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The $100 billion Facebook rebound: Meta stock set for best day since 2013

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[ad_1] Meta Platforms Inc. changed its narrative in a big way this week, and that’s resonating on Wall Street. Three months ago, Chief Executive Mark Zuckerberg and his leadership team sounded fairly defiant as they laid out big spending plans despite economic angst, an attitude that helped send shares toward one of their worst days … Read more

DoubleLine’s Sherman eyes opportunities in real estate By Reuters

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[ad_1] © Reuters. FILE PHOTO: Jeffrey Sherman, Deputy Chief Investment Officer for DoubleLine Capital, speaks at the Skybridge Capital SALT New York 2021 conference in New York City, U.S., September 14, 2021. REUTERS/Brendan McDermid LONDON (Reuters) – Jeffrey Sherman, Deputy CIO at DoubleLine, sees some “pockets” of opportunity in commercial real estate, including offices, after … Read more

Illinois Tool Works hits 52-week high after beating revenue estimates (NYSE:ITW)

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[ad_1] SlobodanMiljevic/iStock via Getty Images Illinois Tool Works (NYSE:ITW) rose on Thursday to touch a 52-week high after the maker of industrial products and equipment reported revenue that was better than estimated. Its stock advanced as much as 5.6% to hit $252.87 a share. Revenue rose 7.9% to $3.97 billion in Q4 – beating the … Read more

Bank of England hints rates near peak after 10th hike By Reuters

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[ad_1] © Reuters. FILE PHOTO: People walk outside the Bank of England in the City of London financial district, in London, Britain, January 26, 2023. REUTERS/Henry Nicholls By William Schomberg and David Milliken LONDON (Reuters) – The Bank of England signalled the tide was turning in its battle against high inflation after it raised interest … Read more

Adani’s market losses top $100 billion as crisis shockwaves spread By Reuters

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[ad_1] © Reuters. FILE PHOTO: Indian billionaire Gautam Adani addresses delegates during the Bengal Global Business Summit in Kolkata, India April 20, 2022. REUTERS/Rupak De Chowdhuri By Aftab Ahmed, Chris Thomas and Aditya Kalra NEW DELHI/MUMBAI (Reuters) -Adani’s market losses swelled above $100 billion on Thursday, sparking worries about a potential systemic impact a day … Read more