Breaking News: Markets
Big banks like JPMorgan Chase and Goldman Sachs are already using AI to hire fewer people
Jamie Dimon, chief executive officer of JPMorgan Chase & Co., at the Institute of International Finance (IIF) during the annual meetings of the IMF and World Bank in Washington, DC, US, on Thursday, Oct. 24, 2024. Kent Nishimura | Bloomberg | Getty Images The era of artificial intelligence on Wall Street, and its impact on […]
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Fed’s Miran sees China trade tensions as a further reason for quick interest rate cuts
Key Points Fed Governor Stephen Miran said the latest impasse in trade talks between the U.S. and China poses new dangers to the economic outlook and makes the case for rate cuts even more urgent. Miran has advocated for another 1.25 percentage points in cuts on top of the quarter-point move the Federal Open Market […]
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Abbott’s quarter disappoints again: We’re downgrading it and considering what to do next
Shares of Abbott Laboratories fell 3% on Wednesday after the diversified health-care company delivered another less-than-stellar quarter. Revenue in the third quarter ended Sept. 30 rose 6.9% to $11.37 billion, missing the $11.4 billion consensus estimate compiled by market data provider LSEG. Organic sales , excluding Covid testing results, rose 7.5%, beating the 5.9% estimate, […]
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Nuclear stocks surge after U.S. Army launches program to deploy small reactors
Nuclear stocks rallied Wednesday after the U.S. Army launched a program to deploy small reactors. Shares of NuScale, a small reactor developer, soared 17%. Oklo and Nano Nuclear were up nearly 7% and 4%, resepectively. The uranium company Centrus was up 13%. The U.S. Army on Tuesday launched a program to build micro nuclear reactors […]
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Cramer: This European company is key to understanding U.S.-China trade tensions
With U.S.-China trade tensions ratcheted back up, CNBC’s Jim Cramer said investors need to look to Europe to better understand the animosity between the world’s two largest economies. That’s where they will find ASML , the Netherlands-based maker of advanced lithography machines that are essential in producing the cutting-edge semiconductors from the likes of Nvidia […]
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Stocks making the biggest moves midday: Bank of America, Morgan Stanley, Bunge, Progressive and more
Check out the companies making the biggest moves in midday trading: F5 — Shares of the cybersecurity firm fell more than 3% after it disclosed a nation-state actor gained access to its systems. The company said the breach hasn’t hurt its operations. Progressive — The insurer’s stock tumbled about 8% after reporting disappointing results. Progressive […]
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Treasury Secretary Bessent says a stock market decline won’t deter the U.S. from taking strong action against China
Treasury Secretary Scott Bessent insisted Wednesday that the U.S. won’t change its trade negotiating stance on China due to stock market volatility. “We won’t negotiate because the stock market is going down” or shy away from taking strong measures against Beijing for that reason, Bessent said in an exclusive interview at CNBC’s Invest in America […]
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Stocks making the biggest moves premarket: Bank of America, Morgan Stanley, ASML, Papa John’s and more
Check out the companies making the biggest moves in premarket trading: Bank of America — The Brian Moynihan-led bank rose 4.5% after earnings and revenue beat analyst expectations . BofA earned $1.06 per share on revenue of $28.24 billion, while analysts polled by LSEG estimated a profit of 95 cents per share on revenue of […]
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Bank of America tops estimates on 43% surge in investment banking revenue
Brian Moynihan, CEO of Bank of America, leaves the U.S. Capitol after a meeting with Republican members of the Senate Banking, Housing and Urban Affairs Committee on the issue of debanking on Thursday, February 13, 2025. Tom Williams | Cq-roll Call, Inc. | Getty Images Bank of America on Wednesday posted third-quarter results that exceeded […]
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Morgan Stanley slated to release third-quarter earnings
Key Points Wall Street-centric banks like Morgan Stanley and peer Goldman Sachs are in an ideal environment. Wall Street trading desks have seen booming activity in the quarter, while investment banking continues to see a resurgence in activity for mergers and IPOs. Shares of Morgan Stanley have climbed almost 24% this year. Source
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