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
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.
Markets This summer, analysts thought S&P 500 companies’ fourth-quarter earnings would rise. Now they think earnings will fall.
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
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
Markets Customer outflows come at a precarious time for the bank, which weeks ago launched a sweeping overhaul of its operations
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
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
Real Estate Buying activity by companies fell in line with the decline in overall home sales amid higher borrowing costs