May 25, 2023
“…The chipmaker saw its shares surge 25% on Thursday, bringing its market value to just under the $1 trillion mark at around $951 billion per FactSet. It was $755 billion at Wednesday’s close. Nvidia would become the fifth publicly traded U.S.… Continue Reading…
May 24, 2023
“A debt-ceiling negotiation that remains in limbo, elevated recession risks and a hawkish Federal Reserve stance are just a few of the reasons JPMorgan Chase & Co.’s Marko Kolanovic is advising clients to further dump equities and hold onto cash.… Continue Reading…
May 23, 2023
“Blackstone Inc. is in discussions with lenders on a $310 million mortgage backed by a struggling Chicago office tower. The commercial mortgage-backed security on the property, 350 North Orleans, was transferred to special servicing ahead of its July maturity, according… Continue Reading…
May 23, 2023
“Lowe’s Cos Inc cut its annual sales and profit forecasts on Tuesday, joining larger rival Home Depot in highlighting waning demand for home improvement goods with sticky inflation forcing consumers to cut back on discretionary spending… Lowe’s expects full-year comparable… Continue Reading…
May 17, 2023
“Pfizer Inc. sold $31 billion of debt in the fourth-largest US bond sale ever, according to a person with knowledge of the matter. The pharmaceutical giant raked in over $85 billion in orders for the eight part investment-grade deal, which… Continue Reading…
May 16, 2023
“A consortium of investors including Blackstone Inc. and Thomson Reuters Corp. are looking to sell £2.4 billion ($3 billion) worth of stock in London Stock Exchange Group Plc, two months after their last disposal of the company’s shares. The group,… Continue Reading…
May 16, 2023
“At least seven large companies filed for Chapter 11 bankruptcy protection in less than 48 hours, a breakneck pace of restructurings that included once-hot digital-broadcaster Vice Media LLC and KKR & Co.-backed Envision Healthcare Corp. That’s the largest number of… Continue Reading…
May 16, 2023
“Home Depot on Tuesday reported its biggest revenue miss in more than 20 years and lowered its forecast for this year, as consumers delay large projects and buy fewer big-ticket items like patio sets and grills… Home Depot said it now… Continue Reading…
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