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Financial News Around the World

When Barbara Corcoran sold her company for $66 million, she didn’t know how much it was worth—here’s how she negotiated anyway

“Shark Tank” star Barbara Corcoran sold her real estate firm for $66 million, a number she chose out of luck, without knowing her company’s worth. Here’s how.

Published 2 May 2023
Categorised as Finance News

Job openings fell more than expected in March to lowest in nearly two years

The JOLTS report showed that job vacancies totaled 9.59 million for the month, down from 9.97 million in February.

Published 2 May 2023
Categorised as Finance News

Hindenburg Research goes after Carl Icahn in latest campaign for market-moving short seller

The Nathan Anderson-led firm took a short position against Icahn Enterprises, alleging “inflated” asset valuations, among other reasons.

Published 2 May 2023
Categorised as Finance News

Wall Street is cutting more jobs as Morgan Stanley plans 3,000 layoffs

For Morgan Stanley and others, the cuts show Wall Street is wrangling with a slump that’s dragging on for longer than expected

Published 2 May 2023
Categorised as Finance News

Chegg drops more than 40% after saying ChatGPT is killing its business

Chegg beat first-quarter expectations on the top and bottom lines, but issued a weak second-quarter revenue outlook.

Published 2 May 2023
Categorised as Finance News

Crypto exchange owned by embattled conglomerate Digital Currency Group loses top global exec

Vijay Ayyar, Luno’s vice president of corporate development and international, resigned from the firm after seven years working there.

Published 2 May 2023
Categorised as Finance News

Stocks making the biggest premarket moves: Uber, Pfizer, Chegg, Dell & more

These are the stocks posting the largest moves in the premarket.

Published 2 May 2023
Categorised as Finance News

Income migration doubled during pandemic from high- to low-tax states, IRS report finds

New data from the Internal Revenue Service shows the Covid-19 pandemic doubled the flight of the wealthy out of New York and California in 2021. CNBC’s Robert Frank joins ‘Squawk Box’ to report on the great income migration.

Published 2 May 2023
Categorised as Finance News

‘Other problems might be lurking’: Strategist is unconvinced by Jamie Dimon’s bank crisis comments

JPMorgan Chase CEO Jamie Dimon’s assertion that turmoil in the banking sector was effectively ended by the resolution of First Republic may be premature, one analyst has suggested.

Published 2 May 2023
Categorised as Finance News

Singapore’s largest lender expects net interest margins will decline, but sees other growth drivers

With limited upside from these levels, CEO Piyush Gupta said he expects the pace of decline will be very gradual and not “falling off a cliff.”

Published 2 May 2023
Categorised as Finance News

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