthday parties and luggage for trips.
Shares of Shopee-owner Sea surge 14% after stronger-than-expected revenue
Southeast Asian tech giant Sea’s shares rebounded, but its e-commerce site could slow due to macro uncertainties.
Citigroup shares jump 6% after Warren Buffett reveals a near $3 billion stake in the struggling bank
A filing revealed that Buffett’s Berkshire Hathaway added more than 55 million shares to build a stake worth $2.95 billion as of the end of March.
Paramount shares jump about 14% after Buffett’s Berkshire reveals new stake
Berkshire bought 68.9 million shares of Paramount to build a stake worth $2.6 billion as of the end of March, according to a regulatory filing released Monday.
Goldman Sachs gives senior managers a new perk: ‚Flexible vacation’ policy
The perk for managing directors and partners is similar to flexible vacation policies at technology companies including Netflix and LinkedIn.
Investor interest in equity and crypto-focused funds picking up despite the sell-off, Tifin CEO says
Tifin CEO Vinay Nair discussed search trends for investors and financial advisors on „Squawk Box.“
Mastercard launches tech that lets you pay with your face or hand in stores
Mastercard on Tuesday launched a program that allows retailers to offer biometric payment methods, like facial recognition and fingerprint scanning.
Investors withdraw over $7 billion from tether, raising fresh fears about stablecoin’s backing
Tether’s circulating supply has slipped from about $83 billion a week ago to less than $76 billion on Tuesday.