Assurant, Inc. (NYSE:AIZ) Q1 2024 Earnings Conference Call May 8, 2024 8:00 AM ET Company Participants Sean Moshier – Vice President of Investor Relations.Keith Demmings – President & Chief Executive OfficerKeith Meier – Executive Vice President, Chief Financial Officer Conference Call Participants Mark Hughes – Truist SecuritiesBrian Meredith – UBSTommy…
There is no denying that the capital market can be a lucrative venture for those who know how to navigate it successfully. However, for beginners, forex trading can be overwhelming and confusing. With so many variables to consider, new traders need to have a solid foundation to build upon. Here are eight tips for beginning traders to help them get started on the right foot.EducationBefore jumping into forex trading, take the time to educate yourself…
A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. You can listen to an audio version of the newsletter by clicking the same link. The American dream of homeownership is looking more like a nightmare. With inflation heating up again, the Federal Reserve is in no position to consider lowering interest rates at its upcoming meetings. That’s helped push the average fixed…
Here are the stocks making headlines before the bell on Wednesday, May 8. Uber Technologies — The ride-hailing giant slid 7% after reporting mixed first-quarter results. The company’s overall revenue exceeded expectations, coming in at $10.13 billion versus an LSEG estimate of $10.11 billion. Booking revenue, however, totaled $37.65 billion . That’s below a StreetAccount forecast of $37.93 billion. Reddit – The social media company rose 11% after its first quarterly report beat expectations. Reddit…
Schwab U.S. Dividend Equity ETF (NYSEARCA:SCHD) is an outstanding dividend growth ETF, which I have highlighted as my favorite in a recent article. In fact, if I were limited to owning just one dividend growth ETF, SCHD would be my choice. Despite its many strengths, however, SCHD does have a few shortcomings for income-focused investors, especially those looking to retire on passive income from dividends. In this article, I will outline a simple strategy involving…
As anticipated, the National Labor Relations Board (NLRB) has appealed the Eastern District of Texas’ ruling overturning the expanded Joint Employer Rule. Particularly in light of President Biden’s May 3 veto of a bipartisan resolution that would have killed the expanded rule (and curbed the NLRB’s ability to make future drastic rule changes), this isn’t good news. But the franchise-crushing expanded version of the rule is still not in place, and the International Franchise Association…
As the worlds of gaming and Web3 converge, Engines of Fury empowers traditional gamers and crypto enthusiasts to explore a gaming landscape where players have more control over their gaming experience Dover, DE, USA, May8, 2024 — ChainGPT, the AI-powered Web3 infrastructure providing a diverse suite of tools and services, will exclusively launch the IDO of its latest launchpad project, Engines of Fury: a free-to-play top-down extraction shooter designed for Web3. Developed by talents from AAA…
Many adults heard the phrase “Robux” for the first time last holiday season when the virtual currency of gaming platform Roblox landed on the top of most wish lists. Roblox – with a stunning 70 million users – has attracted a devoted fan base, especially among teens, with its wide offering of games, from simulations and adventure games to ones you design yourself or with friends. This Thursday before the bell, Roblox will report its…
Almost all customers of collapsed cryptocurrency exchange FTX will get their money back — and more, according to a court filing.FTX estimates that it owes creditors around $11.2 billion, according to a reorganization plan published late Tuesday. FTX said that it has between $14.5 billion and $16.3 billion to distribute to creditors.Customers whose claims amount to $50,000 or less will receive approximately 118% of the amount of their allowed claim, the plan says. Around 98%…
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Thesis Chipotle Mexican Grill (NYSE:CMG) is one of the best-run companies in the restaurant category that significantly outperformed the market. Over the last year, CMG’s stock has risen by more than 55% with its multiples expanding and fundamentals growing. Even though in my opinion, CMG is expected to grow over the longer term due to profitable expansion, investments in new technologies, robotics and AI, the company trades at high price multiples. I rate CMG stock a hold at this level. Introduction and Performance CMG became one of the most popular fast-casual restaurant chains, known for its Mexican-inspired cuisine. The chain…
Home prices are reaching a peak. Currently, 550 cities in the U.S. have home values that average $1 million or more, a Zillow report found. Last year, 491 cities boasted average home values over $1 million. The rise in cities with high-priced homes is due to the tight housing market…
