Credit Suisse Bank Losses Deepen, Threatening Overhaul: WSJ
Credit Suisse Group AG reported a fifth consecutive quarterly loss and said rich customers withdrew around $100 billion in the fourth quarter, signs that the beleaguered lender has yet to turn the corner. The Swiss bank is trying to recover from scandals and financial losses with a sweeping overhaul. It wants to focus on wealth […]
Risk Management Explained
Risk management is critical in the retail brokerage space because it ensures that financial institutions operate in a safe and sound manner while also protecting their clients’ interests. Risk management in this context refers to the identification, assessment, and prioritization of risks that a retail brokerage may face, as well as the implementation of risk-mitigation […]
‘ChatGPT is today’s hand calculator,’ this CEO says
Will you be able to build the next blockbuster videogame at home using ChatGPT? Not so fast, says Take-Two Interactive Software Inc. TTWO, -3.40% Chief Executive Strauss Zelnick. But that doesn’t mean the technology lacks promise. Read: Take-Two stock slips as company plans cost cuts, outlook falls below Street view Zelnick said on his company’s […]
Lawrence Summers and IMF director both say odds of soft landing for U.S. are improving
““It looks more possible that we’ll have a soft landing than it did a few months ago.”” Those were the words of former Treasury Secretary Lawrence Summers on Sunday, offering hope that the U.S. economy can avoid recession, but warning that inflation is still far too high. In an interview on CNN’s “Fareed Zakaria GPS” […]
What CEOs Are Saying: ‘The Consumer Is Under Pressure’: WSJ
Here’s what leaders from Nasdaq, Microsoft, Tesla and elsewhere said about the economy, inflation and other topics this week. Source link
AMD earnings face even more scrutiny after ‘astonishingly bad’ Intel outlook
Advanced Micro Devices Inc. gets to show Wall Street if it “certainly” ended 2022 in a better place, after the price of clearing inventory helped gut results from rival Intel Corp. AMD AMD, +0.32% is scheduled to report earnings after the close of markets on Tuesday. AMD Chief Executive Lisa Su said three months ago […]
Intel stock drops nearly 10% after earnings miss, execs predict quarterly loss as data-center market shrinks
Intel Corp. shares dropped more than 9% in the extended session Thursday after the chip maker reported a big miss for the fourth quarter, forecast a loss for the first quarter, said the data-center market was contracting and that inventory digestion will gnaw at margins. Intel INTC, +1.31% executives forecast an adjusted loss of 15 […]
Curaleaf cutting staff as it exits three U.S. states
This story has been updated to provide correct figures for the number of states Curaleaf operates in; also the number of total employees at the company. Curaleaf said Thursday it has reduced its payroll by 10% as it exits California, Colorado and Oregon in the face of price compression and unchecked competition from the illicit […]
GE has seen only 1 thing that warns of falling demand in 2023
That’s General Electric Co. Chief Executive Larry Culp, who said Tuesday he was only seeing one demand indicator that suggests the U.S. economy was slowing. But that indicator was enough for the company to provide a 2023 earnings estimate below Wall Street expectations. The aerospace, power and renewable energy company reported before Tuesday’s opening bell […]
Microsoft stock dives into the red after forecast misses, CFO warns about deceleration
Microsoft Corp.’s profit declined more than 12% in the holiday season, and executives said Tuesday that a revenue deceleration at the end of 2022 is expected to continue into the new year as the company lays off workers. Microsoft MSFT Chief Financial Officer Amy Hood said in a conference call Tuesday that “we are seeing […]