OPPENHEIMER CO INC
Asian stocks ebb as global rally loses momentum
Asian stocks showed signs of losing momentum Friday, with indexes opening lower in South Korea and Japan, while global equities remained flat. Investors are closely watching Chinese stocks after JPMorgan upgraded its recommendation, and are also focused on the yen's stability amid steady Tokyo inflation and potential Bank of Japan rate hikes.
Asian stocks steady as markets await Fed decision: Markets wrap
Asian stocks were steady early Tuesday following a mixed session on Wall Street. Traders are betting on a half-point rate cut from the Federal Reserve this week. Markets in China and South Korea remain shut for public holidays. Investors are also watching the trading debut of Chinese appliance giant Midea Group Co. in Hong Kong.
New Starbucks ‘dream’ CEO swings $27 billion in market value
Starbucks Corp. investors have never rewarded the stock more than they have today on the news that the coffee chain giant hired Chipotle Mexican Grill Inc.’s Chief Executive Officer Brian Niccol as its new leader.
Caterpillar's shares hit record high on profit beat, robust demand
Caterpillar beat estimates with a double-digit jump in operating profit on Monday to send its shares to a record high buoyed by mining equipment sales and higher prices across its machinery divisions.
'Barbie' success and Marvel struggles may signal a shift for movies
Even though the Avengers series saw three releases this year, none of came in top 3 releases of the year. "Barbie," "The Super Mario Bros. Movie" and "Oppenheimer" ruled the box office year. The last time this happened was in 20021 when "Harry Potter and the Sorcerer's Stone," "Shrek" and "Monsters, Inc." topped the box office.
Coinbase’s quarterly crypto trading volume likely lowest since before public debut
The largest US digital-asset platform registered about $76 billion in spot trading volume, a drop of 52% from the year-ago period, according to data compiled by researcher CCData. The tally is also likely the least since before the company’s much ballyhooed direct listing on the Nasdaq Stock Market in April 2021, or just months before prices of cryptocurrencies peaked.
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Nasdaq gets SEC nod for first exchange AI-driven order type
The dynamic version of this will use an AI technique known as reinforcement learning to watch market behavior and make real-time adjustments to that holding period to improve the quality of execution and percentage of order filled in the market
US bank trading and deposits in focus after rollercoaster month
After two high-profile bank closures this month shook confidence in the industry, observers are focused on whether firms will become more conservative by reining in lending or suspending stock buybacks. JPMorgan Chase & Co., the biggest U.S. lender, will report its first-quarter results on April 14, followed by rival Bank of America Corp on April 18.
Treasury Secy Janet Yellen, Jamie Dimon and Jerome Powell helped clinch First Republic deal with key lawyer
The planned rescue package was discussed by Treasury Secretary Janet Yellen, Federal Reserve Chairman Jerome Powell and JPMorgan Chase & Co CEO Jamie Dimon earlier this week, two sources familiar with the situation said.
Healthcare stocks have record week as investors run for safety
Drugmakers AbbVie Inc., Pfizer Inc. and Eli Lilly & Co. as well as the largest U.S. health insurer, UnitedHealth Group Inc., all gained more than 6% over the past five days. With the exception of Pfizer, they also reached record highs, though valuations still trail the broader market.
Crypto 'winter' slows volume on some of the biggest exchanges
FTX US, the American affiliate of eponymous trading juggernaut, has seen lower trading volumes "across the board" in the last week, FTX US president Brett Harrison said in an interview. "To me it looks like we're in the period of just decreased volume and subdued trading activity following drops in general."
Morgan Stanley reveals $911 million Archegos loss as profit jumps
Morgan Stanley lost $644 million by selling stocks it held related to Archegos' positions, and another $267 million trying to "derisk" them, Morgan Stanley Chief Executive James Gorman said on a call with analysts.
Goldman strategist joins chorus saying buy the dip in stocks
Market watchers at investment banks including Goldman Sachs Group Inc., JPMorgan Chase & Co. and Nomura Holdings Inc. are among those expecting a turnaround.
Wall St gains as investors buy the dip; stimulus measures in focus
Investors now expect the Fed to deliver a 50 basis points rate cut when it meets on March 17-18.
For Glenn Saldanha, innovation is the new Vitamin for Glenmark's success
Investors complained, competitors were mystified and Saldanha's father was skeptical. Nevertheless, Saldanha pressed ahead in the painstaking trial and error process of new drug discovery.
Infosys’ third largest institutional investor OppenheimerFunds backs Vishal Sikka
As of December 31, 2016, the nonexecutive founders (promoter and promoter group) owned 12.8 per cent of the Company’s outstanding shares.
Did Federal Reserve's Janet Yellen just enter currency wars?
Policy makers pointed to the dollar's rising value as "a persistent source of restraint" on exports in a surprisingly dovish set of minutes .
Apax confident iGate will survive Phaneesh Murthy-gate turmoil
iGate had entered into a pact with Apax for part-financing over $ 1.2 billion buyout of a larger rival Patni Computer Systems in 2011.
How Einhorn turned from Apple advocate to agitator
Einhorn had for months been imploring Apple's CFO to have the company issue dividend-paying preferred shares to reward investors.
Apple to pay dividend, buy back $10-billion stock
Apple plans to pay a dividend and buy back $10 bn of its stock, returning some of its $97.6 bn in cash and investments to shareholders.
Analysts forecast 57% jump in US bank earnings including Bank of America
Analysts' failure to foresee declining earnings per share for the biggest US banks last year hasn't stopped them from predicting an even bigger profit surge for 2012.
MakeMyTrip announces public offer for fresh funds
MakeMyTrip and some of its shareholders are looking to issue up to 69 lakh equity shares of the company in a public offer that could raise nearly Rs 820 crore.
Apple feelers to Blackstone CFO hints at deals
'If you're trying to hire someone whose DNA is deals, you're signalling to the public markets that you're considering changing your portfolio.'
Apple feelers to Blackstone CFO hints at deals
APPLE Inc's approach to Blackstone Group LP Chief Financial Officer Laurence Tosi about becoming finance chief may be a sign Steve Jobs is ready to pick up the dealmaking pace.
MakeMyTrip to raise $100mn in US
Online travel services company Make-MyTrip plans to raise up to $100 million through an initial public offer on US stock exchange Nasdaq, it informed the capital markets regulator Securities & Exchange Commission (SEC).
MakeMyTrip to raise $100 million in US
Online travel services company MakeMyTrip plans to raise up to $100 million through an initial public offer on US stock exchange Nasdaq, it informed the capital markets regulator Securities & Exchange Commission (SEC).
MakeMyTrip plans $100 mn IPO in US; to get listed on NASDAQ
MakeMyTrip Ltd, the parent firm of India's largest online travel company, MakeMyTrip India Pvt Ltd, plans to raise up to $100 million (about Rs 465 crore) through an initial public offering in the US.
Citi agrees to buy Wachovia
Citigroup will acquire the banking operations of Wachovia, rescuing the Charlotte, North Carolinabased lender beset by mortgage losses for more than $2 bn in stock.
Nortel and Motorola planning combination in wireless network equipment
Motorola Inc and Nortel Networks are discussing a joint venture that would combine their wireless network infrastructure divisions, according to a media report.
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