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FIS plans to pursue a tax-free spin-off of its merchant business, which processes payments for companies, the sources said. The spin-off will take many months to be completed, and FIS will also entertain any acquisition offers for the unit during this period, the sources added. Much of FIS's merchant business consists of Worldpay, which it bought for $43 billion in 2019. The sources cautioned that no transaction is certain and asked not to be identified discussing confidential deliberations. Merchant solutions makes up about 30% of the company's revenue, while its banking solutions arm constitutes about 46%, and capital market solutions the remainder.

With a majority of S & P 500 companies having posted their quarterly results, investors' focus will turn toward inflation and the consumer price index reading in the upcoming week. The three major indexes are on pace to end the week down, with the S & P 500 poised to post its worst performance since December. Sharp declines for Alphabet , which is off by more than 9% this week, dragged the tech-heavy index. January's consumer price index With the latest Powell speech in the books, investors are now looking ahead to the consumer price index for insight into the pace of inflation. "Retail sales and CPI is really driven by the consumer, and a lot of eyes are on how the consumer doing," Bruno said.

☆ ChatGPT ignited a new A.I. craze. What it means for tech companies and who's best positioned to benefit
▼ + stars: | 2023-02-04 | by ( Samantha Subin | ) www.cnbc.com time to read: +8 min

Since the launch of ChatGPT late last year, no one in the tech world can seem to stop talking about artificial intelligence. CEO Sundar Pichai announced Thursday that the company will launch its LaMDA language model and new AI features "very soon ." But it's not just technology companies rethinking AI. We combed through earnings transcripts available through FactSet to find out what some of the biggest tech companies are saying about the latest craze and who could benefit the most. Preparing for an 'AI arms race' in tech There's no question that Microsoft stands to gain from ChatGPT and the AI push on Wall Street.

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☆ This week's best performers include Tesla and this bank stock
▼ + stars: | 2023-01-20 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

Financial stocks and some beaten-up technology stocks staged a rally this week even as the major averages headed for a week of losses. Financial stocks were a major bright spot in the market this week, with SVB Financial Group reigning as the top performer. About half of Wall Street analysts say shares are a buy, although the consensus price target suggests limited upside for shares near term. That included shares of Signature Bank and M & T Bank, which rose 4.8% and 4.5%, respectively, after posting earnings results. The average price target suggest shares stand to gain nearly 64% after they shed 65% in 2022.

☆ Don’t Write Off Low-Key Payments Giant FIS
▼ + stars: | 2023-01-05 | by ( Telis Demos | ) www.wsj.com time to read: 1 min

Fidelity National Information Services might not be a household name, but investors might want to get to know it this year. The company’s software and services are part of many everyday financial activities, like checking your bank-account balance or paying with a card at big merchants. Known as FIS, its shares performed relatively steadily as the pandemic began. But changes in the payments landscape in recent years have caused growth and margins to come under pressure in the company’s merchant-payments business, helping to make the stock a laggard to many peers in 2022.

☆ Media mogul Bloomberg eyes Dow Jones or Washington Post acquisition, no talks yet
▼ + stars: | 2022-12-23 | by ( ) www.reuters.com time to read: +3 min

According to the Axios report, Bloomberg sees News Corp-owned (NWSA.O) Dow Jones, also the publisher of Barron's and MarketWatch, as the ideal fit but would buy the Post if Amazon.com Inc (AMZN.O) founder Jeff Bezos was interested in selling. Bloomberg L.P., the Washington Post and Dow Jones did not immediately respond to Reuters' requests for comment. "The transaction would be challenged only if the resulting choices leave insufficient competition in the market for either users or suppliers. In October, Rupert Murdoch had started a process that could reunite his media empire, News Corp and Fox Corp (FOXA.O), nearly a decade after the companies split. Reuters competes with Bloomberg News, a unit of Bloomberg L.P., as a provider of financial news.

A spokesperson for the Washington Post, which Bezos bought in 2013 for $250 million, said it is not for sale. "A Bloomberg acquisition of the (Post) is not necessarily just a business decision. According to Axios, Bloomberg sees Dow Jones, also the publisher of Barron's and MarketWatch, as the ideal fit but would buy the Post if Bezos was interested in selling. Dow Jones did not immediately respond to Reuters' request for comment. Reuters competes with Dow Jones and Bloomberg News, a unit of Bloomberg L.P., a provider of financial news.

☆ Fidelity National agrees review, adds director after D.E. Shaw pressure
▼ + stars: | 2022-12-15 | by ( Svea Herbst-Bayliss | ) www.reuters.com time to read: +2 min

NEW YORK, Dec 15 (Reuters) - Fidelity National Information Services (FIS.N) said on Thursday that it will undertake a strategic review and add a new director to its board after pressure from hedge fund D.E. Ferris and the board will lead the review which will evaluate the company's business structures and portfolio of assets as well as focus on cutting costs and improving margins. Ferris had been FIS president where she led the integration of Worldpay and steered the company's global business strategy. FIS said on Thursday it had now appointed Jeffrey Goldstein, currently lead independent director, as independent chairman instead. Shaw's calls for a strategic review that could help boost the share price, the company said.

