Finance
Stocks making the biggest moves midday: Genuine Parts, General Motors, Verizon, Philip Morris and more
Check out the companies making headlines in midday trading: Genuine Parts — Shares fell about 20% on the back of the company’s weaker-than-expected earnings for the third quarter. During the period, Genuine Parts earned $1.88 per share, excluding items, below the $2.42 per share that analysts polled by FactSet were expecting. It also slashed its […]
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SAP boss warns against regulating AI, says Europe risks falling behind U.S., China
Key Points Christian Klein, head of German software giant SAP, says Europe risks falling behind the U.S. and China if it ends up overregulating the AI sector. “If you only regulate technology in Europe, how can our startups here in Europe … compete against the other startups in China, in Asia, in the U.S.?” Klein […]
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Stocks making the biggest moves premarket: Cheesecake Factory, Sherwin-Williams, 3M and more
Check out the companies making headlines before the bell. Cheesecake Factory — Shares gained more than 3% after activist investor JCP Investment Management built a stake in the company and asked it to consider spinning off three of its brands into a separate company. General Motors — Shares were down slightly even after the automaker […]
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More startups are being spun out of Klarna than any other European fintech unicorn
Key Points Alumni from Klarna have gone on to create 62 new startups — more than any other fintech unicorn in Europe, according to a new report from venture capital firm Accel. Out of 98 venture-backed fintech unicorns in the region, 82 have produced 635 new tech-enabled startups, according to Accel’s report. Accel labels these companies […]
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HSBC names Pam Kaur as first female CFO amid major restructuring
Key Points HSBC on Tuesday named veteran insider Pam Kaur as its first female finance chief and announced a consolidation of the bank into four business units. This is the second heavyweight leadership shakeup for HSBC in recent months, after former finance boss Georges Elhedery was named CEO of the group back in July. The bank also announced plans […]
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Stocks making the biggest moves after hours: Nike, Zions Bancorporation, Nucor and more
Check out the companies making headlines after the bell . Nike — Shares added nearly 1% after the sneaker giant and athletics apparel company renewed its uniform partnership with the NBA and WNBA. The company will be the exclusive provider of uniforms for both leagues for another 12 years. Zions Bancorporation — The regional bank […]
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The election could be less of a market catalyst than people think, some investors say
The U.S. presidential election is fast approaching, but it may not have as much an impact on markets as people may think, some investors say. With just a little over two weeks until the election, the race appears to be locked in a “dead heat” between former President Donald Trump and Vice President Kamala Harris, […]
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KKM Financial’s Essential 40 stock fund is now an ETF
The Nasdaq MarketSite in New York, US, on Monday, Sept. 16, 2024. Yuki Iwamura | Bloomberg | Getty Images KKM Financial has converted its Essential 40 mutual fund into an ETF, joining the growing shift by asset managers to a more tax-efficient fund model. ETFs make it easier for investors and financial advisors with taxable […]
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Why abortion access is a personal finance issue, says demographer who studies the effects of unwanted pregnancy
Key Points Diana Greene Foster led The Turnaway Study, a landmark research study on the socioeconomic outcomes for Americans who are “turned away” from abortion. Foster, a demographer and professor at the University of California San Francisco, found higher instances of poverty and a greater likelihood of bankruptcies and evictions for women who couldn’t get […]
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Stocks making the biggest moves premarket: Boeing, Kenvue, Humana, Warby Parker and more
Check out the companies making headlines before the bell. Kenvue – The consumer health company jumped more than 8% after the Wall Street Journal said activist investor Starboard Value has taken a stake in the Johnson & Johnson spinoff . Boeing – Shares added 3.3% after the aircraft maker and its machinists’ union reached a […]
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