Text size The reaction to Tesla’s fourth-quarter earnings report was the worst on an earnings beat in its history. David Paul Morris / Bloomberg What the hell has just happened Tesla stock? Its shares were hammered last week after the company reported better-than-expected fourth-quarter earnings on Wednesday night. The reaction to record profits and earnings … Read more
Text size Chip stocks look like good bets in the new world of technology stocks. Maika Elan / Bloomberg Tech stocks finally showed a small fight last week, aided by an impressive group of earnings reports. But the sector is still affected. The Nasdaq Composite has fallen 16% over the past two months – and … Read more
Apple Inc.’s holiday sales and profits were once again staggering, and CEO Tim Cook gave just enough of a forecast to satisfy Wall Street on Thursday – but not enough to feel completely comfortable. Apple AAPL, -0.29% broke records by topping $ 30 billion in profits and $ 120 billion in sales, but as this … Read more
Investors burned by Neil Woodford have been waiting for justice since the former starburst voter’s flagship fund was closed in 2019. They will likely have to wait a few more years. Lawyers warn that despite city watchdog claims it is nearing the end of its investigation, the next phase of the Financial Conduct Authority’s process … Read more
Text size Signage at DraftKings Sportsbook at The Brook Ribbon Cutting in October 2020 in Seabrook, New Hampshire. Scott Eisen / Getty Images for DraftKings Online sports betting can provide a strong comeback this year DraftKings a solid effort, according to analysts at Morgan Stanley. Penn National Gaming also received an upgrade from analysts at … Read more
Terry Smith, the man behind Britain’s largest retail fund, launched a fierce attack on Unilever’s management as its bid for GlaxoSmithKline’s healthcare unit appears to be faltering. Unilever made an unsolicited bid of £ 50bn. for the GSK company, but their hopes of a successful acquisition were shattered on 19 January after the consumer goods … Read more
The Danish Financial Supervisory Authority’s top brass has defended the watchdog at the end of a tough year for the regulator. In notices sent to the FCA’s intranet on December 23 by each Executive Committee member, with their highlights of the year, viewed by Financial news, board members praise the work of supervisory staff in … Read more
Asset managers are suffering from “bloat” due to booming pandemic markets and are facing a year of “bill” as economic stimulus is withdrawn, according to an annual health check in the industry. As the tailwinds in public markets diminish, many traditional leaders are so desperate to expand into private markets that they are willing to … Read more
Investors and companies are plowing ahead of regulators to make their workplaces more LGBTQ + -inclusive in an effort to please shareholders as pressure rises to incorporate more factors into environmental, social and managerial goals. Interest in ESG issues has increased among financial service companies this year – which has sent huge flows to ESG-related … Read more
Text size Dreamstime Semiconductor stocks fell even lower on Wednesday after the Federal Reserve’s minutes of December turned out to be more hawkish than expected. The minutes signaled that the central bank could raise interest rates earlier and at a faster pace to tame rising inflation, while officials also began discussing how to reduce the … Read more