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Banking, Business

“JPMorgan fined nearly $350 million for inadequate trade reporting”

“…JPMorgan Chase & Co has been fined $348.2 million by a pair of U.S. bank regulators over its inadequate program to monitor firm and client trading activities for market misconduct, the Federal Reserve announced on Thursday… In a separate announcement, the… Continue Reading…

Stocks

“Robinhood drops 13% after reporting big declines in trading volume and revenue”

“…Robinhood also reported fewer monthly active users, which fell 16% to 10.3 million in the third quarter from the same period last year. Although third-quarter revenue rose 29% to $467 million, it fell short of the $480 million analysts were… Continue Reading…

Stocks

“Abercrombie & Fitch surges more than 20% after reporting surprise profit”

“Shares of Abercrombie & Fitch soared more than 20% on Wednesday after the mall retailer beat estimates, raised its guidance and reported a surprise profit.  Here’s how Abercrombie did in its fiscal first quarter compared with what Wall Street was anticipating, based… Continue Reading…

Stocks

“Facebook shares plummet 25% after reporting weak guidance”

“Shares of Facebook parent Meta were down more than 25% Thursday after the company forecasted weaker-than-expected revenue growth in the next quarter. It also said it’s taking a big hit from Apple’s privacy changes, and showed the first quarterly decline in daily active users… Continue Reading…

Business, Stocks

“AutoNation shares hit new all-time high after reporting record quarterly earnings”

“…Shares of the Florida-based dealership group jumped by as much as 12% Thursday morning before retreating to about $124 a share, up by about 6%. AutoNation’s stock is up by nearly 70% so far this year. The company reported adjusted… Continue Reading…