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BusinessBloombergWall Street Banks Set For Bond Sales Spree After Earnings
(Bloomberg) -- Wall Street’s biggest banks are set to borrow more than they usually do after reporting second-quarter earnings, taking advantage of falling yields and tapping debt markets before the US presidential election potentially brings market turmoil later this year.Most Read from BloombergSaudis Warned G-7 Over Russia Seizures With Debt Sale ThreatModi’s Embrace of Putin Irks Biden Team Pushing Support for KyivArchegos’ Bill Hwang Convicted of Fraud, Market ManipulationBiden Aides to Mee
BusinessReutersBlock investors need more to gauge crypto unit's earnings potential, analysts say
Jack Dorsey-led payments technology firm Block could become a formidable player in the crypto mining industry, but Wall Street will need details on profit margins to gauge the earnings tailwind from this business, analysts said. Block inked its first large-scale crypto mining hardware pact on Wednesday, agreeing to supply its chips to bitcoin miner Core Scientific, but no financial details were disclosed. J.P. Morgan estimates the deal could fetch $225 million to $300 million for Block, but said it will need more information to evaluate the hardware business's long-term earnings potential.
BusinessStockStoryQ1 Earnings Outperformers: Vertiv (NYSE:VRT) And The Rest Of The Electrical Systems Stocks
Let's dig into the relative performance of Vertiv (NYSE:VRT) and its peers as we unravel the now-completed Q1 electrical systems earnings season.