Author: pluginever

British oil giant Shell on Thursday reported stronger-than-expected first-quarter profit, boosted by higher refining margins and robust oil trading. Shell reported adjusted earnings of $7.7 billion for the first three months of the year, beating analyst expectations of $6.5 billion, according to an LSEG-compiled consensus. A year earlier, the company posted adjusted earnings $9.6 billion…

Sony Pictures and private equity firm Apollo Global Management have sent a letter to the Paramount Global board expressing interest in acquiring the company for about $26 billion, according to people familiar with the matter. The expression of formal interest comes as David Ellison’s Skydance Media, backed by private equity firms RedBird Capital and KKR,…

Results for the 13 weeks ended March 26, 2024, as compared to the prior year as applicable, included the following: Comparable restaurant sales increased 8.4% at company restaurants and increased 7.7% at domestic franchise restaurants Average weekly sales at company restaurants were $159,378 of which $20,815 were to-go sales as compared to average weekly sales…

Block reported first-quarter earnings after the bell that exceeded analysts’ estimates. The stock rose about 10% in extended trading. Earnings per share: 85 cents adjusted vs. 72 cents adjusted that was expected. Revenue: $5.97 billion vs. $5.82 billion expected https://www.cnbc.com/2024/05/02/block-sq-earnings-q1-2024.html

First quarter revenue totaled $378.6 million, representing an increase of 30% year-over-year GAAP loss from operations of $54.6 million, or 14% of revenue, and non-GAAP income from operations of $42.4 million, or 11% of revenue Operating cash flow of $73.6 million, or 19% of revenue, and free cash flow of $35.6 million, or 9% of…

I have 100 call options I purchased for Petrobras. 20 dollar call for July . I got a email today saying there’s corporate action and the call option is frozen . No info or nothing . I’m so sick of this bs

Coinbase reported better-than-expected revenue in its first-quarter earnings report on Thursday. Here’s how the company did, compared to analysts’ consensus from LSEG. Earnings: $4.40 per share. That may not be comparable to the $1.09 average analyst estimate. Revenue: $1.64 billion vs. $1.34 billion expected Coinbase, the primary marketplace in the U.S. for buying and selling…

Peloton announced Thursday that CEO Barry McCarthy will be stepping down and the company will lay off 15% of its staff as it looks to cut costs by $200 million. McCarthy, a former Spotify and Netflix executive, will become a strategic advisor to Peloton through the end of the year while Karen Boone, the company’s…

Key Takeaways BlackRock predicts a surge of institutional investors in Bitcoin ETFs despite a recent pause of inflows; Robert Mitchnick highlights ongoing education and research efforts as key to integrating Bitcoin into traditional investment portfolios of major institutions; With over $76 billion amassed in Bitcoin ETFs and plans for broader access, BlackRock emphasizes educational outreach…

Three rate cuts were promised for this year. Market shot up. By now, it’s obvious the three cuts won’t happen this year. Yesterday’s Fed meeting was all about “how many cuts this year”. None were promised. Yet, the narrative pushed by the media was “no rate hikes”, as if that was ever on the table.…