Major Saudi shopping mall developer Arabian Centres Company is launching an initial public offering that will be the kingdom’s biggest since 2014, when Saudi Arabia’s largest lender, National Commercial Bank, was listed. The IPO, which was approved by Saudi financial regulator, Capital Market Authority, is offering 95,000,000 shares on the Tadawul, the Saudi stock exchange.
0 Comments
Goldman Sachs is scheduled to report first-quarter earnings before the opening bell Monday. Here’s what Wall Street expects: Earnings: $4.89 a share, down 30% from a year ago, according to Refinitiv.Revenue: $8.9 billion, down 10% from a year earlier.Trading Revenue: Equities $1.81 billion; Fixed income $1.77 billion, according to FactSetInvesting Banking: $1.65 billion It’s only
0 Comments
Walmart is finally getting into the subscription business for apparel. The retailer on Tuesday announced it’s partnering with Kidbox, a subscription-box company akin to Stitch Fix but focused solely on selling clothes for babies, girls and boys. Now, Walmart shoppers will be able to purchase as many as six different boxes from Walmart.com, curated by
0 Comments
Citigroup is scheduled to report quarterly results later on Monday. Here’s what Wall Street is expecting from the banking giant: Earnings: $1.80 per share expected by Refinitiv Revenue: $18.634 billion forecast Fixed-income, currencies and commodities (FICC) trading revenue: $3.05 billion expected by StreetAccount Equities trading: $930 million Investment banking revenue: $1.2 billion forecast Net interest
0 Comments
Airlines canceled more than 4,000 flights across the U.S. this weekend as heavy snow and thunderstorms snarled operations at major airports in cities like Chicago and Dallas, leaving some travelers stranded overnight. Storms dumped more than 5.3 inches of. snow at O’Hare International Airport on Sunday, prompting airlines to cancel more than 1,000 flights. Those
0 Comments
North Korea‘s cyber capabilities and financial networks pose a threat to Southeast Asia’s growing, yet vulnerable, cryptocurrency sector, according to British defense and security think tank Royal United Services Institute. North Korea has been heavily sanctioned for years by the United Nations, the United States and other countries over its nuclear and missile ambitions. The
0 Comments
One big bank is not like the other. Financial giants J.P. Morgan and Wells Fargo kicked off earnings season on Friday, both issuing better-than-expected results. But while J.P. Morgan’s stock soared nearly 5%, Wells Fargo’s stock slid, ending the day almost 3% lower. Wells Fargo’s weakness came largely from softer profit guidance from CFO John
0 Comments
Jeep is the highlight of Fiat Chrysler‘s portfolio, with record sales helping to make up for the Italian-American conglomerate’s slow growth in other sectors. The reason why is simple: people love Jeeps. From the Fiat-based, compact Renegade to the 707-horsepower Grand Cherokee Hellcat, the Jeep brand offers a sense style, personality and ruggedness that fits
0 Comments
If you’re waiting until the absolute last moment to file your taxes, you’re not alone. In fact, 20% to 25% of Americans wait until the last 14 days before the deadline to prepare their returns. But procrastinating is more troublesome this year because it’s the first time taxpayers are filing under the Tax Cuts and
0 Comments
Crude can’t crank higher unless it stays above the key $60 level, says expert technician Louise Yamada. Tightening global supplies have proved bullish for the commodity this year, with U.S. West Texas Intermediate crude prices currently hovering near five-month highs. But the upward action has also been quite volatile, as economic and geopolitical factors have
0 Comments
Even though it wasn’t the rocket’s debut, “there’s been a lot of anticipation” for the massive Falcon Heavy rocket’s first commercial launch, said Ann Kim, a managing director at Silicon Valley Bank. SpaceX flew Falcon Heavy flawlessly on Thursday, putting into orbit a large Saudi Arabian communications satellite. But to Kim, while the launch’s execution
0 Comments