The rental car company, which filed for bankruptcy early in the pandemic and emerged on June 30, has filed paperwork with the Securities and Exchange Commission for an initial public offering. The company signaled its plans for the IPO in …
Goldman Sachs said that it posted a profit of $5.4 billion for the third quarter, which works out to $14.93 a share. Analysts were forecasting earnings of $10.18 a share. Revenue also surpassed expectations, surging 26% from a year ago …
Goldman Sachs, the Dow’s top stock of 2021, continues to impress Read More »
Cryptocurrency investors were excited by a tweet from the verified account of the SEC’s Office of Investor Education and Advocacy late Thursday that said, “before investing in a fund that holds Bitcoin futures contracts, make sure you carefully weigh the …
Bitcoin tops $60,000 as investors bet on ETF approval Read More »
“While there’s been some discussion around the slowdown, I would just note that US economy is now as large as it was … pre-pandemic,” Bank of America CEO Brian Moynihan told analysts Thursday. Wall Street is cheering the latest earnings …
What big bank earnings tell us about America’s economy Read More »
Morgan Stanley (MS), Citigroup (C), Bank of America (BAC) and even troubled Wells Fargo (WFC) posted healthy results that surpassed analysts’ expectations. Shares of BofA were higher in early trading, while Morgan Stanley and Citi were flat. Wells Fargo’s stock …
Stocks soar as America’s biggest banks are booming Read More »
The US consumer price index rose 5.4% over the previous year in September, according to data published Wednesday. Stripping out food and energy, which tend to be more volatile, prices rose 4% over the same period. Inflation has now been …
The ‘swear word’ at the heart of the great inflation debate Read More »
Dimon said he is not worried about the possibility of inflation heating up in the next few months during a call with reporters about JPMorgan Chase’s third quarter earnings Wednesday. He bluntly said “that’s life” and added that the fact …
Jamie Dimon says worst of pandemic may soon be over Read More »
“The market is tip toeing forward lost as it is in the fog and trying to find its way,” Sebastien Galy, senior macro strategist at Nordea Asset Management, said in a research note. Investors may be about to get some …
Investors want clarity. They might not like what they see Read More »
Harry and Meghan are working with Ethic, a five-year-old firm that promotes investing in companies with good environmental, social and governance (ESG) track records. Ethic confirmed the partnership in a blog post Tuesday. “They’re deeply committed to helping address the …
Meghan and Harry are getting into the sustainable investing game Read More »
Dimon once again attacked the top cryptocurrency, calling it “worthless” during a virtual summit Monday. “I personally think bitcoin is worthless, but I don’t want to be a spokesperson,” he said during a virtual appearance at the Institute of International …
Jamie Dimon bashes bitcoin again, calling it ‘worthless’ Read More »
