When US banks kick off the third-quarter earnings season Friday, it will mark the first in a long line of hurdles the group needs to clear in order to assuage investor fears. Bank stocks are hovering near the lowest level of the year, a mark hit in May following First...
Oil rose sharply Friday on fears that the fighting between Israel and Hamas could destabilize the Middle East and crimp global supply as Iran said a new front to the conflict was possible. West Texas Intermediate rose above $85 a barrel on Friday and is up about 3% this week....
All year, Wall Street pros have been sinking record sums of cash into the world’s largest Treasury ETF in a high-conviction bet that interest rates have peaked. All year they’ve been wrong, with an estimated $10 billion loss — yet that’s not stopping a cohort of dip buyers braving...
Jeff Bezos is adding a mansion in South Florida’s “Billionaire Bunker” to his real estate empire, months after buying the house next door. The Amazon.com Inc. founder, the world’s third-richest person, agreed to pay $79 million for a seven-bedroom mansion in Indian Creek, a man-made barrier island in the Miami...
A top House Republican is threatening to subpoena the Securities and Exchange Commission for any documents about U.S. involvement in crafting European Union environmental, social and governance regulations that GOP lawmakers say harm American businesses. House Oversight Committee Chairman James Comer expressed concern to SEC Chairman Gary Gensler in a...
As short sellers target traditional green stocks being hammered by inflation, an executive at the fund management arm of Goldman Sachs Group Inc. says there’s one kind of ESG asset that has what it takes to defy such headwinds. John Goldstein, Goldman’s global head of sustainability and impact solutions for asset and...
Wall Street analysts are boosting US earnings forecasts even before results start rolling in, signaling that the worst of the profit slump is likely over as ebbing inflation eases the pressure on a broad swath of industries. That’s pushed an indicator known as earnings-revision momentum — a gauge of upward-to-downward...
Federal Reserve Bank of Boston President Susan Collins said officials are taking a more patient approach to monetary policy now that rates are at or near their peak, though further rate increases are still possible. US central bankers can take more time to evaluate incoming economic data because they “are...
A Democrat on the US Securities and Exchange Commission is warning that syndicated loans sold widely to investors are stoking risks to the broader financial system. Regulators should consider whether additional investor protections are needed for the fast-growing market, Caroline Crenshaw, an SEC commissioner, said in a speech Wednesday. She...
Stagnant deal activity, easing volatility and peaking interest rates are set to compound pressure on bank earnings, according to Barclays Plc’s chief executive officer. Despite tentative signs of activity returning at the start of September, C.S. Venkatakrishnan said on Bloomberg’s In the City podcast that a dealmaking revival is still looking “a little further...