Articles

3M’s stock surges toward a 20-month high after earnings beat, raised outlook

3M’s stock charged toward an 20-month high in early trading Friday, after the maker of Post-it Notes, Scotch tape and Command strips beat second-quarter earnings expectations and raised its full-year outlook.

Colgate-Palmolive’s stock boosted by earnings beat as company backs guidance

Chief Executive says all operating divisions achieved volume growth in latest quarter.

Charter’s stock could post best day in five years after earnings

Charter lost fewer internet subscribers than expected in the second quarter, though subscriber losses in the video business were steeper than what analysts were modeling

Bristol Myers Squibb results beat expectations as newer drugs deliver growth

Bristol Myers Squibb Co. on Friday reported second-quarter results that topped analysts’ estimates as some of the company’s newer drugs began to hit their stride.

Hedge-fund giant Man says assets reach record levels

Man Group, the world’s largest publicly traded hedge fund manager, on Friday said investment gains helped its assets under management grow by 17.5% in the first half to record highs of $178.2 billion.

Liquidation of crowded trades so far is healthy — but these levels must hold, says Bank of America

Expectations over Fed rate cuts and a presidential victory by former President Donald Trump are what’s behind a liquidation of the most crowded trades that so far is healthy, says a Bank of America strategist.

Market bubbles expand longer than many expect. But this metric shows valuations will matter.

Valuation may not matter in the short term but it eventually does, says this fund manager

‘I’m having panic attacks’: My ex-husband emptied our joint bank accounts, hacked into my email and stole my life savings. Do I have any recourse?

“I’m working with the fund manager, as I found some emails where he pretended to be me on some forged documents.”

Treasuries steady ahead of June PCE inflation report

U.S. bond yields were steady Friday as investors awaited a key inflation report.

Celebrity chef Bobby Flay is selling this midcentury home in L.A. for $9.25 million: Feast your eyes on the outdoor kitchen

The icing on the cake of this 4-bedroom home is the professional-level outdoor kitchen with a pizza oven and an Argentinian-style grill.

OpenAI announces SearchGPT in challenge to Google

OpenAI has announced it’s going into the search business in a direct challenge to Google’s dominance.

Eni lifts guidance as high oil and gas prices boost its bottom line

The Italian oil major said it now expects to generate adjusted EBIT worth €15 billion in 2024 as also signaled plans to accelerate its share buyback initiative
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