Big Tech’s Profit Machine Is Propping Up S&P 500 Earnings
With the list of stock-market worries growing seemingly by the day, investors looking to earnings season for a dose of good news are hanging their hopes on a familiar group: Big Tech.
With the list of stock-market worries growing seemingly by the day, investors looking to earnings season for a dose of good news are hanging their hopes on a familiar group: Big Tech.
Mitsubishi UFJ Financial Group Inc. has mandated banks to sell dollar-denominated Additional Tier 1 bonds, in what looks set to be the first such offering in the US currency by any Japanese lender.
Troubled Indian education startup Byju’s said it will report financial results for the year through March 2022 this week, after more than a year’s delay.
Crypto exchanges seeking to bolster sagging revenues are stepping up lending, potentially seeding the market with fresh risks less than a year after the last major crisis.
The outlook for earnings is weakening and could remain subdued, according to strategists from Morgan Stanley to JPMorgan Chase & Co.
KKR & Co. submitted an offer for Telecom Italia SpA’s landline grid, even as the long-awaited binding bid excluded the heavily indebted company’s subsea cable unit and raised questions about possible delays. The shares fell in Milan.
The Palestinian envoy to China called for Beijing to play a role in ending the Israel-Hamas war amid concerns of a wider conflict and rising humanitarian toll.
A top Canadian navy official said there’s no sign the diplomatic standoff between India and Canada over the killing of a Sikh separatist leader has impacted military-to-military cooperation between the two nations.
Brent oil was little changed near $90 a barrel, with Israel yet to launch its expected ground offensive into the Gaza Strip and the US ratcheting up efforts to prevent the crisis from becoming a full-blown, regional conflagration.
(Bloomberg) — China’s central bank stepped up efforts to support the nation’s economic recovery and debt sales by delivering the largest cash injection since 2020 with one-year policy loans.Â