Berkshire Hathaway Q3 earnings BRK
[ad_1] Berkshire Hathaway Chairman and CEO Warren Buffett. Andrew Harnik | AP Berkshire Hathaway on Saturday posted a solid gain in operating profits during the third quarter despite rising recession…
Wells Fargo mortgage staff brace for layoffs as U.S. loan volumes collapse
[ad_1] Mortgage volumes at Wells Fargo slowed further in recent weeks, leaving some workers idle and sparking concerns the lender will need to cut more employees as the U.S. housing…
JPMorgan Chase unveils payments platform for landlords and tenants
[ad_1] A JPMorgan logo displayed on a smartphone. Omar Marques | SOPA Images | LightRocket via Getty Images JPMorgan Chase is betting that landlords and tenants are finally ready to…
Upgrade offers 3.5% APY as deposits battle heats up
[ad_1] Upgrade CEO Renaud Laplanche speaks at a conference in Brooklyn, New York, in 2018. Alex Flynn | Bloomberg via Getty Images Credit card startup Upgrade is releasing a new…
U.S.-listed Chinese stocks drop after Beijing’s power reshuffle makes the market ‘uninvestable’
[ad_1] More and more Asian companies have announced share buybacks in recent weeks. Chinese internet giant Alibaba has said it will increase its share buyback program from $15 billion to…
JPMorgan president Daniel Pinto says a recession is likely and markets may fall further as the Fed raises rates
[ad_1] Daniel Pinto, co-president and chief operating officer of JPMorgan Chase & Co., speaks during the Institute of International Finance (IIF) annual membership meeting in Washington, D.C., Oct. 18, 2019.…
JPMorgan Chase gives early payday deposits to Secure Banking customers
[ad_1] Signage outside a Chase bank branch in San Francisco, California, on Monday, July 12, 2021. David Paul Morris | Bloomberg | Getty Images JPMorgan Chase is giving some customers…
U.S. consumer soldiering on despite inflation, recession risk
[ad_1] Shoppers carry bags in San Francisco, California, on Thursday, Sept. 29, 2022. David Paul Morris | Bloomberg | Getty Images U.S. consumers have demonstrated a willingness to continue to…
SPAC liquidations top $12 billion this year as sponsors grapple with tough market, new buyback tax
[ad_1] Chamath Palihapitiya, Social Capital Founder and CEO CNBC A new buyback tax has motivated more and more SPAC sponsors to close up shop before the year-end, adding another headwind…
GS (Goldman Sachs) earnings 3Q 2022
[ad_1] Goldman Sachs posted third-quarter results Tuesday that topped analysts’ expectations for profit and revenue on better-than-expected trading results. Here are the numbers: Earnings: $8.25 a share vs. $7.69 per…
Goldman CEO David Solomon to break up struggling consumer finance unit
[ad_1] Goldman Sachs’ Chairman and CEO David Solomon attends a session at the 50th World Economic Forum (WEF) annual meeting in Davos, Switzerland, January 21, 2020. Denis Balibouse | Reuters…
Bank earnings watched for clues on slowing economy after Dimon’s warning
[ad_1] Big American banks have mostly resisted bulking up loan loss reserves this year as the financial health of consumers and corporations has held up despite mounting recession concerns. That…
Wells Fargo WFC Q3 2022 earnings
[ad_1] Pedestrians pass a Wells Fargo bank branch in New York, U.S., on Thursday, Jan. 13, 2022. Victor J. Blue | Bloomberg | Getty Images Wells Fargo said Friday that…
Jamie Dimon says expect ‘other surprises’ from choppy markets after U.K. pensions nearly imploded
[ad_1] Jamie Dimon, chief executive officer of JPMorgan Chase & Co., during a Bloomberg Television interview in London, U.K., on Wednesday, May 4, 2022. Chris Ratcliffe | Bloomberg | Getty…
MS (Morgan Stanley) earnings 3Q 2022
[ad_1] Morgan Stanley CEO James Gorman participates in a conversation-style interview with Economic Club of Washington in Washington September 18, 2013. Yuri Gripas | Reuters Morgan Stanley on Friday posted…
MS (Morgan Stanley) earnings 3Q 2022
[ad_1] Morgan Stanley CEO James Gorman participates in a conversation-style interview with Economic Club of Washington in Washington September 18, 2013. Yuri Gripas | Reuters Morgan Stanley on Friday posted…
Investors believe aggressive Fed will keep stock market down for the rest of 2022, CNBC survey shows
[ad_1] Traders work on the floor of the New York Stock Exchange (NYSE) in New York, September 26, 2022. Brendan McDermid | Reuters (Click here to subscribe to the new Delivering Alpha…
Cathie Wood’s new fund gives small investors access to the VC market for just $500
[ad_1] Cathie Wood, chief executive officer and chief investment officer, Ark Invest, speaks during the Milken Institute Global Conference on May 2, 2022 in Beverly Hills, California. Patrick T. Fallon…
Ken Griffin says Fed has not done enough, must continue on its path to reset inflation expectations
[ad_1] Ken Griffin, Citadel’s founder and CEO, believes the Federal Reserve has more work to do to bring down inflation even after a series of big rate hikes. “We should…
Stanley Druckenmiller sees ‘hard landing’ in 2023 with a possible deeper recession than many expect
[ad_1] Billionaire investor Stanley Druckenmiller believes the Federal Reserve’s attempt to quickly unwind the excesses it helped build up for a decade with easy monetary policy will not end well for the…
Wall Street’s fear gauge hits highest level since June
[ad_1] Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., January 31, 2018. Brendan McDermid | Reuters A measure of fear in stocks…
The Fed forecasts hiking rates as high as 4.6% before ending inflation fight
[ad_1] U.S. Federal Reserve Board Chairman Jerome Powell speaks during a news conference at the headquarters of the Federal Reserve, July 27, 2022 in Washington, DC. Drew Angerer | Getty…
Palantir CEO Alex Karp says tidal wave of macroeconomic risks will wipe out some companies
[ad_1] Palantir co-founder and CEO Alex Karp believes this period of “deadly” macroeconomic uncertainties will crush many companies with shaky fundamentals. “Bad times are incredibly good for Palantir … bad times really…
Lauren Taylor Wolfe says it’s just too risky for investors to ignore ESG amid recent pushback
[ad_1] (Click here to subscribe to the Delivering Alpha newsletter.) According to Deloitte, global ESG assets under professional management could be worth $80 trillion by 2024. But this growth in popularity combined…
Wall Street slump leads to 50% plunge in JPMorgan advisory revenue
[ad_1] Daniel Pinto, JPMorgan’s chief executive of corporate and investment bank. Simon Dawson | Bloomberg | Getty Images The deal-making slowdown that has weighed on Wall Street this year shows…