JP Morgan CEO Jamie Dimon gives a speech during the inauguration of the new French headquarters of US’ JP Morgan bank on June 29, 2021 in Paris. Michel Euler| AFP | Getty Images JPMorgan Chase i...
Tag: Breaking News: Investing
Bill Ackman says it’s time for U.S. troops to defend Ukraine and set a ‘real red line’
Bill Ackman, founder and CEO of Pershing Square Capital Management. Adam Jeffery | CNBC Investor Bill Ackman said Monday the U.S. should consider military intervention in defense of Ukraine as Russian...
Oil jumps as traders fear disruption in Russia’s energy industry
An oil pumping jack, also known as a “nodding donkey”, in an oilfield near Dyurtyuli, in the Republic of Bashkortostan, Russia, on Thursday, Nov. 19, 2020. Andrey Rudakov | Bloomberg | Get...
Berkshire Hathaway BRK earnings Q4 2021
Berkshire Hathaway Chairman and CEO Warren Buffett. Andrew Harnik | AP Berkshire Hathaway’s operating profits surged in the fourth quarter and for the full year as the conglomerate’s busin...
Warren Buffett in annual letter calls Apple one of ‘Four Giants’ driving the conglomerate’s value
Warren Buffett, chairman and CEO of Berkshire Hathaway Inc The India Today Group | Getty Images Warren Buffett said he now considers tech giant Apple as one of the four pillars driving Berkshire Hatha...
Stock futures inch higher after S&P 500 closes in correction
U.S. stock market futures were modestly higher in overnight trading Tuesday after the S&P 500 closed in correction territory amid escalating tensions between Russia and Ukraine. Futures contracts ...
Carl Icahn launches proxy fight with McDonald’s over treatment of pigs
Carl Icahn speaking at Delivering Alpha in New York on Sept. 13, 2016. David A. Grogan | CNBC Billionaire investor Carl Icahn has started a proxy fight with McDonald’s over the fast food giant&#...
Massive Credit Suisse leak reportedly reveals possible criminal ties among 18,000 accounts
A Credit Suisse logo in the window of a Credit Suisse Group AG bank branch in Zurich, Switzerland, on Thursday, April 8, 2021. Stefan Wermuth | Bloomberg | Getty Images Credit Suisse was scrambling Su...
Cathie Wood says her innovation stocks are ‘way undervalued’ and recent fund losses temporary
Cathie Wood of Ark Invest said Thursday the technology companies in her innovation-focused portfolio are drastically undervalued, and she believes that her fund’s recent sell-off is short-lived....
Goldman CEO David Solomon raises financial targets, takes victory lap after crushing 2020 goals
David Solomon of Goldman Sachs Andrew Harrer | Bloomberg | Getty Images Goldman Sachs CEO David Solomon took a moment to bask in his firm’s recent performance before raising the company’s ...
A $45 billion credit fund manager says the Fed is ‘way, way, way behind the curve’ on inflation
(Click here to subscribe to the new Delivering Alpha newsletter.) Lawrence Golub helms one of the largest private credit shops in the alternative finance space. His eponymous firm, Golub Capital, has ...
Bank of America CEO Brian Moynihan says U.S. consumer spending ‘very strong’ in February
Bank Of America CEO Brian Moynihan is interviewed by Jack Otter during “Barron’s Roundtable” at Fox Business Network Studios on January 09, 2020 in New York City. John Lamparski | Ge...
Stock futures inch lower after major averages snap 3-day losing streak
U.S. stock index futures were slightly lower during overnight trading Tuesday, after registering gains on the session amid signs of tensions easing between Russia and Ukraine. Futures contracts tied t...
Oil jumps amid escalating tensions between Russia and Ukraine
Oil well pump jacks operated by Chevron Corp. in San Ardo, California, U.S., on Tuesday, April 27, 2021. David Paul Morris | Bloomberg | Getty Images Oil prices jumped in afternoon trading Friday amid...
Jeffrey Gundlach says the Fed is ‘obviously behind the curve,’ will raise rates more than expected
Jeffrey Gundlach speaking at the 2019 SOHN Conference in New York on May 6th, 2019. Adam Jeffery | CNBC DoubleLine Capital CEO Jeffrey Gundlach said Friday the Federal Reserve is failing in its battle...
Binance, led by crypto billionaire, takes huge stake
Binance, the world’s biggest cryptocurrency exchange, is making a $200 million strategic investment in Forbes, the 104-year-old magazine and digital publisher, CNBC has learned. The funds will h...
Michael Lewis, three decades after ‘Liar’s Poker,’ says Wall Street is worse in some ways
Michael Lewis Adam Jeffery | CNBC When a 27-year-old Michael Lewis put his head down to write “Liar’s Poker” — the book that ultimately put him on best-selling lists and launched his...
American Express launches its first digital checking account for rewards-hungry consumers
American Express Rewards Checking Source: American Express American Express, known for its array of perks-laden cards, is jumping into the highly competitive arena of digital checking accounts. The co...
Stock futures inch higher after S&P, Nasdaq fall to start the week
U.S. stock index futures crept higher during overnight trading Monday, after the major averages moved between gains and losses during regular trading as the market awaits key inflation data later this...
SoftBank-backed fintech DriveWealth is adding crypto to take on Coinbase’s ‘unsustainable’ fees
Bob Cortright of DriveWealth Source: DriveWealth DriveWealth, the SoftBank-backed start-up that helps fintech firms like Revolut offer stocks, is getting into cryptocurrency trading, CNBC has learned....
Stock futures are flat after S&P 500 posts best week of the year
U.S. stock index futures were little changed during overnight trading Sunday after the S&P posted its best week of 2022, boosted by quarterly earnings reports and a better-than-expected January em...
Gas prices climb to highest level in more than 7 years as oil surges above $90
A gas station in Los Angeles on Dec. 10, 2021. FREDERIC J. BROWN | AFP | Getty Images Gas prices rose to the highest level in more than seven years Friday, on the heels of the U.S. oil benchmark toppi...
Ken Griffin’s Citadel fund gains nearly 5% during January’s tech rout
Ken Griffin, Founder and CEO, Citadel Mike Blake | Reuters Billionaire investor Ken Griffin’s hedge funds scored gains in January despite the tech rout that crushed the market, as the spike in v...
Citigroup CEO faces disgruntled workers, regulators’ demands in tough first year
Citi CEO Jane Fraser makes brief remarks during a meeting with U.S. President Joe Biden and fellow chief executives to discuss the looming federal debt limit in the South Court Auditorium in the Eisen...
Lux Capital’s Josh Wolfe on why the buy-the-dip mantra will no longer work
(Click here to subscribe to the new Delivering Alpha newsletter.) Lux Capital invests in emerging science and technology companies, making long-term bets on contrarians in the space. Over two decades,...
Exxon (XOM) earnings Q4 2021
Exxon Mobil’s revenue jumped more than 80% year over year during the fourth quarter amid a rebound in oil and gas prices, the company said Tuesday. With Exxon now in a stronger financial positio...