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  23. <title>Microsoft Earnings Exceed Expectations</title>
  24. <link>https://bankaholics.com/2023/01/24/microsoft-earnings-exceed-expectations/</link>
  26. <dc:creator><![CDATA[Anthony]]></dc:creator>
  27. <pubDate>Tue, 24 Jan 2023 22:01:45 +0000</pubDate>
  28. <category><![CDATA[Money]]></category>
  29. <category><![CDATA[News]]></category>
  30. <category><![CDATA[Microsoft]]></category>
  31. <guid isPermaLink="false">https://loansonline1.com/?p=78</guid>
  32.  
  33. <description><![CDATA[Microsoft officially unveiled their Q2 earnings following the bell on Tuesday which barely missed analysts&#8217; expectations on revenue while exceeding expectations on earnings per share, according to Yahoo Finance. Following the news, shares of Microsoft were up more than 4%. According to Bloomberg, here ae the critical numbers vs. what analysts were expecting from the [&#8230;]]]></description>
  34. <content:encoded><![CDATA[<p>Microsoft <a href="https://www.microsoft.com/en-us/Investor/earnings/FY-2023-Q2/press-release-webcast">officially unveiled</a> their Q2 earnings following the bell on Tuesday which barely missed analysts&#8217; expectations on revenue while exceeding expectations on earnings per share, <a href="https://finance.yahoo.com/news/microsoft-earnings-beat-expectations-cloud-growth-continues-to-slow-211118944.html">according to Yahoo Finance</a>.</p>
  35. <p>Following the news, shares of Microsoft were up more than 4%.</p>
  36. <p>According to Bloomberg, here ae the critical numbers vs. what analysts were expecting from the quarter:</p>
  37. <ul class="caas-list caas-list-bullet">
  38. <li><strong>Revenue: </strong>$52.7 billion vs. $52.9 billion expected</li>
  39. <li><strong>Adjusted EPS:</strong> $2.32 vs. $2.30 expected</li>
  40. <li><strong>Productivity and Business processes: </strong>$17 billion vs. $16.8 billion expected</li>
  41. <li><strong>Intelligent Cloud:</strong> $21.5 billion vs. $21.4 billion expected</li>
  42. <li><strong>More Personal Computing:</strong> $14.2 billion vs. $14.7 billion expected</li>
  43. </ul>
  44. <p style="font-weight: 400;">“The next major wave of computing is being born, as the Microsoft Cloud turns the world’s most advanced AI models into a new computing platform,” said Satya Nadella, chairman and chief executive officer of Microsoft. “We are committed to helping our customers use our platforms and tools to do more with less today and innovate for the future in the new era of AI.”</p>
  45. <p style="font-weight: 400;">“We are focused on operational excellence as we continue to invest to drive growth. Microsoft Cloud revenue was $27.1 billion, up 22% (up 29% in constant currency) year-over-year as our commercial offerings continue to drive value for our customers,” said Amy Hood, executive vice president and chief financial officer of Microsoft.</p>
  46. <table width="100%">
  47. <thead>
  48. <tr>
  49. <th style="font-weight: 400;" width="51%">&nbsp;</th>
  50. <th style="font-weight: 400;" colspan="5" width="48%"><b><strong>Three Months Ended December 31,</strong></b></th>
  51. <td style="font-weight: 400;" width="0%">&nbsp;</td>
  52. </tr>
  53. <tr>
  54. <th style="font-weight: 400;" colspan="2" width="51%"> ($ in millions, except per share amounts)</th>
  55. <th style="font-weight: 400;" width="12%"><b><strong>Revenue</strong></b></th>
  56. <th style="font-weight: 400;" width="12%"><b><strong>Operating Income</strong></b></th>
  57. <th style="font-weight: 400;" width="12%"><b><strong>Net Income</strong></b></th>
  58. <th style="font-weight: 400;" colspan="2" width="12%"><b><strong>Diluted Earnings per Share</strong></b></th>
  59. </tr>
  60. </thead>
  61. <tbody>
  62. <tr>
  63. <th style="font-weight: 400;" colspan="2" width="51%"><b><strong>2021 As Reported (GAAP)</strong></b></th>
  64. <td style="font-weight: 400;" width="12%"><b><strong>$51,728</strong></b></td>
  65. <td style="font-weight: 400;" width="12%"><b><strong>$22,247</strong></b></td>
  66. <td style="font-weight: 400;" width="12%"><b><strong>$18,765</strong></b></td>
