Barclays PLC
Cerebras IPO has ‘too much hair’ as AI chipmaker tries to sell Wall Street on Nvidia alternative
Andrew Feldman, co-founder and CEO of Cerebras Systems, speaks at the Collision conference in Toronto on June 20, 2024. Ramsey Cardy | Sportsfile | Collision | Getty Images AI chipmaker Cerebras is trying to be the first major venture-backed tech company to go public in the U.S. since April and to capitalize on investors’ insatiable […]
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Asia-Pacific markets trade mixed as investors weigh China stimulus, oil gains
The Tokyo Tower, left, and commercial and residential buildings in Minato district of Tokyo, Japan, on Saturday, Oct. 1, 2022. Photographer: Akio Kon/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty Images SINGAPORE — Asia-Pacific markets traded mixed on Friday following losses on Wall Street, with concerns over Middle East tensions keeping investors on edge […]
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CNBC Daily Open: More all-time highs? Yes please
Traders work on the floor of the NYSE. NYSE This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe here. What you need to know today All-time high, […]
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Barclays names 5 global stocks that could benefit from China’s stimulus — giving one over 100% upside
Barclays has identified a handful of European stocks poised to benefit from China’s anticipated economic stimulus measures. Investors have been closely watching for signs of government intervention as the world’s second-largest economy grapples with slowing growth and weak domestic demand. Earlier this week, the People’s Bank of China (PBOC) surprised markets by announcing plans to cut […]
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Stocks making the biggest moves premarket: Micron Technology, Starbucks, CarMax and more
Check out the companies making headlines before the bell. Starbucks — The coffee chain rose more than 2% after Bernstein upgraded the stock to outperform from market perform. The firm is bullish on new CEO Brian Niccol who began on Sept. 9. New York Community Bancorp — Shares of the regional lender gained more than […]
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‘Don’t fight the Fed’: Barclays and Citi turn bullish on these stocks after rate cut
The Federal Reserve surprised markets earlier this month when it cut interest rates by 50 basis points , signaling a shift toward preserving economic growth. The move prompted Wall Street giants Barclays and Citi to adopt a more optimistic stance on global cyclical stocks. Cyclical stocks are generally sensitive to interest rates and economic growth, […]
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5 things to know before the stock market opens Monday
Here are the most important news items that investors need to start their trading day: 1. Rate relief Investors cheered the Federal Reserve’s huge policy move last week. The question now is what the central bank will do next. The S&P 500, Dow Jones Industrial Average and Nasdaq Composite all rose more than 1% for […]
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American Airlines in talks to pick Citigroup over rival bank Barclays for crucial credit card deal, sources say
An American Airlines’ Embraer E175LR (front), an American Airlines’ Boeing 737 (C) and an American Airlines’ Boeing 737 are seen parked at LaGuardia Airport in Queens, New York on May 24, 2024. Charly Triballeau | AFP | Getty Images American Airlines is in talks to make Citigroup its exclusive credit card partner, dropping rival issuer […]
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Goldman Sachs to post $400 million hit to third-quarter results as it unwinds consumer business
David Solomon, CEO of Goldman Sachs, during an interview for an episode of “The David Rubenstein Show: Peer-to-Peer Conversations” in New York on Aug. 6, 2024. Jeenah Moon | Bloomberg | Getty Images Goldman Sachs will post a roughly $400 million pretax hit to third-quarter results as the bank continues to unwind its ill-fated consumer […]
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Barclays scraps EU bonus cap for senior bankers
16 September 2023, USA, New York: The Barclays Bank logo, taken in Manhattan. Michael Kappeler | Picture Alliance | Getty Images Barclays has become the latest bank to substantially raise a cap on bonuses for its top bankers, an internal memo seen by Reuters showed on Thursday. The lender’s senior bankers will now be able […]
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