A severe surplus in the iron-ore market caused by the renewed pressure in China’s property market will sink prices of the commodity over the second half of the year, Goldman Read more
Tag: security brokering
Palantir stock’s ‘strength will prove unsustainable,’ analyst says in downgrade
Palantir Technologies Inc. shares are up nearly 50% from their May lows, but one analyst worries that “this strength will prove unsustainable.” Monness, Crespi, Hardt & Co. analyst Brian White Read more
Goldman Sachs, Bank of America earnings shrink but offer some bright spots
Goldman Sachs Group Inc. and Bank of America Corp. shares rose Monday on stronger-than-expected second-quarter results, while Bank of America Corp. shares fell back on an earnings miss. The two Read more
Earnings expectations for 2023 likely to be revised lower, Goldman warns
The second-quarter earnings season started in earnest on Thursday with disappointing reports from JPMorgan Chase & Co. and Morgan Stanley. On top of missing profit expectations, JPM also announced a Read more
Stocks may keep falling as this ‘harbinger’ points to potential ‘hit’ to companies’ forward profits, warns Morgan Stanley
Pain in the battered stock market may continue to intensify this year as companies face headwinds from weak consumer confidence and a drop in new manufacturing orders relative to inventory Read more
Why Apple’s BNPL efforts could mark a ‘tipping point’ in lending
Apple Inc.’s expansion into buy-now pay-later financing could be just the beginning of an attempt to shake up the traditional payments system. The consumer-electronics giant has made other ventures into Read more
Wall Street profit expectations for megabanks cooled only slightly despite deep freeze in stocks
The disconnect between healthy business performance and ailing share prices in 2022 will likely continue for megabanks through this year’s second-quarter earnings season, amid bear market conditions for stocks. Investors Read more