☆ U.S. trade deficit widens as goods exports hit seven-month low
▼ + stars: | 2022-12-06 | by ( Lucia Mutikani | ) www.reuters.com time to read: +5 min

The trade deficit increased 5.4% to $78.2 billion. Surveys from the Institute for Supply Management this month showed measures of manufacturing and services exports stuck in contraction territory in November. But consumer goods imports dropped, pulled down by cell phones and other household goods as well as toys, games and sporting goods. The overall decline in consumer goods imports is in line with slowing demand for goods because of higher borrowing costs. Adjusted for inflation, the goods deficit increased $8.3 billion to $112.6 billion in October.

☆ Weak U.S. goods exports weigh on trade deficit
▼ + stars: | 2022-12-06 | by ( Lucia Mutikani | ) www.reuters.com time to read: +4 min

The trade deficit increased 5.4% to $78.2 billion, the Commerce Department said on Tuesday. The second straight monthly widening in the trade gap was partly driven by a shift in pharmaceutical products trade, with exports of these goods falling sharply and imports surging. But consumer goods imports dropped, pulled down by cell phones and other household goods as well as toys, games and sporting goods. Adjusted for inflation, the goods deficit increased $8.3 billion to $112.6 billion in October. A smaller trade deficit was one of the main factors behind the rebound in U.S. economic growth in the third quarter.

☆ Private hiring increased by just 127,000 jobs in November, well below estimate, ADP reports
▼ + stars: | 2022-11-30 | by ( Jeff Cox | ) www.cnbc.com time to read: +2 min

Companies added just 127,000 positions for the month, a steep reduction from the 239,000 the firm reported for October and well below the Dow Jones estimate for 190,000. The ADP report comes two days before the Labor Department releases its more closely watched nonfarm payrolls count. In the ADP report, the biggest sector gainer by far was leisure and hospitality, which saw an increase of 224,000. Goods-producing industries overall saw a decline of 86,000 jobs, while services firms added 213,000 on net. From a size standpoint, all of the job creation came from companies that employ 50-499 workers, a sector that added 246,000 jobs.

☆ Cyber Insurers Turn Attention to Catastrophic Hacks
▼ + stars: | 2022-11-28 | by ( James Rundle | ) www.wsj.com time to read: +5 min

While cyber insurance has evolved significantly in recent years, insurers say they might still be unprepared for the fallout from a catastrophic cyberattack. “I think it’s important we stress that the insurance industry has not had a catastrophic event,” said John Coletti, head of cyber reinsurance at Swiss Re. “We have hundreds of years of history of understanding that risk,” Mr. Tiernan said. Part of the challenge for modeling cyber catastrophes is that historical data simply doesn’t exist to produce accurate models, Mr. Tiernan said. “We probably need to pay a little more attention to the assumptions that underpin them.”Write to James Rundle at james.rundle@wsj.com

☆ Japan's Sept machinery orders unexpectedly fall, raising capex concerns
▼ + stars: | 2022-11-16 | by ( Kaori Kaneko | ) www.reuters.com time to read: +2 min

TOKYO (Reuters) -Japan’s machinery orders unexpectedly fell in September in a sign the global economic slowdown and higher import costs are weighing on firms’ capital spending plans. Compared with a year earlier, core orders, which exclude volatile numbers from shipping and electric utilities, grew 2.9% in September, the data found. Manufacturers surveyed by the Cabinet Office are expecting core orders to rise 3.6% in October-December, after a 1.6% drop in the previous quarter. The government downgraded its view on machinery orders for the first time since February, saying the recovery is stalling. The machinery orders data comes a day after figures showed Japan’s economy unexpectedly shrank in the third quarter.

☆ Baupost’s Seth Klarman slashes Amazon and Alphabet stakes, picks up a car dealership stock
▼ + stars: | 2022-11-15 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

Baupost's Seth Klarman cut his holdings in Amazon and Google-parent Alphabet dramatically last quarter, while picking up a few stocks in the volatile market, a new filing showed. The longtime value investor reduced his stakes in Alphabet and Amazon by nearly 60% each, according to Baupost's latest 13F filing with the Securities and Exchange Commission. Klarman also exited his position in Intel last quarter. Alphabet and Intel had been among Baupost's top 10 holdings at the end of the second quarter. Technology stocks have borne the brunt of this year's market sell-off as rising rates dented the appeal of growth-oriented names.

☆ Before his epic fall, Sam Bankman-Fried was hailed as a crypto genius. Some clients saw smoke and mirrors.
▼ + stars: | 2022-11-11 | by ( Gretchen Morgenson | Gretchen Morgenson Is The Senior Financial Reporter For The Nbc News Investigative Unit. A Former Stockbroker | She Won The Pulitzer Prize In For Her | ) www.nbcnews.com time to read: +14 min

Until a few days ago, Sam Bankman-Fried was the king of crypto. “I’m sorry I didn’t do better,” Bankman-Fried said Tuesday in a message to investors reviewed by NBC News. The contentions of the people who spoke with NBC News are echoed in a 2019 lawsuit brought in federal court against FTX Alameda, Bankman-Fried and other executives. But the crypto market does not have the protections or price transparency found in listed stock markets, for example. FTX and Alameda, as a major crypto exchange and market maker, attracted crypto developers to list their projects for trading.

