Dow turns positive, stocks pare losses as market heads for second weekly gain to kick off 2023
admin U.S. stocks pared early losses on Friday with the Dow turning mildly positive as investors…
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Is the market bottom in? 5 reasons U.S. stocks could continue to suffer heading into next year.
With the S&P 500 holding above 4,000 and the CBOE Volatility Gauge, known as the…
Read MoreElon Musk slashing jobs at Twitter to avoid $700M loss next year: sources
Elon Musk’s drastic decision to lay off half of Twitter’s workforce on Friday was driven…
Read MoreHuntington Bancshares takes long view as other banks scramble on mortgages, auto loans and lower deposits
Huntington Bancshares Corp. stock rallied Friday as the financial-services company raised its outlook for net…
Read MoreMorgan Stanley evaluating job cuts, CEO says
Morgan Stanley CEO James Gorman said the marquee investment bank is studying potential job cuts…
Read MoreS&P 500 would be in an ‘earnings recession’ if not for this one booming sector — but that may not last long
Fears of an actual recession are weighing on investors near the end of 2022, but…
Read MoreJPMorgan, Citi, Morgan Stanley and Wells Fargo kick off bank earnings season in choppy waters
JP Morgan Chase & Co., Citigroup Inc., Wells Fargo & Co. and Morgan Stanley kick…
Read MoreBanks dial up risk-taking in OTC derivatives trades by using many of the same non-bank counterparties, a study says
A working paper on counterparty choice by major banks in the $12.4 trillion over-the-counter derivatives…
Read MoreFed official suggests easing of big-bank merger rules as competition from fintech increases
The U.S. Federal Reserve Board should consider relaxing bank-merger guidelines focused on branch concentration, last…
Read MoreBig banks to pay nearly $2 billion for ‘widespread and longstanding failures’ in keeping text-message records
Nearly a dozen financial institutions agreed to pay more than $1.8 billion collectively for failing…
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