Latest News on private equities market

AT&T to reveal HBO Max pricing, details at WarnerMedia investor day

AT&T Inc executives on Tuesday are expected to reveal new details about pricing, programming and distribution of the company's forthcoming HBO Max streaming video service as they plot the phone giant's entrance into the streaming war.



5 years ago

Stocks cling to gains on trade hopes, mixed earnings weigh on Europe

World stocks hovered near a 15-month high on Tuesday underpinned by cautious optimism over a Sino-U.S trade deal and expectations of another dose of policy stimulus from the Federal Reserve, with safe havens such as gold and yen on the back foot.



5 years ago

GM cuts 2019 outlook as U.S. strike weighs on profits

General Motors Co on Tuesday slashed its earnings forecast for 2019, saying that a 40-day U.S. labor strike by the United Auto Workers union that brought virtually all of its North American operations to a standstill would cost it around $3 billion in profits this year.



5 years ago

Wall Street set for subdued open on mixed earnings reports

Wall Street was set to open lower on Tuesday as investors assessed a mixed batch of earnings reports, including from Google parent Alphabet and big drugmakers Merck and Pfizer.



5 years ago

Saudi Aramco aims to begin planned IPO on November 3: sources

Saudi Aramco aims to announce the start of its initial public offering (IPO) on Nov. 3, three people with direct knowledge of the matter told Reuters, after delaying the deal earlier this month to give advisers time to secure cornerstone investors.



5 years ago

Pfizer raises 2019 forecast on surging cancer drug sales

Pfizer Inc posted third-quarter profit well above analysts' estimates on higher sales of cancer drug Ibrance and arthritis medicine Xeljanz, encouraging the largest U.S. drugmaker to lift its earnings forecast for the year.



5 years ago

After Boeing crashes, jet design rules to get tougher for all

Planemakers worldwide face tougher scrutiny and changes in the way aircraft are certified in the aftermath of two fatal crashes of Boeing 737 MAX jets, leading regulators have told Reuters.



5 years ago

Strong consumer spending drives Mastercard profit beat

Mastercard Inc on Tuesday beat Wall Street estimates for quarterly profit as customers shrugged off fears of an economic slowdown and spent more with their credit and debit cards, boosting fees for the world's second-largest payment processor.



5 years ago

Kellogg profit beats on higher demand for snacks, frozen foods

Kellogg Co reported quarterly sales and profit above market expectations on Tuesday, benefiting from higher demand for its Pringles and Cheez-It snacks, as well as frozen foods.



5 years ago

Blame it on Instagram: Spending on costumes takes over Halloween

In the days leading up to Oct. 31, nearly half of millennials admitted making Halloween purchases strictly for the social media posts.

5 years ago

Aramco signs slew of deals at Future Investment Initiative conference

Saudi Aramco has signed several deals at the Future Investment Initiative conference in Riyadh, Saudi Arabian General Investment Authority (SAGIA) said in a statement on Tuesday.



5 years ago

Tech improves your life, but are you willing to pay the monthly cost?

Subscriptions could be responsible for hundreds of dollars in spending you may not even see.

5 years ago

Merck beats estimates as Keytruda sales top $3 billion for first time

Merck & Co Inc blew past Wall Street expectations for third-quarter profit on Tuesday, as sales of its blockbuster immunotherapy Keytruda crossed the $3-billion mark for the first time in a quarter and beat lofty estimates.



5 years ago

Financial advisors need a succession plan to benefit clients and their own firm

With average financial advisor now in their 50s and many in their 60s and 70s, the fate of thousands of practices remains in doubt. Studies show that most small advisors, particularly solo practitioners, have no successor to fill their shoes.

5 years ago

Oil slips to $61 on OPEC+ doubts, U.S. inventories in view

Oil slipped to around $61 a barrel on Tuesday, falling for a second day, pressured by expectations of a rise in U.S. crude inventories and doubts that OPEC and its allies will cut oil output further in December.



5 years ago