Author: Press Room
© Reuters. By Oliver Gray Investing.com – U.S. stock futures were trading in a tight range during Monday’s evening deals, following a mostly positive session among major benchmark indices as market participants look toward this week’s By 18:46 ET (22:46 GMT) , , and were each trading 0.1% higher. Ahead in Tuesday’s trade, investors will be monitoring as well as speeches from the FOMC’s and , while and the are set to be released Wednesday. On the earnings front, companies including Albertsons Companies (NYSE:), Louis Vuitton (OTC:), Delta Air Lines (NYSE:), UnitedHealth Group (NYSE:) and JPMorgan Chase & Co (NYSE:)…
(Bloomberg) — Traders raised the odds of another quarter-point rate increase by the Federal Reserve in May in the wake of strong employment data released Friday during a holiday-shortened session. Swap contracts referencing Fed meeting dates repriced to levels indicating more than 80% odds of the US central bank raising its policy rate range to 5%-5.25% on May 3. The May contract’s rate increased to just over 5.03%, a level 20 basis points higher than the effective policy rate has been since the last increase. The repricing accompanied a move higher in Treasury yields to their highest levels in several…
JPMorgan (NYSE: JPM) is scheduled to report its fiscal Q1 2023 results on Friday, April 14, 2023. We expect JPMorgan to post mixed results with earnings beating the consensus but revenues missing the mark. The bank outperformed the street expectations in the last quarter, with revenues increasing 18% y-o-y to $34.5 billion. The top line mainly benefited from growth in net interest income. The NII improved 48% y-o-y to $20.2 billion driven by loan growth and higher interest rates. That said, the revenues were somewhat offset by an 8% drop in the noninterest income, primarily due to a 59% decline…
Timing is everything. That was the lesson learned in a recent Tax Court case that resulted in a lost charitable deduction and capital gains tax. Here’s what happened. Background Commercial Steel Treating Corp., or CSTC, was founded in 1927 by the Hoensheid family. Over the years, the company performed well and remained in the family. By 2014, Scott Hoensheid and his two brothers, Craig P. Hoensheid and Kurt L. Hoensheid, held equal interests in CSTC. That same year, Kurt announced that he wanted out, and the remaining brothers were reluctant to take on debt to buy his shares—so they looked…
Treasury Secretary Janet Yellen said the U.S. economy and America’s financial system are doing well despite headwinds caused by the recent banking crisis and the Fed’s efforts to tame inflation. Yellen spoke at a press conference Tuesday to mark the beginning of the World Bank and International Monetary Fund’s spring meetings and said that while there is still a chance of a credit contraction and economic downturn, she’s optimistic about the trajectory of the U.S. economy. “I’ve not really seen evidence at this stage suggesting a contraction in credit, although that is a possibility,” Yellen said. “I believe our banking…
Check out the companies making headlines before the bell Tuesday.CarMax — Shares of the vehicle retailer soared 7% on the back of better-than-expected quarterly earnings. CarMax earned 44 cents per share, beating a Refinitiv forecast of 24 cents per share.Newmont — The stock lost 2.9% in early morning trading on news that Newmont raised its price proposal in its offer to acquire Australia’s Newcrest Mining for $19.5 billion, which is 16% higher than Newmont’s initial bid. If the deal goes through, it would further secure Newmont’s position as the world’s biggest gold producer. Upstart — Upstart fell about 2% after JPMorgan…
This story is part of CNBC Make It’s The Moment series, where highly successful people reveal the critical moment that changed the trajectory of their lives and careers, discussing what drove them to make the leap into the unknown.In early 2006, Peter Beck took a “rocket pilgrimage” to the U.S.The native New Zealander always dreamed of sending a rocket into space. He even skipped college because of it, taking an apprenticeship at a tools manufacturer so he could learn to work with his hands, tinkering with model rockets and propellants in his free time.By the time of his pilgrimage, he’d built a…
Dominion Voting Systems can’t bring up the January 6 insurrection during its upcoming defamation trial against Fox News, a Delaware judge ruled Tuesday, who also revealed at a hearing that he has been receiving death threats. The voting technology company sued Fox News over the right-wing network’s promotions of false claims that Dominion machines rigged the 2020 election. But almost all of the allegedly defamatory statements mentioned in Dominion’s lawsuit occurred before the January 6, 2021, storming of the US Capitol by supporters of then-President Donald Trump. Delaware Superior Court Judge Eric Davis said at a hearing Tuesday that invoking…
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Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content.Artificial Intelligence (AI) has been one of the biggest buzzwords in the world of technology for months now. Interestingly, it was also a huge point of interest in the world of finance, leading many to start investing in this sector, which is now considered to be the next big thing.While AI itself is extremely promising from the investors’ perspective, MindAI has decided to take things to the next level and combine it with another lucrative business — a cryptocurrency exchange.As it is well-known, the crypto industry has…