Last updated: May 7, 2024 23:00 EDT | 1 min read Four suspected South Korean OTC crypto “thieves” have pleaded guilty to stealing around $735,000 from a crypto buyer in a “bogus” USDT deal.Five men appeared at the Incheon District Court on May 7, all accused of crypto-related theft and…
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Editor’s Note: A version of this story appeared in CNN Business’ Nightcap newsletter. To get it in your inbox, sign up for free, here. In the spring of 2021, you might have heard about a small investment firm with an odd name, Archegos, that imploded practically overnight and left big Wall Street banks sweating over billions of dollars in losses. Then again, you might have been too busy scheduling your Covid vaccine and emerging from lockdown…
Shares of maintenance and repair firm HD Hyundai Marine Solution spiked nearly 50% in their trading debut Wednesday, marking a strong start to South Korea’s largest IPO since January 2022.Shares traded as high as 166,100 South Korean won ($121.59) apiece, representing a 99.1% surge from the IPO price of 83,400 won.The ship-repair unit of South Korea’s largest shipping conglomerate HD Hyundai Group sold 8.9 million shares in the initial public offering. The IPO totaled 742.26…
Dear Partners and Friends: The major indices we track all experienced a strong start to 2024. The market continued to be led by a small handful of tech companies propelling the Nasdaq to Q1 returns of 9.2% and the S&P 500 (SP500, SPX) of 10.4%. Smaller companies lagged once again. The Russell 2000 (RTY) was up 5.2% and the Russell MicroCap index was up 4.7%. Cedar Creek increased by 2.4% in the first quarter, net…
In March, a quiet coastal town in the western Indian state of Gujarat could have given both Davos and Coachella a run for their money. That’s when billionaires and movie stars from around the world jetted to Jamnagar, overwhelming its small airport with private planes and chartered flights. They were all there to party with Asia’s richest man, Mukesh Ambani. The 67-year old chairman of India’s most valuable private company Reliance Industries had thrown a lavish pre-wedding…
Cases of dementia are on the rise globally. Here’s how you can protect your brain today.Halfpoint Images | Moment | Getty ImagesA global mental health crisis is on the horizon — dementia.It is a condition that can be caused by a number of diseases that gradually destroy nerve cells and damage the brain, resulting in a decline in cognitive functions, according to the World Health Organization. With the advancement of medicine, science and technology, people…
AbCellera Biologics Inc. (NASDAQ:ABCL) Q1 2024 Earnings Conference Call May 7, 2024 5:00 PM ET Company Participants Tryn Stimart – Chief Legal & Compliance OfficerCarl Hansen – President, Chief Executive OfficerAndrew Booth – Chief Financial Officer Conference Call Participants Andrea Tan – Goldman SachsJacqueline Kisa – TD SecuritiesScott Schoenhaus – KeyBancStephen Willey – Stifel Operator Good afternoon and welcome to AbCellera’s Q1, 2024 Business Update Conference Call. My name is Harry and I will facilitate…
TikTok sued Tuesday to block a US law that could force a nationwide ban of the popular app, following through on legal threats the company issued after President Joe Biden signed the legislation last month. The court challenge sets up a historic legal battle, one that will determine whether US security concerns about TikTok’s links to China can trump the First Amendment rights of TikTok’s 170 million US users. The stakes of the case are…
Aclaris Therapeutics, Inc. (NASDAQ:ACRS) Q1 2024 Results Conference Call May 7, 2024 5:00 PM ET Company Participants Kevin Balthaser – Chief Financial OfficerNeal Walker – Interim Chief Executive OfficerJoe Monahan – Chief Scientific OfficerWally Smith – Scientific & Business Development Consultant Conference Call Participants Roger Song – JefferiesThomas Smith – Leerink PartnersCorinne Jenkins – Goldman SachsJulian Harrison – Big TIGAlex Thompson – StifelGavin Clark-Gartner – Evercore ISI Operator Good day, and thank you for standing…
Editor’s Note: A version of this article first appeared in the “Reliable Sources” newsletter. Sign up for the daily digest chronicling the evolving media landscape here. Anne Applebaum is sounding the alarm. The Pulitzer Prize-winning writer and historian published an 8,000-word piece in The Atlantic this week, warning about “the new propaganda war” and the dangers disinformation poses to the free world. The cover piece — excerpted from her forthcoming book, “Autocracy Inc.” — spotlighted how autocratic forces across the globe, including Donald Trump in the…
Step One: Wide-moat stocks with 5-star and 4-star ratings Historical evidence says that while quality alone is a poor indicator of outperformance, when combined with a decent valuation filter, Morningstar’s moat rating proves to be more than useful. Based on the available data, stocks with a wide-moat rating that also fit into the 4- or 5-star category deserve to be the subject of further analysis. See the detailed explanation and the underlying evidence of our…
