Author: Press Room
Introduction QuinStreet (NASDAQ: QNST) is in a precarious situation for both the company and the stock. As it currently makes a growing loss and declining revenues, it is bizarre to find that the company is trading higher than it was when it had better fundamentals and some flattened growth year-over-year. Company Profile QuinStreet is a marketing company that targets the financial space and home services. While they have a few products, notably their customer acquisition (or performance marketing) services and QuinStreet Rating Platform (QRP). However, since their most recent 10-K filing places more emphasis on their marketing business and it…
Jes Staley, the former JPMorgan Chase executive who is being sued by the bank for allegedly failing to disclose his participation in Jeffrey Epstein’s sex crimes, must face trial alongside his former employer, a New York judge has ruled. Staley on Monday lost his bid to have the claims by the bank separated from two lawsuits brought against JPMorgan by an alleged Epstein victim and the US Virgin Islands, where the late paedophile had a home.JPMorgan’s claims against Staley were “closely related” to those made in the other civil lawsuits, Judge Jed Rakoff ruled, adding that Staley was a “key…
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Pioneer Natural Resources surged Monday on a report that Exxon Mobil could acquire the fracker. Exxon (ticker: XOM) has held informal discussions with Pioneer Natural (PXD) about a potential acquisition, The Wall Street Journal reported on Friday, citing people familiar with the matter. Any deal wouldn’t come together until the end of the year, and it is possible nothing comes from the discussions, according to the Journal. Both Exxon and Pioneer told Barron’s that they don’t comment on market rumors or speculation. Because the stock market was closed in observance of Good Friday, investors had their first chance to trade…
By Chris Wack WeWork Inc. said Friday that its board of directors has adopted a plan that preserves the availability of the company’s net operating loss carryforwards and other tax attributes under the Internal Revenue Code and prevents a change of ownership. The office-sharing company said the plan would protect long-term stockholder value. The board’s move is related to transactions announced by WeWork on March 17 to deleverage its capital structure and bolster liquidity by restructuring its outstanding debt and raising additional capital, the company said. As of Dec. 31, WeWork had $6.9 billion of U.S. federal and $6.6 billion…
I’ve inherited a house in San Francisco from my aunt.My aunt had rented her basement to an older couple (probably illegally) for a few years for below market rates. I don’t believe there was a lease, and it is probably against the building code to have tenants in the basement. The couple’s family is living nearby. I really prefer not to continue with the leasehold because I live out-of-state, and because of the tough rental laws in San Francisco. What should I do if I don’t want to be a landlord? Can I just give them notice to terminate the…
Despite concerns over the health of the U.S. banking system, the global economic outlook is stronger than it was six months ago, a top U.S. Treasury official said Monday. “The forecasts for 2023 are better than they were six months ago,” said Jay Shambaugh, the Treasury Department’s undersecretary for international affairs. “Recent events have, in some sense, highlighted some of the downside risks that exist, but they haven’t really fundamentally altered the overall picture,” Shambaugh said in a speech at the Brookings Institution. In his speech, timed for the start of this week’s World Bank and International Monetary Fund meetings,…
© Reuters. FILE PHOTO: A logo of Tesla Motors on an electric car model is seen outside a showroom in New York June 28, 2010. REUTERS/Shannon Stapleton By Hyunjoo Jin and Nivedita Balu (Reuters) -Tesla Inc on Thursday nominated co-founder and former Chief Technology Officer JB Straubel to the board at a time when some investors have expressed concern about a lack of succession planning at the electric carmaker led by Chief Executive Elon Musk. Tesla (NASDAQ:) also named Tom Zhu, who led construction and operations of Tesla’s Shanghai factory, as senior vice president for automotive operations. This makes him…
By Barani Krishnan Investing.com – It seems to be a Monday of surprises — first an unexpected OPEC+ ; then weaker-than-anticipated and, now, a quicker-than-thought return to $2,000 for gold. on New York’s Comex settled the first trading day for April at $2,000.40 an ounce, up $14.20, or 0.8%, after a session high of $2,008. The , more closely followed than futures by some traders, fell short of $2,000 mark though, peaking at just above $1,990. “Hereon, sustainability above $1985 will strengthen the bullish momentum targeting $2,010 followed by $2,020-$2,040,” Sunil Kumar Dixit, chief technical strategist at SKCharting.com, said, referring…
By Saqib Iqbal Ahmed NEW YORK (Reuters) -The dollar rose to a five-day high against the Japanese yen on Monday as authorities’ efforts to rein in worries over the global banking system helped soothe investor nerves. The U.S. currency, however, clung to a narrow range against most major currencies as investors appeared hesitant to place big wagers in either direction as they sought clarity on the fallout from the recent collapse of two U.S. lenders and the rescue of Credit Suisse. “Feels like a market that is tired with overnight ranges very narrow and volumes very light,” said Brad Bechtel,…
