JPMorgan Boosts Credit Reserves As Profits Tank, Jamie Dimon Warns About ‘Significant Challenges Ahead’
ToplineShares of JPMorgan Chase, the biggest U.S. bank by assets, fell on Wednesday after the firm reported earnings which showed ...
Tag: Policy
Markets Are Ignoring 8.5% Inflation Spike And Watching This Number Instead
ToplineThe stock market moved higher on Tuesday, even after consumer prices spiked 8.5% in the 12 months ending in March, ...
Dow Falls 400 Points As 10-Year Treasury Yield Hits Highest Level Since January 2019
ToplineStocks fell on Monday as government bond yields surged—with the 10-year Treasury jumping above 2.7%, its highest level since January ...
Here’s How Much Major Energy Companies Are Losing By Exiting Russia
ToplineMajor oil and gas companies, which scrambled to abandon operations in Russia following the invasion of Ukraine in late February, ...
Biden’s Thinking On Energy Is Deeply Flawed And Possibly Deadly
Transportation Secretary Pete Buttigieg made telling statements this week that revealed deep flaws in how the Biden Administration views the ...
Canada, Not Russia, Now Leading U.S. Importer Of Refined Petroleum Products
Canada now leads Russia in U.S. imports in the category of refined petroleum products, according to the most recent data ...
Stocks Rise As Investors Try To Shake Off Inflation Fears, Recent Fed Comments
ToplineThe stock market moved slightly higher on Thursday—clawing back some of its losses from earlier this week—as investors continued to ...
Billionaire Investor Ron Baron Remains Bullish On Tesla But Calls Musk’s Twitter Stake ‘Meaningless’
ToplineBillionaire investor Ron Baron, one of Tesla’s largest shareholders, told CNBC in an interview Thursday that Elon Musk’s roughly $3 ...
Senate Unanimously Passes Russian Oil And Gas Ban After Biden’s Executive Order
ToplineThe Senate on Thursday passed a bipartisan bill to ban Russian energy imports, building on an executive order signed by ...
Federal Reserve Hints At Bigger Rate Hikes Ahead, Outlines Plan To Shrink Balance Sheet
ToplineWith numerous Federal Reserve officials sounding the alarm on inflation, minutes from the central bank’s latest monetary policy meeting released ...
More Fed Officials Are Sounding The Alarm On Inflation And Spooking Markets
ToplineAn increasing number of Federal Reserve officials have recently spooked markets by warning about the economic impact of decades-high inflation ...
Major Bank Is First To Forecast A Recession—More Could Follow
ToplineAn increasing number of Wall Street experts are now forecasting a possible economic downturn on the horizon, with alarms growing ...
U.S. Adds Pressure On Russia By Blocking Bond Payments, Increasing Risk Of Default
ToplineThe Treasury Department on Monday blocked the Russian government from making sovereign debt payments using dollars held at American banks, ...
Tesla Cut From California EV Rebate Program After Price Hikes
Tesla may be the top-selling electric vehicle brand but in California, its biggest market in the U.S., the carmaker’s products ...
Wall Street Firms Are Slashing S&P 500 Price Targets—Here’s What They Predict For Markets
ToplineA majority of Wall Street’s biggest firms have recently been slashing their S&P 500 forecasts for this year, predicting lower ...
BlackRock CEO Larry Fink Says Russia-Ukraine War Is Upending World Order And Will End Globalization
ToplineThe war between Russia and Ukraine has heralded the end of globalization, as the conflict has upended the current world ...
Dow Falls 400 Points As Supply Disruptions Send Oil Prices Surging Higher
ToplineThe stock market tumbled on Wednesday as oil prices spiked yet again due to supply disruptions from Russia’s invasion of ...
Analysts Say These Stocks Can Rally 30% Or More As Investors Navigate A ‘Perfect Storm Of Headwinds’
ToplineWith markets getting whipsawed by concerns over inflation, rising interest rates and Russia’s invasion of Ukraine, analysts at one of ...
Stocks Jump As Investors Prepare For Bigger Fed Rate Hikes To Fight Inflation
ToplineThe stock market finished slightly higher and government bond yields surged on Tuesday as investors assessed the Federal Reserve’s more ...
History Shows Investors Who Buy During Bear Markets Will Likely See Huge Gains
ToplineStocks have been flirting with correction territory in recent months--and though the tech-heavy Nasdaq Composite dipped into a bear market ...
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