Breaking News: Investing
- Finance
Jamie Dimon says economic boom fueled by deficit spending, vaccines could ‘easily run into 2023’
Jamie Dimon is bullish on the U.S. economy – at least for the next few years. Dimon, the long-serving JPMorgan…
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Morgan Stanley dumped $5 billion in Archegos’ stocks the night before massive fire sale hit rivals
The night before the Archegos Capital story burst into public view late last month, the fund’s biggest prime broker quietly…
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GameStop shares cut losses after the Reddit favorite plans a $1 billion stock sale
John Smith | Corbis News | Getty Images Shares of GameStop pared their double-digit losses in volatile trading Monday after…
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Investors see higher interest rates as the biggest threat to stocks, expect 10-year yield to hit 2%
Traders work on the floor of the New York Stock Exchange (NYSE) on March 16, 2020 in New York City.…
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Goldman Sachs is close to offering bitcoin and other digital assets to its wealth management clients
Goldman Sachs is close to offering its first investment vehicles for bitcoin and other digital assets to clients of its…
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Meet Bill Hwang, the man behind Archegos, the fund that sent shockwaves through Wall Street
A massive margin call affected a little-known family office last Friday, incurring billions of dollars in losses for certain banks…
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How Goldman and Morgan Stanley avoided losses after fund meltdown burned Nomura, Credit Suisse
People are seen on Wall St. outside the New York Stock Exchange (NYSE) in New York City, March 19, 2021.…
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Credit Suisse is giving junior bankers special $20,000 bonuses, raises after Goldman analyst revolt
Credit Suisse bank. NurPhoto | NurPhoto | Getty Images One Wall Street firm may have found a solution to the…
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Citigroup CEO Jane Fraser calls for Zoom-Free Fridays and new bank holiday as pandemic fatigue grows
Citigroup CEO Jane Fraser told staff that she is banning internal video calls on Fridays, encouraging staff to set boundaries…
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What investors have learned one year since the stock market bottomed
Traders work on the floor of the New York Stock Exchange. NYSE It’s the anniversary of the big drop: What’s changed? …
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SPACs break 2020 record in just 3 months, but the red-hot industry faces challenges ahead
Traders work during the opening bell at the New York Stock Exchange (NYSE) on March 5, 2020 at Wall Street…
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Goldman’s junior bankers complain of crushing workload amid SPAC-fueled boom in Wall Street deals
A pedestrian passes in front of 200 West Street, which houses the headquarters of Goldman Sachs Group Inc., in New…
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Plug Power dives after announcing it will restate financial results
Plug Power GenDrive Fuel Cell with GenFuel hydrogen. Source: Plug Power Shares of Plug Power dropped more than 15% during…
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The U.S. solar industry posted record growth in 2020 despite Covid-19, new report finds
Peter Cade | Stone | Getty Images U.S. solar installations reached a record high during 2020 as favorable economics, supportive…
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Warren Buffett’s net worth surpasses $100 billion for the first time as Berkshire shares hit record
Warren Buffett. Gerald Miller | CNBC Warren Buffett‘s net worth topped $100 billion for the first time as Berkshire Hathaway…
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The SEC says never invest in a SPAC based solely on a celebrity’s involvement
The headquarters of the US Securities and Exchange Commission (SEC) is seen in Washington, DC, January 28, 2021. Saul Loeb…
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Chevron CEO believes stock is a great long-term value play, which attracted Buffett to the name
Michael Wirth, CEO, Chevron, speaking at the World Economic Forum in Davos, Switzerland, Jan. 23, 2020. Adam Galica | CNBC…
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Cathie Wood’s Ark Innovation fund is set for a big rebound Tuesday as Tesla, other tech darlings pop
Cathie Wood, CEO and founder of ARK Invest. CNBC Widely followed investor Cathie Wood is about to recoup some of…
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Exxon CEO Darren Woods promises investors a strong dividend despite 2020 losses
Exxon CEO Darren Woods emphasized the oil giant’s commitment to its dividend after the company lost more than $20 billion…
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‘Buzz’ ETF tracking social media sentiment launches Thursday amid Reddit manias in stocks
The logos of Google, Facebook, Instagram, Twitter, Snapchat and TikTok displayed on a computer screen. Denis Charlet | AFP via…
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Shares of Rocket Companies are dropping after a 70% irrational pop in the heavily shorted name
A Reddit logo seen displayed on a smartphone with stock market prices in the background. Omar Marques | LightRocket |…
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Shares of Rocket Companies, a large short target of hedge funds, jump more than 20%
The WallStreetBets forum on the Reddit Inc. website on a laptop computer and the logo on a smartphone arranged in…
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Buffett is buying back more Berkshire stock this year after record $25 billion repurchase in 2020
Warren Buffett during an interview with CNBC’s Becky Quick on February 24, 2020. It turned out to be another year…
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Stocks just got some new competition from bonds as 10-year rate tops dividend yield
Bonds have been shunned by many investors as rock-bottom rates made them unattractive relative to equities. On Thursday, the bond…
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Workhorse Group drops nearly 50% after EV company is passed over for USPS contract
Workhorse W-15 Electric Pickup Truck. Source: Workhorse Shares of Workhorse Group dropped more than 50% at one point on Tuesday…
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Wells Fargo shares jump after Fed reportedly approves bank’s overhaul plan
A pedestrian wearing a protective mask walks past a Wells Fargo & Co. bank branch in New York, U.S., on…
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Hedge funds that hunkered down after GameStop are now missing out on market gains
Pavlo Gonchar | LightRocket | Getty Images Hedge funds are still licking their wounds after a retail trading frenzy forced…
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JPMorgan invests in private-stock trading venue with Palantir link amid demand for pre-IPO shares
Zambato Mountain View Office Source: Zambato JPMorgan Chase is taking a stake in a private stock trading platform with links…
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Robinhood-GameStop hearing will scrutinize how brokerages get paid for trades
With attention focused on Robinhood, GameStop and retail traders at Thursday’s congressional hearings, trading volumes are very much in focus,…
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Texas outages hit water supplies as thousands struggle without power for a fourth day
Propane tanks are placed in a line as people wait for the power to turn on to fill their tanks…
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Citadel billionaire Ken Griffin defends Melvin stake against ‘an insane conspiracy theory’
Ken Griffin, the billionaire CEO of hedge fund Citadel, defended his $2 billion investment in short seller Gabe Plotkin’s Melvin…
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