Famed investor Carl Icahn said Thursday’s relief rally didn’t change his negative view on the market, and he believes a recession is still on the horizon. “We keep our portfolio hedg...
Tag: Breaking News: Investing
Cathie Wood’s Innovation ETF surges 13%, on track for its best day ever
Catherine Wood, chief executive officer of ARK Investment Management LLC, participates in a panel discussion during the Milken Institute Global Conference in Beverly Hills, California, May 2, 2022. La...
Berkshire Hathaway Q3 earnings BRK
Berkshire Hathaway Chairman and CEO Warren Buffett. Andrew Harnik | AP Berkshire Hathaway on Saturday posted a solid gain in operating profits during the third quarter despite rising recession fears, ...
Value investors make a big comeback with one of their best months since 1978
Traders work on the floor of the New York Stock Exchange during morning trading on November 02, 2022 in New York City. Michael M. Santiago | Getty Images Value investors have come back with a vengean...
Goldman Sachs unveils crypto classification system, aimed at institutional investors
A Goldman Sachs Group Inc. logo hangs on the floor of the New York Stock Exchange in New York, U.S., on Wednesday, May 19, 2010. Daniel Acker | Bloomberg | Getty Images Goldman Sachs is making a bid t...
Wells Fargo mortgage staff brace for layoffs as U.S. loan volumes collapse
Mortgage volumes at Wells Fargo slowed further in recent weeks, leaving some workers idle and sparking concerns the lender will need to cut more employees as the U.S. housing slump deepens. The bank h...
JPMorgan Chase unveils payments platform for landlords and tenants
A JPMorgan logo displayed on a smartphone. Omar Marques | SOPA Images | LightRocket via Getty Images JPMorgan Chase is betting that landlords and tenants are finally ready to ditch paper checks and em...
Upgrade offers 3.5% APY as deposits battle heats up
Upgrade CEO Renaud Laplanche speaks at a conference in Brooklyn, New York, in 2018. Alex Flynn | Bloomberg via Getty Images Credit-card startup Upgrade is releasing a new savings account with what it ...
Stock pickers are still positioned for a Fed ‘soft landing,’ mutual fund holdings show
Traders on the floor of the NYSE, Oct. 21, 2022. Source: NYSE Professional stock pickers are still betting that the U.S. economy could skirt a recession, according to Bank of America analysis. Activel...
U.S.-listed Chinese stocks drop after Beijing’s power reshuffle makes the market ‘uninvestable’
More and more Asian companies have announced share buybacks in recent weeks. Chinese internet giant Alibaba has said it will increase its share buyback program from $15 billion to $25 billion. Sheldon...
JPMorgan president Daniel Pinto says a recession is likely and markets may fall further as the Fed raises rates
Daniel Pinto, co-president and chief operating officer of JPMorgan Chase & Co., speaks during the Institute of International Finance (IIF) annual membership meeting in Washington, D.C., Oct. 18, 2...
U.S. consumer is soldiering on despite soaring inflation and recession risk, credit card giants say
Shoppers carry bags in San Francisco, California, on Thursday, Sept. 29, 2022. David Paul Morris | Bloomberg | Getty Images U.S. consumers have demonstrated a willingness to continue to pay higher pri...
Vista’s Robert Smith says investing in DEI businesses vitally important in a bear market
Robert Smith during an interview with CNBC’s Squawk Box, broadcast live from World Economic Forum, Davos, Switzerland, on January 25, 2019. Adam Galica | CNBC Robert F. Smith, chairman and CEO a...
SPAC liquidations top $12 billion this year as sponsors grapple with tough market, new buyback tax
Chamath Palihapitiya, Social Capital Founder and CEO CNBC A new buyback tax has motivated more and more SPAC sponsors to close up shop before the year-end, adding another headwind to the blank-check s...
JPMorgan Chase gives early payday deposits to Secure Banking customers
Signage outside a Chase bank branch in San Francisco, California, on Monday, July 12, 2021. David Paul Morris | Bloomberg | Getty Images JPMorgan Chase is giving some customers early access to their d...
