Finance
SEC fines Citibank for mishandling American Depository Shares
The US Securities and Exchange Commission (SEC) finally caught up with the Citibank (C) and fined them $38 million for…
Who is David Einhorn and why is he aggressively shorting Tesla?
During the earnings conference call of Greenlight Capital Re Ltd (GLRE) on Tuesday, hedge fund manager and revered investor David…
Preview: Square under pressure to prove worthiness as it reports Q3 earnings
Square (SQ) stock more-than-doubled in the past 52 weeks to hit an all-time high of $99.01 on September 28, before…
European banks clear stress test, but Barclays shocks
On Friday, the European Banking Authority (EBA) published the results of the 2018 stress tests, which showed that all the…
Brexit could spur interest rate hikes after holding rates at 0.75%
The UK headline interest rate is maintained as expected at 0.75% by the Bank of England. The bank projected interest…
AIG Q3 results miss estimates on catastrophe costs; net loss narrows
American International Group (AIG) Wednesday reported a net loss for the September quarter, contrary to expectations for positive earnings, hurt…
Mastercard thrives on consumer spending; reports record Q3 results
Revenues of Mastercard (MA) rose sharply and hit a record high in the third quarter as cardholders spent more on…
Earnings preview: Pros to outweigh cons when Mastercard posts Q3 results
The payments industry has remained largely unaffected by the tariff-induced trade disruptions and political uncertainties, thanks to the booming economy…
Visa Q4 earnings top estimates while revenue comes in line
Visa Inc. (V) topped market estimates on earnings for the fourth quarter of 2018 while revenues came in line with…
Nasdaq Q3 profit falls 4% but beats estimates
Nasdaq Inc. (NDAQ) reported a 4% decline in earnings for the third quarter due to the impact of the divestiture…