Inflation accelerated in September but consumer spending was even stronger than expected, according to a Commerce Department report Friday.The core personal consumption expenditures price index, which the Federal Reserve uses as a key measure of inflation, increased 0.3% for the month, in line with the Dow Jones estimate and...
An intensifying bond rout is piling pressure on the global economy and creating a "tremendously dangerous" outlook for equities, the chief investment officer of Livermore Partners hedge fund said Friday.A new era of higher interest rates has caused bond yields to surge, hampering returns for investors and flipping on...
Check out the companies making headlines before the bell. Amazon — Amazon's stock surged 7% after the e-commerce giant reported strong third-quarter results and showed a 13% jump in revenue for the period. Earnings per share came in at 94 cents for the period, 36 cents above expectations, per...
A Chevron gas station on December 05, 2022 in Houston, Texas.Brandon Bell | Getty ImagesChevron posted a third-quarter profit that missed Wall Street estimates by a wide margin, sending its share price down in premarket trading.Oil company earnings have slumped from record year-ago levels as crude prices eased and...
Fuel prices are displayed at an Exxon Mobil Corp. gas station in Arlington, Virginia, U.S., on Wednesday, April 29, 2020.Andrew Harrer | Bloomberg | Getty ImagesExxon Mobil on Friday posted a $9.1 billion third-quarter profit, an about 54% drop from record earnings a year ago but up from the...
The Securities and Exchange Commission has intervened to protect what it claims are vulnerable investors, securing an emergency asset freeze against Julie Anne Darrah, a Santa Maria, California-based investment adviser, and her hybrid RIA Vivid Financial Management Inc. The regulatory body alleges that Darrah and VFM engaged in a fraudulent...
Global wealth manager Fiduciary Trust International has expanded its growing footprint in South Florida, to serve high-net-worth clients in the region. The $94 billion AUM firm provides a customized investment and wealth management offering, including access to leading alternative investment managers, family office services, trust and estate management, and sustainable...
Baird Private Wealth Management has expanded its capabilities in Dallas with the addition of a $160 million team that joins from Carter. The Berg Group comprises two advisors, Joel Berg, who joins as a director and financial advisor, and Robert (Bob) Berg, who joins as a vice president and consultant....
The S&P 500 is at risk of dropping another 5% after the index fell below a key technical level this week, according to Bank of America Corp.’s Michael Hartnett. The strategist — among the more bearish voices on U.S. stocks — said that now that the S&P 500 had breached...
Embattled debt investors like the look of 5% Treasury yields as they weigh the risk-versus-reward scales for the world’s biggest bond market. The rise in yields to levels last seen before the financial crisis reflects a run of solid data, with the US economy growing last quarter at the fastest pace since...