  67. <td style="font-weight: 400;" colspan="2" width="12%"><b><strong>$2.48</strong></b></td>
  68. </tr>
  69. <tr>
  70. <th style="font-weight: 400;" colspan="2" width="51%"><b><strong>2022 As Reported (GAAP)</strong></b></th>
  71. <td style="font-weight: 400;" width="12%"><b><strong>$</strong></b><b><strong>52,747</strong></b></td>
  72. <td style="font-weight: 400;" width="12%"><b><strong>$20,399</strong></b></td>
  73. <td style="font-weight: 400;" width="12%"><b><strong>$16,425</strong></b></td>
  74. <td style="font-weight: 400;" colspan="2" width="12%"><b><strong>$2.20</strong></b></td>
  75. </tr>
  76. <tr>
  77. <th style="font-weight: 400;" colspan="2" width="51%">Severance, hardware-related impairment, and lease consolidation costs</th>
  78. <td style="font-weight: 400;" width="12%">&#8211;</td>
  79. <td style="font-weight: 400;" width="12%">1,171</td>
  80. <td style="font-weight: 400;" width="12%">946</td>
  81. <td style="font-weight: 400;" colspan="2" width="12%">0.12</td>
  82. </tr>
  83. <tr>
  84. <th style="font-weight: 400;" colspan="2" width="51%"><b><strong>2022 As Adjusted</strong></b></th>
  85. <td style="font-weight: 400;" width="12%"><b><strong>$</strong></b><b><strong>52,747</strong></b></td>
  86. <td style="font-weight: 400;" width="12%"><b><strong>$21,570</strong></b></td>
  87. <td style="font-weight: 400;" width="12%"><b><strong>$17,371</strong></b></td>
  88. <td style="font-weight: 400;" colspan="2" width="12%"><b><strong>$2.32</strong></b></td>
  89. </tr>
  90. <tr>
  91. <th style="font-weight: 400;" colspan="2" width="51%">Percentage Change Y/Y (GAAP)</th>
  92. <td style="font-weight: 400;" width="12%">2%</td>
  93. <td style="font-weight: 400;" width="12%">(8)%</td>
  94. <td style="font-weight: 400;" width="12%">(12)%</td>
  95. <td style="font-weight: 400;" colspan="2" width="12%">(11)%</td>
  96. </tr>
  97. <tr>
  98. <th style="font-weight: 400;" colspan="2" width="51%">Percentage Change Y/Y Constant Currency</th>
  99. <td style="font-weight: 400;" width="12%">7%</td>
  100. <td style="font-weight: 400;" width="12%">0%</td>
  101. <td style="font-weight: 400;" width="12%">(4)%</td>
  102. <td style="font-weight: 400;" colspan="2" width="12%">(3)%</td>
  103. </tr>
  104. <tr>
  105. <th style="font-weight: 400;" colspan="2" width="51%">Percentage Change Y/Y (As Adjusted)</th>
  106. <td style="font-weight: 400;" width="12%">2%</td>
  107. <td style="font-weight: 400;" width="12%">(3)%</td>
  108. <td style="font-weight: 400;" width="12%">(7)%</td>
  109. <td style="font-weight: 400;" colspan="2" width="12%">(6)%</td>
  110. </tr>
  111. <tr>
  112. <td style="font-weight: 400;" colspan="2" width="51%">Percentage Change Y/Y (As Adjusted) Constant Currency</td>
  113. <td style="font-weight: 400;" width="12%">7%</td>
  114. <td style="font-weight: 400;" width="12%">6%</td>
  115. <td style="font-weight: 400;" width="12%">1%</td>
  116. <td style="font-weight: 400;" colspan="2" width="12%">2%</td>
  117. </tr>
  118. <tr>
  119. <td style="font-weight: 400;" width="73"></td>
  120. <td style="font-weight: 400;" width="1"></td>
  121. <td style="font-weight: 400;" width="45"></td>
  122. <td style="font-weight: 400;" width="51"></td>
  123. <td style="font-weight: 400;" width="40"></td>
  124. <td style="font-weight: 400;" width="41"></td>
  125. <td style="font-weight: 400;" width="2"></td>
  126. </tr>
  127. </tbody>
  128. </table>
  129. <p style="font-weight: 400;"><b><strong> </strong></b></p>
  130. ]]></content:encoded>
  134. </item>
  135. <item>
  136. <title>US Justice Department Suing Google</title>
  137. <link>https://bankaholics.com/2023/01/24/us-justice-department-suing-google/</link>
  139. <dc:creator><![CDATA[Anthony]]></dc:creator>
  140. <pubDate>Tue, 24 Jan 2023 21:57:05 +0000</pubDate>
  141. <category><![CDATA[Business]]></category>
  142. <category><![CDATA[Market]]></category>
  143. <category><![CDATA[News]]></category>
  144. <category><![CDATA[Google]]></category>
  145. <category><![CDATA[US Justice Department]]></category>
  146. <guid isPermaLink="false">https://loansonline1.com/?p=75</guid>
  147.  
