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Yahoo BusinessApr 16, 2021
Crypto Craze Fuels Dogecoin Rise From Joke to $50 Billion


Yahoo BusinessApr 16, 2021
Bank of America tops charts with $15 billion bond deal, the biggest ever from a bank


NYTimes BusinessApr 16, 2021
SpaceX Wins NASA $2.9 Billion Contract to Build Moon Lander
Elon Musk's company bested Jeff Bezos' Blue Origin and others in the contest to carry American astronauts to the lunar surface.

MarketWatchApr 16, 2021
Market Extra: Bank of America tops charts with $15 billion bond deal, the biggest ever from a bank
Major U.S. financial powerhouses Bank of America and JP Morgan are going on a borrowing spree, after reporting blockbuster first-quarter financial results this week, smashing record after record along the way.

The Motley FoolApr 16, 2021
HEXO to Raise Up to 1.2 Billion Canadian Dollars in Fresh Capital
The company says the funds will be used for activities such as acquisitions and partnerships.

Google Business NewsApr 16, 2021
Mike Mayo Blasts Morgan Stanley for Secrecy Over Archegos Hit - Bloomberg
Mike Mayo Blasts Morgan Stanley for Secrecy Over Archegos Hit  BloombergMorgan Stanley had $911 million in first-quarter losses tied to Archegos fund meltdown  CNBCMorgan Stanley CEO James Gorman on the nearly $1 billion in losses tied to Archegos meltdown  CNBC TelevisionMorgan Stanley Earnings: Archegos Loss Is No Emergency  BloombergArchegos Losses Mount With Morgan Stanley Taking a $900 Million Hit  The New York Times

MarketWatch MarketPulseApr 15, 2021
Bank of America stock jumps toward 13-year high after profit beat, new $25 billion buyback program
Shares of Bank of America Corp. rose 1.8% toward a 13-year high in premarket trading Thursday, after the bank reported profit that more than doubled and beat expectations, citing strong growth in capital markets and lower credit costs, and set a $25 billion stock repurchase program. Net income rose to $8.1 billion, or 86 cents a share, from $4.0 billion, or 40 cents a share, in the year-ago period. The FactSet consensus for earnings per share was 66 cents. Total revenue was unchanged at $22.8 billion, but topped the FactSet consensus of $21.90 billion, while net interest income (NII) dropped 15.9% to $10.20 billion to fall shy of expectations of $10.27 billion. Consumer banking revenue fell 12% to $8.1 billion, as lower rates led to lower NII, while global markets revenue climbed 19% to $6.2 billion. Provision for credit losses improved to a benefit of $1.9 billion from a cost of $4.8 billion. Separately, the bank said it has authorized the repurchase of up to $25 billion worth of common stock over time. That represents about 7.3% of Bank of America's market capitalization of $344.29 billion. The stock, which is on track to open at the highest price seen since May 2008, has rallied 20.8% over the past three months through Wednesday, while the S&P 500 has gained 9.5%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



MSNBC.com: BusinessMay 18, 2018
Bill Gates reveals Trump's confusion between HIV and HPV
The billionaire Microsoft founder also said it was "kind of scary how much he knew about my daughter's appearance."
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