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Europe’s stocks open higher ahead of closely watched U.S. inflation data
European markets opened higher on Wednesday as traders await the latest U.S. inflation data that will inform the Federal Reserve’s decision-making on interest rate cuts. The pan-European Stoxx 600 was around 0.4% higher during early deals, with most sectors and all major bourses in positive territory shortly after the opening bell. London’s FTSE 100 was […]
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9 questions we want answered when our 3 financial names report earnings Wednesday
Wall Street’s biggest financial institutions kick off fourth-quarter earnings on Wednesday, with portfolio names Wells Fargo , Goldman Sachs , and BlackRock set to report results before the opening bell. The rally in financial stocks last year, which really started in October 2023, went into high gear in the run-up to the Federal Reserve ushering […]
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Earnings playbook: Big banks kick off the reporting season, along with a major health insurer
The corporate earnings season kicks off in earnest this week, led by the six major U.S. banks. Goldman Sachs, Wells Fargo, JPMorgan Chase, Citigroup, Morgan Stanley and Bank of America are all scheduled to post fourth-quarter results. UnitedHealth is also among the roughly 20 S & P 500 names on deck to report. Expectations for […]
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Goldman says market ‘increasingly vulnerable’ to correction, recommends downside protection
Stocks are looking more primed for a correction as the new trading year kicks off, according to Goldman Sachs. After an unusually strong two-year surge, Peter Oppenheimer, Goldman’s chief global equity strategist, said there could be a short-term digestion period for stocks before further gains can be made. He noted that the two-year performance from […]
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Black British entrepreneurs find new ways to land funding as diversity efforts are scrapped
Former Goldman Sachs executive Ayesha Ofori was confident that investors would be keen to fund her investment platform startup — then came the wall of rejections. Some of the venture capitalists who gave the cold shoulder to Ofori’s female-focused financial investment platform, Propelle, ultimately rejected her, citing her lack of experience. Ofori notes her background at Morgan […]
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Goldman loves this European stock riding the data center wave
Goldman Sachs is bullish on one of Italy’s cable manufacturing giants: Prysmian . The company is set to benefit from strong secular demand trends and superior earnings visibility, the investment bank said in a Jan. 2 research note. Prysmian makes underground and submarine cables and systems for power transmission and distribution. Prysmian is among the […]
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Stocks making the biggest moves premarket: Nvidia, Synaptics, Cloudflare, Topgolf Callaway Brands and more
Check out the companies making headlines in premarket trading. Synaptics — The semiconductor company climbed 5.9% after announcing a partnership with Google on Edge AI. Through the collaboration, Google’s machine learning core will be integrated on Synaptics’ Astra hardware. Nvidia — Shares of the chip maker popped 1.7%, marking a positive start to the new […]
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Biggest banks planning to sue the Federal Reserve over annual stress tests
A general view of the Federal Reserve Building in Washington, United States. Samuel Corum | Anadolu Agency | Getty Images The biggest banks are planning to sue the Federal Reserve over the annual bank stress tests, according to a person familiar with the matter. A lawsuit is expected this week and could come as soon […]
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Why the Dow is in such a historic funk and how concerned you should be
Key Points The biggest laggard in the Dow Jones Industrial Average has been UnitedHealth, which has contributed to more than half of the decline over the past eight sessions. There’s a rotation going on with investors selling out of the cyclical names in the 30-stock Dow that initially popped on Trump’s reelection. There are many […]
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Stocks making the biggest moves premarket: Pfizer, Tesla, SolarEdge, Red Cat and more
Check out the companies making headlines in premarket trading. Pfizer — The drugmaker’s stock climbed more than 2% in premarket trading after the company released 2025 forecast that met Wall Street expectations . Pfizer said it expects revenue between $61 billion and $64 billion next year, compared with a consensus estimate of $63.2 billion, per FactSet. Red […]
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