News
Global Mining Groups Face Setback in London
Shares of global mining groups listed in London faced a setback due to concerns about weak growth in China leading to a decline in iron ore prices. Despite efforts to boost the struggling property sector, fears persist about the impact on demand for key resources like iron ore.
Goldman Sachs CEO Compensation in 2023 Rises to $31 Million
Goldman Sachs CEO's total compensation for 2023 reaches $31 million, a 24% increase from the previous year. Despite challenges faced by Goldman, the Compensation Committee highlights the importance of senior management's decisions for future success.
DraftKings Betting Big in a Competitive Sector
DraftKings releases quarterly report, raises outlook for 2024, and acquires Jackpocket for $750M. Optimistic industry analysts highlight DraftKings' position in the competitive online sports betting market.
Apple's AI Plans Set for Announcement at WWDC
Apple is set to announce its AI plans at the Worldwide Developers Conference (WWDC), with rumors surrounding Siri and an AI software tool for developers. Experts anticipate that this announcement will be a pivotal moment for the company.
GE Aerospace and GE Vernova: Key Details Revealed
General Electric (GE) has submitted a filing to the SEC providing key details about the pending breakup of the company into GE Aerospace and GE Vernova. The filing reveals that GE Vernova will start with no debt and $4.2 billion in cash, while GE Aerospace will have $15 billion in cash and $18 billion in debt. GE Vernova will consist of three business segments: Power, wind, and electrification.
DraftKings Quarterly Earnings Report: A Continued Growth Story
DraftKings will release its quarterly earnings report, and investors are excited about its expected growth and performance compared to rivals in the gambling sector.
Deere's Quarterly Earnings Show Promise
Deere, a leading agricultural machinery manufacturer, is expected to report positive quarterly earnings based on the performance of its industry counterparts. Investors are eagerly awaiting Deere's fiscal first-quarter earnings report.
Chefs' Warehouse Reports Q4 Earnings and Revenue
Chefs' Warehouse reports impressive Q4 earnings with 20.1% increase in net sales, exceeding expectations.
Jeff Bezos Sells $4 Billion of Amazon Stock
Jeff Bezos recently sold $4 billion worth of Amazon stock, impacting the company and attracting investor attention amidst market turbulence.
DBS Group Becomes First Southeast Asian Bank to Underwrite Debt Financing in China Interbank Bond Market
Singapore-based DBS Group is the first Southeast Asian bank to receive regulatory approval to underwrite debt financing instruments for non-financial companies in China's interbank bond market. This will allow non-Chinese enterprises to tap into DBS's expertise for raising funds, making a significant contribution to the Panda bonds market. DBS has been a trusted partner for multilateral development banks, foreign governments, and European financial institutions.