Black Friday Lured Shoppers Back, in Early Test for Holiday Spending

Black Friday Lured Shoppers Back, in Early Test for Holiday Spending

Business Stores on average welcomed more consumers compared to last year, industry data show

Kiwi Property 1H Net Loss NZ$151.1 Million

By David Winning SYDNEY–Kiwi Property Group Ltd. said an unrealized drop of 5.8% in the fair value of its real-estate portfolio had driven it to a half-year net loss. Kiwi Property reported a net loss of 151.1 million New Zealand dollars (US$92.2 million) in the six months through September. “In the absence of relevant transactional … Read more

Musk Has Great News For Tesla Investors. He Has Advice For Managers Too.

Tesla CEO Elon Musk has some welcome news for investors. Tesla is having its best quarter ever. An email from Musk to Tesla (ticker: TSLA) employees surfaced on Twitter Saturday. It contained some detail about Tesla’s fourth quarter as well as some advice for managers.

Stocks Are on the Rise, but Earnings Could Drag Them Down Again

Markets This summer, analysts thought S&P 500 companies’ fourth-quarter earnings would rise. Now they think earnings will fall.

6 Preferred Stocks That Offer Safety and High Yields

There still is plenty of yield in the depressed preferred-stock market—even after the recent half-point yield decline in the Treasury 10-year note to 3.7%. Many preferred issues yield 6% or more and offer investors good dividend security since they are a senior form of equity. Preferred holders also benefit since dividends, like those on common … Read more

Deere, HP, Nordstrom and others

Check out the companies making headlines before the bell: Deere (DE) – The heavy equipment maker reported better-than-expected profit and revenue for its latest quarter and issued an upbeat outlook. Deere said it benefited from positive farm fundamentals and increased infrastructure investment. Its stock jumped 4.2% in premarket trading. related investing news Pro Picks: Watch … Read more

Credit Suisse Warns of $1.6 Billion Loss After Clients Pull Money

Markets Customer outflows come at a precarious time for the bank, which weeks ago launched a sweeping overhaul of its operations

Alpha Financial Markets Sees FY 2023 Ahead of Views; CEO to Step Down

By Michael Susin Alpha Financial Markets Consulting PLC said Wednesday that it expects to deliver fiscal 2023 performance ahead of market expectations after reporting a pretax profit increase in the first half, and that Chief Executive Officer Euan Fraser will step down. The provider of specialist consultancy services said pretax profit for the six months … Read more

Credit Suisse projects $1.6 trillion fourth-quarter loss

Switzerland’s second largest bank Credit Suisse is seen here next to a Swiss flag in downtown Geneva. Fabrice Coffrini | AFP | Getty Images Credit Suisse on Wednesday projected a 1.5 billion Swiss franc ($1.6 billion) fourth-quarter loss as it undertakes a massive strategic overhaul. The embattled lender last month announced a raft of measures … Read more

Investor Home Purchases Drop 30% as Rising Rates, High Prices Cool Housing Market

Real Estate Buying activity by companies fell in line with the decline in overall home sales amid higher borrowing costs