Financial Performance
- Market
Intel files for Mobileye IPO, creating a share structure that will keep the chipmaker in control
After nearly a year’s wait, Mobileye is on the highway to Wall Street. Intel Corp. INTC, -2.31% -owned Mobileye Global…
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Weekend reads: What to expect now for home prices, stocks and bonds
This week Freddie Mac said the average interest rate on a 30-year mortgage loan in the U.S. had climbed to…
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Deloitte partner pay passes £1m as consulting leads profit upwards
Deloitte’s UK partners will be paid an average of more than £1m for the latest financial year after the firm…
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Nike stock drops 10% as execs predict cheaper clothing for at least the rest of the year
Shares of Nike Inc. plunged as much as 10% after hours Thursday, after the athletic-gear giant’s executives said price-cutting efforts…
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Jupiter veers to record low just as new boss Beesley preps to take charge
Jupiter Fund Management shares were on track for a record low on 28 September, just days before new chief executive Matthew Beesley…
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H&M profit drops after Russia exit costs
Sweden’s Hennes & Mauritz AB said Thursday that net profit for its third quarter fell significantly after it booked a…
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Harley spinoff LiveWire’s stock surges in NYSE debut
The new shares of LiveWire Group Inc. charged higher Tuesday as investors prepped for the debut of electric-motorcycle company on…
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Boutique Qatalyst Partners pays London dealmakers £1.3m after bumper year
A boutique investment bank specialising in big-ticket technology deals paid a handful of London-based dealmakers an average of £1.3m last…
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Qualcomm CFO Focuses on Investing in Budding Automotive Business
Qualcomm Inc.’s finance chief Akash Palkhiwala is weighing how much to allocate toward the company’s growing automotive-chip business as consumer…
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Freetrade turns to crypto for European growth, plans to break even in 2024
Freetrade has set its sights on cryptocurrencies as part of a push into Europe, as the well-known trading app plans…
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Are you tempted to buy AMC’s new APEs? Be prepared to lose everything, the company warns
Shares of AMC preferred equity units, or ‘APEs,’ rose 5% Monday, while the company’s common stock fell 7.5%, after the…
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Barclays CEO Venkat sees trading boom fading next year
Barclays’ chief executive warned that the boom in trading revenue that has helped banks offset a slump in dealmaking fees…
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EY posts highest revenue growth in two decades at $45bn as firm gears up for historic split
EY posted revenue of $45.5bn for its latest financial year as it prepares to poll partners on its plans to…
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U.S. stocks suffer another week of losses, Dow ends lowest since November 2020 as bond yields hammer equities after Fed rate hike
U.S. stocks closed sharply lower Friday, with the Dow Jones Industrial Average ending at its lowest closing value since November…
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Snap Hires New Compliance Chief From Peloton
Lance Lanciault, joined Snap in August as the new chief compliance officer, overseeing its compliance and integrity efforts. Photo: kirill…
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Peloton announces $3,195 rowing machine
Dogged by continued demand challenges, Peloton Interactive Inc. made a venture into a new category Tuesday, announcing the debut of…
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JPMorgan, Goldman top fee tables again as Wall Street faces squeeze
JPMorgan and Goldman Sachs held on to their one-two rankings in investment banking revenue in 2022, while Bank of America…
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Ford stock drops more than 5% as supply costs to jump by $1 billion, parts shortages to leave more cars unfinished
Ford Motor Co. shares dropped more than 5% in the extended session Monday after the company said inflation and parts…
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Abrdn’s GARS bleeds investors amid firm’s £36bn outflows headache: ‘They were not taking enough risk’
Abrdn suffered an embarrassing blow when it was dumped from the UK’s FTSE 100 index — the result of plunge…
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Why crypto miners are getting hit on all sides
Last year was harvest time for crypto miners. But now, they’re getting hit on all sides as crypto prices plunge,…
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Linklaters’ top partners to take home £4m+ after lockstep shake-up
Top performing partners at Linklaters are set to take home more than £4m this year following a shake-up of the…
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SoftBank mulls launch of a third Vision Fund
Global tech investor SoftBank is considering the launch of a new giant startup investment fund, part of a plan to turn a…
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HSBC looks to rising interest rates to bolster share price amid Ping An revamp push
HSBC, Europe’s largest bank, is counting on rising interest rates to help revive its share price after a sluggish decade…
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Weekend reads: This may cause the next financial crisis
The Federal Reserve invigorated the economy before and during the coronavirus pandemic by purchasing Treasury bonds. The central bank was…
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There’s a chance EY’s consulting arm may battle after the firm splits — here’s why
Strong competition and a slowing economy could pose challenges for Ernst & Young as it looks to stand up a…
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Why FedEx’s stock plunge is so bad for the whole stock market
FedEx Corp.’s profit warning has cast a pall on the broader stock market, as a record plunge in the package…
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Peloton co-founders John Foley, Hisao Kushi step down in latest leadership shake-up
Peloton Interactive Inc. said late Monday that it has accepted the resignations of co-founders John Foley and Hisao Kushi, the…
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Weekend reads: When will the stock market come back to life?
