2

Team Tiger Financial Advisors

 

 

A look at the day ahead in U.S. and global markets from Mike Dolan

The selloff in Wall Street stocks is starting to snowball as even megacap tech beats get batted away by a fresh wave of bond market turbulence and Middle East tension.

Even though Facebook parent Meta (META.O) beat expectations for third-quarter profits and revenue and a 2024 outlook, its stock dropped almost 4% out of hours as it suggested the conflict in Israel and Gaza could dampen fourth-quarter sales.

 

 

MILAN, Oct 26 (Reuters) - Mediobanca (MDBI.MI) posted its best-ever quarterly profit on Thursday, ahead of a key shareholder vote to name the Italian bank's new board and hand Chief Executive Alberto Nagel a new three-year mandate.

Net profit rose 34% year-on-year to 351 million euros ($370 million) in the three months through September, beating a bank-provided analyst consensus of 315 million euros, thanks to contributions from wealth management and insurance.

 

 

A look at the day ahead in U.S. and global markets from Mike Dolan

The selloff in Wall Street stocks is starting to snowball as even megacap tech beats get batted away by a fresh wave of bond market turbulence and Middle East tension.

Even though Facebook parent Meta (META.O) beat expectations for third-quarter profits and revenue and a 2024 outlook, its stock dropped almost 4% out of hours as it suggested the conflict in Israel and Gaza could dampen fourth-quarter sales.