Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., February 7, 2024. Brendan Mcdermid | Reuters The benefits of scale will never be more obvious than when banks begin reporting quarterly results on Friday. Ever since the chaos of last year’s regional banking crisis that consumed three … Read more
Sergio Ermotti, CEO of Swiss banking giant UBS, during the group’s annual shareholders meeting in Zurich on May 2, 2013. Fabrice Coffrini | Afp | Getty Images Switzerland’s tough new banking regulations create a “lose-lose situation” for UBS and may limit its potential to challenge Wall Street giants, according to Beat Wittmann, partner at Zurich-based … Read more
Wall Street bounced back Friday but still turned in a losing week. Questions about Federal Reserve interest rate cuts and rising geopolitical tensions dominated trade and will continue to be key themes to watch. Good jobs news — strong hiring last month with elevated but moderating wage inflation — was treated as such Friday. But … Read more
Bob Iger poses with Mickey Mouse attends Mickey’s 90th Spectacular at The Shrine Auditorium on October 6, 2018 in Los Angeles. Valerie Macon | AFP | Getty Images Disney shareholders on Wednesday will settle a long-simmering proxy battle led by billionaire investor Nelson Peltz. Voters will decide whether the company’s board deserves another year together, … Read more
A liquefied natural gas tanker sails past a container terminal as it arrives in Yokohama, Japan, May 21, 2018. Tomohiro Ohsumi | Bloomberg | Getty Images Natural gas prices have plunged as the world grapples with an oversupply after a warmer-than-expected winter. The recent heyday in liquefied natural gas boosted prices and profits, spurring a … Read more
The New York Stock Exchange welcomes Reddit, Inc. (NYSE: RDDT) to celebrate its initial public offering. To honor the occasion, Snoo, rings the Opening Bell®. NYSE Wall Street’s tech IPO bankers may finally have a reason to break out the champagne after an extended drought was broken up this week with the market debuts of … Read more
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. (We’re no longer recording the audio, so we can get this new written feature to members as quickly as possible.) Taking a breather: Stocks were mixed … Read more
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
Shoppers exit the Nordstrom at the Westfield Topanga mall in Canoga Park, California, on Aug. 14, 2023. Christina House | Los Angeles Times | Getty Images Nordstrom shares jumped more than 10% on Tuesday following a report that the department store chain is attempting to go private. The retailer’s founding family is working with Morgan … Read more
The fourth quarter was pretty darn good for our stocks. Results were mostly better than expected, and many corporate leaders forecasted more of the same. For good reason: Businesses are starting to spend again, supply chain conditions continue to improve and the consumer remains resilient. Roughly 73% of companies in the S & P 500 … Read more
