This week saw four companies file for IPOs including family-owned trucker Schneider National (SNDR), packaging film manufacturer Kl枚ckner Pentaplast (KP), E&P Jagged Peak Energy (JAG), and SPAC FinTech Acquisition II (FNTEU). There were no pricings this week and there is nothing on the calendar for the remainder of the year.
Schneider National (SNDR), a leading US trucking company,....more>>>
The dollar shot higher Wednesday, with the dollar index hitting 13-year highs, after the Federal Reserve raised its key lending rate by a quarter-percentage point and upgraded its outlook for the next year.
Members of the Federal Open Market Committee voted unanimously to raise rates, while the Feds so-called dot plot showed the central bank has now penciled in three rate hikes in 2017 instead....more>>>
Microsoft Corp. (NASDAQ: MSFT) reported fiscal first-quarter financial results after markets closed on Thursday. The company posted $0.76 in earnings per share (EPS) and $22.3 billion in revenue. There were consensus estimates from Thomson Reuters that called for $0.68 in EPS on $21.71 billion in revenue. The same period from last year had $0.67 in EPS on $21.66 billion in revenue.
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