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October 18, 2021

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Wells Fargo profit jumps nearly 60% in the quarter, revenue tops expectations

CNBC
CNBC – For more and to sign up click here Wells Fargo signage on May 5th, 2021 in New York City. Bill Tompkins | Michael Ochs Archives | Getty Images Wells Fargo on Thursday posted a jump in profit in the third quarter, boosted by a release of its credit......

Social Security COLA largest in decades as inflation jumps

Detriot News
Detroit News – For more and to sign up click here Washington — Millions of retirees on Social Security will get a 5.9% boost in benefits for 2022. The biggest cost-of-living adjustment in 39 years follows a burst in inflation as the economy struggles to shake off the drag of the coronavirus pandemic. The COLA,......

Saudi’s ACWA Power jumps 30% on stock market debut

Reuters
Saudi woman walks at the Saudi stock market (Tadawul), in Riyadh, Saudi Arabia March 9, 2020. REUTERS/Ahmed Yosri//File Photo Share price surge continues trend among Saudi IPOs ACWA builds, operates renewable energy plants IPO reduces sovereign wealth fund PIF’s stake to 44% A raft of IPOs expected on Riyadh bourse......

Bitcoin jumps to nearly 5-month high, topping $55,000 on Wednesday

CNBC
CNBC – For more and to sign up click here Bitcoin jumped to a nearly five-month high above $55,000 on Wednesday, extending its rally from the previous day as equity markets fell in volatile October trading.   The cryptocurrency last traded 6% higher at $54,270, according to Coin Metrics. Ether......

Bitcoin jumps, hits $50,000 again on more institutional demand

Reuters
A representation of cryptocurrency Bitcoin is seen in this illustration taken August 6, 2021. REUTERS/Dado Ruvic/Illustration/File Photo NEW YORK/LONDON, Oct 5 (Reuters) – Bitcoin, the world’s largest cyrptocurrency in terms of market value, rose on Tuesday, passing the $50,000-mark for the first time in four weeks and adding to gains......

U.S. services activity inches forward; trade deficit jumps to record high

Reuters
Shipping containers are seen at the port in Bayonne, New Jersey, U.S., August 21, 2021. REUTERS/Andrew Kelly/Files Services sector activity edges up in September Trade deficit surges 4.2% to $73.3 billion in August Imports increase 1.4%; exports gain 0.5% WASHINGTON, Oct 5 (Reuters) – U.S. services industry activity nudged up......

FAA clears Virgin Galactic after completing investigation of Branson’s spaceflight, stock jumps 10%

CNBC
CNBC – For more and to sign up click here Carrier aircraft VMS Eve takes off from Spaceport America in New Mexico, carrying spacecraft VSS Unity on July 11, 2021. Virgin Galactic The Federal Aviation Administration cleared Virgin Galactic to return to flight on Wednesday after completing a mishap investigation......

Evolent Health stock jumps after report of possible Walgreens takeover

CNBC
CNBC – For more and to sign up click here Evolent Health CEO Frank Williams, center, rings a ceremonial bell to celebrate the first trade during his company’s IPO, on the floor of the New York Stock Exchange, Friday, June 5, 2015. Richard Drew | AP Evolent Health’s stock jumped......

Hong Kong’s Hang Seng jumps nearly 2%; Evergrande shares surge more than 22% after days of losses

CNBC
CNBC – For more and to sign up click here SINGAPORE — Shares in Asia-Pacific were mostly higher in Thursday morning trade as investors in Asia-Pacific continue monitoring the situation surrounding China Evergrande Group. Hong Kong’s Hang Seng index jumped 1.86% after losses earlier in the week. It had returned......

Dollar sluggish as traders bide time before Fed meeting; kiwi jumps

Reuters
Euro, Hong Kong dollar, U.S. dollar, Japanese yen, British pound and Chinese 100-yuan banknotes are seen in a picture illustration shot January 21, 2016. REUTERS/Jason Lee/Illustration/File Photo Market waiting for clues on taper timing from Fed New Zealand dollar buoyed by faster-than-expected GDP growth Norway’s crown at multi-month highs to......

Mortgage demand from homebuyers jumps to highest level since April, after new listings rise all summer

CNBC Real Estate
Potential homebuyers exit an open house in Redondo Beach, California. Patrick T. Fallon | Bloomberg | Getty Images Fall is usually the start of the slower season for the housing market, but nothing is usual in today’s pandemic-driven housing market. Potential homebuyers are seeing a slight rise in inventory and......

Georgia jumps to No. 2; Clemson tumbles to 6th

ESPN
Georgia jumped three spots to No. 2 behind Alabama in The Associated Press Top 25 released Tuesday, giving the SEC the top two teams in the country for the 30th time in the 85-year history of the college football poll. It is the second time in the past three seasons......

Didi jumps nearly 10% this week amid report of Chinese government taking it over

CNBC
CNBC – For more and to sign up click here Budrul Chukrut | LightRocket | Getty Images Shares of Didi posted near double-digit gains this week amid a Bloomberg News report that Beijing is eyeing a plan to take the troubled ride-hailing giant under state control by acquiring a stake......

Palo Alto Networks jumps on robust profit forecast

CNBC
CNBC – For more and to sign up click here Nikesh Arora, CEO of Palo Alto Networks and then president and chief operating officer of SoftBank Group Corp., right, speaks as billionaire Masayoshi Son, chairman and chief executive officer of SoftBank Group Corp., looks on during a news conference in......

Dramatic video shows alligator attacking handler before visitor jumps in to rescue her

CBS News
CBS News – For more and to sign up click here A Utah reptile center employee is recovering after an alligator yanked her into its enclosure during a presentation, thrashing her around before a fast-acting visitor leapt inside and helped free her from its jaws. The dramatic scene, which was......

Bank Hapoalim profit jumps as it unwinds loss provisions

Reuters
A man enters the main branch of Bank Hapoalim in Tel Aviv, Israel July 18, 2016. REUTERS/Amir Cohen Q2 net 1.42 billion shekels vs f’cast 1.03 billion Net interest income 2.51 billion shekels vs year-ago 2.17 bln Shares down 1.5% JERUSALEM, Aug 16 (Reuters) – Bank Hapoalim (POLI.TA) reported a......

Palantir revenue jumps 49% in second quarter

CNBC
CNBC – For more and to sign up click here Palantir Technologies CEO Alex Karp arrives at the “Tech for Good” Summit in Paris, France May 15, 2019. Charles Platiau | Reuters Data-analytics company Palantir released its second-quarter earnings, beating Wall Street’s expectations for revenue and giving upbeat guidance for......

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