Charles Schwab shares drop 12% even as the firm defends financial position
Charles Schwab shares fell on Monday even as the financial institution defended its portfolio, easing fears of a banking crisis in the aftermath of tech-focused...
Global markets plunge after US bank stocks sell off
London/Hong Kong CNN — Markets in Europe and Asia tumbled Friday following a sharp selloff in banking stocks in the United States as a major...
David Einhorn says investors should be ‘bearish on stocks and bullish on inflation’
Greenlight Capital’s David Einhorn said Wednesday he’s keeping his negative stance on the stock market as inflation and interest rates could shoot higher. “I think...
It has ‘lost a little bit of control of inflation’
JPMorgan Chase CEO Jamie Dimon said Thursday that containing inflation remains a work in progress for the Federal Reserve, while noting the U.S. economy continues...
Gold giant Newmont’s $16.9 billion bid for Australia’s Newcrest clouded by deal doubts
Melbourne Reuters — Top gold producer Newmont (NEM) Corp said it had made a $16.9 billion offer for Australian peer Newcrest (NCMGF) Mining to build...
Dimon says Congress shouldn’t play games with U.S. creditworthiness
Jamie Dimon, President, CEO & Chairman of JP Morgan Chase, speaking on Squawk Box at the WEF in Davos, Switzerland on Jan. 19th, 2023. Adam...
Premarket stocks: The world has a major debt problem. Is a reset coming?
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Dow closes 300 points lower after strong jobs data signals more rate hikes
Stocks fell Thursday after jobs data showed the labor market is still strong despite the Federal Reserve’s interest rate hikes to tame inflation. The Dow...
Dow drops 700 points as December sell-off continues
Tesla shares slide Shares of Tesla dropped more than 9% during Thursday trading. The automaker offered a $7,500 discount on its Model 3 and Model...
Dow closes up 500 points, lifted by upbeat earnings, strong consumer confidence data
Stocks jump for a second day Stocks rose for a second day on Wednesday following upbeat earnings results from Nike and FedEx. The Dow Jones...