Apple shares rose Friday morning after the company reported better-than-expected earnings and said customers are increasingly upgrading their iPhones to take advantage of AI features. Monitor these crucial post-earnings chart levels.
(Bloomberg) -- JPMorgan Chase & Co.’s global markets co-head Jason Sippel is leaving for hedge fund Rokos Capital Management, with Pranav Thakur taking over as sole head of Wall Street’s biggest trading desk.Most Read from BloombergHow the 2025 Catholic Jubilee Is Reshaping RomeTrump Paves the Way to Deputize Local Police on ImmigrationWhen French Communists Went on a Brutalist Building BoomHistoric London Elevator Faces Last Stop in Labour’s Housing PushManhattan’s Morning Commute Time Drops Wi
Apple and other big U.S. companies reporting fatter profits than expected are helping Wall Street shave off more of its sharp losses from the start of the week on Friday. It's on track for just a 0.1% weekly loss after tumbling Monday on worries the artificial-intelligence boom that’s sent it to records may not require as much investment as thought. Apple helped lead the market and rose 3.2% after reporting stronger profit for the latest quarter than analysts expected.
Sippel will be leaving for another opportunity after a 23-year stint at the largest U.S. bank by assets, where he held various roles, including expanding its prime brokerage business and overseeing global credit trading and public finance. Earlier this month, JPMorgan reported a record annual profit as its dealmakers and traders reaped a windfall from rebounding markets in the fourth quarter. JPMorgan's global markets franchise ended 2024 with a record revenue of $30 billion.
Zillow initiated, Electronic Arts upgraded: Wall Street's top analyst calls
(Bloomberg) -- At first blush, stock trading this week is hardly a paragon of the market-efficiency theory, an oft-romanticized idea in Economics 101. After all, big equity gauges plunged on Monday, spurred by fears of an AI model released a week earlier, before swiftly rebounding.Most Read from BloombergHow the 2025 Catholic Jubilee Is Reshaping RomeTrump Paves the Way to Deputize Local Police on ImmigrationManhattan’s Morning Commute Time Drops With New Congestion TollHistoric London Elevator
(Bloomberg) -- Chile’s benchmark stock index is on track to post its biggest monthly gain since July 2023 and best start to a year since 1997 after Congress approved a long-awaited pension reform.Most Read from BloombergHow the 2025 Catholic Jubilee Is Reshaping RomeManhattan’s Morning Commute Time Drops With New Congestion TollTrump Paves the Way to Deputize Local Police on ImmigrationHistoric London Elevator Faces Last Stop in Labour’s Housing PushHousing Aid Uncertain After Trump’s Spending F
(Bloomberg) -- Traders are ramping up bets for a deeper divergence between European and US interest rates, setting the euro on a clear path for further weakness. Most Read from BloombergHow the 2025 Catholic Jubilee Is Reshaping RomeManhattan’s Morning Commute Time Drops With New Congestion TollTrump Paves the Way to Deputize Local Police on ImmigrationHousing Aid Uncertain After Trump’s Spending Freeze MemoTrump's Federal Funding Pause Threatens State Financials The currency fell to to its lowe
(Bloomberg) -- MicroStrategy Inc. has raised $563 million through a debt-like equity offering to help finance its purchase of more Bitcoin.Most Read from BloombergHow the 2025 Catholic Jubilee Is Reshaping RomeManhattan’s Morning Commute Time Drops With New Congestion TollTrump Paves the Way to Deputize Local Police on ImmigrationHousing Aid Uncertain After Trump’s Spending Freeze MemoTrump's Federal Funding Pause Threatens State Financials The perpetual strike preferred stock was sold for $80 a
Maintenance and repair supplier W.W. Grainger (NYSE:GWW) met Wall Street’s revenue expectations in Q4 CY2024, with sales up 5.9% year on year to $4.23 billion. On the other hand, the company’s full-year revenue guidance of $17.85 billion at the midpoint came in 1.8% below analysts’ estimates. Its GAAP profit of $9.71 per share was in line with analysts’ consensus estimates.