November 17, 2023
“Cisco shares closed down 9.8% Thursday, marking the worst day since May 19, 2022 when the stock slipped 13.7%. The fall comes a day after the company reported its quarterly earnings that beat on the top and bottom lines but gave weaker-than-expected revenue… Continue Reading…
November 6, 2023
“Citigroup’s managers and consultants working on CEO Jane Fraser’s reorganization have discussed job cuts of at least 10% in several major businesses, CNBC reported on Monday, citing people with knowledge of the process… Last month, Citi said it would cut… Continue Reading…
October 6, 2023
“U.S. Treasury yields rose Friday, with the 10-year nearing a 16-year high after the latest jobs data came in stronger than economists anticipated. The yield on the 10-year Treasury was up by nearly 13 basis points at 4.839%. It had hit a fresh… Continue Reading…
September 8, 2023
“General Motors on Thursday made a counterproposal to the union representing its U.S. hourly workers in a bid to avoid a costly strike, but United Auto Workers President Shawn Fain called the offer “insulting.” The largest U.S. automaker said it… Continue Reading…
September 6, 2023
“Roku is cutting about 10% of its workforce, or 360 people, and it will limit new hiring as it cuts costs to stem a series of quarterly losses. The streaming platform also said in a regulatory filing Wednesday that it… Continue Reading…
July 17, 2023
“A near-$10 trillion rally for global stocks this year will face a make-or-break moment as hundreds of companies report earnings over the next few weeks. S&P 500 firms are expected to post a 9% drop in profits in the second… Continue Reading…
March 21, 2023
“… It’s unclear if the U.S. is headed into a recession. But analysts, it seems, already know which S&P 500 stocks to avoid. Watch Out For These S&P 500 Stocks Stocks with highest percentage of sell ratings Company Symbol Sell… Continue Reading…
February 9, 2023
“..Here’s an expanded list of 20 companies that met the screening criteria, with at least 2% headroom above the dividends based on estimates for 2023 and 2024: Company Ticker Dividend Yield Estimated 2023 FCF yield Estimated 2024 FCF yield Estimated… Continue Reading…
December 12, 2022
“Despite the U.S. Federal Reserve’s aggressive rate hikes — including four consecutive hikes of 75 basis points — inflation is still running hot. Consumer prices in the U.S. climbed 0.4% in October and were up 7.7% from a year ago.… Continue Reading…
December 12, 2022
“…U.S. tech giant Microsoft on Monday announced a 10-year partnership with the London Stock Exchange Group and took a near 4% stake in the U.K. bourse operator. The partnership involves next-generation data and analytics, as well as cloud computing products, according to a statement… Continue Reading…
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