Bank of New York Mellon’s stock jumped into record territory Friday, after the trust bank reported a second-quarter earnings beat and approved a 12% boost to its dividend.
Despite record levels for stock prices and rising bullishness on Wall Street, JPMorgan Chase didn’t stray from its more conservative outlook on the risk to the economy from inflation, geopolitical upheaval and other potential pitfalls.
Also: Estate planning mistakes, a hot bond market and a possible rotation for stocks.
Consumers’ optimism about the economy fell to an eight-month low in July over frustration with high prices, even though they expect inflation to slow over the next year.
This may come as a surprise to some: U.S. presidential elections and policies don’t impact the short-term cost of gasoline at the pump, according to Patrick De Haan, head of petroleum analysis at GasBuddy.
Yamal’s release clause is by far the most expensive ever. Would a team actually pay it?
Set a goal for your investments and keep these four things in mind
“Unlike a Star Trek episode, this will probably not work, but it’s worth a shot,” said SpaceX CEO Elon Musk.
Oil futures rose Friday morning, aiming for a third straight winning session, after finding modest support the previous day following a cooler-than-expected June consumer-price index reading that reinforced expectations for the Federal Reserve to begin cutting interest rates later this year.
Goldman Sachs downgraded Diageo from a neutral rating as its analysts predicted a slump in the U.S. spirits market will have an outsized impact on its sales
A study finds a drug known for weight loss may also help to reduce dementia.
The company said that the hacked data “does not contain the content of calls or texts, personal information such as Social Security numbers, dates of birth, or other personally identifiable information.”
Lake Cornelia Research Management’s chief investment officer Judd Arnold says stocks could be looking at a repeat of recent history if an unwind of a popular trade continues on Friday.
“We are now 70, have a few health issues and do not want to be a financial burden to our children as we age.”
Meta, Netflix and Super Micro are possible candidates, but Microsoft may be “sort of above it all.”
A CNN report that Germany, with the help of U.S. intelligence, foiled an assassination attempt on the chief executive of an arms manufacturer helps bring the surging stock-market gains of the European defense sector into focus.
Eisman, who was played by Steve Carell in the 2015 movie ‘The Big Short,’ played down concerns about the current economy as he argued AI will boost the world’s top tech companies
Bond yields were steady Friday morning, one day after benign inflation data sent short-term yields down by the most in six months.
The secluded treehouse-inspired home in Highlands, N.C., was designed by architect Jim Fox to blend in with its natural surroundings.
Thursday should have a banner day for Cathie Wood. It wasn’t for her flagship fund.
