Finance

Take a look at some of the biggest movers in the premarket: Adobe (ADBE) – Adobe reported quarterly profit of $3.03 per share, 21 cents a share above estimates. The software company’s revenue also topped Wall Street forecasts and Adobe gave stronger-than-expected current-quarter guidance. Its shares rose 3.1% in premarket trading. Smith & Wesson (SWBI)
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This is a comparison of Wednesday’s Federal Open Market Committee statement with the one issued after the Fed’s previous policy-making meeting on April 28. Text removed from the April statement is in red with a horizontal line through the middle. Text appearing for the first time in the new statement is in red and underlined. Black text appears in both
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Take a look at some of the biggest movers in the premarket: Oracle (ORCL) – Oracle earned $1.54 per share for its latest quarter, beating the consensus estimate of $1.31 a share. The business software company’s revenue topped estimates as well. The company forecast current-quarter profit below consensus, however, as it increases investment in its
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In this article BTC.CB= @CL.1 Institutional Investor Hall of Famer Richard Bernstein is sounding the alarm on bitcoin. He warns bitcoin is a bubble and crypto fever is pushing investors away from the market groups positioned to grab the biggest gains, particularly oil. “It’s pretty wild,” the CEO and CIO of Richard Bernstein Advisors told
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Economist David Rosenberg believes the bond market is getting inflation right and yields shouldn’t trade at higher levels. His reasoning: Inflation as a temporary phenomenon caused by enormous pent-up demand and supply chain issues connected to the coronavirus pandemic. “The numbers have been shocking to the upside, no doubt about it. But it’s pretty easily
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