The crisis in the Red Sea poses serious risks to oil flows and prices could change quickly if tensions lead to a major supply disruption in the Middle East, Chevron CEO Michael Wirth told CNBC on Tuesday. “It’s a very serious situation and seems to be getting worse,” Wirth said in an interview at the … Read more
A long exposure photo shows the company’s fourth Alpha rocket mission launching from California’s Vandenberg Space Force Base on Dec. 22, 2023. Sean Parker / Firefly Aerospace Investment in the space sector bounced back last year, rebounding closer to the record high of 2021, according to a report Tuesday by New York-based Space Capital. “Investment … Read more
The Morgan Stanley headquarters is seen in New York City on Jan. 17, 2023. Michael M. Santiago | Getty Images Morgan Stanley reported fourth-quarter earnings before the bell Tuesday. Here’s how the bank did compared with Wall Street expectations: Earnings per share: 85 cents, may not compare with $1.01 expected, according to LSEG Revenue: $12.9 … 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
Fg Trade | E+ | Getty Images Rising inventory is helping push rent prices down. For young adults, building credit is a smart step to take as they prepare to enter the rental housing market. The median U.S. asking rent price in December was $1,964, a 0.8% decline from a year ago, according to real … Read more
Bitcoin slid on Friday to end what should have been a momentous week for the cryptocurrency, with the launch of 11 bitcoin ETFs in the U.S. after a years long battle for institutional acceptance of the asset. The price of bitcoin dropped nearly 6% to $44,022.22, according to Coin Metrics, pulling most of the crypto … Read more
Larry Fink Cameron Costa | CNBC Bitcoin ETFs have arrived after a hard fought battle between the crypto industry and the Securities and Exchange Commission. Larry Fink, CEO of BlackRock — the biggest asset manager in the world — thinks it’s just the first step toward a new financial world. ETFs, or exchange-traded funds, were … Read more
CEO of Citigroup Jane Fraser testifies during a hearing before the House Committee on Financial Services at Rayburn House Office Building on Capitol Hill on September 21, 2022 in Washington, DC. Alex Wong | Getty Images Citigroup said it was cutting 10% of its workforce in a bid to help boost the embattled bank’s results … Read more
Wells Fargo shares fell Friday even after fourth-quarter profit rose from a year ago, as the bank warned that net interest income for 2024 could come in significantly lower year over year. “As we look forward, our business performance remains sensitive to interest rates and the health of the U.S. economy, but we are confident … Read more
Jane Fraser, CEO of Citigroup, attends a hearing on Annual Oversight of Wall Street Firms before the Senate Committee on Banking, Housing, and Urban Affairs in Washington, D.C., the United States, on Dec. 6, 2023. Tom Williams | Cq-roll Call, Inc. | Getty Images Citigroup reported fourth-quarter earnings before the opening bell Friday. Here’s what … Read more