  148. <description><![CDATA[The United States Justice of Justice, along with eight states, have officially filed an antitrust lawsuit against Google on Tuesday that seeks to breakup the company&#8217;s online ad business, and comes more than two years following another suit against the search engine company. The suit from two years ago came from the agency and a [&#8230;]]]></description>
  149. <content:encoded><![CDATA[<p>The United States Justice of Justice, along with eight states, have officially filed an antitrust lawsuit against Google on Tuesday that seeks to breakup the company&#8217;s online ad business, and comes more than two years following another suit against the search engine company.</p>
  150. <p>The suit from two years ago came from the agency and a group of state attorney generals that alleged that  Google&#8217;s search and search advertising businesses violate U.S. antitrust laws, and now the Justice Department’s alleges that Google&#8217;s suite of online advertising tools prevents competitors from entering the online advertising market, as well as blocking publishers from monetizing their own content</p>
  151. <p><a href="https://finance.yahoo.com/news/justice-department-sues-google-to-break-up-its-advertising-empire-180708969.html">According to Yahoo Finance</a>, the DOJ says that Google is illegally using, or trying to use, its monopoly power, and the company should be required to divest a host of entities that allow it to carry out the allegedly offending behavior.</p>
  152. <p>&#8220;Google’s anticompetitive behavior has raised barriers to entry to artificially high levels, forced key competitors to abandon the market for ad tech tools, dissuaded potential competitors from joining the market, and left Google’s few remaining competitors marginalized and unfairly disadvantaged,&#8221; the complaint details, per the report.</p>
  153. <p>&#8220;Google has thwarted meaningful competition and deterred innovation in the digital advertising industry, taken supra-competitive profits for itself, and prevented the free market from functioning fairly to support the interests of the advertisers and publishers who make today’s powerful internet possible.&#8221;</p>
  154. ]]></content:encoded>
  158. </item>
  159. <item>
  160. <title>Bitcoin On Pace for Best Month Since October 2021</title>
  161. <link>https://bankaholics.com/2023/01/24/bitcoin-on-pace-for-best-month-since-october-2021/</link>
  163. <dc:creator><![CDATA[Anthony]]></dc:creator>
  164. <pubDate>Tue, 24 Jan 2023 21:41:22 +0000</pubDate>
  165. <category><![CDATA[News]]></category>
  166. <category><![CDATA[Stocks]]></category>
  167. <category><![CDATA[Bitcoin]]></category>
  168. <guid isPermaLink="false">https://loansonline1.com/?p=73</guid>
  169.  
  170. <description><![CDATA[Bitcoin is seeing a major rally of more than 37% since the beginning of the new year and is currently on pace to have it&#8217;s best monthly return in quite some time, since October 2021, according to Yahoo Finance. With current changing hands at $23,000, Bitcoin is trading at it&#8217;s highest level since August of [&#8230;]]]></description>
  171. <content:encoded><![CDATA[<p>Bitcoin is seeing a major rally of more than 37% since the beginning of the new year and is currently on pace to have it&#8217;s best monthly return in quite some time, since October 2021, <a href="https://finance.yahoo.com/news/bitcoin-on-pace-for-best-month-since-october-2021-as-traders-eye-25000-184023247.html">according to Yahoo Finance</a>.</p>
  172. <p>With current changing hands at $23,000, Bitcoin is trading at it&#8217;s highest level since August of last year, per the Yahoo Finance report, with trading volume seeing a marked leap as it jumped 82% to $1.15 trillion</p>
  173. <p>The total market capitalization for cryptocurrencies is up 24% to $1.04 trillion according to Coinmarketcap, and globally crypto spot trading volume has risen 64% to $4 trillion over the same period, <a href="https://nomics.com/exchanges?label=spot">according to Nomics</a>.</p>
  174. ]]></content:encoded>
  178. </item>
  179. <item>
  180. <title>JPMorgan Shuts Down Website It Bought for $175 Million</title>
  181. <link>https://bankaholics.com/2023/01/12/jpmorgan-shuts-down-website-it-bought-for-175-million/</link>
  183. <dc:creator><![CDATA[Anthony]]></dc:creator>
  184. <pubDate>Thu, 12 Jan 2023 17:30:45 +0000</pubDate>
  185. <category><![CDATA[Business]]></category>
  186. <category><![CDATA[News]]></category>
  187. <category><![CDATA[JPMorgan]]></category>
  188. <guid isPermaLink="false">https://loansonline1.com/?p=69</guid>
  189.  
