Shares of Macquarie Group, Australia's largest investment bank and asset managers, experienced a downward trend after the company reported "substantially down" earnings for the first quarter of fiscal year 2024. This news comes as a disappointment to some analysts who had higher expectations. The stock price fell by 4.3% to $175.07 Australian dollars (US$118.33), reaching a low … [Read more...] about Macquarie Group’s Q1 Earnings Drop
Microsoft’s Acquisition of Activision Blizzard Nears Completion
For Microsoft (MSFT), the final hurdles in the U.S. regulatory process for the acquisition of videogame company Activision (ATVI) are swiftly being overcome. The FTC failed to obtain an emergency injunction from federal courts to block the merger, and now it seems that the agency may abandon its in-house legal proceedings. According to a filing on the FTC website on Thursday, … [Read more...] about Microsoft’s Acquisition of Activision Blizzard Nears Completion
American Express Boosts Provisions for Credit Losses
American Express Co. announced an increase in its provisions for credit losses in the latest quarter. Despite this, executives at the company remain optimistic about the health of credit trends. During the June quarter, American Express reported a net reserve build of $327 million. This, along with higher net write-offs compared to the previous year, led to consolidated … [Read more...] about American Express Boosts Provisions for Credit Losses
U.S. Stocks Hold Steady as Dow Jones Extends Winning Streak
The closing bell on Friday marked another day of little change for U.S. stocks. The Dow Jones Industrial Average managed to eke out a 10th straight daily gain, solidifying its longest winning streak in almost six years. However, the Nasdaq Composite ended the session lower, wrapping up its second weekly decline in three. Dow Jones Industrial Average (DJIA) … [Read more...] about U.S. Stocks Hold Steady as Dow Jones Extends Winning Streak
Florida Governor Ron DeSantis Downplays Jan. 6 Attack at U.S. Capitol
Florida Governor Ron DeSantis recently made controversial remarks about the January 6, 2021 attack on the U.S. Capitol, portraying it as a mere "protest" that unfortunate escalated. In an interview on the podcast of comedian Russell Brand, DeSantis dismissed the idea that the attack was an insurrection orchestrated to overthrow the government, stating that it was a narrative … [Read more...] about Florida Governor Ron DeSantis Downplays Jan. 6 Attack at U.S. Capitol
