Torsten Slok on market uncertainties due to rising inflation Torsten Slok, chief economist at Apollo Global Management, discusses rising inflation concerns on ‘Barron’s Roundtable’ The debate may be raging over whether inflation is transitory, but America's CEOs and CFOs haven't been this concerned about rising prices in more than a decade. "224 cited the term ‘inflation’ during their earnings calls […]
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PARIS/AMSTERDAM (Reuters) -Universal Music Group, the business behind singers such as Lady Gaga, Taylor Swift and The Weeknd, is valued at around 33.5 billion euros ($39.30 billion) ahead of the record label’s stock market debut in Amsterdam on Tuesday.FILE PHOTO: The logo of Universal Music Group (UMG) is seen at a building in Zurich, Switzerland July 20, 2021. REUTERS/Arnd Wiegmann/File […]
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The first earnings reports for the September quarter are not due for another three weeks. In the meantime, a scaled-back calendar of reports will keep things interesting until the floodgates open in mid-October. This week, we shall be looking at 10 companies reporting on the middle three days of the week. Here are four that are reporting quarterly results on […]
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Premarket action on Monday was decidedly downbeat. The three major indexes traded down by at least 1.5%, with the Dow Jones industrials down about 1.8%. The fate of Evergrande, one of China’s largest real estate developers, should be known in the next few days. The company’s next interest payment of $83.5 million is due Thursday and another $47.5 million is […]
Read moreSept 20 (Reuters) – U.S. and European companies have marked another milestone in their road to recovery from COVID-19, seeing their debt levels relative to profits tumbling to the lowest since before the pandemic erupted in 2020. Net leverage, an important gauge of a company’s financial health, refers to net debt as a proportion of EBITDA – earnings before accounting […]
Read moreNew York (CNN Business)It’s been a wobbly week on Wall Street and CNN Business’ Fear and Greed Index is flashing “Fear.” The stock market is in a weird place. It has fallen in most of the trading sessions this month, and the Fear & Greed Index is sitting at 39: right in the middle of “fear” territory. Friday might be […]
Read moreFILE PHOTO: Annie Sabino, 16, a grade 9 student, completes her school work next to her dog, while tending to her family’s sidewalk eatery beside their home, as schools remain closed during the coronavirus disease (COVID-19) outbreak, in Manila, Philippines, January 6, 2021./File PhotoMANILA (Reuters) – Philippine President Rodrigo Duterte has approved the resumption of face-to-face classes in areas deemed […]
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LOS ANGELES (Reuters) – Apple Inc burnished its streaming TV credentials on Sunday as “Ted Lasso” scored the Emmy award for best comedy, and Netflix Inc landed its biggest television award to date with a best drama win for “The Crown.”Slideshow ( 2 images )Netflix also tied the all-time record for the most Emmys in a single year with 44, […]
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The Nasdaq and S&P 500 closed down nearly 1% on Friday with the Dow posting a 0.5% loss on the day. Although the markets had a negative session, ARK Funds were posting some sizable gains. ARKG performed the best out of the group, up 3.0% on the day, while ARKX underperformed the rest of the group, down 0.1%. The gains […]
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