Investors are holding near-record levels of cash and may be poised to snap up stocks
Dollar banknotes.Simpleimages | Moment | Getty ImagesInvestor cash holdings are near record highs, and that could be good news for stocks since there is a wall of money ready to come right back into the market.But the question is this: Will those investors return any time soon, especially with sentiment still so sour and stocks […]
Discover Financial, Alcoa and more
An aluminum coil stands in a warehouse awaiting transport, at an Alcoa World Alumina Australia smelting plant, partially owned by Alumina Ltd., in Point Henry, Australia.Carla Gottgens | Bloomberg | Getty ImagesCheck out the companies making headlines in after-hours trading.Discover Financial Services — Shares of Discover Financial Services slid 6.2% after the credit card company […]
Microsoft, Moderna, Mobileye, Chegg and more
Microsoft Corporation headquarters at Issy-les-Moulineaux, near Paris, France, April 18, 2016.Charles Platiau | ReutersCheck out the companies making headlines in midday trading.J.B. Hunt Transport Services — The transportation stock jumped 4% after executives said on an earnings call that they expect to see the freight market rebound in second quarter going into third quarter as […]
United Airlines, Moderna, IBM and more
A United Airlines plane taxis at Newark International Airport, in Newark, New Jersey, on January 11 2023.Kena Betancur | AFP | Getty ImagesCheck out the companies making headlines in premarket trading.United Airlines – Shares of United Airlines rose 3.5% after the company reported quarterly earnings that topped Wall Street’s estimates for the fourth quarter, signaling […]
Goldman Sachs, Morgan Stanley, Roblox, Alibaba and more
Brendan McDermid | ReutersCheck out the companies making headlines in midday trading.Goldman Sachs — Shares of the Wall Street investment bank shed more than 7% after it reported its worst earnings miss in a decade. Goldman Sachs missed analysts’ estimates on both the top and bottom lines, with loan loss provisions coming in higher than […]
Richest 1% amassed almost two-thirds of new wealth created since 2020: Oxfam
Skyline in lower Manhattan.Gary Hershorn | Corbis News | Getty ImagesOver the last two years, the richest 1% of people have accumulated close to two-thirds of all new wealth created around the world, a new report from Oxfam says.A total of $42 trillion in new wealth has been created since 2020, with $26 trillion, or […]
Goldman, Pfizer, Cheesecake Factory, Alibaba and more
A Cheesecake Factory restaurant in Louisville, Kentucky.Andy Lyons | Getty ImagesCheck out the companies making the biggest moves midday:Goldman Sachs — The bank slid more than 2% after reporting earnings-per-share and revenue that missed Wall Street estimates Tuesday.related investing newsPfizer — Wells Fargo downgraded the pharmaceutical giant to equal weight from overweight on Monday, saying […]
Gold rises 1% on slower Fed rate-hike prospects
Hand holding gold bullion.Edgar Su | ReutersGold prices scaled an over nine-month peak on Friday, holding above the key pivot of $1,900 per ounce, as cooling U.S. inflation raised hopes for slower interest rate hikes from the Federal Reserve.Spot gold rose 1.3% to $1,920.70 per ounce, the highest since end-April 2022. The metal has risen 2.9% so far this week.related investing […]
Global economy going into recession, 2023 growth to slow
The World Bank slashed its global growth forecasts from projections it made in mid-2022 on the back of what it sees as broadly worsening economic conditions.The international development institution downgraded almost all of its forecasts for advanced economies in the world, cutting its growth outlook for the global economy to 1.7% for 2023, it said […]
JPMorgan Chase, Wendy’s and more
A sign is posted in front of a Wendy’s restaurant on August 10, 2022 in Petaluma, California.Justin Sullivan | Getty ImagesCheck out the companies making headlines in midday trading.JPMorgan – Shares of the biggest U.S. bank by assets rose more than 2% after the firm posted fourth-quarter profit and revenue that topped expectations. The New […]