Hints and tips:
...The probe, expected to last at least a year, risks frustrating RedBird’s efforts to consolidate AC Milan’s recovery....
...Intel delivered a rare piece of good news for Wall Street on Thursday with third-quarter earnings that comfortably beat expectations and a robust forecast for the final months of the year, as a recovery...
...The company predicts its manufacturing losses will reach their nadir this year, before a slow recovery. Its already-battered shares fell another 8 per cent....
...Disappointing forecasts for the first quarter of 2024 from industry bellwethers Intel and Texas Instruments this week have dented Wall Street’s confidence in a broader recovery....
...Masayoshi Son’s tech conglomerate enters the new year having missed out on the recovery in public valuations in 2023 and in a familiar position of managing high-profile tech flame-outs....
...Buyout firms are shaving tens of millions of dollars off interest costs by refinancing debts racked up in private credit markets with publicly traded bonds and loans, delivering a windfall for the Wall Street...
...The Housing and Economic Recovery Act of 2008 gave him the power to do so. I believed these guys. But when push came to shove, Calabria didn’t do it....
...A strong Chinese recovery could also challenge the recent performance dominance of US equities, either directly or indirectly via Japanese or European assets....
...“I think we can expect some recovery going forward. Still we did not expect big growth like what we see in the US plant. So we’ll be running the Japan factory based on that assumption,” Umeda added....
...SoftBank will get a shot not at redemption but perhaps a small recovery on its losses, as WeWork works to shed more than 100 of its leases and cut its costs in bankruptcy....
...We will soon see if SoftBank pushed pricing too far or just drove a hard bargain with Wall Street....
...Wall Street had been expecting revenue of $12.1bn and a loss of 4 cents a share....
...“That’s really driven by the fact that there’s still some uncertainty in the overall environment from a recovery standpoint when you look at things like consumer behaviour as well as recovery in key segments...
...Wall Street has moved from worrying about bankruptcy filings to showering cruise ships with ticker tape from the quayside....
...The recovery in Google’s digital advertising operations, along with a solid performance in Microsoft’s cloud business at a time when many customers are looking to streamline spending because of economic...
...On the subject of world leaders, Australia’s prime minister Anthony Albanese is in China and will on Monday meet both President Xi Jinping and premier Li Qiang illustrating a remarkable recovery in relations...
...Sujeet Indap, the FT’s Wall Street editor, here filling in for Rob. After a punishing week, yesterday delivered a much-needed lift for stocks, led by a 14 per cent pop in Nvidia....
...Wall Street had been expecting revenue of $68.9bn and earnings of $1.06 per share....
...Profits at ExxonMobil and Chevron fell from record highs in the first quarter, but still beat Wall Street forecasts even as a slowing economy began to hit energy markets....
...As far as Wall Street is concerned, Big Tech is most definitely back....
...Adjusted earnings per share in the period were 10 cents, down from $1.15 a year before and below the 20 cents that Wall Street had forecast....
...Signature Bank’s uninsured depositors similarly would have probably achieved significant recoveries. Both banks have good assets for the FDIC to sell....
...In addition, the regulator and the lender will share the losses and potential recoveries on commercial loans made by SVB, a move that First Citizens said would provide “further downside protection against...
...Circulation and subscription revenue increased 8 per cent, or $83mn, while advertising revenue rebounded 14 per cent driven by both digital sales and a recovery of print advertising in the UK....
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