Finance

Check out the companies making headlines after the bell on Monday: Cadence Design Systems stock surged more than 11 percent in after-hours trading. The software and engineering services company reported first quarter financial results that beat analyst expectations. Cadence reported EPS of $0.40 on revenue of $517 million versus the $0.37 on $505 million analysts
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These tensions have weighed on financial markets recently as investors fear a trade war between the two largest world economies may be around the corner. “Right now, the discussions over trade are really ones that may be impacting individual businesses,” Brainard said. However, Brainard also said the U.S. economy appears capable of handling tighter monetary
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Brazil and Mexico have caught the eye of U.S. executives as investment destinations after a sharp economic turnaround in Latin America. U.S. executives expect their companies to make deals in both Brazil and Mexico over the next 12 months, according to a survey conducted by EY. “As we approach full employment in the U.S., companies
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Olivia Harris | Reuters Authorities around the world, including the United States, Switzerland and Singapore have looked into anti-money laundering breaches relating to 1MDB. The financial scandal — one of the world’s biggest — has rocked Malaysian politics and involves players as diverse as Goldman Sachs and Hollywood. The state of 1MDB’s finances has been
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Adam Dell grew up in Houston, the son of a dentist and a stockbroker. His older brother Michael was a big deal in computing. After a career in venture capital brought him some fame and fortune of his own, he had a child with Padma Lakshmi, a model and movie star. Now he is settling
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Regional lender US Bancorp reported a 13.7 percent rise in quarterly profit on Wednesday, driven by higher interest income and lower taxes. Net income attributable to the bank rose to $1.68 billion, or 96 cents per share, in the first quarter ended March 31, from $1.47 billion, or 82 cents per share, a year earlier.
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The demographic shift the world is going through presents a major trend that’s worth investing in, according to one expert. “Aging is, with no doubt, one of the strongest, one of the least cyclical, one of the most permanent trends in the market,” Vafa Ahmadi, head of thematic equity management at Amundi’s CPR Asset Management,
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Check out the companies making headlines after the bell: Netflix shares soared as much as 7 percent post-market after the entertainment company released its first-quarter earnings. Its earnings were in line with Wall Street estimates and revenues were slightly above. Guidance for the upcoming quarter is strong. The company added nearly 2 million U.S. subscribers
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Bank of America reported Monday better-than-expected results for the first quarter of the year, driven by strong loan growth and lower taxes. Here’s how the bank fared compared to Wall Street expectations: —Earnings: 62 cents per share vs. 59 cents expected by Thomson Reuters—Revenue: $23.1 billion vs. $23.059 billion forecast—Net interest income: $11.6 billion vs.
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