Blackstone Group Inc. BX is negotiating a role as a party in regional-bank loans, the private equity firm’s president Jonathan Gray said in an interview with the Financial Times published Thursday. Blackstone would potentially provide banks with firepower to lend to companies as credit becomes more scarce. Blackstone could help move loans originated by regional …
Continue reading “Blackstone in talks with regional banks to team up on loans”
An inflatable Disney+ logo is pictured at a press event ahead of launching a streaming service in the Middle East and North Africa, at Dubai Opera in Dubai, United Arab Emirates, June 7, 2022. Yousef Saba | Reuter Check out the companies making headlines before the bell. PacWest — Shares plunged 20% after the regional …
The U.S. stock market opened mostly lower Thursday, as investors digested a fresh reading on wholesale inflation and weekly jobless claims data. The Dow Jones Industrial Average DJIA, -1.14% was down 0.5% soon after the opening bell, while the S&P 500 SPX, -0.64% fell 0.2% and the Nasdaq Composite COMP, -0.22% gained 0.1%, according to …
Regional-bank stocks fell in premarket trades on Thursday after PacWest Bancorp PACW disclosed a 9.5% drop in deposits that took place last week. PacWest stock is leading the group into the red, with a drop of 20%, followed by a 7.2% loss by Western Alliance Bancorp WAL, a 3.7% loss by First Horizon Corp. FHN, …
Continue reading “PacWest, Western Alliance, Bank of Hawaii stocks fall in premarket”
Icahn Enterprises LP’s stock IEP fell another 8% premarket Thursday, after short seller Hindenburg Research issued another report on Carl Icahn’s investing arm, saying disclosures made Wednesday raised more questions about Icahn’s margin loans from the company. Nate Anderson-backed Hindenburg published a report on IEP on May 2, accusing it of inflating asset values and …
It isn’t especially easy to find high-performing chip stocks presently. The overall state of the industry can’t be characterized as being strong. Yet, there are still companies performing well despite overall headwinds. Some semiconductor firms continue to post stellar results that best not only industry averages but also recent performance. That isn’t easy given that …
Continue reading “These 7 Chip Stocks Are on Fire After Posting Stellar Results”
Shares of Kelly Services Inc. KELYA rose 2.3% in premarket trading Thursday, after the staffing services company reported first-quarter adjusted profit and revenue that fell less than expectations, citing strength in its education business. The company swung to net income of $10.9 million, or 29 cents a share, from a loss of $47.6 million, or …
If you, like many economists, believe that the U.S. is headed for a recession this year, you may wonder when to sell cyclical stocks. Cyclical stocks rise and fall with the economy. In good economic times, cyclical stocks perform better. And when things are tightening, it may be time to look for the best cyclical …
Uncertainty is running high amid surging inflation, rising interest rates, geopolitical concerns, a potential recession and a looming debt ceiling crisis. If you’re nervous, you’re not alone. Some may choose to sit on the sidelines. Yet, there’s no telling how long this uncertainty will last. Investors looking to put capital to work may want to …
Continue reading “3 Best Dividend Stocks for Income and Growth”
Unity Software Inc. U shares rallied in the extended session Wednesday after the game-engine and app-monetization company’s outlook and results exceeded Wall Street expectations. Unity Software shares surged more than 10% after hours, following a 1.6% gain in the regular session to close at $28.74. Unity forecast revenue of $510 million to $520 million for …
Continue reading “Unity Software stock rallies more than 10% as results, outlook beat Street”
