Finance
Gold heads for record high close on view that Fed is poised to cut rates
An employee handles one kilogram gold bullions at the YLG Bullion International Co. headquarters in Bangkok, Thailand, on Friday, Dec. 22, 2023. Chalinee Thirasupa | Bloomberg | Getty Images Gold prices advanced Tuesday, on track for a record close as rising expectations of a September interest rate cut bolstered demand for bullion. Spot gold gained […]
Read More
Small caps are the hottest trade going in the stock market right now and they’re up again Tuesday
Traders work on the floor of the New York Stock Exchange (NYSE) on July 11, 2024 in New York City. Spencer Platt | Getty Images Small-cap stocks are on a tear right now as they took the baton from megacap technology shares last week to lead the bull market on hopes interest rate cuts will […]
Read More
Many Americans think they’re insulated from climate change. Their finances indicate otherwise
Key Points Just 55% of Americans believe global warming will “hurt them a moderate amount,” according to a new study by Stanford University and Resources for the Future. Climate change is already having a financial impact on most Americans, economists said. Higher insurance rates for homeowners, inflation for groceries, and lost earnings due to heat […]
Read More
Stocks making the biggest moves premarket: Morgan Stanley, UnitedHealth, Bank of America and more
Check out the companies making headlines before the bell. Morgan Stanley — The bank stock fell more than 2% in premarket trading even after the firm’s second-quarter results beat Wall Street estimates thanks to strong performance in trading and investment banking. The bank said profit surged 41% from the year-earlier period, helped by a rebound […]
Read More
Microsoft’s hiring of staff from AI startup Inflection referred for UK merger probe
Key Points Microsoft’s hiring of employees from artificial intelligence startup Inflection has been referred for an initial merger investigation in the U.K. If it finds reason to investigate further, the Competition and Markets Authority can refer the case for an in-depth investigation, known as a “Phase 2” probe. Source
Read More
Morgan Stanley to report second-quarter earnings
Key Points Morgan Stanley is likely to benefit from its Wall Street-centric business model. The bank’s massive wealth management business will be helped by high stock market values, which inflates the management fees the bank collects. Source
Read More
Deutsche Bank criticized by German regulator for financial reporting error
Key Points Deutsche Bank incorrectly disclosed deferred tax assets in its 2019 financial statement, German regulator BaFin said Tuesday. 2.076 billion euros ($2.26 billion) worth of deferred tax assets had not been disclosed separately in the notes for Deutsche Bank’s U.S. business, BaFin said. Deutsche Bank says the financial statement is still compliant with international […]
Read More
Stocks making the biggest moves midday: Trump Media, Macy’s, Goldman, Coinbase and more
Check out the companies making headlines in midday trading: Humana , UnitedHealth Group — Health care insurers rose as a group Monday as the greater likelihood of a Donald Trump victory in this year’s presidential election raised hopes of fewer cost pressures. Shares of Humana and UnitedHealth Group gained around 1% each. Wolfe Research on […]
Read More
Dimon and other Wall Street CEOs react to Trump assassination attempt: ‘Deeply saddened’ by violence
Key Points The leaders of Wall Street’s most powerful firms are speaking out to condemn the attempted assassination of former President Donald Trump at a Pennsylvania rally over the weekend. JPMorgan Chase CEO Jamie Dimon told employees Sunday that he and his management team were “deeply saddened by the political violence.” Goldman Sachs CEO David […]
Read More
Stocks making the biggest moves premarket: Trump Media & Technology, Apple, Super Micro Computer and more
Check out the companies making headlines before the bell: Trump Media & Technology — Shares of the Truth Social parent popped more than 50% following the attempted assassination of former President Donald Trump on Saturday. Some have argued that the attempt could boost the odds of a Trump victory in the November election. Apple — […]
Read More