Check out the companies making headlines in extended trading. SolarEdge — The solar stock cratered 23% after SolarEdge posted a dismal third-quarter report and outlook for the current quarter’s revenue. SolarEdge lost 55 cents per share, excluding items, while analysts polled by LSEG, formerly known as Refinitiv, forecast a gain…

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The Fed is not thinking about rate cuts right now at all, Powell saysFed Chair Powell stressed that the central bank hasn’t begun considering a rate cut, and it won’t until inflation is brought under control.”The fact is the committee is not thinking about rate cuts right now at all.…

The Federal Reserve on Wednesday again held benchmark interest rates steady amid a backdrop of a growing economy and labor market and inflation that is still well above the central bank’s target.In a widely expected move, the Fed’s rate-setting group unanimously agreed to hold the key federal funds rate in…

DigitalBridge Group, Inc. (NYSE:DBRG) Q3 2023 Earnings Conference Call November 1, 2023 10:00 AM ET Company Participants Severin White – MD and Head, IR Marc Ganzi – CEO Jacky Wu – CFO Conference Call Participants Michael Elias – Cowen Jade Rahmani – KBW Ric Prentiss – Raymond James Richard Choe…

Jordan suggested that without the ELA+ loan, which was not secured in the manner typically required by the SNB, Credit Suisse risked being unable to meet its financial obligations, jeopardizing systemic stability.Jordan’s comments echoed those of FINMA CEO Urban Angehrn, who suggested in April that allowing Credit Suisse to fall…

We all have to communicate with people on a daily basis, so it’s inevitable that we’ll occasionally be put off, if not downright offended, by the things we hear. But consider the possibility that sometimes you may be guilty of rubbing people the wrong way.As a public speaking trainer, I…

The markets don’t think the JetBlue (JBLU) Spirit (NYSE:SAVE) merger is likely to close. Latest option data for July 19, 2024 contracts, which is the outside date for the merger appears to imply, broadly, a 24%-27% of Spirit reaching the deal price by that date. There’s also concern, based on…

Holiday spending will be sluggish as consumers grapple with inflation, but Bank of America thinks a handful of value retailers and specialty stores could see a boost. Bank of America projects holiday sales-weighted average same-store sales will rise 0.6% year over year for its retail universe. That’s compared to 3.3%…

As mortgage rates hover near the highest level in more than two decades, homebuyers are turning to riskier mortgage products to help them get into a home.Last week, the average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($726,200 or less) decreased to 7.86% from 7.90%, with…