Check out the companies making the biggest moves in pre-market trading: CarMax – Shares fell 9% after the used car retailer reported a loss of earnings and revenue for the fourth quarter. CarMax earnings came in at 32 cents per share, versus the 49 cents expected from analysts surveyed by LSEG. Revenue was $5.63 billion, below consensus estimates of $5.8 billion. Nike – Shares added 2% after upgrade at Bank of America to Buy from Neutral. The bank said Nike's estimates now appear achievable and it is seeing revenue growth at a mid-single-digit rate with an expansion in the athletic…
Author: ricardofrancois
Open Editor's Digest for freeRula Khalaf, editor of the Financial Times, selects her favorite stories in this weekly newsletter.UK lenders have announced a return to growth in demand for mortgages in the first three months of 2024, according to the latest official data, providing further evidence of a stabilizing property market.The index, which tracks the proportion of lenders reporting an increase in demand for home loans versus those reporting a decrease, rose to 35.9 in the first quarter, according to the Bank of England's quarterly survey of banks and building societies.This was only the second time in seven quarters that…
US Federal Reserve Chairman Jerome Powell attends a “Fed Listens” event in Washington, D.C., on October 4, 2019.Eric Bradat | AFP | Getty ImagesA higher-than-expected CPI report rocked Wall Street on Wednesday, but markets are buzzing with a more specific price measure found in the data — the so-called super inflation reading.Besides the overall inflation measure, economists also look at the core CPI, which strips out volatile food and energy prices, to find the real trend. The supercore metric, which also excludes shelter and rent costs from its services reading, takes it a step further. Fed officials say it's useful…
Open Editor's Digest for freeRula Khalaf, editor of the Financial Times, selects her favorite stories in this weekly newsletter.Waiting lists for routine hospital care in England fell in February for the fifth month in a row, according to official figures that show the NHS is still missing several key targets ahead of elections expected this year.NHS England data on Thursday showed patients were waiting for nearly 7.54 million appointments, down from 7.58 million at the end of January and below the record high of 7.7 million in September last year. About 305,050 people had been waiting for more than a…
Good morning! There are only 207 days left until the election, and today we are not talking about abortion – even if everyone is talking about it. “Democrats say: 'Please don't call them animals. They're human beings.' I said: No, they are not human. They are not human. “They are animals.” That was Trump's speech last week in Grand Rapids, Michigan, about immigrants. His speech made headlines not because of this racist statement, but because of a lie he told on stage: that he spoke with Ruby Garcia's family. Mavi Garcia, her younger sister, told the media that this is…
Sergio Ermotti, CEO of Swiss banking giant UBS, during the group's annual shareholders meeting in Zurich on May 2, 2013. Fabrice Coffrini | AFP | Getty ImagesSwitzerland's strict new banking regulations create a 'lose-lose situation'. UPS It may limit its ability to challenge Wall Street giants, according to Beate Wittmann, a partner at Zurich-based Porta Advisors.In a 209-page plan published on Wednesday, the Swiss government proposed 22 measures aimed at tightening supervision over banks deemed “too big to fail,” a year after authorities were forced to mediate an emergency rescue of Credit Suisse by… “UPS”.The government-backed takeover was the largest…
Open Editor's Digest for freeRula Khalaf, editor of the Financial Times, selects her favorite stories in this weekly newsletter.AstraZeneca has promised to increase its dividend this year, ahead of a major shareholder vote on whether to raise the pay of its long-time chief executive, Pascal Soriot, to as much as £18.7m.The UK-based pharmaceutical company said on Thursday that it will pay a dividend of $3.10 per share for 2024, 20 cents higher than the 2023 dividend, “underscoring the company's confidence in its performance and cash generation.”The increase in dividends is intended to compensate for the lower level of shareholder returns,…
Zelensky says recent drone and missile strikes underscore the need for air defensesUkrainian President Volodymyr Zelensky said Russian drone and missile air strikes targeting infrastructure in several regions across Ukraine early Thursday showed the need for more air defense systems.Zelensky said on Telegram that more than 40 missiles and about 40 attack drones participated in the recent attacks, noting that although some missiles and unmanned aerial vehicles were shot down, not all of them were intercepted.”Russian terrorists once again targeted vital infrastructure targets. There was another despicable missile attack on Kharkiv and the Kharkiv region. Targets were also targeted in…
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Open Editor's Digest for freeRula Khalaf, editor of the Financial Times, selects her favorite stories in this weekly newsletter.The health of the UK stock market is moving inversely with media interest in the UK stock market. The more we care, the more it hurts. The more pain, the more we care. Here's what the relationship looks like in the diagram:You are viewing a snapshot of an interactive graphic. This is most likely due to being offline or having JavaScript disabled in your browser.And we can't help but care, which is why we're sharing some arguments from Barclays and Goldman Sachs…