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Stocks making the biggest premarket moves: Lithium Americas, AES, Sunrun, Peloton, Nike and more
Check out the companies making headlines before the opening bell. Lithium Americas — Shares jumped 32% after the Department of Energy said Tuesday it plans to take a 5% equity stake in the lithium miner. AES — The renewable and thermal power producer climbed 11% after a Financial Times report that Blackrock-owned Global Infrastructure Partners […]
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Family offices are still keen on direct deals but retreat from startup, early-stage investing
Westend61 | Westend61 | Getty Images A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. Despite trade war turmoil and recession fears, investment firms of the ultra-wealthy are optimistic about their returns, […]
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American Express unveils refreshed Platinum card with $895 annual fee, upping the ante in luxury cards
American Express platinum business card. Courtesy: American Express American Express on Thursday unveiled updates to its flagship credit card amid heightened industry competition over the country’s high spenders. The company said consumer and business versions of its refreshed Platinum card now carry an $895 annual fee, about 29% higher than the current fee of $695. […]
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Private investors buy into largest-of-its-kind solar deal to electrify Kenya
Commercial banks have bought into a major $150 million financing deal for off-grid solar power in Kenya, in a sign of growing investor confidence in the electrification of sub-Saharan Africa. Sun King, an off-grid solar energy company, raised the Kenyan-shilling equivalent of $156 million by bundling future payments from its solar-power customers into an asset-backed […]
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Credit card startup Imprint beats big banks for Rakuten co-brand deal
A view of the logo of Rakuten Mobile at its branch in Tokyo, Japan, November 28, 2023. Staff | Reuters There’s a new player making waves in an industry dominated by big banks. Imprint, the 5-year-old credit card startup, beat out banks in a competitive bidding process for a new co-branded card from online shopping […]
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Nvidia and other stocks just became the most overbought names on Wall Street this week
Some stocks that have seen meaningful gains in recent days could be set to change course, a technical indicator shows. The S & P 500 ended Friday little changed , weighed down by trade policy concerns among investors after President Donald Trump reportedly called for more tariffs on the European Union. However, the broad market […]
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Rich American Express customers continue to spend freely, with one exception
American Express has long benefited from a focus on wealthier customers who appreciate the credit card company’s travel and dining perks. That has helped insulate the company from concerns over a spending slowdown. In the second quarter, total spending on Amex cards jumped 7%, matching the first quarter and higher than the 6% increase a […]
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Banks are thriving so far in Trump’s economy. Here’s what that means for markets and the consumer
(L-R) Brian Moynihan, Chairman and CEO of Bank of America; Jamie Dimon, Chairman and CEO of JPMorgan Chase; and Jane Fraser, CEO of Citigroup; testify during a Senate Banking Committee hearing at the Hart Senate Office Building in Washington, D.C., on Dec. 6, 2023. Saul Loeb | Afp | Getty Images Nearly everywhere you look […]
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Bank of America puts up mixed results as net interest income misses analysts’ expectations
In this article BAC Follow your favorite stocksCREATE FREE ACCOUNT 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 […]
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Goldman Sachs is set to report second-quarter earnings — here’s what the Street expects
Goldman Sachs CEO David Solomon speaks during the Goldman Sachs Investor Day at Goldman Sachs Headquarters in New York City, U.S., February 28, 2023. Brendan Mcdermid | Reuters Goldman Sachs is scheduled to report second-quarter earnings before the opening bell Wednesday. Here’s what Wall Street expects: Earnings: $9.53 per share, according to LSEG Revenue: $13.47 […]
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