2:21 a.m. Dec. 2, 2020
- By Andrew Keshner
Ariel Investments’ John Rogers Jr. pushes corporate boards to have their own ‘Jackie Robinson moment’ Black households are almost twice as likely not to have any stock-market investments, one recent study showsBlack households are almost twice as likely not to have any stock-market investments, one recent study shows.
2:57 a.m. Sept. 24, 2020
- By Tomi Kilgore
Accenture's stock drops after profit, revenue fall shy of expectationsShares of Accenture PLC dropped 4.1% in premarket trading Thursday, after the professional services and consulting company reported fiscal fourth-quarter profit and revenue that fell shy of expectations. Net income for the quarter to Aug. 31 rose to $1.29 billion, or $1.99 a share, from $1.13 billion, or $1.74 a share, in the year-ago period. Excluding non-recurring items, such as gains on investments, adjusted earnings per share fell 2% to $1.70, below the FactSet consensus of $1.73. Revenue declined 2% to $10.84 billion, missing the FactSet consensus of $10.93 billion, amid a decline in revenue from reimbursable travel costs and the negative effects of foreign currency translation. New bookings increased 8% to $14.0 billion, including consulting new bookings of $6.5 billion and outsourcing new bookings of $7.5 billion. For 2021, Accenture expects EPS of $7.80 to $8.10, while the FactSet EPS consensus is $8.13. The stock has gained 9.5% year to date through Wednesday, while the S&P 500 has edged up 0.2%.
12:58 a.m. Sept. 2, 2020
- By Richard Eisenberg
The tension behind ‘OK boomer’—why millennials are so resentful of the ‘Me Generation’ Author of a book on the subject says, among other things, boomers shut the doors that were opened to them and ‘pulled the ladder up’A frank talk with the author of ‘OK Boomer, Let’s Talk’ reveals why younger generations feel left behind.
8:34 a.m. Aug. 1, 2020
- By Michael Brush
Here’s why Netflix stock, now below $500, is going to $1,000 Investors are overreacting to Netflix guidance for a ‘soft’ second half of the yearInvestors are overreacting to Netflix guidance for a “soft” second half of the year. That’s creating a rare buying opportunity for this FAANG stock.
11:54 a.m. July 24, 2020
- By Jennifer J. Schulp
The ‘Holding Foreign Companies Accountable Act’ has all the nuance of a sledgehammer Legislation that targets Chinese companies listed on U.S. stock markets places the SEC in a geopolitical minefieldLegislation that targets Chinese companies listed on U.S. stock markets places the SEC in a geopolitical minefield.
5:02 a.m. July 1, 2020
- By Claudia Assis
FedEx stock soars as online shopping sprees boost company’s quarterly results ‘Herculean’ effort by logistics company, CEO Smith saysFedEx surprises Wall Street with better-than-expected quarterly results on Tuesday.
10:10 a.m. May 29, 2020
- By Bill Martin
Preferred securities: staying the course amid COVID-19 U.S. and European banks are currently poised withstand a severe economic shockU.S. and European banks are currently poised withstand a severe economic shock