(Facebook) Mike Schroepfer, Facebook’s Chief Technology Officer, has announced that he is resigning from the role next year to take a ‘senior fellow’ position in the company. Andrew Bosworth, who…
(Fed) US Federal Reserve is ready to reverse the $120 billion in monthly asset purchases on its next scheduled meeting on November 2-3. The central bank targets to increase interest…
(NAR) US sales of existing homes reached an annual 5.88 million in August, a 2% drop from July. On a year-over-year basis, sales were down 1.5% from a year ago.…
(Financial Times) BlackRock and HSBC increased their holdings in Evergrande bonds a few months before the liquidity crisis hit the Chinese developer. Fig: Evergrande Bond Prices BlackRock, through its high-yield fund,…
(Financial Times) Nippon Gases is warning that the shortage of carbon dioxide in the UK, which has affected companies in the healthcare and food industries, is likely to spill to…
(Cassava Sciences) Shares of Cassava Sciences were up more than 18% in premarket after its drug candidate simufilam showed breakthrough for mild to moderate forms of Alzheimer disease. In an…
(Seeking Alpha) China’s Evergrande shares at Frankfurt Stock Exchange rose 32% after its subsidiary Hengda Real Estate announced an interest payment due on Thursday. Hengda Real Estate unit said that…
(StreetInsider) The shares of Marin Software Inc. almost doubled in premarket trading after the company announced a revenue share agreement with search giant Google. Marin will develop Google’s enterprise tech…
(CNBC) Disney shares closed down 4.1% on Tuesday after CEO Bob Chapek said the company will add “low single-digit millions” of subscribers in the fourth quarter. Chapek expects the fresh…
(FedEx) FedEx Corp. reported a net income of $1.11 billion in the first quarter of 2022, a decline from $1.25 billion reported in the comparable quarter of 2021. The quarter…
(Adobe) Adobe, Inc. announced a net profit of $1.2 billion in the third quarter of 2021, an increase compared to $955 million in the same period last year. The company’s…
(WSJ) US Justice Department is reviewing national security risks posed by the $15 billion buy deal by Zoom Video Communications Inc. for Five9 Inc. The Justice Department says there could…