Month: April 2021

FG Trade | E+ | Getty Images Company: Harmonic Inc. (HLIT) Business: Harmonic provides video delivery software, products, system solutions, and services worldwide. Its products enable customers to create, prepare, store, playout, and deliver a range of broadcast and streaming video services to consumer devices, including televisions, personal computers, laptops, tablets, and smart phones. The
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Take a look at some of the biggest movers in the premarket: Kimberly-Clark (KMB) – The consumer products company’s stock dropped 6.4% in premarket action after it reported weaker-than-expected profit and sales for its latest quarter and gave a full-year forecast that came in below Wall Street consensus. Kimberly-Clark said it faced a number of
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New York City rents continue to fall, according to a first-quarter report released today by StreetEasy.  Manhattan rents fell to $2,700 a month, the cheapest since 2010 for the Zillow-owned listing site. By comparison, the median asking rent in Manhattan was more than $3,400 in the first quarter of 2020, before the start of the
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Traders on the floor of the New York Stock Exchange. Source: NYSE The reopening story is now getting very real, at least for Wall Street. Today’s crop of earnings reports are chock-full of companies reporting earnings above expectations and, most importantly, raising guidance. Take steel maker Nucor, which reported what CEO Leon Topalian called the
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The first three months of 2021 saw the strongest quarter for Hamptons home sales in six years, continuing the trend of suburbs and rural vacation areas seeing record growth and a lack of inventory during the pandemic. There were 509 home sales in the Hamptons, up nearly 50% from 343 sales in the first quarter
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All of the fixed-income industry’s worst long-term performers recorded gains over all time horizons, with only one in the red so far in 2021. The 20 worst-performing bond funds of the past 15 years, with at least $100 million in assets under management, notched an average gain of nearly 1.5%, Morningstar Direct data show. Over
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Ballard Spahr LLP has hired four attorneys from White and Williams LLP known for their work in real estate and commercial finance, mergers and acquisitions, according to licensing and corporate counseling firm chair Mark Stewart. The four began Monday. Partner Maulin Vidwans and of counsel Jennifer Santangelo joined the firm’s finance department. Partner Ryan Udell
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Held twice a year in the spring and fall, the High Point Market is the world’s largest home furnishings trade show. 2,000 manufacturers from over 100 countries come to show their products in nearly 200 buildings encompassing 12.2 million square feet of showroom and exhibit space. Generating $6.73 billion annually, the scale of the show is dizzying, the largest economic event
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