Tag: article_normal

Charter adds 105,000 internet subscribers but earnings fall short

Charter Communications Inc. CHTR, +1.64% fell short of earnings expectations for the fourth quarter but posted a larger haul of net new internet subscribers than it had seen in the third quarter. The cable company generated net income of $1.20 billion, or $7.79 a share, compared with $1.61 billion, or $9.17 a share, in the …

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Posco Holdings 2022 Net Profit Fell 51%, Below Market Consensus — Earnings Review

By Kwanwoo Jun Posco Holdings Inc. reported its 2022 results Friday. Here’s what we watched: NET PROFIT: The South Korean steelmaker’s net profit fell 51% to 3,560 trillion won ($2.89 billion) in 2022. REVENUE: For the full year, revenue rose 11% to KRW84,750 trillion, while operating profit fell 48% to KRW4,850 trillion, largely in line …

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Visa’s 1Q Earnings, Revenue Beat Market Expectations — Earnings Review

By Sabela Ojea Visa Inc. reported earnings for the first quarter of fiscal 2023 on Thursday. Here’s what you need to know: –REVENUE: Revenue for the three months ended Dec. 31, 2022 rose to $7.94 billion from $7.06 billion a year earlier. Revenue was expected to rise to $7.70 billion, according to FactSet. –ADJUSTED EARNINGS …

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Why Comcast’s killer internet performance is actually the ‘sweet spot’

Maybe it’s a good thing that Comcast Corp. didn’t reignite its broadband business during the latest quarter. That’s the view of MoffettNathanson analyst Craig Moffett in the wake of Comcast’s CMCSA, +0.80% latest earnings report, which showed a net loss of 26,000 broadband subscribers during the fourth quarter, or a net gain of 4,000 when …

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Treasury yields dip as traders price in 100% probability of Fed hiking by 25 basis points next week

Bond yields fell on Tuesday amid building expectations that a slowing economy will cause the Federal Reserve to slow the pace of rate hikes. What’s happening The yield on the 2-year Treasury TMUBMUSD02Y, 4,227% slipped by 2 basis points to 3.012%. Yields move in the opposite direction to prices. The yield on the 10-year Treasury …

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Two-fifths of older workers ‘delaying retirement’ because of inflation, markets

There’s a new survey out, and pretty much everything in it depresses me. Retirement confidence is way down. Retirement anxiety is way up. Women in particular are sacrificing their own retirement plans to give financial aid to “family members” (adult children, presumably) or friends. Key retirement knowledge is minuscule. Read: Boost your bank account by …

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SEC charges Eisenberg with manipulating Mango Markets to steal $116 million

The US Securities and Exchange Commission on Friday charged DeFi trader Avraham Eisenberg with orchestrating an attack on Mango Markets by manipulating the crypto trading platform’s MNGO token and draining $116 million in crypto assets. The SEC contends that MNGO is a security. Known as a governance token, MNGO allows holders to vote on the …

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Bonds say inflation has peaked, but here’s what Cathie Wood says the stock market needs to hear to stage a bona fide rally

Bullish stock investors have gotten punched in the month so far this week, after a relatively cheery kickoff to 2023 following an ugly 2022. Cathie Wood, however, has some thoughts about what might truly light a fire under those hoping to place optimistic long bets on equities. The Dow Jones Industrial Average DJIA, -0.76% is …

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This simple, no-sweat portfolio makes money in all markets

Well now. This is interesting. Very interesting. And—potentially—very profitable. Especially if you want your savings to go to work and make you money in all environments—booms and slumps, crashes and manias, deflation and inflation, stagflation and apocalypse. And especially if you figure you do enough sweating actually making your money, without wanting your money to …

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