Goldman Sachs pivot from Marcus shows that disrupting retail banking is hard
David Solomon, Goldman Sachs, at Marcus event Goldman Sachs CEO David Solomon is reining in his ambition to make the 153-year-old investment bank a major player in U.S. consumer banking. After product...
Dan Loeb’s Third Point builds stake in Colgate, sees value in pet food business in potential spinoff
Daniel Loeb Simon Dawson | Bloomberg | Getty Images Dan Loeb’s Third Point has built a sizeable stake in consumer giant Colgate-Palmolive, according to CNBC’s David Faber. Loeb sees hidden...
Activist investor Starboard reveals stake in Salesforce, sees significant opportunity
Jeffrey Smith, CEO of Starboard Value LP and Chairman of Papa John’s International Inc. Brendan McDermid | Reuters Starboard Value has taken a stake in Salesforce, with founder Jeff Smith saying...
GS (Goldman Sachs) earnings 3Q 2022
David Solomon, chief executive officer of Goldman Sachs & Co., speaks during a Bloomberg Television interview at the Milken Institute Global Conference in Beverly Hills, California, U.S., on Monda...
Goldman CEO David Solomon to break up struggling consumer finance unit
Goldman Sachs’ Chairman and CEO David Solomon attends a session at the 50th World Economic Forum (WEF) annual meeting in Davos, Switzerland, January 21, 2020. Denis Balibouse | Reuters Goldman S...
Bank of America CEO Brian Moynihan says the U.S. consumer is healthy
Pedestrians pass in front of a Bank of America branch in New York. Mark Kauzlarich | Bloomberg | Getty Images Consumers are financially resilient, despite high inflation and concerns the U.S. is neari...
Bank of America (BAC) Q3 2022 earnings
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...
Chile has outperformed the S&P 500 this year. Here’s how
For the most part, stocks around the world have taken a beating this year. But there’s one corner of the global market that’s bucking that trend: Chile. Chilean stocks this year are leapfr...
Jamie Dimon says expect ‘other surprises’ from choppy markets after U.K. pensions nearly imploded
Jamie Dimon, chief executive officer of JPMorgan Chase & Co., during a Bloomberg Television interview in London, U.K., on Wednesday, May 4, 2022. Chris Ratcliffe | Bloomberg | Getty Images JPMorga...
Wells Fargo WFC Q3 2022 earnings
Pedestrians pass a Wells Fargo bank branch in New York, U.S., on Thursday, Jan. 13, 2022. Victor J. Blue | Bloomberg | Getty Images Wells Fargo said Friday that it is still seeing historically low loa...
JPM (JPMorgan Chase) earnings 3Q 2022
Jamie Dimon, CEO of JPMorgan Chase, testifies during the Senate Banking, Housing, and Urban Affairs Committee hearing titled Annual Oversight of the Nations Largest Banks, in Hart Building on Thursday...
MS (Morgan Stanley) earnings 3Q 2022
Morgan Stanley CEO James Gorman participates in a conversation-style interview with Economic Club of Washington in Washington September 18, 2013. Yuri Gripas | Reuters Morgan Stanley is set to report ...
Cash is king again as money managers are in no rush to embrace risk with Fed raising rates
Traders work on the floor of the New York Stock Exchange (NYSE) on October 07, 2022 in New York City. Spencer Platt | Getty Images (Click here to subscribe to the Delivering Alpha newsletter.) Cash, o...
Paul Tudor Jones believes we are in or near a recession and history shows stocks have more to fall
Billionaire hedge fund manager Paul Tudor Jones believes the U.S. economy is either near or already in the middle of a recession as the Federal Reserve rushed to tamp down soaring inflation with aggre...
‘The Fed is breaking things’ – Here’s what has Wall Street on edge as risks rise around the world
Jerome Powell, chairman of the US Federal Reserve, during a Fed Listens event in Washington, D.C., US, on Friday, Sept. 23, 2022. Al Drago | Bloomberg | Getty Images As the Federal Reserve ramps up ef...
Ken Griffin says Fed has not done enough, must continue on its path to reset inflation expectations
Ken Griffin, Citadel at Delivering Alpha, Sept. 28, 2022. Scott Mlyn | CNBC Ken Griffin, Citadel’s founder and CEO, believes the Federal Reserve has more work to do to bring down inflation even ...