  190. <description><![CDATA[JPMorgan has officially shut down their college financial aid platform that it purchased for $175 million after the company alleged that their founder created nearly 4 million fake customer accounts, according to CNBC. The company acquired the platform, Frank, back in September 2021 as it looked to deepen their relationships with college students, touting the [&#8230;]]]></description>
  191. <content:encoded><![CDATA[<p>JPMorgan has officially shut down their college financial aid platform that it purchased for $175 million after the company alleged that their founder created nearly 4 million fake customer accounts, <a href="https://www.cnbc.com/2023/01/12/jpmorgan-chase-shutters-student-financial-aid-website-frank.html">according to CNBC</a>.</p>
  192. <p>The company acquired the platform, Frank, back in September 2021 as it looked to deepen their relationships with college students, touting the platform as the “fastest-growing college financial planning platform” used by more than 5 million students at 6,000 institutions.</p>
  193. <p>JPMorgan said it learned the truth after sending out marketing emails to a batch of 400,000 Frank customers, with about 70% of those emails kicking back, according to an official lawsuit filed in federal court last month (via <a href="https://www.bloomberg.com/news/articles/2023-01-11/jpmorgan-says-it-was-defrauded-in-175-million-frank-acquisition">Bloomberg</a>).</p>
  194. ]]></content:encoded>
  198. </item>
  199. <item>
  200. <title>Bitcoin Leaps Above $18,000, Highest Level In a Month</title>
  201. <link>https://bankaholics.com/2023/01/12/bitcoin-leaps-above-18000-highest-level-in-a-month/</link>
  203. <dc:creator><![CDATA[Anthony]]></dc:creator>
  204. <pubDate>Thu, 12 Jan 2023 17:26:41 +0000</pubDate>
  205. <category><![CDATA[News]]></category>
  206. <category><![CDATA[Stocks]]></category>
  207. <category><![CDATA[Bitcoin]]></category>
  208. <guid isPermaLink="false">https://loansonline1.com/?p=66</guid>
  209.  
  210. <description><![CDATA[Bitcoin, which is the world&#8217;s largest digital currency, surged to its highest price in nearly a month on Thursday as traders are hedging their bets on the stock in hopes that a United States inflation cooldown. Additionally, news hit that defunct crypto exchange FTX have found billions of dollars worth of assets, and Bitcoin is [&#8230;]]]></description>
  211. <content:encoded><![CDATA[<p>Bitcoin, which is the world&#8217;s largest digital currency, surged to its highest price in nearly a month on Thursday as traders are hedging their bets on the stock in hopes that a United States inflation cooldown.</p>
  212. <p>Additionally, news hit that defunct crypto exchange FTX have found billions of dollars worth of assets, and Bitcoin is celebrating for hitting $18,000 for the first time since December 14th, reaching an increase in value of 4% in the last 24 hours.</p>
  213. <p>According to CoinMetrics, Bitcoin was last trading at $18,232.36 and Bitcoin is down about 74% from its November 2021 all-time high of $68,990.</p>
  214. ]]></content:encoded>
  218. </item>
  219. <item>
  220. <title>Bed Bath &#038; Beyond Jumps 68% in Rally</title>
  221. <link>https://bankaholics.com/2023/01/12/bed-bath-beyond-jumps-68-in-rally/</link>
  223. <dc:creator><![CDATA[Anthony]]></dc:creator>
  224. <pubDate>Thu, 12 Jan 2023 17:23:14 +0000</pubDate>
  225. <category><![CDATA[News]]></category>
  226. <category><![CDATA[Stocks]]></category>
  227. <category><![CDATA[Bed Bath & Beyond]]></category>
  228. <guid isPermaLink="false">https://loansonline1.com/?p=64</guid>
  229.  
