Meta shares plummeted almost 10% in extended trading on Wednesday after the company issued a weaker-than-expected revenue forecast and took a big hit to its cash pile. Here’s how the company did, compared with estimates from analysts polled by LSEG: Earnings per share: $6.18 vs. $7.22 Revenue: $60.80 billion vs. $60.17 billion Meta said it […]
RBC Capital Markets will pay $275,000 to settle FINRA charges that anti-money laundering procedures in its wealth management division could have missed suspicious transactions. According to the FINRA letter of acceptance, waiver and consent signed last week, the issues arose during a cycle exam by the brokerage self-regulatory organization. The lapses in question allegedly took […]
Kevin Warsh, in his second press conference as Fed chairman, gave the bond market credit for doing his tightening for him. Within the hour, it went further, and made clear what it thought of his decision not to raise rates. The 30-year treasury yield surged 10 basis points to 5.21%, its highest level in 19 […]
Standard Chartered PLC announced on Wednesday that it will commence a new share buyback programme worth up to $1 billion, alongside the submission of its 2026 Half Year Report to the UK’s Financial Conduct Authority. The London-listed bank confirmed it has entered into a non-discretionary agreement with Goldman Sachs International to execute the buyback on […]
Worldwide gross: $2,799,439,100 Fans needed to know if the remaining Avengers could rise up, defeat Thanos, and reverse the effects of the end of “Infinity War.” They came out in droves as the film shattered box-office records, grossing over $1.2 billion worldwide opening weekend, nearly double that of the opening weekend for “Infinity War.” It […]
Kevin Warsh is living up to his hawkish reputation. The Federal Open Market Committee opted to hold rates steady at its July meeting, the second with former Wall Street executive Warsh at the helm. FOMC leaders voted 9-3 in favor of the decision, with the dissenters hoping for a quarter-point hike. The market reaction was muted […]
According to a recent FlexJobs survey of 1,700 U.S. workers, women place more value on remote work, flexible schedules and work-life balance when thinking about applying for a job. Men, on the other hand, are more likely to prioritize compensation. The survey, conducted on SurveyMonkey through social media and newsletters, shows that while salary is […]
Whenever bank-based advisors consult him about changing firms, Scott Matasar makes sure they take one crucial step: adding their contact information to their resignation letters. Processing Content The reason? Financial Industry Regulatory Authority guidance requires firms to tell clients who inquire about a departed advisor how they can get in touch again, said Matasar, co-founder […]
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In the new frontier of robotaxis, Uber Technologies (UBER +0.03%) decided that its best strategy is not to build them. Instead, it will rely on other companies, like Rivian Automotive (RIVN -1.23%), to produce its fleet. In the long run, this can benefit Uber, as it already has the software and branding to easily integrate […]