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'Nobody Wants To Make Banking Another Task' — The Push For Financial Integration
Monday, December 23, 2024 - 10:09am | 564In a world where convenience drives decision-making, embedded finance is reshaping how people interact with money. At a recent panel discussion at the Benzinga Fintech Deal Day & Awards event, industry leaders explored how these financial solutions integrate seamlessly into daily life,...
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Micron Earnings: Will AI Growth Outweigh 'Choppy' Memory Market?
Wednesday, December 18, 2024 - 2:26pm | 499Micron Technology Inc (NASDAQ:MU) heads into its first-quarter earnings announcement with a mix of optimism and caution. "Choppy Quarters Ahead"? As Jake Silverman, Bloomberg Intelligence Semiconductor Analyst, puts it, "choppy quarters ahead for NAND" could pose a challenge, with pricing and...
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Crypto Market To Soar In 2024, Billions In Capital Will Flood Into Sector, Says Analyst
Thursday, August 31, 2023 - 4:54pm | 419Crypto analyst Jamie Coutts has spotlighted 2024 as the year for a significant surge in crypto inflows. The Bloomberg Intelligence analyst specifically emphasized the potential of "unlocking billions" from Retail, RIA, and Institutional capital that could be channeled into U.S.-...
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Bitcoin Is Like A Teenager Hopped Up On Sugar Diet Of Low Interest Rates: Analyst
Wednesday, August 30, 2023 - 10:48am | 604Bloomberg Intelligence’s Mike McGlone likened Bitcoin (CRYPTO: BTC) to a teenager who has grown up on a high-sugar diet of extraordinarily low-interest rates and is now facing challenges amid changing economic conditions. “Bitcoin typically outperforms when the liquidity pump is on, and...
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Research: Tesla To Be Overtaken By This Legacy Automaker As Top EV Maker By 2024
Wednesday, June 15, 2022 - 10:23am | 477Germany’s Volkswagen Group (OTC: VWAGY) could grab the top electric vehicle maker crown from Tesla Inc (NASDAQ: TSLA), according to a research report by Bloomberg Intelligence. What Happened: Volkswagen’s battery electric vehicle share already tops that of Tesla in Europe and the legacy...
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Analyst: Tiffany A 'Motivated' Seller, But Not At $120
Monday, October 28, 2019 - 11:40am | 591Tiffany & Co. (NYSE: TIF) confirmed Monday that it received an unsolicited and non-binding takeover proposal from LVMH Moet Hennessy Louis Vuitton (OTC: LVMUY) at $120 per share. Tiffany Is Interested, But Not At $120 Tiffany is open to a deal to sell itself to LVMH, but not at $120 per share,...
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PG&E Shares Tank After New Bankruptcy Rulings
Monday, August 19, 2019 - 10:54am | 607PG&E Corporation (NYSE: PCG) shares plummeted 27% on Monday after two critical courtroom rulings about the California utility’s wildfire liabilities and ongoing bankruptcy proceedings. What Happened The major blow for PG&E shareholders came when a judge ruled that a jury should...
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Pop Quiz: Are There More Stocks Or Indices?
Friday, May 12, 2017 - 10:42am | 353The S&P 500 index holds 500 stocks while the Russell 2000 index holds 2,000 stocks. Clearly, this means that in the entire stock market universe there are more stocks than indices, right? According to a Bloomberg report, there are in fact more indices than individual stocks. The math is simple...
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2 Big Dow Components Are Finding It Hard To Grow
Wednesday, April 26, 2017 - 11:47am | 501Generally speaking, the bigger the size of the company, the more difficult it is to grow. This concept was front-and-center after two major Dow components signaled to investors growing their business isn't an easy task. Procter & Gamble Shares of Procter & Gamble Co (NYSE: PG) were trading...
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The Latest 'Furious' Film Could Be Biggest Global Movie Opening Ever
Monday, April 17, 2017 - 11:42am | 411Moviegoers across the world made it clear over the weekend that the "Fast and Furious" franchise is still hot. According to a Bloomberg report, "The Fate of the Furious" is on track to hold the title of the biggest global movie opening of all time. After being released over the long Easter weekend...
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Retail Job Number Hitting Scary Levels
Friday, April 7, 2017 - 11:21am | 330The March employment report from the U.S. Labor Department revealed that most of the U.S. economy is performing at its highest level since before the 2008 financial crisis. But while most sectors are flying high, the retail sector may be unraveling. The U.S. economy added another 98,000 jobs on the...
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What Does A Court Blocking Aetna's Humana Deal Mean For Anthem And Cigna's Merger?
Monday, January 23, 2017 - 4:39pm | 366Shares of both Aetna Inc (NYSE: AET) and Humana Inc (NYSE: HUM) are trading down on Monday after a federal judge blocked the massive $37 billion proposed merger between the two healthcare insurance giants on antitrust grounds. However, Aetna and Humana may not be the only victims of the ruling....
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AT&T Is Paying Top Dollar For Time Warner And Has Zero Room For Error
Monday, October 24, 2016 - 12:39pm | 463AT&T Inc.'s (NYSE: T) core business is bleeding market share as rivals T-Mobile US Inc (NASDAQ: TMUS) and Sprint Corp (NYSE: S) are offering superior unlimited data packages to clients. Meanwhile, AT&T is succeeding in bringing in video customers through its DirecTV segment, which...
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A $96 Million Bet On The UK Stock Market?
Wednesday, October 12, 2016 - 7:32am | 300The British pound is tanking due to ongoing uncertainty and concerns involving Brexit yet the largest U.S.-listed U.K. exchange-traded fund saw an inflow of $96 million on Tuesday. According to Bloomberg, the iShares MSCI United Kingdom Index (ETF) (NYSE: EWU) saw its largest single day inflow...
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Irish Political Party: We'll Pursue Apple If It Owes Back Taxes
Thursday, January 21, 2016 - 1:00pm | 421Ireland's left-wing Sinn Féin political party stated that it will come after Apple Inc. (NASDAQ: AAPL) if the tech giant owes back taxes, after the ongoing European Commission investigation Apple Insider reported. A Sinn Féin spokesman told Bloomberg, "It's ridiculous in the extreme for the...