(Reuters) – At JPMorgan Chase’s investor day on Monday, shareholders will focus on the bank’s growth strategy and succession plans. CEO Jamie Dimon and President Daniel Pinto are among the key executives expected to be present. Dimon has run the largest U.S. lender for more than 18 years, and his next steps have been the …
Factbox-JPMorgan leaders shaping its strategy as succession comes into focus Read More »
(Reuters) -The owner of Donald Trump’s social media company Truth Social said on Monday it had cooperated with an inquiry from the Financial Industry Regulatory Authority (FINRA) tied to its blank-check merger. The inquiry from FINRA, Wall Street’s self-regulator, was related to trading prior to the announcement of the deal with Digital World Acquisition Corp, …
Trump’s social media company discloses inquiry from FINRA Read More »
By Chuck Mikolajczak NEW YORK (Reuters) – The Nasdaq closed at a record high on Monday while the S&P 500 gained slightly as technology stocks advanced ahead of Nvidia’s highly anticipated earnings and investors gauged the timing of an interest rate cut by the Federal Reserve. The S&P 500 technology index led gains among the …
Nasdaq hits record, S&P ticks higher with Nvidia results eyed Read More »
(Reuters) -Soroban Capital Partners has built a stake in industrial firm Johnson Controls International in the wake of pressure from Elliott Investment Management, Bloomberg News reported, citing people with knowledge of the matter. A New York-based hedge fund, Soroban has invested more than $500 million, making it one of the company’s top 20 shareholders, according …
(Reuters) – Peloton Interactive said on Monday it will sell $275 million of convertible notes due 2029 as the fitness equipment maker looks to refinance its debt and return to growth after 13 straight quarters of losses. Shares of Peloton were down 11.9% after the bell. The company intends to use the net proceeds from …
Peloton to sell $275 million of convertible notes to refinance debt Read More »
(Reuters) -Zoom Video Communications on Monday raised its forecast for full-year profit and revenue, helped by robust demand for its product portfolio as companies continue to adopt hybrid work models. The upbeat outlook suggests that Zoom’s efforts to incorporate artificial intelligence (AI) into its offerings and broaden its range of services have been successful, capitalizing …
Zoom Video lifts full-year profit, revenue forecast on robust demand Read More »
(Reuters) – U.S.-based restaurant chain Red Lobster has filed for Chapter 11 bankruptcy protection in a Florida court after securing $100 million in financing commitments from its existing lenders, the company said on Sunday. The company listed its assets and liabilities to be between $1 billion and $10 billion, according to a court filing. Red …
Red Lobster seeks bankruptcy protection with $100 million in financing commitments Read More »
By Arsheeya Bajwa (Reuters) – Wall Street is betting on a blowout quarterly report from Nvidia on Wednesday, with its stock near record highs as investors look for evidence that the AI chipmaker can maintain its explosive growth and stay ahead of rivals. The results will be the latest test for Wall Street’s picks-and-shovels trade …
Wall Street bets on stellar quarterly results from Nvidia Read More »
By Elizabeth Howcroft LONDON (Reuters) – Global venture capital investment in crypto companies rose to $2.4 billion in the first three months of 2024, data showed on Monday, in a tentative sign that investor interest is returning. Crypto venture capital flows peaked at $11.1 billion in the first quarter of 2022, before seven consecutive quarters …
Venture capital investment in crypto picks up after long decline Read More »
By Himanshi Akhand and Rishav Chatterjee (Reuters) -Star Entertainment said on Monday a consortium led by Florida-based Hard Rock Hotels & Casinos is considering a bid for the cash-strapped Australian firm, sending its shares 20% higher. A potential takeover by entertainment giant Hard Rock would provide a much-needed financial lifeline to Star, which has been …
Star Entertainment says Hard Rock-led group weighs bid, shares surge Read More »
