September 13, 2023
“Wells Fargo & Co. sees more opportunity to trim expenses by unloading more real estate and cutting additional employees, Chief Financial Officer Mike Santomassimo told investors. “We continue to believe we’ve got a lot more to do to make the… Continue Reading…
September 7, 2023
“AMC (AMC) Entertainment stock tanked more than 20% on Wednesday morning after the cinema chain announced plans to sell up to 40 million shares. The company said it plans to use the proceeds “to bolster liquidity, to repay, refinance, redeem or… Continue Reading…
August 8, 2023
“Paramount Global agreed to sell book publisher Simon & Schuster to private equity giant KKR for $1.62 billion, the media company said Monday as it reported earnings that topped Wall Street estimates… Paramount executives said during Monday’s earnings call that the proceeds… Continue Reading…
May 22, 2023
“PacWest Bancorp, one of the US lenders engulfed in the regional banking turmoil, agreed to sell a $2.6 billion portfolio of real estate construction loans amid efforts to shore up liquidity. Kennedy-Wilson Holdings Inc. will purchase the group of 74… 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…
April 18, 2023
“A Japanese insurer with $65 billion of assets plans to offload all its currency-hedged foreign debt holdings, foreshadowing what may become a renewed wave of selling by some of the biggest investors in global bond markets… Fukoku Mutual Life Insurance… Continue Reading…
March 31, 2023
““Big Short” investor Michael Burry admitted Thursday that his bearish warning about the stock market earlier this year has so far been proven wrong by traders lining up to buy the dip. Burry is best known for his bet against… Continue Reading…
August 17, 2022
“Target on Wednesday said its quarterly profit fell nearly 90% from a year ago, as the retailer followed through on its warning that steep markdowns on unwanted merchandise would weigh on its bottom line. The big-box retailer missed Wall Street’s expectations by a… Continue Reading…
May 6, 2022
“…The Dow dropped 260 points, or 0.8%. The S&P 500 lost 0.8%, while the Nasdaq Composite slid 0.8%. The tech-heavy index is now down roughly 25% from its record high last November. The moves came after stocks sold off sharply… Continue Reading…
April 28, 2022
“…The S&P 500 was up 0.8%, paring some gains after a jump of more than 1% at open, while the Dow Jones Industrial Average was up 0.6%. The tech-heavy Nasdaq Composite also pulled back to 0.8% above breakeven after climbing… Continue Reading…
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