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 […]

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 […]

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 […]

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 […]

All three major U.S. stock indexes closed higher Tuesday, led by the Nasdaq (up 1.4%). The S&P 500 closed up 0.9% and the Dow Jones industrials closed up 0.5%, as investors began buying the dip in the late morning once it became clear Federal Reserve Chair Jerome Powell would not say anything new in his confirmation hearing. The energy sector […]

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 […]

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 […]

FILE PHOTO: A logo of the Exxon Mobil Corp is seen at the Rio Oil and Gas Expo and Conference in Rio de Janeiro, Brazil September 24, 2018. REUTERS/Sergio Moraes/File Photo/File Photo(Reuters) – Exxon Mobil on Tuesday launched the sale of shale gas properties stretching across 27,000 acres in the Appalachian basin of Ohio, according to a marketing document seen […]

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 […]

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 […]