Author: Press Room
Check out the companies making headlines before the bell on Tuesday.Goldman Sachs — The investment bank said first quarter revenue totaled $12.22 billion, below the $12.79 billion consensus estimate of analysts polled by Refinitiv. Fixed income, currencies and commodity trading was $3.93 billion in the first quarter, well below the $4.16 billion Wall Street estimate, according to FactSet. Goldman shares declined by nearly 4%. Goldman also said it took a $470 million hit tied to the sale of consumer loans in its Marcus unit.related investing newsJohnson & Johnson — The drug and consumer products maker said first quarter sales rose…
The high-stakes showdown between Dominion Voting Systems and Fox News finally commences in earnest Tuesday when the $1.6 billion defamation trial begins, shining a spotlight on Fox’s election denialism and the toxic role of its disinformation on American politics. The trial, initially set to begin with opening statements on Monday, was abruptly delayed on Sunday evening, in an eleventh-hour twist that raised speculation of settlement talks, but ultimately failed to prevent the trial’s open. If the 12 jurors side with Dominion and award a sum of money near what the voting technology company is asking for, it would represent one…
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A Bank of England (BoE) official has said that a digital version of the British pound could soon be used in wholesale markets, potentially taking the UK one step closer to a central bank digital currency (CBDC).The comments about a digital pound were made by Bank of England Deputy Governor for Financial Stability Jon Cunliffe, who in a speech on Monday called it a “misunderstanding of the Bank’s position” to assume that policy makers were considering CBDCs only in a retail context.According to a transcript of the speech, Cunliffe said:“We recognize very clearly the potential transformative effect on wholesale financial…
JPMorgan informed employees Wednesday that managing directors are required to come to the office five days a week. Many of JPMorgan’s lower-level employees are still required to come to the office three days a week. Read the entire memo obtained by Insider’s Carter Johnson here. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app JPMorgan issued a memo to employees on Wednesday informing managing directors of a new requirement to be in the office five days per week. The announcement also reminded other staffers of…
Netflix and Lacoste have teamed to create clothing inspired by the streamer’s hit shows. It’s Netflix’s first multi-title fashion partnership and its latest push into consumer products. Lacoste has been trying to appeal to younger shoppers through collaborations with musicians. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app Starting April 12, superfans of popular Netflix shows can literally wear their fandom on their sleeves.Netflix has teamed with Lacoste to create a clothing collaboration inspired by eight of its popular shows, including “Bridgerton,” “Stranger Things,”…
European equities extended their gains in morning trade on Tuesday as investor sentiment was boosted by stronger Chinese economic data and hopes that the banking crisis is passing.In Europe, the region-wide Stoxx 600, Germany’s Dax and France’s Cac 40 all rose 0.6 per cent.US futures were tipped to make gains at the open, with contracts tracking the blue-chip S&P 500 up 0.4 per cent and tech-heavy Nasdaq expected to rise 0.7 per cent.China’s gross domestic product rose 4.5 per cent year on year in the first quarter, well above analysts’ expectations of a 4 per cent rise, as the world’s…
Today is the deadline to file your taxes — but tens of millions of Americans have yet to submit their information to the IRS. If you haven’t filed yet, there’s still time to request an extension that will give you until October 16. Here’s what else you need to know to Get Up to Speed and On with Your Day. (You can get “CNN’s 5 Things” delivered to your inbox daily. Sign up here.) A White, 84-year-old homeowner who allegedly shot and wounded Ralph Yarl after the Black teen went to the wrong address to pick up his siblings will…
Quarterback Jalen Hurts has agreed to a five-year, $255 million contract extension with the Philadelphia Eagles, including $179.3 million guaranteed, one of the biggest contracts in NFL history, according to NFL Network. Hurts, 24, will now have the highest average annual contracted value ($51 million) of any player in the NFL, and he can thank his agent: Nicole Lynn. Lynn, 34, is one of the up-and-coming agents in the NFL, and is president of football operations for Klutch Sports Group, the agency founded by LeBron James confidant Rich Paul. A former Wall Street financial analyst with multiple FINRA certifications, Lynn…
The Internal Revenue Service has a plan for how it wants to use $80 billion to revamp the agency, and revive high-end audits. Now it has to put it into work — and that work is cut out for the agency. Wally Adeyemo, the deputy secretary at the Treasury Department, said Monday he knows the tough job that’s ahead. “‘We know that the place where we need to do the most work is making sure that we increase audit rates for the top 1% frankly.’” — Wally Adeyemo, Treasury Department deputy secretary “The challenge, of course, is that it takes…
