Bitcoin in 401(k) Becomes Reality for More, Despite Warnings
Retirement giant Fidelity said Tuesday that it’s launched a way for workers to put some of their 401(k) savings and contributions directly in bitcoin.
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US Consumers Still Confident in April, but Slightly Less So
U.S. consumer confidence dampened slightly in April but remains high even as inflation concerns continue to cloud their optimism about the rest of the year.
Snowflake stock surges after analyst says its story is misunderstood
Investors fail to properly appreciate Snowflake’s free-cash potential and its value to startups, according to Wolfe Research
Bank of Montreal stock outperforms market despite losses on the day
Shares of Bank of Montreal BMO, -0.82% shed 0.82% to C$141.44 Monday, in what proved to be an all-around poor trading session for the Canadian market, with the S&P/TSX Composite Index GSPTSE, -0.82% falling 0.82% to 21,011.89.
The stock market selloff still has another 20% to go, says the godfather of liquidity
As the meat of earnings season begins, it’s worth noting what investors have learned so far. The short version is, apart from a few isolated companies (cough, Netflix, cough), not a whole lot: the projected rise in S&P 500 earnings per share this year stands at 8.9%, compared with 8.1% at end of March, according to S&P Global Market Intelligence.
GM to make hybrid Corvette, teases a fully electric version
General Motors Co. is developing a hybrid version of its Chevrolet Corvette that could arrive at dealerships as early as next year.
Newmont Co. to Post Q1 2022 Earnings of $0.58 Per Share, Edison Inv. Res Forecasts (NYSE:NEM)
Newmont Co. (NYSE:NEM – Get Rating) – Stock analysts at Edison Inv. Res issued their Q1 2022 earnings per share estimates for shares of Newmont in a report released on Thursday, April 21st. Edison Inv. Res analyst C. Gibson anticipates that the basic materials company will earn $0.58 per share for the quarter. Edison Inv. Res also issued estimates for Newmont’s Q3 2022 earnings at $0.87 EPS and Q4 2022 earnings at $0.90 EPS. Newmont (NYSE:NEM – Get Rating) last issued its quarterly earnings data on Friday, April 22nd. The basic materials company reported $0.69 earnings per share for the quarter, missing the consensus estimate of $0.71 by ($0.02). Newmont had a return on equity of 10.19% and a net margin of 9.54%. The business had revenue of $3.02 billion during the quarter, compared to analyst estimates of $3.06 billion. During the same quarter last year, the firm earned $0.74 EPS. Newmont’s revenue for the quarter was up 5.3% compared to the same quarter last year.
Brokerages Expect Mercer International Inc. (NASDAQ:MERC) to Announce $1.23 Earnings Per Share
Analysts expect Mercer International Inc. (NASDAQ:MERC – Get Rating) (TSE:MRI.U) to report $1.23 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Zero analysts have provided estimates for Mercer International’s earnings. Mercer International posted earnings per share of $0.45 in the same quarter last year, which indicates a positive year-over-year growth rate of 173.3%. The company is scheduled to report its next quarterly earnings report after the market closes on Monday, January 1st.
Park Hotels & Resorts (PK) to Release Earnings on Monday
Park Hotels & Resorts (NYSE:PK – Get Rating) is scheduled to post its quarterly earnings results before the market opens on Monday, May 2nd. Analysts expect Park Hotels & Resorts to post earnings of $0.01 per share for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.
Devon Energy (DVN) Scheduled to Post Quarterly Earnings on Monday
Devon Energy (NYSE:DVN – Get Rating) will issue its quarterly earnings data after the market closes on Monday, May 2nd. Analysts expect the company to announce earnings of $1.53 per share for the quarter. Parties interested in listening to the company’s conference call can do so using this link.
Exxon Mobil Deal With Pioneer Gets FTC Nod, but Former Pioneer CEO Scott Sheffield Barred From Board
Czech Central Bank Cuts a Key Interest Rate Again With Inflation Down and the Economy on the Mend
Lawsuit Against Meta Asks if Facebook Users Have Right to Control Their Feeds Using External Tools
Microsoft Will Invest $2.2 Billion in Cloud and AI Services in Malaysia
LSV Asset Management Acquires 317,727 Shares of Organon & Co. (NYSE:OGN)
Vale S.A. (NYSE:VALE) Position Raised by Todd Asset Management LLC
Los Angeles Capital Management LLC Has $13.09 Million Stake in HubSpot, Inc. (NYSE:HUBS)
Signature Resources Capital Management LLC Invests $1.72 Million in Lam Research Co. (NASDAQ:LRCX)
Bangladesh Reopens Schools as Searing Temperatures Drop
Japan’s Kishida Unveils a Framework for Global Regulation of Generative AI