Analysis: After U.S. bank stock surge, options traders brace for earnings-fueled volatility
Bank stocks have rallied in recent weeks, but a pick-up in hedging on a key financial sector exchange-traded fund may be a sign that investors are wary of earnings season volatility, options market experts said.
Exclusive: Pfizer to cut U.S. sales staff as meetings with healthcare providers move to virtual
Pfizer Inc (PFE.N) said on Tuesday it is reducing its U.S. sales staff as it expects doctors and other healthcare providers to want fewer face-to-face interactions with sales people after the COVID-19 pandemic ends.
France’s OVHcloud picks up speed in Q1, on track for 2022 targets
French cloud computing company OVHcloud (OVH.PA) reported on Wednesday a rise of 13.9% in its first-quarter revenue, and said it was on track to achieve its full-year objectives.
Bank of America, Wells Fargo scrap some overdraft fees as regulatory scrutiny grows
Wells Fargo & Co and Bank of America (BAC.N) will no longer charge customers for bouncing checks and are adopting new policies to limit overdraft-related fees, the latest lenders to overhaul such charges amid growing regulatory scrutiny.
Hong Kong warns COVID-19 curbs on air cargo to hit goods supply
Hong Kong will soon feel the negative effects of tougher COVID-19 quarantine curbs on air crew, with cargo traffic and the supply of goods into the city set to drop, Chief Executive Carrie Lam said on Wednesday.
Philips shares slide as shortages and recall hit profits
Philips shares (PHG.AS) plunged more than 11% on Wednesday morning after the Dutch health technology company hiked the cost of its massive recall of ventilators and said earnings would take a big hit from global supply chain shortages
Analysis: Buy the bounce? Investors watch valuations, technical levels to decide
As stocks attempt to climb back from a brutal sell-off, investors are watching a variety of metrics to decide whether to buy the rally or brace for more declines.
Toshiba should overhaul board and management, major Japan pension fund says
Toshiba Corp’s (6502.T) proposal to split itself into three companies won’t solve its governance issues and the conglomerate should prioritise an overhaul of its board and management, said a senior executive at one of Japan’s largest pension funds.
Column: Like Tortoise vs Hare, ECB may ‘normalize’ before Fed
If the world’s big central banks are convinced the economic emergency is over and policy should start to return to pre-pandemic settings, the ECB is likely to beat the Fed to it.
EXCLUSIVE Morgan Stanley to award bonus rises of over 20% on Thursday to top performers -sources
Morgan Stanley (MS.N) will raise its annual bonus for top-performing staff on Thursday by more than 20%, people with direct knowledge of the matter said, with a dealmaking boom set to usher in bumper payouts by banks this year.