☆ Stocks making the biggest moves midday: Under Armour, Robinhood, Peloton, Lincoln National and more
▼ + stars: | 2022-11-03 | by ( Sarah Min | ) www.cnbc.com time to read: +5 min

The real estate tech company reported earnings of 38 cents per share on revenue of $483 million. Robinhood — Shares of the trading app soared 9.7% after the company reported a smaller-than-expected quarterly loss as well as revenue that topped analyst forecasts. Lincoln National — Shares dropped 33% after Lincoln National missed earnings per share expectations in its third quarter, despite surprising to the upside on its sales forecast. The company reported adjusted earnings per share of $3.13, in line with Wall Street expectations. Otherwise, the company reported a strong third-quarter earnings report, beating on the top and bottom lines.

☆ Stocks making the biggest moves premarket: Accenture, Darden Restaurants, home builders and more
▼ + stars: | 2022-09-22 | by ( Peter Schacknow | ) www.cnbc.com time to read: +2 min

Nonetheless, Accenture gained 1% in premarket trading. Darden Restaurants (DRI) – The parent of Olive Garden and other restaurant chains fell 2.5% in the premarket after reporting in-line quarter results. Novavax (NVAX) – The drug maker's stock slipped 6.1% in premarket trading after J.P. Morgan Securities downgraded it to "underweight" from "neutral". Eli Lilly (LLY) – Eli Lilly rose 1.4% in premarket trading after the FDA approved its cancer drug Retevmo for new uses. FactSet Research (FDS) – The financial information services provider fell 7 cents shy of estimates with adjusted quarterly earnings of $3.13 per share.

The Banco Sabadell logo can be seen behind leaves on top of a building outside Madrid, Spain, April 13, 2016. REUTERS/Andrea Comas/File PhotoLONDON/MADRID, Sept 21 (Reuters) - Spanish bank Sabadell (SABE.MC) has received indicative bids from France's Worldline (WLN.PA), Italy's Nexi (NEXII.MI) and U.S. firm Fiserv (FISV.O) for its payments arm, with a deal valued at up to 400 million euros ($393.64 million), three sources said. Register now for FREE unlimited access to Reuters.com RegisterSabadell, Worldline, Nexi and Fiserv declined to comment. In Spain, Sabadell has a strong presence on the payments front and accounts for close to 16.3% of the country's overall revenue generated at the point of sale (POS). Its payments arm, which is mainly focused on consumer lending, has core earnings of about 25-30 million euros, one of the sources said.

☆ Wall Street's favorite stable stocks include a health care name that can rally nearly 60%
▼ + stars: | 2022-09-18 | by ( Fred Imbert | ) www.cnbc.com time to read: +3 min

With this in mind, CNBC Pro set out to find Wall Street's favorite stable stocks. If a stock has a beta of less than 1, it tends to be less volatile than the broader market. Health care names Bio-Rad Laboratories and Zoetis have the highest potential upside of any stock on the list, FactSet data shows. The tech giant has a five-year beta of 0.94 and has buy ratings from 82% of analysts covering it. The video game maker has a five-year beta of 0.76 and has buy ratings from 55% of analysts covering it.

☆ Wells Fargo downgrades two fintech stocks, says Powell's 'pain' commentary spells trouble for the sector
▼ + stars: | 2022-09-08 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

Comments from Federal Reserve Chairman Jerome Powell at the central bank's annual symposium in Jackson Hole, Wyoming, could put a damper on some fintech stocks going forward, according to Wells Fargo. The downgrades from Wells Fargo comes as markets anticipate a more hawkish Federal Reserve ahead with another big hike expected when the central bank convenes later this month. The central bank's continued aggressive approach to taming inflation means rates could stay higher for longer, which will impact profitability for fintech stocks, Cantwell noted. He said that the bank anticipates a 140 basis-point headwind to revenue growth over the next 12 months across its coverage. Wells Fargo trimmed its price target on Fidelity National to $88 a share, which implies a 3% downside from Wednesday's close.

☆ The 15 fastest-growing jobs in India — and the skills they require, according to LinkedIn
▼ + stars: | 2019-12-12 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +10 min

It then identified the skills typically required for each role and in which cities the greatest number of jobs were concentrated. Here are India's top 15 emerging jobs of 2020, the skills they require and where the most jobs are, according to LinkedIn. Top industries hiring for this role: Information technology and services, computer software, internet, marketing and advertising, financial services. Top industries hiring for this role: Information technology and services, computer software, internet, financial services, e-learning Skills you need: Node.js, MogoDB, Javascript, MySQL Where the jobs are: Bengaluru, Mumbai, New Delhi4. Top industries hiring for this role: Information technology and services, computer software, accounting, management consulting, information services Skills you need: UiPath, Automation Anywhere, Blue Prism, process automation, SQL Where the jobs are: Bengaluru, Mumbai3.

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