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Trump Media stock hits a wall, banks' new challenge, and crypto explodes: Markets news roundup
1729350703 from BANKING
Photo: Pixelbizz (Getty Images) The Dow and other major indexes experienced losses Tuesday afternoon as chipmakers struggled amid news of potential export caps. In the afternoon, the Dow Jones Industrial Average dropped 118 points, or 0.28%, to 42,939. The …
NYSE, CBOE set to list Bitcoin ETF options following SEC approval
1729346109 from CryptoNWS
The U.S. Securities and Exchange Commission has granted “accelerated approval” for listing Bitcoin options exchange-traded funds on the New York Stock Exchange and the Chicago Board Options Exchange. According to Oct. 18 filings, the SEC has greenlighted the NYSE and…
HDFC Bank Approves $1.5 Billion IPO of Unit HDB Financial
1729342836 from BLOOMBERG
HDB Financial Services Ltd., a unit of India’s largest private sector lender, HDFC Bank Ltd. plans to raise as much as 125 billion rupees ($1.5 billion) through an initial public offering, further adding to big debuts in the nation’s equity markets.
ThreeD Capital Inc. Disposes of Securities of Birchtree Investments Ltd.
1729291576 from FPOST
TORONTO, Oct. 18, 2024 (GLOBE NEWSWIRE) — ThreeD Capital Inc. (“ThreeD”) (CSE:IDK / OTCQX:IDKFF) a Canadian based venture capital firm focused on opportunistic investments in companies in the junior resources and disruptive technologies sectors, announces that through a series of transactions on October 11, 2024 (the “Dispositions”), ThreeD disposed of ownership and control of an […]
S&P 500 Logs Record High Close | Closing Bell
1729283647 from BLOOMBERG
Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Scarlet Fu, Carol Massar and Tim Stenovec. Sign up for the Economics Daily newsletter to discover what's driving the global economy and what it means for policy makers, businesses, investors and you. https://bloom.bg/4535pfS (Source: Bloomberg)
Imperial to hold 2024 Third Quarter Earnings Call
1729283523 from FPOST
CALGARY, Alberta — (TSE: IMO, NYSE American: IMO) Brad Corson, chairman, president and chief executive officer, and Peter Shaw, vice-president, investor relations, Imperial Oil Limited, will host a 2024 Third Quarter Earnings Call on Friday, November 1, following the company’s third quarter earnings release that morning. The event begins at 9 a.m. MT and will […]
Citi Nabs BBVA Tech Head to Lead Revamp Ahead of Banamex IPO
1729281885 from BLOOMBERG
Citigroup Inc. poached Banco Bilbao Vizcaya Argentaria SA’s head of software development to lead a technology architecture overhaul at its Banamex unit ahead of the Mexican consumer bank’s planned initial public offering next year.
Netflix Beats Every Wall St. Metric, iPhone Demand Surges in China
1729280415 from BLOOMBERG
Bloomberg's Ed Ludlow and Caroline Hyde discuss Netflix as the company reported subscribers that beat analyst estimates. Plus, new data out from Counterpoint Research shows a jump in iPhone demand in China, and Tesla faces a US probe over its Full Self-Driving feature after a series of crashes. (Source: Bloomberg)
Netflix Beats Every Wall St. Metric
1729279927 from BLOOMBERG
Streaming giant Netflix posted third quarter earnings, beating Wall St. forecasts and adding more than 5 million subscribers. Bloomberg's Felix Gilette joins Ed Ludlow and Caroline Hyde to discuss on "Bloomberg Technology." (Source: Bloomberg)
Earnings and Politics | Bloomberg Surveillance | October 18, 2024
1729276008 from BLOOMBERG
Bloomberg Surveillance hosted by Tom Keene and Paul Sweeney October 18, 2024 (with guest co-host David Gura) Featuring: • Lara Rhame, Chief Economist at FS Investments, discusses why she believes a soft landing might not be in the cards for the US economy • Nancy Curtin, Partner & Global CIO at AlTi, offers a bullish stance on the stock market for the third quarter and examines China's economic struggles • Gautam Mukunda, author and Yale University lecturer, explains how to interpret the ultra-tight polling data between Vice President Kamala Harris and former President Donald Trump • Carole Streicher, Americas Regional Head of Deal Advisory for KPMG International, breaks down her expectations for M&A volume over the next year Get the Bloomberg Surveillance newsletter, delivered every weekday. Sign up now: https://www.bloomberg.com/account/newsletters/surveillance (Source: Bloomberg)
Spreads In 'Valuation Conundrum:' Goldman's Karoui
1729275527 from BLOOMBERG
Goldman Sachs Chief Credit Strategist Lotfi Karoui says we're in a "valuation conundrum" from a spread standpoint. BNP Paribas Head of US Credit Strategy Meghan Robson says her favorite trade right now is single-B loans, Lotfi Karoui agrees. (Source: Bloomberg)
Sanofi Set to Sign Consumer Health Deal With CD&R This Weekend
1729272886 from BLOOMBERG
Sanofi is aiming to sign an agreement this weekend to sell control of its consumer health business to Clayton Dubilier & Rice, following a last-ditch attempt by a rival bidder to derail the deal, people with knowledge of the matter said.
Airline Stocks Recover From Failed Summer Surge to Hit 2022 High
1729268412 from BLOOMBERG
A record-breaking summer travel season failed to get investors excited about airlines, but an encouraging start to earnings, along with plans to dial back domestic capacity growth to more closely match demand, is brightening the outlook for the sector.
Banks Put Up Strong Earnings, Pushing Stocks Beyond 2023 Levels
1729267603 from BLOOMBERG
It’s been a long hard climb, but a better-than-expected earnings season is propelling bank stocks back to levels not seen since before the 2023 regional banking crisis, signaling that investors have finally regained confidence in the finance industry.
Netflix Beats Wall Street’s Forecasts in Every Major Metric
1729266816 from ADVSRPERSP
Netflix Inc. added more than 5 million customers in the third quarter and eclipsed Wall Street’s expectations on every major financial metric despite a new programming slate constrained by last year’s strikes in Hollywood.
Investment banking has made a multibillion-dollar rebound, but it's too early to pop the Champagne
1729264093 from BANKING
Major banks like Goldman Sachs walloped Wall … thanks to dealmaking fees. Investment banking has made a comeback, and … for investment bankers. The biggest banks on Wall Street reported a … a blip. For the five banks, Mayo estimated that capital markets …
Shareholders of many banks to receive dividends soon
1729262557 from BANKING
… of 2024, three State-owned banks Vietcombank, BIDV and VietinBank … information shows that the banks may soon pay dividends … Besides State-owned banks, a number of private banks also plan to … banks with the largest charter capital in the country’s banking …
Wall Street Sniffs Out Worry in Credit Cards, Auto Loans
1729262117 from BLOOMBERG
American Express Co.'s trim to full-year revenue guidance spooked investors, who detected ``a little bit of a question mark'' over consumers' strength, Bloomberg's Katherine Doherty says. Traders had a similar reaction to results from Ally Financial Inc., which reined in new auto lending as borrowers struggle with high debt loads, Doherty says on "Bloomberg Open Interest." (Source: Bloomberg)