Author: Press Room
Electronic Arts stock (NASDAQ NDAQ : EA) is up 7% in the last two months and looks like it has more room for growth. EA stock has risen from $117 in early February to $125 now. This performance compares with a -0.3% return for the broader S&P500 index. Looking at a slightly longer term, EA stock is up 16% from levels in late 2019. This can be attributed to 1. a 47% rise in Electronic Arts revenue to $7.3 billion, 2. its average shares outstanding falling 8% to 274 million, partly offset by 3. the company’s P/S ratio, which plunged…
Here are the most important news items that investors need to start their trading day:1. UptickStock futures were up slightly in premarket trading Tuesday after notching modest moves during Monday’s regular session trading. The Dow Jones Industrial Average and the S&P 500 both inched higher on Monday, gaining 0.3% and 0.1%, respectively, while tech-heavy Nasdaq Composite slipped 0.03%. Investors await more inflation data and the first bank earnings reports of the season, due later this week. JPMorgan Chase, Wells Fargo and Citigroup will all report their results on Friday. Follow live market updates.2. Credit concernsAdd diminishing access to credit to the growing list of concerns that Americans have for the…
Life expectancy in the U.S. is between three and five years lower than the average in other high-income countries — and the gap comes in part from misinformation, Food and Drug Administration Commissioner Dr. Robert Califf said.”It’s looking worse, not better, over the last several years,” Califf told CNBC in an interview Thursday at the agency’s headquarters in Silver Spring, Maryland.It’s not just the Covid pandemic contributing to the decline, he said, pointing out the gap with peer nations is widening. Califf said a new factor has joined the list of known causes of life expectancy disparities like race, ethnicity,…
The distinctive gas grills in Chipotle restaurants might be a thing of the past. On Tuesday, the fast casual Mexican chain unveiled an all-electric restaurant design that is completely powered by renewable energy, such as solar and wind. That means the gas grills that have become the focal point for walk-in customers are being replaced by electric systems, which are intended to help the chain achieve its goal of cutting greenhouse gas emissions in half by 2030. Noticeable changes in this new store format include rooftop solar panels, electric vehicle charging stations and biodegradable flatware and bowls. Other changes include…
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Merrill Lynch head Andy Sieg is leaving to lead rival Citi’s wealth management business. Two Merrill executives, including one just promoted to lead private wealth, are replacing Sieg. Challenges await Sieg at Citi and his successors at Merrill amid a competitive backdrop. Bank of America said on Thursday that Andy Sieg, the president of Merrill Lynch Wealth Management who has steered the sprawling business at a time when it faces fierce competition from rival banks and independently run wealth firms to advise affluent customers, would step down. Sieg is leaving for rival bank Citi, where he faces a big challenge when…
San Francisco’s mayor called the death of Cash App creator Bob Lee “a horrible tragedy.” London Breed said police are investigating, and San Francisco is “prioritizing public safety.” Breed pointed to a recent budget supplemental that will put more police in SF neighborhoods. 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 San Francisco’s mayor called the fatal stabbing of Cash App creator Bob Lee “a horrible tragedy.”Mayor London Breed said her “sympathies go out to his family and friends,” in a statement shared with…
SP500 Net Non-Commercial Futures established a new weekly record for the length of time it has averaged (negative) -200 with last week’s number of -321.5, more than 9 months of intense pessimism by this market psychology indicator. At the same time, the Household Survey and Establishment Survey Employment reports posted new post-COVID highs. Never has such a juxtaposition occurred. The SP500 has always strongly correlated with rising employment, SP500 vs Household Survey, but not this time. The past 9mos have been a duel of those investors who rely on economic signals vs those who rely on market prices. A rising…
Tens of thousands of Hongkongers who moved to the UK are being blocked from accessing as much as £2.2bn of pension assets, as activists accuse the city’s government of retaliating against those deemed “unpatriotic” following a political crackdown.The figures, released by UK advocacy group Hong Kong Watch on the eve of the first visit to the UK by a ministerial-level Hong Kong official since 2019, demonstrate how more than 90,000 people are being “punished” for emigrating under the British National (Overseas) programme, the group said.“It’s a blanket ban on BN(O) holders accessing the property that is theirs,” said Sam Goodman,…