  230. <description><![CDATA[Bed Bath &#38; Beyond is making a rally on the stock market, jumping 68.6% to lead a day of interesting trends on Wednesday that included the likes of GameStop climbing more than 7% and AMC Entertainment jumping over 21%. MEME STOCKS RALLYING ONE MORE TIME STOCK SHORT INTEREST % FLOAT WED. GAIN % OFF 52W [&#8230;]]]></description>
  231. <content:encoded><![CDATA[<p>Bed Bath &amp; Beyond is making a rally on the stock market, jumping 68.6% to lead a day of interesting trends on Wednesday that included the likes of GameStop climbing more than 7% and AMC Entertainment jumping over 21%.</p>
  232. <section class="TableHeader-container" data-test="TableHeader">
  233. <h3 class="TableHeader-themeTitle TableHeader-title">MEME STOCKS RALLYING ONE MORE TIME</h3>
  234. </section>
  235. <div>
  236. <div class="BasicTable-basicTable" data-test="BasicTable">
  237. <div class="BasicTable-tableWrapper">
  238. <div class="BasicTable-articleContainer">
  239. <table class="BasicTable-table">
  240. <thead class="BasicTable-tableHeading BasicTable-tableHeadingSortable">
  241. <tr>
  242. <th class="BasicTable-textData">STOCK</th>
  243. <th class="BasicTable-numData">SHORT INTEREST % FLOAT</th>
  244. <th class="BasicTable-numData">WED. GAIN</th>
  245. <th class="BasicTable-numData">% OFF 52W HIGH</th>
  246. </tr>
  247. </thead>
  248. <tbody class="BasicTable-tableBody">
  249. <tr valign="middle">
  250. <td class="BasicTable-textData">BED BATH &amp; BEYOND (BBBY)</td>
  251. <td class="BasicTable-numData">48.9%</td>
  252. <td class="BasicTable-numData">68%</td>
  253. <td class="BasicTable-numData">-88%</td>
  254. </tr>
  255. <tr valign="middle">
  256. <td class="BasicTable-textData">AMC (AMC)</td>
  257. <td class="BasicTable-numData">21%</td>
  258. <td class="BasicTable-numData">21%</td>
  259. <td class="BasicTable-numData">-77%</td>
  260. </tr>
  261. <tr valign="middle">
  262. <td class="BasicTable-textData">GAMESTOP (GME)</td>
  263. <td class="BasicTable-numData">21%</td>
  264. <td class="BasicTable-numData">7%</td>
  265. <td class="BasicTable-numData">-62%</td>
  266. </tr>
  267. </tbody>
  268. </table>
  269. </div>
  270. </div>
  271. <div>
  272. <i>Source: FactSet</i></div>
  273. </div>
  274. <div>
  275. The Bed Bath &amp; Beyond rally was likely triggered due to headlines that it was set to lay off more employees and shut down locations as the company attempts to reduce their costs so that they can stay in business.</div>
  276. </div>
  277. <div></div>
  278. <div>That news came on the heels of some <a href="https://loansonline1.com/2023/01/09/bed-bath-beyond-warns-it-may-file-for-bankruptcy/">poor fiscal third-quarter results</a> and talk that the company is approaching a potential bankruptcy as its sales decline and losses grow.</div>
  279. <div></div>
  280. <div>According to S3 Partners, about 48% of Bed Bath &amp; Beyond’s float shares are sold short, compared with an average of 5% short interest in a typical United States stock.</div>
  281. ]]></content:encoded>
  285. </item>
  286. <item>
  287. <title>Wells Fargo Stepping Back From the Housing Market</title>
  288. <link>https://bankaholics.com/2023/01/12/wells-fargo-stepping-back-from-the-housing-market/</link>
  290. <dc:creator><![CDATA[Anthony]]></dc:creator>
  291. <pubDate>Thu, 12 Jan 2023 17:18:35 +0000</pubDate>
  292. <category><![CDATA[Market]]></category>
  293. <category><![CDATA[News]]></category>
  294. <category><![CDATA[Rocket Mortgage]]></category>
  295. <category><![CDATA[Wells Fargo]]></category>
  296. <guid isPermaLink="false">https://loansonline1.com/?p=61</guid>
  297.  
