Signage for New Oriental Education & Technology Group. Photographer: Nelson Ching/Bloomberg 2012 Bloomberg Finance L.P. Shares in Chinese education companies that tutor students on school curriculum plunged today on reports that the government may ask them to convert to non-profits, highlighting anew risks facing investors in the country’s stocks. Rules being mulled would likely no… More
A Crown Resorts logo at the entrance to the Crown Melbourne casino and entertainment complex in … [+] Melbourne, Australia, on Wednesday, March 24, 2021. Carla Gottgens/Bloomberg Star Entertainment Group said Friday it pulled its proposed merger with Crown Resorts—controlled by billionaire James Packer—amid allegations of tax evasion and lax money laundering controls at Crown’s… More
(Photo by David Ramos) Getty Images Verizon VZ reported better-than-expected second-quarter earnings before the opening bell on Wednesday, July 21. Its quarterly earnings-per-share came in at $1.37 per share with revenue of $33,764 million. Expectations were $1.30 per share on revenue of $32,688 million. The primary driver of gains came from Version Wireless on favorable… More
getty Thursday was a day for not a whole lot in terms of market movements, as the S&P 500 was trading flat to slightly higher, the Dow trading flat to slightly lower, and the Nasdaq NDAQ flat to slightly higher. Market participants are digesting a number of conflicting factors, so it would make sense to… More
Southwest and American jets operating near the terminal at Philadelphia International Airport. … [+] DANIEL SLIM/AFP via Getty Images AFP via Getty Images American, Southwest and Alaska airlines got by in the second quarter with a little help from their 535 friends in Congress, with each reporting Thursday that they earned small profits thanks to… More
Bank of America has been named as a Top 25 ”Dividend Giant” by ETF Channel, with a staggering $32.99B worth of stock held by ETFs, and above-average ”DividendRank” statistics including a strong 2.18% yield, according to the most recent Dividend Channel ”DividendRank” report. The report noted a strong quarterly dividend history at Bank of America… More
Sell now button getty The market looks like it’s about to fall apart. Which means we contrarians will step in, and smartly bank more dividend for our dollar. Some of us park our dry powder in cash. Others stash in conservative bond funds to juice a bit more yield out of our savings. Let’s talk… More
Sunseap’s offshore floating photovoltaic (OFPV) system in Singapore. Courtesy of Suneap AC Energy—controlled by Philippine billionaire Jaime Zobel de Ayala’s Ayala Corp.—and Singapore-based Sunseap Group are investing over $2.4 billion in separate renewable energy projects across Southeast Asia as countries around the region accelerate their transition into a carbon-free future. Sunseap—backed by Thai billionaire Isara… More
Hui Ka Yan speaks during a news conference on the sidelines of the fourth session of the 12th National People’s Congress on March 6, 2016 in Beijing, China. Etienne Oliveau/Getty Images Chinese real estate tycoon Hui Ka Yan is rapidly slipping down the wealth rankings. He net worth dropped another $3.35 billion this week, as… More
(Photo by Olly Curtis) Future via Getty Images Netflix (NFLX) reported second-quarter earnings miss after the closing bell on Tuesday, July 20. The consensus estimate was that earnings-per-share would be $3.16 but the company reported $2.97 per share. Revenue came in at $7.34 billion, slightly above consensus. The key metrics is projected subscribers. For its… More
With an ever increasing demand for impactful solutions, it’s important to understand the spectrum of … [+] technologies that can help enable investors to move the dial. Daniele Franchi on Unsplash Sustainability is a macro trend that influences and shapes various industries in a myriad of ways. As conscious consumerism takes hold globally, greater transparency… More
Topline Core Scientific, one of the largest cryptocurrency miners in the United States, announced Wednesday it plans to list on the Nasdaq exchange in a deal that values the four-year-old company at $4.3 billion—the latest sign the nation’s growing prominence as a bitcoin mining hub should only rise as longtime market leader China continues cracking… More
Topline Core Scientific, one of the largest cryptocurrency miners in the United States, announced Wednesday it plans to list on the Nasdaq exchange in a deal that values the four-year-old company at $4.3 billion—the latest sign the nation’s growing prominence as a bitcoin mining hub should only rise as longtime market leader China continues cracking… More
getty Bears are running for the hills again, as markets rallied again, reversing Monday’s losses in just a couple of days. It appears that any Delta or inflation scare is just another notch in the wall of worry that this secular bull market will not pay attention to. It might be due to earnings reports… More
Topline Movie theater chain AMC Entertainment announced Wednesday morning the appointment of CEO Adam Aron—a leisure industry veteran who’s embraced AMC’s emphatic crowd of retail investors—as its new board chair, replacing an executive at billionaire-controlled Dalian Wanda Group, which sold off nearly all its stake this year amid the unprecedented rise in AMC’s stock price.… More
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