Wall Street jumps as China stimulus measures soothe virus worries
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- Wall St rises on the day but falls for the week; bond yields and Iran in focus
- UBS says bull market has further to run
- S&P 500 may pull back before midterms, but Citi says buy the dip
- Global yield relief evaporates as U.S. rates push back toward multi-decade peaks
- BofA's Hartnett sees dollar slump, risk selloff if bond intervention fails
- Applied Optoelectronics sets up $600M at-the-market stock offering
- Fannie Mae loses at least 10 senior executives amid departures - WSJ
- Wall St rises on the day but falls for the week; bond yields and Iran in focus
- Morgan Stanley course-corrects their semiconductor equipment outlook on demand
- One killed, three injured when man attacks Swedish school with sword
Intercontinental Exchange (ICE) Reports In-Line Q4 EPS
February 6, 2020 7:33 AM ESTIntercontinental Exchange (NYSE: ICE) reported Q4 EPS of $0.95, in-line with the analyst estimate of $0.95. Revenue for the quarter came in at $1.3 billion versus the consensus estimate of $1.3 billion.
Scott A. Hill, ICE Chief Financial Officer, added: \"In 2019 we generated record revenues, record operating... More
Intercontinental Exchange (ICE) Acquires Bridge2 Solutions
February 5, 2020 9:21 AM ESTIntercontinental Exchange, Inc. (NYSE: ICE), a leading operator of global exchanges and clearing houses and provider of data and listings services, today announced that it has agreed to acquire Bridge2 Solutions, a leading provider of loyalty solutions for merchants and consumers. Following the completion of the transaction, Bakkt, a majority-owned subsidiary of ICE, intends to acquire Bridge2 Solutions from ICE using proceeds from Bakkts Series B round of funding, which is expected to close later this quarter.
Since launching the Bakkt Warehouse in 2019, along with its growing suite of bitcoin futures and... More
Mizuho Securities Reiterates Underperform Rating on eBay (EBAY)
February 5, 2020 7:15 AM ESTMizuho Securities analyst James Lee reiterated an Underperform rating and $33.00 price target on eBay (NASDAQ: EBAY). Lee believes the news of ICE potentially acquiring eBay at 30bn, or $37.50 per share, is unlikely due to a lack of synergies with ICEs stock exchange business.... More
