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Earnings Previews: Goldman Sachs, Truist

Four of the country’s largest financial institutions reported fourth-quarter earnings before markets opened on Friday. The impact of those reports varied, but the general expectation that the results would be extraordinary did not materialize. JPMorgan beat earnings per share (EPS) estimates by more than 10% but missed revenue estimates by $552 million. The bank’s operating leverage was negative with expenses […]

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Israeli finance minister tests positive for coronavirus

FILE PHOTO: Israeli Finance Minister Avigdor Lieberman speaks to the media during the weekly cabinet meeting at the prime minister’s office in Jerusalem August 1, 2021. Abir Sultan/Pool via REUTERS/File PhotoJERUSALEM (Reuters) – Israeli Finance Minister Avigdor Lieberman said on Saturday that he had tested positive for COVID-19 and would self-isolate but continue working from home. “I feel good and […]

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Cathie Wood’s ARK Invest Sells for 1\/12

Markets ended Wednesday on a positive note after a somewhat tumultuous day. ARK Funds didn’t fair anywhere near as well as the major averages. ARKF performed the best out of the group, with a 0.6% loss on the day, while ARKG did the worst, down 4.1%. The gains from the past year are slowly sliding away, but Cathie Wood may […]

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Cathie Wood’s ARK Invest Sells Nearly 800,000 Shares of Snap

One ARK Invest exchange-traded fund run by ETF star Cathie Wood sold nearly 800,000 shares of Snap Inc. (NYSE: SNAP) on Tuesday, as the share price of this fund traded up 3% in the day’s session. The ETF’s share price has dropped greatly over the past year. ARK Fintech Innovation ETF (NYSEARCA: ARKF) parted with 798,760 shares of the camera […]

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ITA Airways looking for an "equity partnership" – chairman

FILE PHOTO: ITA Airways Chairman Alfredo Altavilla poses with the image of the new livery for the carrier’s jets, in Italy, October 15, 2021. ITA Press Office/Handout via REUTERSMILAN (Reuters) -Alitalia’s successor ITA Airways is looking for a partnership with a rival ready to invest money in the Italian carrier, Chairman Alfredo Altavilla said on Wednesday. The state-owned carrier is […]

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Why there is skepticism surrounding video game 'addiction'

A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. You can listen to an audio version of the newsletter by clicking the same link. London (CNN Business)The company behind Grand Theft Auto is ponying up a lot of money to buy Zynga, the mobile game developer best […]

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EU drug regulator says more data needed on impact of Omicron on vaccines

FILE PHOTO: The exterior of EMA, European Medicines Agency is seen in Amsterdam, Netherlands December 18, 2020. REUTERS/Piroschka van de Wouw(Reuters) – The European Union’s drug regulator said on Tuesday more data was needed to understand the impact of the highly contagious Omicron coronavirus variant on currently approved COVID-19 vaccines, and expressed doubt on the need for a fourth booster […]

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Asia-Pacific stocks mixed as investors monitor omicron variant developments

Shares in Asia-Pacific were mixed in Wednesday morning trade. The S&P 500 declined from its record closing high overnight stateside while the Dow Jones Industrial Average saw its fifth straight day of gains. A study from South Africa found the immune response of people infected with the omicron Covid variant appears to increase protection against delta more than fourfold and […]

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