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Stocks rally on Friday amid upbeat Q3 earnings and rising retail sales

--The Dow Jones Industrial Average traded near its highs, outpacing other indexes on Friday -- Upbeat earnings reported by major U.S. Banks such as JPMorgan Chase, Morgan Stanley, Citigroup, and Bank ...

By  Yashasvini On  2021-10-16 02:45:00
Chinese central bank breaks silence over Evergrande crisis

-- Evergrande Group missed its October 11 deadline to pay investors in U.S. dollar-denominated debt  -- PBOC official Zou Lan said that the situation was "controllable" -- Home sales by China's major ...

By  Yashasvini On  2021-10-16 00:24:00
Microsoft folds LinkedIn social network in China

LinkedIn faced risks to its reputation and global business model if it continued censoring on behalf of Chinese authorities Microsoft Corp.'s MSFT 2.17% LinkedIn said it would shut the version of its ...

By  Kathi On  2021-10-15 11:14:00
Hedge Funds Place More Bearish Bets as Storm Clouds Darken

Mixed market currents, unknowns the corporate earnings starting to come out, and the stop-and-go COVID-19 recovery have caused hedge funds to become increasingly bearish. According to the Business Sta...

By  Kathi On  2021-10-15 10:41:00
Rickroll Grad Prank Exposes Exterity IPTV Bug

IPTV and IP video security is increasingly under scrutiny, even by high school kids. When Township High School District 214 in Illinois got rickrolled all at once across its six different schools just...

By  Kathi On  2021-10-15 10:14:00
Big banks warn that Fed-induced market volatility is coming soon

Market volatility has dipped since September, but the nation's top bankers are warning that choppiness could be coming back soon — thanks to the Federal Reserve. In earnings calls this week, executive...

By  Kathi On  2021-10-15 09:20:00
J&J puts talc liabilities into bankruptcy

Johnson & Johnson on Thursday put into bankruptcy tens of thousands of legal claims alleging its Baby Powder and other talc-based products caused cancer, offloading the potential liabilities into a ne...

By  Kathi On  2021-10-15 08:57:00
Best Buy Agrees to Acquire Current Health as it Expands Into Healthcare

Best Buy is looking to enter the healthcare strategy ecosystem after agreeing to acquire UK-based Current Health. Leading retailer Best Buy has announced earlier today that it has agreed to acquire U....

By  Kathi On  2021-10-15 08:21:00
Goldman Sachs reports third quarter earnings per common share of $14.93

Picture credit: The Economic Time The Goldman Sachs Group, Inc. (NYSE: GS) today reported net revenues of $13.61 billion and net earnings of $5.38 billion for the third quarter ended September 30, 202...

By  Hemanth On  2021-10-15 02:02:00
Badger Meter reports record third quarter 2021 results

Picture credit: Mergr Badger Meter, Inc. (NYSE: BMI) today reported results for the third quarter ended September 30, 2021. Third Quarter 2021 Highlights: Total sales increased 13.3% to a record $128....

By  Hemanth On  2021-10-15 01:45:00
Electrified powertrain maker Hyliion Holdings Corp. reshuffles top executives

Shiva Duraiswamy appointed vice-president to focus on commercialization Chief technology officer Patrick Sexton to take care of forward-looking product strategies Electrified powertrain maker Hyliion ...

By  Prathapan Bhaskaran On  2021-10-14 19:27:00
Morgan Stanley third quarter 2021 earnings results

Picture credit: Fortune  Morgan Stanley Reports Net Revenues of $14.8 Billion, EPS of $1.98 and ROTCE of 19.6% NEW YORK, October 14, 2021 – Morgan Stanley (NYSE: MS) today reported net revenues of $14...

By  Divya On  2021-10-14 17:15:00
UnitedHealth group reports third quarter 2021 performance

Picture credit: UnitedHealth Group Incorporated  •Revenues Increased 11% to $72.3 Billion, with Strong and Diversified Growth across Optum and UnitedHealthcare •Earnings from Operations $5.7 Billion •...

By  Divya On  2021-10-14 15:57:00
Canopy eyes U.S. expansion with weed gummies maker Wana Brands' acquisition

Canada's Canopy Growth Corp said on Thursday it would buy weed gummies maker Wana Brands for $297.5 million, as the world's biggest pot producer looks to expand in the U.S. cannabis market. Demand for...

By  Kathi On  2021-10-14 10:49:00
Shopify enlists Microsoft and Oracle for business tools on app

E-commerce platform hopes to help merchants streamline their business operations Canadian e-commerce platform Shopify Inc is teaming up with top cloud companies including Microsoft Corp and Oracle Cor...

By  Kathi On  2021-10-14 10:32:00
Domino's U.S. same-store sales fall for first time in a decade as demand slows

Domino's Pizza Inc posted on Thursday its first drop in U.S. same-store sales in over a decade, signaling a slowdown in delivery demand for the world's largest pizza chain as consumers move away from ...

By  Kathi On  2021-10-14 09:53:00
Boeing Finds New Defect in Ongoing Struggle to Produce Dreamliner 787

Boeing Co and U.S. regulators said Thursday that some titanium 787 Dreamliner parts were improperly manufactured over the past three years, the latest in a series of problems to plague the wide-body a...

By  Kathi On  2021-10-14 09:12:00
Walgreens Beats Estimates on Strong Pharmacy Sales

Walgreens Boots Alliance Inc's fourth-quarter results beat estimates on higher U.S. and UK pharmacy store sales due to the easing of pandemic-related restrictions and people getting COVID-19 vaccines ...

By  Kathi On  2021-10-14 08:58:00
IKEA Warns Supply Chain Disruptions Likely to Last Into 2022

IKEA, the world's biggest furniture brand, is leasing more ships, buying containers and re-routing goods between warehouses as it works hard to mitigate a "perfect storm" of global supply chain disrup...

By  Kathi On  2021-10-14 08:44:00
Citigroup Profit Soars 48 Percent on Equity Underwriting

Citigroup Inc on Thursday reported a 48% jump in third-quarter profit that comfortably beat market estimates, as the bank reaped a windfall of fees from equity underwriting and investment banking advi...

By  Kathi On  2021-10-14 08:30:00
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