  298. <description><![CDATA[Once the number one player in the market, Wells Fargo s stepping back from the multitrillion-dollar housing market in the United States a lending market that has essentially collapsed over the last year, according to CNBC. The market dip since the Federal Reserve began raising rates in 2022 as well as questions about the long-term [&#8230;]]]></description>
  299. <content:encoded><![CDATA[<p>Once the number one player in the market, Wells Fargo s stepping back from the multitrillion-dollar housing market in the United States a lending market that has essentially collapsed over the last year, <a href="https://www.cnbc.com/2023/01/10/wells-fargo-once-the-no-1-player-in-mortgages-is-stepping-back-from-the-housing-market.html">according to CNBC</a>.</p>
  300. <p>The market dip since the Federal Reserve began raising rates in 2022 as well as questions about the long-term profitability of the business led to the decision to step back from the market, consumer lending chief <a href="https://www.wellsfargo.com/about/corporate/governance/santos/" target="_blank" rel="noopener">Kleber Santos</a> said.</p>
  301. <p>“We are acutely aware of Wells Fargo’s history since 2016 and the work we need to do to restore public confidence,” Santos said, via CNBC. “As part of that review, we determined that our home-lending business was too large, both in terms of overall size and its scope.”</p>
  302. <div class="group">
  303. <p>Wells Fargo is the third-biggest mortgage lender after Rocket Mortgage and United Wholesale Mortgage.</p>
  304. </div>
  305. ]]></content:encoded>
  309. </item>
  310. <item>
  311. <title>Experts Say Tesla Stock Now &#8216;Officially Oversold&#8217;</title>
  312. <link>https://bankaholics.com/2023/01/11/experts-say-tesla-stock-now-officially-oversold/</link>
  314. <dc:creator><![CDATA[Anthony]]></dc:creator>
  315. <pubDate>Wed, 11 Jan 2023 20:10:47 +0000</pubDate>
  316. <category><![CDATA[Market]]></category>
  317. <category><![CDATA[News]]></category>
  318. <category><![CDATA[Stocks]]></category>
  319. <category><![CDATA[Tesla Stock]]></category>
  320. <guid isPermaLink="false">https://loansonline1.com/?p=58</guid>
  321.  
  322. <description><![CDATA[Fundstrat Managing Director Mark Newton believes that the Tesla stock is now &#8220;officially oversold&#8221; as the stock has been beaten down, but some believe there is at least one big move left in the stock. Tesla stock is up 10% so far in 2023 following the stock taking a 65% plunge in 2022. &#8220;Tesla is [&#8230;]]]></description>
  323. <content:encoded><![CDATA[<p>Fundstrat Managing Director Mark Newton believes that the Tesla stock is now &#8220;officially oversold&#8221; as the stock has been beaten down, but some believe there is at least one big move left in the stock.</p>
  324. <p>Tesla stock is up 10% so far in 2023 following the stock taking a 65% plunge in 2022.</p>
  325. <p>&#8220;Tesla is now officially oversold,&#8221; Newton said during an <a href="https://finance.yahoo.com/videos">appearance on Yahoo Finance Live</a>. &#8220;I&#8217;m looking right down under $100 right before Tesla&#8217;s earnings happen right towards the end of the month, and that&#8217;s when a lot of my own cycles start to show the chance for a bottom. We could bottom and start to rally into the spring.&#8221;</p>
  326. <p>With analysts pointing to the risk of operational miscues at Tesla has grown as Elon Musk continues to focus on his new portfolio company Twitter, concerns remain around manufacturing issues and the pace of sales for Tesla in China amid COVID related policies, and the intensified competitive landscape in the EV space could all slow growth for Tesla not only this year, but also beyond 2023.</p>
  327. ]]></content:encoded>
  331. </item>
  332. <item>
  333. <title>WWE Stock Falls Following Saudi Arabia Public Investment Fund Sale Rumors Denied</title>
  334. <link>https://bankaholics.com/2023/01/11/wwe-stock-falls-following-saudi-arabia-public-investment-fund-sale-rumors-denied/</link>
  336. <dc:creator><![CDATA[Anthony]]></dc:creator>
  337. <pubDate>Wed, 11 Jan 2023 19:23:10 +0000</pubDate>
  338. <category><![CDATA[News]]></category>
  339. <category><![CDATA[Stocks]]></category>
  340. <category><![CDATA[WWE]]></category>
  341. <category><![CDATA[WWE Stock]]></category>
  342. <guid isPermaLink="false">https://loansonline1.com/?p=55</guid>
  343.  
