Berkshire Hathaway likely unloaded nearly $5 billion of financial stocks from its portfolio in the third quarter, and two possible candidates for the trimmed positions are Citigroup and Bank of New Yo...
Tag: Financials
Higher Rates Hammer Home Buyers—and Make Mortgage REITs Lucrative for Investors
It’s instructive and often amusing to see how the popular media cover economic and financial news. You can get a handle on the public’s sentiment from how they treat those topics, which usually varies...
Do Coinbase’s recent financials mean something for other crypto-exchanges
American crypto-exchange Coinbase has revealed its performance stats from the third quarter of 2022. The numbers shared by the exchange painted a rather grim picture of its financials. $545 million l...
Small-Cap Stocks Have Rarely Been So Depressed. 7 to Buy Now.
Longtime investor Nicholas F. Galluccio has seen his fair share of market turmoil, but one thing has remained constant over nearly four decades: a focus on finding small stocks with big prospects. Gal...
This 28-year-old’s side hustle brings in up to $267K per year
When Domonique Brown was growing up, she was the only Black kid in her class. “It was definitely tough for me to find things that represented me,” she said. She remembers how her father wo...
Concerns Over Blackstone’s Big Retail Real Estate Fund Weigh on Its Stock
Investor concerns about Blackstone’s big retail real estate fund have weighed on its stock in recent months and comments by management this week didn’t appear to help. Although Blackstone (ticker: BX)...
Goldman Sachs Reports Earnings Today. Everyone Is Watching For This.
Goldman Sachs Group is the last of the big banks to post third-quarter earnings but Wall Street is more concerned over the investment bank’s bigger plans. Over the last few weeks reports have noted th...
How Alternative Investments Saved the Day for Big University Endowments
University endowments, battered by stock-market losses, posted their worst fiscal year since the financial crisis. The largest funds, however, were helped by higher allocations to alternative investme...
These NASDAQ Bank Stocks Are Hitting New 52-Week Highs
Bank Building getty Despite higher interest rates and expectations of even higher interest rates, these NASDAQNDAQ -traded bank stocks established new 52-week highs this week. This is remarkable and u...
Citigroup (C) earnings Q3 2022
Jane Fraser speaks during the Milken Institute Global Conference in Beverly Hills, California, U.S., on Monday, April 29, 2019. Kyle Grillot | Bloomberg via Getty Images Citigroup reported stronger-th...
Citigroup Reports Earnings Friday. What to Expect.
Wall Street will be looking for more signs of Citigroup turnaround when the bank posts third-quarter results Friday. Like all banks, Citigroup (ticker: C) has faced challenges this year as it has had ...
Five Investment Firms Hitting New 52-Week Lows This Week
Front view of brown bear isolated on black background. Portrait of Kamchatka bear (Ursus arctos … [+] beringianus) getty Interest rate hikes are taking a toll on investment firms as they adjust ...
Here’s how uber-rich pass wealth tax-free to heirs when markets are down
Brand New Images | Stone | Getty Images A lousy stock market is often no reason for investors to cheer. But for the uber-rich, it may offer a route to lower estate taxes down the road. That’s be...
Credit Suisse seeking to assure investors amid financial concerns: FT
A Swiss flag flies over a sign of Credit Suisse in Bern, Switzerland FABRICE COFFRINI | AFP | Getty Images Credit Suisse executives are in talks with its major investors to reassure them amid rising c...
Goldman Sachs Is Preparing Layoffs. Tech Isn’t the Only Industry Cutting Jobs.
Text size Goldman Sachs is putting together a plan to lay off employees, according to reports. Jason Alden/Bloomberg Goldman Sachs is putting together a plan to lay off employees, according to media r...
Why Total Yield Can Be a Savior in Volatile Markets
Text size MetLife is one of the financial firms that has thrived this year. Michael Nagle/Bloomberg Income investors are finally having their moment. In a volatile year for markets, which saw major in...
Best Buy reports its financials for the second quarter
Best Buy Co. (NYSE: BBY) announces its second-quarter financials for the 2022 fiscal year. Domestic revenue decreased 13.1% to $9.57 billion. From a merchandising point of view, Best Buy had a sales d...
Express Posts 5th Consecutive Quarter Of Positive Financials; Gains Market Share
Express Edit stores are the future for the retailer. The small-format units post higher sales and … [+] conversions. Courtesy of Express While it was clearly below the company’s expectations, Ex...
Dick’s Sporting Goods announces second-quarter financials
DICK’S Sporting Goods (NYSE: DKS) is known for creating both excitement and confidence by personally equipping its sportspeople to achieve all their goals and dreams, this top-in-class omnichannel cor...
How to save $1 million for retirement on an annual salary of $70,000
Consistently saving a small percentage of your salary is a simple way to ensure you’re prepared for retirement. As a rule of thumb, most financial advisors suggest you save 10% to 15% of your ea...