The company is offering a 38% wage increase over four years in its latest proposal. That is up from its original offer of 25%, which was overwhelmingly rejected by a union local representing machinists.
The SEC said that the bank’s violations included misleading disclosures to investors, not acting or making recommendations in the best interest of shareholders and prohibiting joint transactions and principal trades.
Australia’s biggest investment bank and asset manager said the performance was underpinned by improved realizations in Macquarie Asset Management, as well as further progress in the digitalization program in banking and financial services.
Yesterday — 31 October 2024U.S. Finance & Business
The chip maker attributed nearly $16 billion in charges to its sweeping restructuring efforts. The company’s rosy sales forecast sent shares up about 8% after hours.
Apple reported revenue reached an all-time high for the September quarter, propelled by a modest rebound in iPhone sales that came ahead of its release of new artificial-intelligence tools.
Investors can expect a bleak outlook for department stores that have struggled to provide consumers with the value they’re looking for, but discounters such as T.J. Maxx, Ross Dress for Less and Burlington anticipate higher foot traffic this holiday season.
Shares of financial services company Robinhood (NASDAQ:HOOD) fell 16.3% in the morning session after the company reported underwhelming third-quarter earnings that missed Wall Street's revenue, users, EBITDA, and EPS expectations. Notably, sales declined quarter on quarter, suggesting that the momentum from retail traders might not be as strong as in recent times. Overall, this was a weaker quarter.
Shares of online marketplace eBay (NASDAQ:EBAY) fell 20.8% in the afternoon session after the company reported third-quarter earnings and provided revenue guidance for the next quarter, which missed analysts' expectations. In addition, its EBITDA fell short of Wall Street's estimates. Overall, this quarter could have been better.
Robinhood shares plunged Thursday after the online brokerage company missed Wall Street’s quarterly revenue expectations due to a customer promotion program. Monitor these key chart levels.
The cable and entertainment company also said it will consider partnerships in streaming as it posted a jump in third-quarter revenue fueled by its media businesses.
The biggest U.S. military shipbuilder pulled its five-year free cash-flow forecast amid uncertainty about a submarine contract, supply-chain disruption and the loss of experienced workers.
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