Reddit’s public debut is not only a watershed moment for the social media company, but it also could deliver broad benefits for the Wall Street firm leading the multibillion-dollar deal: Club holding Morgan Stanley. On Thursday, Reddit will start trading on the New York Stock Exchange with a targeted valuation of around $6.5 billion . … Read more
It’s no secret that Apple has had a rocky start to 2024. A slew of cautious analyst commentary, regulatory hurdles, and soft iPhone sales in China have knocked down the stock and investor sentiment with it. However, two new research reports show why investors should stick out the pain — and “own, not trade” the … Read more
Since taking over as CEO of Wells Fargo in 2019, Charlie Scharf has been cleaning up the bank. He’s cleared six consent orders tied to past misdeeds there that predated his tenure. Management has eight more to go, a source told CNBC , including one from the Federal Reserve about six years ago that caps … Read more
Many of the market’s top companies with the largest workforces in the nation are touting degreeless jobs and actively removing degree requirements from more job postings. The idea of hiring based on skill rather than completion of college education for certain roles has become more prevalent at a time when workers are in short supply … Read more
Pedestrians pass a JPMorgan Chase bank branch in New York. Michael Nagle | Bloomberg | Getty Images The three biggest American retail banks collected 25% less overdraft revenue last year as the companies, under pressure from regulators to cap the fees, created new ways for customers to avoid the penalties. JPMorgan Chase, Wells Fargo and … Read more
Antonio Neri, CEO, Hewlett Packard Enterprise, at the NYSE, Oct. 19, 2023 Source: NYSE Technology stocks have taken back the No. 1 spot in the JUST 100, an annual ranking of large public companies on issues of key importance to the American public, with Hewlett Packard Enterprise topping last year’s No. 1 Bank of America. … Read more
My top 10 things to watch Tuesday, Jan. 30 Wall Street under some pressure early Tuesday ahead of a flood of after-the-bell earnings. The Dow and the S & P 500 on Monday both closed at record highs for the sixth time in 2024. The Nasdaq finished roughly 3.5% away from its November 2021 record … Read more
U.S. Treasury yields nudged slightly higher on Tuesday morning, as market participants await the release of key economic data points later in the week. Near 2:25 a.m. ET, the yield on the benchmark 10-year Treasury note was around 1.7 basis points higher at 4.1109% while the yield on the 30-year Treasury bond was up just … Read more
The major indexes busted out of a slump on Thursday and CNBC’s Jim Cramer pinpointed several unexpected market tailwinds, telling investors to look for this kind of action instead of obsessing over news from the Federal Reserve. “The idea that you should only care about how many rate cuts we get this year is an … Read more
David Solomon, Chairman and CEO, Goldman Sachs, participates in a panel discussion during the annual Milken Institute Global Conference at The Beverly Hilton Hotel on April 29, 2019 in Beverly Hills, California. Michael Kovac | Getty Images Entertainment | Getty Images Goldman Sachs is scheduled to report fourth-quarter earnings before the opening bell Tuesday. Here’s … Read more
