Big Tech Faces Earnings Test After Market Rout

The Magnificent Seven stocks lost nearly $1 trillion in combined market value last week, increasing pressure on the group to deliver. 


 
CVC Looks to Raise EUR250 Million in Amsterdam Float

CVC has priced its IPO implying a market valuation of up to $16 billion and said it planned to raise EUR250 million. 


 
GEF Capital Collects $325 Million for Energy-Efficiency Bets

The firm has wrapped up its second U.S. buyout fund to back companies and technologies that curb energy use. 


 
The Coney Island Apartment Complex That Nearly Sparked a Banking Panic

Investors are worried about ticking time bombs on banks' balance sheets. Warbasse Houses was one of them. 


 
Regulators Restart Bid to Curb Bonus Pay on Wall Street

Incentive-compensation rules are required by the 2010 Dodd-Frank law but have yet to be put in place. 


 
Fed's Goolsbee says progress on inflation has stalled, makes sense to wait on interest rates

Chicago Fed president "hopeful" we will get improvement on inflation. 


 
Banks Believe They Are Well-Prepared for Commercial Real Estate Fallout

Banks have built up substantial reserves against office loans going bad. 


 
American Express says cardholders are buying lots of 'front of cabin' plane tickets, as total spending grows 7%

American Express saw an acceleration in new card acquisitions during the first quarter, and it recorded a profit beat for the period. 


 
How Not to Invest in the Bond Market

Investors poured billions into long-term U.S. government funds last year. Right on cue, the market tanked-again. 


 
PwC Looks to Shrink New U.S. Consulting Partner Class by More Than 50%

PricewaterhouseCoopers is looking to shrink its new class of U.S. consulting partners by more than 50% compared with last year as demand for advisory services continues to slow and the firm reorganizes its business lines.


(END) Dow Jones Newswires

04-22-24 0715ET