Wall Street pegs Boeing"s 737 MAX bill at more than $25 billion
Boeing Co's bill for the 737 MAX grounding could balloon to more than $25 billion, analysts estimated on Wednesday, a day after the U.S. planemaker warned of further delay in returning its once best-selling jet to service......»»
Bitcoin claws back as Wall Street breaks losing streak
The rebound came after bitcoin suffered brutal losses in a broad sell-off that vaporized several billion dollars in the cryptocurrency market......»»
5 Stocks To Watch For May 20, 2021
Some of the stocks that may grab investor focus today are: Wall Street expects Hormel Foods Corp (NYSE: HRL) to report quarterly earnings at $0.41 per share on revenue of $2.42 billion before the opening bell. Hormel shares gained 0.2% to $46.0.....»»
Microsoft board members opened investigation into Bill Gates after a staffer said the pair had engaged in a sexual relationship: WSJ report
A spokesperson for Gates told The Wall Street Journal "there was an affair almost 20 years ago which ended amicably......»»
The Wall Street Journal: Ethereum co-creator donates $1 billion in crypto for India COVID-19 relief
Vitalik Buterin, co-creator of the crypto network Ethereum, donated more than $1 billion on Wednesday to a relief fund to combat the spread of Covid-19 in India......»»
5 Stocks To Watch For May 11, 2021
Some of the stocks that may grab investor focus today are: Wall Street expects TransDigm Group Incorporated (NYSE: TDG) to report quarterly earnings at $2.51 per share on revenue of $1.17 billion before the opening.....»»
The Wall Street Journal: Gates’ divorce had been in works for years; Epstein ties said to be one source of tension
The split between Bill and Melinda Gates, announced last week, has been in the works for a long time......»»
General Motors comfortably beats Wall Street earnings expectations despite chip headwinds
The automaker still expects to bring in between $10 billion and $11 billion in adjusted pretax profit this year, desp.....»»
Boeing upgrade, Dollar General downgrade among today"s top calls on Wall Street
See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»
Pfizer, making billions from vaccine sales, blows past Wall Street expectations
Pfizer now expects to be able to deliver about 2.5 billion vaccine doses this year and already has signed contracts covering about 1.6 billion of those doses. The company also has be.....»»
Archegos hit tops $10B after UBS, Nomura losses
The battering to Wall Street banks from Archegos Capital Management topped $10 billion after UBS Group AG and Nomura Holdings Inc. reported fresh hits caused by the fund’s collapse......»»
Tesla reports another quarter of profits that top Wall Street expectations
Tesla also said it made $101 million from selling bitcoin during the period after it bought $1.5 billion worth of the cryptocurrency in February. Tesla reported f.....»»
Latham stock opens to investor cheers, valuing home swimming pool company at nearly $3 billion
Investors cheered Latham Group Inc.'s Wall Street debut, as in-ground residential swimming pool company's st.....»»
Stocks retreat from records, Intel, Boeing drag on Dow
U.S. stocks pulled back from record highs as Wall Street preps for a busy week of earnings with 10 Dow members reporting......»»
Wall Street spent a record $2.9 billion on political contributions and lobbying in 2019 and 2020, a new study shows. Here"s who spent, and received, the most cash.
Financial-services firms spent much more on Biden than on Trump, and Bloomberg LP spent more than any other firm, data suggests. President Joe Biden and former president Donald Trump. Tasos Katopodis/Getty Images, Drew Angerer/Getty Images Wa.....»»
Thermo Fisher seeks to buy pharma services company PPD for $15 billion: report
Thermo Fisher Scientific Inc. is approaching a deal to buy pharmaceutical-testing company PPD Inc. for more than $15 billion, the Wall Street Journal reported W.....»»
The Wall Street Journal: Boeing flags potential 737 MAX electrical issue on some jets
Boeing Co. said it has flagged a potential electrical issue in certain 737 MAX aircraft, asking 16 customers to address it before further operations......»»
The Wall Street Journal: Online marketplace StockX valued at $3.8 billion, lets some employees sell shares
The 35% jump in valuation comes ahead of the company’s expected public listing that is likely to happen as soon as the second half of this year, according to people familiar with the company’s plans......»»
This American Gave Away His Entire $8 Billion Fortune
Wall Street has experienced volatility a number of times since March 2020. COVID-19, GameStop’s activist short squeeze, and the Suez Canal blockage all shook up worldwide commerce. Investment firm........»»
Market Extra: ‘This has to be one of the single greatest losses of personal wealth in history,’ says stock-market pro of Archegos margin call
Wall Street on Tuesday may be seeing muted action but investors were still buzzing about the highly leveraged wrongway bet reportedly employed by Bill Hwang's Archegos Capital Management, which may have saddled many banks with multibillion-dollar losses......»»