Month: July 2022

Aggregate debt in Asia has risen sharply, according to an IMF expert who mentioned Laos, among others in Asia, as a country that could be at risk. The country is home to many Buddhist monuments, including the “Great Stupa,” seen here in a stock photo, the most important Buddhist monument located in Vientiane, the capital of Laos. Phoonsab Thevongsa | Moment | Getty Images According to Krishna Srinivasan of the International Monetary Fund, rising debt levels driven by inflation and tightening financial conditions across Asia are cause for concern. “If you look at the region’s debt, if you look at…

Ford overcame supply chain challenges to report higher vehicle sales and reaffirm its outlook for the year, but is “actively seeking” to offset costs as inflationary pressures mount. The automaker reported revenue of $40.2 billion in the second quarter, a 50% increase over the same period last year, thanks to a 35% increase in wholesale shipments of its vehicles . Analysts had expected $34.3 billion, according to a survey by Refinitiv. Net income rose about 19 percent from a year ago to $667 million, or 16 cents a share. The company’s earnings before interest and taxes were $3.7 billion, more…

Morgan Stanley is urging investors to hold off on putting their money to work in stocks despite the market jump following the Fed’s decision. Mike Wilson, the firm’s chief U.S. strategist and chief investment officer, said he believes Wall Street’s enthusiasm over the idea that interest rate hikes may slow earlier than expected is premature and problematic “The market always recovers once the Fed stops walking until the recession starts… [But] It is unlikely that there will be a large gap between the end of the Fed’s hiking campaign and the recession this time,” he said on CNBC’s “Fast Money”…

As CFO, LaBenne will lead LendingClub’s finance organization and finance activities, including accounting, financial planning and analysis, treasury, tax and investor relations. “Drew has extensive commercial and retail banking experience at some of the largest and most respected banks in the world. He is also fully aligned with the many ways we can use technology to deliver better outcomes for consumers in managing their money.” he said. LendingClub CEO, Scott Sanborn. “His insight and experience make him uniquely qualified to help lead LendingClub as we combine the innovation of a fintech with the operational discipline of a digital bank.” Mr….

THE ANGELS–(BUSINESS THREAD)–The Trade Desk, Inc. (NASDAQ: TTD), a provider of a global technology platform for advertising buyers, today announced that it will release financial results for the second quarter ended June 30, 2022 after the market closes on Tuesday. , August 9, 2022. The Trade Desk will host a webcast and conference call to discuss the second quarter financial results at 2:00 PM Pacific Time. Webcast and conference call details When: August 9, 2022 at 2:00 PM Pacific Time (5:00 PM Eastern Time). Webcast: A live webcast of the call can be accessed from the Investor Relations section of…

Stocks rallied late Wednesday, hitting session highs after the Federal Reserve raised interest rates by 0.75 percent and Federal Reserve Chairman Jerome Powell signaled the central bank could slow the rate of its rise cycle. The tech-heavy Nasdaq rose 4% in the session, posting its best gain in more than two years. Here are five trending tickers on Yahoo Finance: When (WHEN): The company reported second-quarter earnings after the bell on Wednesday, missing Wall Street expectations on both the top and bottom lines. Meta reported sales of $28.82 billion, its first year-over-year revenue decline. EPS of $2.46 was below Street…