U.S. watchdog says it found unacceptable problems with Chinese company audits

Apparently hundreds of companies are about to be de-listed.

Original Source:

https://www.reuters.com/markets/us-watchdog-says-it-found-unacceptable-problems-with-chinese-company-audits-2023-05-10/

WASHINGTON, May 10 (Reuters) - A U.S. accounting watchdog found unacceptable deficiencie

Paramount cutting 25% of workforce and shutting down MTV News after disastrous earnings

Bloomberg:

"Paramount Global, looking to reduce costs as it copes with a loss of traditional TV viewers, is letting go of about 25% of the staff in its domestic cable networks and shutting down MTV News after four decades on the air.

Employees are being notified Tuesday, the company said in a statement. Paramount is combining nine separate teams into one. It had already announced plans to merge its Showtime and MTV studios

Despite subsc

Activision ATVI / Microsoft acquisition play

Rumors that the EU may approve the acquisition next week broke today on some reputable news sites ( https://www.reuters.com/markets/deals/eu-decision-clearing-69-bln-microsoft-activision-deal-expected-may-15-sources-2023-05-10/ ) and the stock has not jumped. There was a rumor from the NY Post (

Are there any companies whose missions excite you enough to invest on "goodwill" alone?

I understand "investing" without a financial thesis is basically gambling or donating.

With that said, are there any companies that excite you to the point that you'd commit some funding solely as a means of supporting their missions?

It might just be a small $ amount, but I like the idea of having some skin in the game, just to keep them on my radar.

An example for me:

Ginkgo Bioworks - The applications of synthetic

MSFT freezes salaries for FTE's

https://finance.yahoo.com/news/1-microsoft-not-employees-salary-163656834.html

According to an internal email MSFT will not give salary increases to FTE's this year and has made it harder to get higher bonuses and stock awards. This basically reverses the salary bump they offered to FTE's last year. The move was likely taken to stave off fu

ABNB Earnings (-11%) profitable quarter but weak guidance

Airbnb is increasing its focus on lowering prices through new tools for hosts as the company faces slowing demand growth, Morgan Stanley said Wednesday in a note.

The company reported Q1 diluted earnings late Tuesday of $0.18 per share, compared with a loss of $0.03 a year earlier. Revenue for the quarter that ended March 31 was $1.82 billion, up from $1.51 billion a year earlier.

Morgan Stanley said the company's Q2 room night guidance for gro

(5/10) Wednesday's Pre-Market Stock Movers & News

Good morning traders and investors of the r/stocks sub! Welcome to the new trading day and a fresh start! Here are your pre-market stock movers & news on this Wednesday, May the 10th, 2023-


Stock futures slip ahead of key inflation report: Live updates


Stock futures fell slightly Wednesday as Wall Street braced

European stocks and double taxation

I am from Croatia and I have bought and received a dividend from a german stock.

I have realized that tge witholding TAX is 26% even though Croatia and Germany have a TAX treaty and I should be taxed 15%.

I have contected IBKR and they have basically told me that there is nothing I can do about it.

This is the response I got from IBKR support:

''' For Non-US products, we request you to kindly refer to the prospectus of the

April Consumer Price Index forecast

The April Consumer Price Index (CPI) data will be released, which is the first inflation data since the last interest rate hike in May. The market is watching to see if the rate of inflation is decreasing as expected. Currently, the median estimate among major banks is 5%. The numbers listed here are the CPI estimates from various banks and financial institutions.

JP MORGAN 4.9%

SCOTIABANK 4.9%

NOMURA 4.9%

BARCLAYS 5%

BLOOMBERG

Electronic Arts EA share price rises despite earnings miss?

Hi all, just been following EA’s earnings session and despite a loss per share of $0.4 well under expectations, and as far as I can tell, no exceptionally positive guidance for FY 2023, their share price has risen 4%. They did beat revenue expectations and saw YoY sales growth of 11% but this seems negligible in the face of such a massive miss on earnings. Does anyone have any insight into the markets reaction to this? I couldn’t see any one off expenses on thei


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