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Bausch & Lomb’s stock soars 9% after earnings beat
Bausch & Lomb Corp.’s stock soared 10% early Wednesday after the eye-care company reported adjusted fourth-quarter profit that topped estimates and offered upbeat revenue guidance…
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Apple Stock Climbs. It’s on Track to Close With $3 Trillion Market Cap Again.
Apple shares pushed past the $3 trillion level on Tuesday for the first time since early August. Apple remains the…
Barclays shares dip as Qatar’s sovereign fund slashes stake with $657 million sell off
Shares in Barclays dipped on Tuesday after Qatar’s sovereign wealth fund started selling its stake in the British bank, just…
KeyCorp stock falls on lower non-interest income forecast
KeyCorp.’s stock KEY, +0.28% was down 3.8% on Tuesday after the bank lowered its fourth-quarter outlook for non-interest income to…
NYC Mayor Adams to launch lithium-ion battery-charging pilot program in early 2024 for delivery workers to safely charge bikes
New York City Mayor Eric Adams said Tuesday his administration is launching a new, lithium-ion battery-charging pilot program early in…
Lower lithium prices weigh on Albermarle as UBS cuts price target
Chemical company Albermarle Corp. ALB, -0.87% saw its common stock price drop 4.4% on Tuesday as the biggest decliner in…
Airbnb names new CFO, creates new role to oversee international expansion
Airbnb Inc. ABNB, -0.45% on Tuesday named Ellie Mertz its new chief financial officer, with outgoing CFO Dave Stephenson set…
Bitcoin Holds On to Gains as Stocks Sell Off. Where Crypto Prices Go Next.
Bitcoin prices have surged since mid-October, spurring calls of a new crypto bull market. Dreamstime Bitcoin and other cryptocurrencies were…
Lowe’s bonds sell off along with stock after earnings come with a warning
Lowe’s Cos. shares fell about 3% Tuesday, after the home-improvement retailer missed revenue forecasts for the third quarter and lowered…
Business development companies should withstand 2024 economic slowdown, but credit conditions will weaken, Fitch says
Ares Capital Corp. and Sixth Street Specialty Lending Inc. held onto the highest debt ratings among the 21 business development…
‘Magnificent Seven’s’ bonds may have been sending a signal to stockholders
Has the corporate bond market been flashing a signal to the stock market about the so-called Magnificent Seven grouping of…
Who says corporate bonds are dull? Apple’s bonds have seen equity-like returns in the past month
Investors who were savvy enough to buy Apple Inc. bonds in October are now looking at equity-like returns, as prices…
Wells Fargo to book up to nearly $1 billion in fourth-quarter severance costs
Wells Fargo & Co.’s stock was down by 0.4% on Tuesday after the bank said it plans to book $750…
Goldman Sachs money manager digs into three themes for long-term growth
Most exchange-traded funds are passively managed — they are designed to mirror the performance of stock indexes and typically have…
DSW parent DBI’s stock craters as earnings are hurt by shrinking demand for footwear
Designer Brands Inc.’s stock slid 34% Tuesday, after the parent to footwear brands including DSW, Keds, Lucky Brand and Vince…
Procter & Gamble sees more than $2 billion in charges for restructuring and Gillette impairment
Procter & Gamble Co.’s stock fell 2.8% Tuesday, after the consumer goods giant said it expects to book more than $2…
Bitcoin’s Bounce Is Missing This Big Element
U.S. retail investors are at the heart of Coinbase’s business. Dreamstime The Bitcoin rally is missing a major element that…
GM raises $3 billion with bond deal as investment-grade spreads rally to tightest level of 2023
General Motors Co., GM, +2.08%, fresh off announcing a $10 billion stock buyback program and increased dividend, issued a two-part,…
Buyback Bonanza Lifts Stocks
Key News Asian equities had a strong day as Japan outperformed, and Hong Kong posted its first positive day since…