Double-digit percentage drop will hit stocks in 2023: Morgan Stanley
[ad_1] Investors may be on the doorstep of a deep pullback. Morgan Stanley’s Mike Wilson, who has an S&P 500 year-end target of 3,900 for next year, warns corporate America…
Apple, Taboola, Biogen and more
[ad_1] Take a look at some of the biggest movers in the premarket: Apple (AAPL) – Apple could reportedly see a production shortfall of close to 6 million iPhone Pro…
Why investors may want to add retail ETFs to their cart
[ad_1] ‘Tis the season for shopping — and maybe for some investors: ETFs. Despite consumer headwinds tied to the economic slowdown, Amplify ETFs’ Brian Giere sees opportunities in retail. “We…
Credit Suisse projects $1.6 billion fourth-quarter loss
[ad_1] Switzerland’s second largest bank Credit Suisse is seen here next to a Swiss flag in downtown Geneva. Fabrice Coffrini | AFP | Getty Images Credit Suisse on Wednesday projected…
CME’s Terry Duffy says he saw trouble before FTX collapse
[ad_1] A major exchange executive says he detected red flags months before the historic FTX collapse. CME Group CEO Terry Duffy said he suspected corruption at the cryptocurrency exchange the…
Warren Buffett explains his $750 million charitable donation on Thanksgiving eve
[ad_1] Warren Buffett donated more than $750 million in Berkshire Hathaway stock to four foundations associated with his family on Thanksgiving eve, and the legendary investor said the timing was no coincidence…
Credit Suisse shareholders greenlight $4.2 billion capital raise
[ad_1] The logo of Swiss bank Credit Suisse is seen at its headquarters in Zurich, Switzerland March 24, 2021. Arnd Wiegmann | Reuters Credit Suisse shareholders on Wednesday approved a…
John Malone says he’s skeptical of ad-supported content as Netflix, Disney roll out ad tiers
[ad_1] Liberty Media Chairman John Malone told CNBC he’s doubtful that adding commercials to long-form streaming content would help media companies be successful in the long run. “I’m a little skeptical as to…
Carnival, Advance Auto Parts and more
[ad_1] In an aerial view, the Carnival Miracle cruise ship operated by Carnival Cruise Lines sits docked at Pier 27 on September 30, 2022 in San Francisco, California. Justin Sullivan…
The election could be a big tailwind for stocks heading into the end of the year
[ad_1] On an historical basis, “the Sweet Spot of the 4-year cycle is now,” stock market historian Jeff Hirsch from the Stock Trader’s Almanac said in a recent note to…
BioNTech, Meta, Apple, Ouster and more
[ad_1] Take a look at some of the biggest movers in the premarket: BioNTech (BNTX) – The drugmaker’s shares slid 3.4% in the premarket despite reporting better-than-expected quarterly profit and…
Carl Icahn says he still thinks we are in a bear market despite Thursday’s rally
[ad_1] Famed investor Carl Icahn said Thursday’s relief rally didn’t change his negative view on the market, and he believes a recession is still on the horizon. “We keep our portfolio…
Cathie Wood’s Innovation ETF jumps 13%, on track for its best day ever
[ad_1] Catherine Wood, chief executive officer of ARK Investment Management LLC, participates in a panel discussion during the Milken Institute Global Conference in Beverly Hills, California, May 2, 2022. Lauren…
Wall Street layoffs pick up steam as Citigroup and Barclays cut hundreds of workers
[ad_1] A trader, center, wears a Citigroup jacket while working on the floor of the New York Stock Exchange (NYSE) in New York. Michael Nagle | Bloomberg | Getty Images…
Take-Two Interactive, Lyft, TripAdvisor and more
[ad_1] Take a look at some of the biggest movers in the premarket: Take-Two Interactive (TTWO) – Take-Two tanked 17.4% in the premarket after the videogame publisher cut its bookings…
An S&P 500 ETF delivering double-digit percentage dividends
[ad_1] Investors may want to consider JPMorgan’s Equity Premium Income Fund ETF in order to get more reliable gains in the current volatile market environment. According to the firm, the…
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…
Meta Platforms, ServiceNow, Align Technology and more
[ad_1] A logo of Meta Platforms Inc. is seen at its booth, at the Viva Technology conference dedicated to innovation and startups, at Porte de Versailles exhibition center in Paris,…
Under-the-radar trend shows tech investors loyal despite major losses
[ad_1] It appears most ETF investors aren’t cashing out of technology despite this year’s painful losses. The widely-held ARK Innovation ETF and the Technology Select Sector SPDR Fund, down 59% and…
Q3 2022 earnings and overhaul
[ad_1] Switzerland’s second largest bank Credit Suisse is seen here next to a Swiss flag in downtown Geneva. Fabrice Coffrini | AFP | Getty Images Credit Suisse on Thursday posted…
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…
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…
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…