Breaking News: Investing
Wells Fargo shares climb on higher earnings, CEO calls for ‘timely’ trade resolution
In this article WFC Follow your favorite stocksCREATE FREE ACCOUNT A Wells Fargo Bank branch is seen in New York City on March 17, 2020. Jeenah Moon | Reuters Wells Fargo shares rose Friday after the bank reported an increase in quarterly earnings on the back of stable income from investment banking and wealth management. Here’s […]
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JPMorgan Chase is set to report first-quarter earnings – here’s what the Street expects
Jamie Dimon, chief executive officer of JPMorgan Chase & Co., speaks during the 2025 National Retirement Summit in Washington, DC, US, on Wednesday, March 12, 2025. Al Drago | Bloomberg | Getty Images JPMorgan Chase is scheduled to report first-quarter earnings before the opening bell Friday. Here’s what Wall Street expects, according to LSEG: Earnings: […]
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How the mother of all ‘short squeezes’ helped drive stocks to historic gains Wednesday
A trader works on the floor of the New York Stock Exchange during afternoon trading on April 9, 2025 in New York. Angela Weiss | Afp | Getty Images A massive number of hedge fund short sellers rushed to close out their positions during Wednesday afternoon’s sudden surge in stocks, turning a stunning rally into […]
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Trump’s pivot on tariffs shows that Wall Street still has a seat at his table
Jamie Dimon, CEO of JPMorgan Chase, testifies during the Senate Banking, Housing and Urban Affairs Committee hearing titled Annual Oversight of Wall Street Firms, in the Hart Building on Dec. 6, 2023. Tom Williams | Cq-roll Call, Inc. | Getty Images With each passing day since President Donald Trump’s sweeping tariff announcement last week, a […]
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Trump acknowledged he could cause a recession, but just didn’t want a depression, according to WSJ
President Donald Trump wanted to avoid sending the economy into a depression through his contentious plan for tariffs, according to The Wall Street Journal. Trump privately said he was aware that his broad and steep plan for levies unveiled last week could tip the economy into a recession, but he didn’t want a depression, according […]
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Jeremy Siegel says stocks are ‘not out of the woods’ yet due to difficult China negotiations ahead
President Donald Trump’s pause on reciprocal tariffs is not an all clear signal for investors to embrace risk assets again, according to Jeremy Siegel, professor emeritus of finance at the University of Pennsylvania’s Wharton School of Business. “We’re not out of the woods on the tariff,” Siegel said on CNBC’s ” Squawk Box .” “We’ll see what […]
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Money manager Dan Niles says market ‘bottoming is not a day,’ it’s a process
As investors try to find their footing after recent bouts of hyper-volatile trading, portfolio manager Dan Niles is cautioning patience. “You can’t fix all your positioning problems in one day,” the founder and portfolio manager at Niles Investment Management told CNBC’s “Closing Bell Overtime” on Wednesday. The S & P 500 logged a 9.5% advance […]
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Money manager Dan Niles says market ‘bottoming is not a day,’ it’s a process
As investors try to find their footing after recent bouts of hyper-volatile trading, portfolio manager Dan Niles is cautioning patience. “You can’t fix all your positioning problems in one day,” the founder and portfolio manager at Niles Investment Management told CNBC’s “Closing Bell Overtime” on Wednesday. The S & P 500 logged a 9.5% advance […]
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United Airlines, Microchip Technology lead the stocks posting 20%-plus reversals on Trump tariff pause
United Airlines planes land and prepare to take off at Newark Liberty International Airport in Newark, New Jersey, on Jan. 27, 2025. Fabrizio Bensch | Reuters Stocks with the largest percentage reversals Wednesday Symbol Name RBICS Economy Previous close Intraday Low Current price Chg at low % chg low to curr. UAL United Airlines Holdings, […]
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Stock market posts third biggest gain in post-WWII history on Trump’s tariff about-face
Trader work on the floor at the New York Stock Exchange. Brendan McDermid | Reuters Wednesday’s jaw-dropping stock-market rally on President Donald Trump’s surprising tariff reversal is one for the history books. The S&P 500 skyrocketed 9.52% in a kneejerk reaction to Trump’s announcement to put a 90-day pause on some of the lofty ‘reciprocal’ […]
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