Several major gauges of fear in the market are reflecting increased alarm from investors. The Cboe Volatility Index , a measure of anticipated market instability that’s known as Wall Street’s “fear gauge,” topped 19 on Monday and closed at its highest level since October. It neared the key level of 20 in late fall of […]
[The stream is slated to start at 1:15 p.m. ET. Please refresh the page if you do not see a player above at that time.] Federal Reserve Chair Jerome Powell speaks Wednesday to the Wilson Center’s Washington Forum on the Canadian Economy, in what will likely be his last policy speech before the next central […]
Check out the companies making headlines before the bell. UnitedHealth — Shares popped roughly 7% after the healthcare giant posted better-than-expected revenue in its first-quarter results on Tuesday, with growth of close to 9% from $91.9 billion in the same period last year. UnitedHealth reported adjusted earnings of $6.91 per share on revenue of $99.8 billion […]
Ted Pick, CEO Morgan Stanley, speaking on CNBC’s Squawk Box at the World Economic Forum Annual Meeting in Davos, Switzerland on Jan. 18th, 2024. Adam Galici | CNBC Morgan Stanley on Tuesday posted results that topped analysts’ estimates for profit and revenue as wealth management, trading and investment banking exceeded expectations. Here’s what the company reported: […]
Bank of America Chairman and CEO Brian Thomas Moynihan testifies during a Wall Street oversight hearing by the Senate Banking, Housing, and Urban Affairs committee on Capitol Hill in Washington, DC, December 6, 2023. Saul Loeb | AFP | Getty Images Bank of America on Tuesday reported first-quarter earnings that topped analysts’ estimates for profit […]
Check out the companies making headlines in midday trading. Tesla — Shares fell 2.8% after an internal memo said the electric vehicle maker is planning to lay off more than 10% of its global workforce . “As we prepare the company for our next phase of growth, it is extremely important to look at every […]
Check out the companies making headlines before the bell. Goldman Sachs — Goldman Sachs shares jumped 3.3% in premarket trading after the company beat Wall Street’s first-quarter earnings expectations . Goldman posted earnings of $11.58 per share on revenue of $14.21 billion for the period, fueled by its trading and investment banking businesses. Analysts surveyed […]
Alibaba shares got a boost last week from news founder Jack Ma is pleased with the company’s turnaround so far. That’s after co-founder and current Chair Joe Tsai told CNBC in late February he felt a lot more “confident” about Alibaba’s ability to still be a top e-commerce player. Ma stepped down as chairman in […]
Larry Swedroe, who is considered one of the market’s most esteemed researchers, thinks Warren Buffett’s investment style doesn’t work well anymore. He cites the number of professional Wall Street firms and hedge funds now participating in the market. “Warren Buffett was generally considered the greatest stock picker of all time. And, what we have learned […]
Check out the companies making headlines in midday trading. JPMorgan — The bank fell 5% after disclosing that its net interest income level could fall short of Wall Street analysts’ expectations in 2024, despite beating both top- and bottom-line estimates in its last quarter. CEO Jamie Dimon also underscored the danger of inflationary pressures. Wells […]