The stock market always looks ahead — anticipating any signs of economic changes that may lead to a tightening or…
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Robinhood users buy and hold companies ‘they know, understand and believe in for the long-term.’ Here are their favorite stocks.
Tech companies, electric-vehicle makers and some meme stocks are part of the aggregate mix of equities inside the portfolios of…
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Evercore hiked pay for top London bankers by 20% last year
Boutique investment bank Evercore paid its top bankers in Europe an average of 20% more last year amid an unprecedented…
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Coming soon: Financial News launches new asset management newsletter
There has never been a more exciting time to cover the asset management industry, and keeping up to speed with…
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Government draws up plans to scrap limit on City board pay
The government has moved one step closer to removing restrictions on non-executive director pay, despite criticisms the moves would reward wealthy City…
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Vanguard’s European arm reports 33% profit drop as headcount rises by almost 200
Profit at the European arm of fund management giant Vanguard dropped by a third last year, as the business incurred…
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Why Ethereum’s ‘Merge’ could boost Coinbase stock
Between a digital asset crash and increasing competition for a dwindling number of investors, it has been a tough year for trading…
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Dow drops almost 800 points, Nasdaq down more than 3% after Powell warns of pain to households in inflation battle
U.S. stocks tumbled Friday afternoon after Federal Reserve Jerome Powell said the central bank will continue its battle against inflation…
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U.S. stock futures slip as investors await Fed Chairman Powell’s Jackson Hole address
U.S. stock index futures slipped early Friday ahead of what could be a market driving speech by Federal Reserve Chairman…
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Pimco European directors’ pay falls 14% in 2021
US bond giant Pimco paid directors at its European arm 14% less last year. According to accounts filed with Companies…
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Stocks may be headed for another selloff according to RBC’s ‘hedge fund hot dogs’ basket
A group of the most popular stocks owned by the world’s largest hedge funds are starting to underperform the broader…
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GDP shrank at 0.6% annual pace in second quarter, but it wasn’t all bad news
The numbers: The economy contracted at an annual 0.6% pace in the second quarter, updated figures show, as high inflation…
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EV Charging-Station Operators Set to Battle for Ad Dollars
The next battleground in the fight for U.S. marketers’ advertising dollars may be charging stations used by the growing number…
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Nvidia’s big reset has analysts wondering whether company is now in the clear
Nvidia Corp. just delivered an outlook for the latest quarter that was far lower than what analysts were expecting, as…
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Peloton loses more than $1 billion in latest quarter, stock dives
Fresh off an announcement that it would begin selling its bikes on Amazon.com Inc., Peloton Interactive Inc. posted a sharp…
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Nvidia sales forecast falls about $1 billion short of expectations, stock falls
Nvidia Corp. executives on late Wednesday forecast another revenue shortfall in the current quarter, after confirming an earlier warning by…
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U.S. pending home sales slip again in July as market cools, but mortgage rates show signs of stabilizing
The numbers: U.S. pending-home sales fell in July by 1% , according to the monthly index released Wednesday by the…
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Peloton stock rockets amid plans to sell bikes through Amazon
Shares of Peloton Interactive Inc. were shooting more than 18% higher in morning trading Wednesday after the company reached an…
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BNP Paribas hires Peter Zink Secher to lead ESG advisory ratings in Europe
BNP Paribas has launched a new advisory unit on ESG issues in Europe, joining a range of investment banks looking to…
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Nordstrom stock tanks after retailer lowers outlook for the year
Nordstrom Inc. stock fell more than 10% in the extended session Tuesday after the retailer beat expectations for its second…
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Zoom Video cuts earnings and revenue outlook for the year, stock falls
Zoom Video Communications Inc. executives trimmed their annual outlook Monday afternoon, sending shares lower in extended trading. Zoom ZM, -2.07%…
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Investors with $27tn jittery over sustainable funds performance
Hundreds of global investors responsible for more than $27.5tn are growing concerned about the performance of their ESG investments, with those…
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PwC UK partners set for £1m payday
PwC UK partners are set to be paid more than £1m on average after a strong financial year and a…
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