Home / Finance (page 155)

Finance

Signet stock surges, on pace for best day in 22 years

Signet’s performance was buoyed by double-digit sales growth from from its e-commerce websites and strong revenue in North America. Signet has now beat sales expectations for three consecutive quarters. Moment of transition The strong results come at a moment of transition for the jewelry maker. The company said CFO Michele …

Read More »

Jefferies says buy PayPal shares due its market leadership in online payments

Justin Sullivan | Getty Images A sign is posted outside of the PayPal headquarters on April 9, 2018 in San Jose, California.  PayPal shares will rise due to the strength of its core payment platform, according to Jefferies. The firm reiterates its buy rating for PayPal shares, predicting it will …

Read More »

Guggenheim names Square its ‘best idea’ in fintech, sees stock gain

Louis Ascui | Fairfax Media | Getty Images Jack Dorsey, CEO of Square Even after payments company Square’s stock price quadrupled in a year, one analyst is betting that the shares are still cheap. Guggenheim raised its price target to $100 from $75 Tuesday and named Square its “new best …

Read More »

H&R Block, Box & more

Drew Angerer | Getty Images News | Getty Images  A woman jogs past an H&R Block office on Tax Day, April 18, 2017. Check out the companies making headlines after the bell: H&R Block shares rose 4.5 percent during after-hours trading following better-than-expected earnings for its first quarter, but subsequently …

Read More »

Thomson Reuters surges after $9 billion stock buyback announcement 

Thomson Reuters stock jumped Tuesday following news that the media and information firm would officially begin buying back shares. The company’s board of directors approved a $9 billion stock buyback from shareholders through what’s known as a “substantial issuer bid,” or SIB, kicking off Tuesday. The price range for the …

Read More »

Goldman teams up with a startup to make more home-improvement loans

Suzanne Kreiter | The Boston Globe | Getty Images A home improvement contractor works on a house in Cambridge, Massachusetts. Goldman Sachs is taking one more step into the world of ordinary consumers. The bank is rolling out a new tool that helps potential borrowers estimate how much an addition …

Read More »

Chinese stocks are down, but steel prices tell different economy story

Steel prices have diverged from China’s falling stock market, indicating the world’s second-largest economy is more resilient than many fear. Stock investors have worried about slowing economic growth as Beijing tries to reduce its reliance on debt, especially in the face of rising trade tensions with the U.S. Steel prices, …

Read More »

This correlation suggests bitcoin may end year ‘explosively higher’

If you’re trying to figure out when bitcoin’s slump will end, you may want to look at the emerging markets. According to Fundstrat Global Advisors’ Thomas Lee, there’s an important correlation budding between emerging markets and bitcoin, the most dominant coin in the cryptocurrency space.” “Both really essentially peaked early …

Read More »

Fed’s Mester raises GDP outlook, says gradual rate hikes are appropriate

Cleveland Federal Reserve President Loretta Mester raised her outlook for the economy and gross domestic product for 2018, adding that the central bank’s plan for gradual interest rate increases is appropriate. “I’ve been upping my forecast. I’m now at 2.75 percent to 3 percent for the year, probably closer to …

Read More »

JP Morgan bets that Sapphire card fans will sign up for bank accounts

Jerod Harris | WireImage | Getty Images A promotion for the Chase Sapphire credit card in Park City, Utah.  J.P. Morgan Chase is upgrading an upper-tier checking account with its Sapphire credit-card brand in the hopes that users of the popular card will sign up. On Monday, the bank will …

Read More »