  344. <description><![CDATA[News circulated over the past 24 hours that World Wrestling Entertainment (WWE) was in the process of finalizing a sale to the Saudi Arabia’s Public Investment Fund (PIF), but has since been denied. DAZN&#8217;s Steven Muehlhausen made the report early on Wednesday, but the report has since been shot down and the original tweet with [&#8230;]]]></description>
  345. <content:encoded><![CDATA[<p>News circulated over the past 24 hours that World Wrestling Entertainment (WWE) was in the process of finalizing a sale to the Saudi Arabia’s Public Investment Fund (PIF), but has since been denied.</p>
  346. <p>DAZN&#8217;s Steven Muehlhausen made the report early on Wednesday, but the report has since been shot down and the original tweet with the claims has been deleted, <a href="https://www.comingsoon.net/tv/news/1260108-vince-mcmahon-reportedly-sells-wwe-to-saudi-arabia-pif">according to a report from ComingSoon.net.</a></p>
  347. <p><a href="https://finance.yahoo.com/news/wwe-stock-falls-saudi-investment-fund-sale-rumors-denied-172440185.html?guccounter=1&amp;guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&amp;guce_referrer_sig=AQAAADk5xMyF1Ydq5RcPNuTENMCL4Ljlt5jHZAFedV0nZKyppVDx-MsJCSyrgo-kbwkEIeWvHYw-tKJe52jh_pheWd7Bn3qZ5oJaIKBUg_b7r-Gb2mx60vSP9IEBP3jSoylA3CyNgX2jt4C-dpX3uH6hSDr2PV8Vm8mShdfTMaREk1FY">According to Yahoo Finance</a>, a person familiar with the matter confirmed that WWE hasn&#8217;t sold itself to Saudi Arabia’s Public Investment Fund or another entity and that the sale process, which kicked off last week, remains ongoing.</p>
  348. <p>Naturally this impacted the market as WWE stock jumped as much as 7% after the early reports, but would sink following the rumors being dismissed.</p>
  349. ]]></content:encoded>
  353. </item>
  354. <item>
  355. <title>Morgan Stanley’s Jon Pruzan Exits Firm</title>
  356. <link>https://bankaholics.com/2023/01/09/morgan-stanleys-jon-pruzan-exits-firm/</link>
  358. <dc:creator><![CDATA[Anthony]]></dc:creator>
  359. <pubDate>Mon, 09 Jan 2023 20:49:47 +0000</pubDate>
  360. <category><![CDATA[Business]]></category>
  361. <category><![CDATA[News]]></category>
  362. <category><![CDATA[Jon Pruzan]]></category>
  363. <category><![CDATA[Morgan Stanley]]></category>
  364. <guid isPermaLink="false">https://loansonline1.com/?p=49</guid>
  365.  
  366. <description><![CDATA[Morgan Stanley&#8217;s Chief Operating Officer Jon Pruzan, who has been a longtime lieutenant to James Gorman and once considered a potential candidate to succeed him as chief executive officer is exiting the firm, according to Bloomberg. Pruzan is leaving at the end of the month which brings his 28-year tenure at the company, including a [&#8230;]]]></description>
  367. <content:encoded><![CDATA[<p>Morgan Stanley&#8217;s Chief Operating Officer Jon Pruzan, who has been a longtime lieutenant to James Gorman and once considered a potential candidate to succeed him as chief executive officer is exiting the firm, <a href="https://www.bloomberg.com/news/articles/2023-01-09/morgan-stanley-s-jon-pruzan-one-time-ceo-candidate-exits-firm">according to Bloomberg</a>.</p>
  368. <p>Pruzan is leaving at the end of the month which brings his 28-year tenure at the company, including a six-year sting at the chief financial officer, to a close as he plans to pursue other opportunities, according to Gorman.</p>
  369. <p>“He has been a trusted adviser to me for many years,” Gorman said in a message to staff Monday (via the report). Pruzan “has had a seat at the table and a voice in the decision-making process for many of the key decisions that the firm has made over the past decade.”</p>
  370. ]]></content:encoded>
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  379.  

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