MODERN FINANCE CAPABILITIES
You can’t build the finance organization of the future with tools of the past. The cloud is your opportunity to transform yourself and fulfill your ambitions Read More
STOCKS MAKING THE BIGGEST MOVES IN THE PREMARKET: HILTON GRAND VACATIONS, J&J, NRG ENERGY & MORE
Hilton Grand Vacations (HGV) – The timeshare company posted a wider-than-expected loss for its latest quarter, while revenue was also below Wall Street forecasts. Hilton Grand Vacations said the pandemic has created a challenging environment but said 85% of its properties are now open and operating. Its shares fell 2.3% in premarket trading. Read More
BITCOIN IS AT A TIPPING POINT AND COULD BECOME ‘CURRENCY OF CHOICE’ FOR GLOBAL TRADE, CITI SAYS
Citi thinks bitcoin is at a “tipping point” and could one day “become the currency of choice for international trade” as companies like Tesla and PayPal warm to it and central banks explore issuing their own digital currencies. Read More
NEW YORK ATTORNEY GENERAL WARNS CRYPTOCURRENCY INDUSTRY: ‘PLAY BY THE RULES OR WE WILL SHUT YOU DOWN’
New York Attorney General Letitia James sent a blistering warning to investors and industry members about the dangers of cryptocurrencies on Monday. “We’re sending a clear message to the entire industry that you either play by the rules or we will shut you down,” she said in a press release. The warning from James, which
EXXON SHARES JUMP AS ACTIVIST INVESTOR JEFF UBBEN JOINS THE BOARD
Exxon Mobil announced two board seat changes Monday, including activist investor and ESG proponent Jeff Ubben, in a sign that the company is confronting its uncertain future as the world moves toward cleaner energy and as investors shy away from oil stocks. Read More
BLOCKCHAIN, TECHNOLOGY THAT’S ALL ABOUT TRUST
For the first time in the internet’s history, trust can be a public good shared by everyone and owned by no one. Control of your digital data. Security. Transparency. Convenience. And most importantly, trust.
BITCOIN TANKS 10% AFTER ELON MUSK SAYS PRICES SEEM HIGH
Bitcoin slid Monday, pausing its stunning rally after Elon Musk said prices “seem high.” The world’s most valuable cryptocurrency sank over 10% to a price of $51,993 Monday morning, according to data from Coin Metrics. At one point, bitcoin had dipped below the $50,000 level, falling as low as $47,700. Read More
THOMSON REUTERS RESHAPES CORPORATE STRUCTURE FOR POST-PANDEMIC WORLD
Thomson Reuters Corp reported higher sales and operating profits and said it would reshape its corporate structure for a post-pandemic world, closing offices, streamlining technology and relying more on artificial intelligence and machines. Read More
TESLA DROPS AS MUCH AS 13%, TURNS NEGATIVE FOR THE YEAR
Tesla’s recent slide accelerated on Tuesday, as investors rotated out of high-flying tech names. Shares of the electric vehicle maker dipped as much as 13% the stock’s worst day since Sept. before recovering some of those losses. At 10 a.m. on Wall Street shares were down 7.8%. Read More
HSBC PAYS DIVIDENDS AGAIN AFTER BEATING ESTIMATES ON 2020 PROFIT
HSBC on Tuesday reported full-year earnings for 2020 that beat expectations and announced a dividend payout for the first time since the Covid-19 pandemic. Europe’s largest bank by assets, which makes most of its revenues in Asia, said its reported profit before tax for 2020 fell 34% from a year ago to $8.78 billion. That
HOME DEPOT (HD) SHARPLY LOWER DESPITE STRONG QUARTER
Dow component The Home Depot, Inc. (HD) is trading lower by more than 2% in Tuesday’s pre-market despite beating fourth quarter 2020 top- and bottom-line estimates by wide margins. The company booked a profit of $2.65 per share, $0.28 better than expectations, while revenue surged 25.1% year over year to $32.26 billion, beating consensus by
NASDAQ FALLS 2% AS TECH SELL-OFF CONTINUES, DOW TRADES OFF LOW ON POWELL
Tech shares dropped for a second day on Tuesday in the face of higher interest rates and a rotation into stocks more linked to the economic comeback. Of the three major indexes, the Nasdaq Composite suffered the worst of the losses and traded down by 2.3%. The move during the session pushed it below its