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Stories tagged: Wall Street

It’s high times for soaring marijuana stocks on Wall Street

Investors are craving marijuana stocks as Canada prepares to legalize pot next month, leading to giant gains for Canada-based companies listed on U.S. exchanges. Some experts are concerned that the …

UPDATED: Wed., Aug. 15, 2018, 3:46 p.m.

Stocks tumble as tech, commodities trigger fears

U.S. stocks had their worst day in seven weeks Wednesday amid a broad decline in global equities as technology shares were roiled by disappointing results from Chinese internet giant Tencent …

Wall Street claims success on diversity — at least with interns

This year’s crop of interns is Bank of America’s “most diverse group ever,” the lender told investors on its second-quarter earnings call. Women comprise 45 percent of the current class …

Big banks saved $3.6B in taxes last quarter under new law

The nation’s six big Wall Street banks posted record, or near record, profits in the first quarter, and they can thank one person in particular: President Donald Trump.

Tumbling banks hold back S&P 500 as earnings season launches

Bank stocks buckled on Friday, even after several reported fatter profits than analysts expected, and the sharp declines overshadowed gains elsewhere in the market to drag the S&P 500 lower.

UPDATED: Fri., March 23, 2018, 6:58 p.m.

U.S. stocks take more losses as investors fear trade war

Stocks around the world plunged Friday as investors feared that a trade conflict between the U.S. and China, the biggest economies in the world, would escalate. A second day of …

UPDATED: Thu., March 22, 2018, 8:57 p.m.

Asian shares slump on fears of trade war between US, China

Asian stock markets slumped Friday after Beijing responded to the Trump administration’s tariff hikes by saying it may order higher import duties on a range of U.S. goods, ratcheting up …

Stocks fall as S&P 500 closes out cruelest month in two years

U.S. stocks sank again on Wednesday and cemented February as the worst month for the market in two years.

Investor Warren Buffett says good deals tough to find

Investor Warren Buffett says Wall Street’s lust for deals has prompted CEOs to act like oversexed teenagers and overpay for acquisitions, so it has been hard to find deals for …

Colgate-Palmolive shares fall on sales, growth concerns

Colgate-Palmolive Co. shares fell Friday after the consumer products maker posted revenue that missed forecasts.

Long shutdown could hurt economy, a short one just ‘a blip’

If the shutdown lasts just days or even a couple of weeks, the robust stock market that President Donald Trump has boasted about probably will emerge unscathed. A longer impasse, …

Wall Street’s Goldman Sachs to offer home improvement loans

Wall Street’s best known investment bank is looking to help you renovate your bathroom.

Wall Street’s love of tax cuts drove Dow to 25,000 mark

The Dow Jones industrial average surged past 25,000 Thursday, a strong signal of investor enthusiasm for President Donald Trump’s $1.5 trillion tax cut. The milestone comes less than a year …

Tesla’s scant disclosures leave Wall Street guessing on Model 3

Tesla may have delivered about four times more Model 3 sedans last quarter than in the prior three months, or boosted sales by a factor of 40, depending on which …

UPDATED: Fri., Dec. 29, 2017, 4:25 p.m.

U.S. stocks slide on final trading day of 2017

Wall Street capped 2017 with a loss, weighed down by a broad slide in light trading ahead of the New Year’s holiday.

UPDATED: Thu., Nov. 30, 2017, 7:02 p.m.

Even with stocks at record highs, experts see ‘Santa’ jump

December on average is the best month for stocks. Investors call the gains a Santa Claus rally: a late-year boost that helps the markets end on a high note. Although …

Tax loopholes for Wall Street’s wealthiest loom in House bill

Lawmakers who sped a bill through the U.S. House last week may have handed a few more goodies to Wall Street’s wealthiest than they realize.

UPDATED: Wed., Nov. 8, 2017, 3:17 p.m.

AT&T exec says ‘uncertain’ when Time Warner deal will close

AT&T now says it’s “uncertain” when its $85 billion Time Warner purchase will close.

Big banks score win with scrapping of consumer dispute rule

President Trump and Republicans in Congress handed Wall Street banks a big victory by effectively killing off a politically popular rule that would have allowed consumers to band together to …

White House welcomes Senate vote killing consumer rule

The White House is welcoming a congressional measure killing the ability of millions of Americans to band together to sue bank or credit card companies to resolve financial disputes in …

Roku aims to raise $252 million with IPO

Video streaming pioneer Roku hopes to raise just over $252 million in an initial public offering as it tries to expand into more households.

Stock market’s Goldilocks rally still has growth potential

The “Goldilocks” rally still has juice. That perfect environment to sustain broad market gains – when global growth is fast enough to lift corporate profits, but tame enough to keep …

Apple takes Dow over 22,000 points; other stocks are mixed

A big gain from Apple Wednesday morning sent the Dow Jones industrial average above 22,000 for the first time. Most other industries were trading lower, with health care and household …

UPDATED: Wed., July 26, 2017, 4:28 p.m.

Fed keeps key interest rates unchanged amid low inflation

The Federal Reserve is keeping its benchmark interest rate unchanged at a time of low inflation, which remains persistently below the Fed’s target level.

UPDATED: Wed., July 19, 2017, 3:51 p.m.

Wall Street efforts to improve its image fail to sway Americans

Bad news for financial titans like JPMorgan Chase’s Jamie Dimon and Goldman Sachs Group’s Lloyd Blankfein: Most Americans hold unfavorable views of Wall Street banks and corporate executives, and distrust …

NYSE sounds warning about regulations choking off U.S. IPOs

Regulations have made it more difficult to raise capital through stock sales, choking off access to vital capital for fledgling companies, the New York Stock Exchange’s chief told members of …

UPDATED: Thu., June 15, 2017, 7:33 p.m.

This is peak investing: Stocks, bonds and concerns are up

If it feels precarious to have so many investments doing so well, particularly when the economy itself is still growing only modestly, markets are giving few indications of worry.

Motley Fool: Its non-refining interests make Phillips 66 worth a look

Its businesses of chemicals, midstream, and marketing and specialties have kept it in the green during the refining sector’s recent challenges, and those segments hold the company’s most compelling growth …

UPDATED: Tue., June 6, 2017, 5:13 p.m.

General Motors shareholders reject stock split

General Motors shareholders have overwhelmingly turned down an activist shareholder’s plan to split the company’s stock into two classes.

UPDATED: Tue., May 30, 2017, 10:07 a.m.

Amazon’s stock tops $1,000 for the first time

Amazon, the e-commerce giant that has changed how much of the world shops for books, toilet paper and TVs, hit a new milestone. Its stock topped $1,000 for the first …