Prices that consumers pay for a variety of goods and services rose again in December but closed out 2024 with some mildly better news on inflation, particularly on housing.The consumer price index increased a seasonally adjusted 0.4% on the month, putting the 12-month inflation rate at 2.9%, the Bureau...
Boston, Massachusetts, January 15th, 2025, FinanceWireFollowing the Success of its First Fund, Team Launches Fund II to Help High Net-Worth Investors Capitalize on Growth in the Bitcoin EcosystemThe Bitcoin Opportunity Fund, a hedge fund seeking to generate higher risk-adjusted returns through diversification into the Bitcoin ecosystem, has announced its...
BlackRock's assets hit a record high of $11.6 trillion in the fourth quarter of last year as the world's largest money manager posted a 21% profit jump, with fee income buoyed by stronger equity markets.Assets managed by the New York-based company increased to $11.55 trillion from $10.01 trillion a...
How much post-election optimism does corporate America have? We are about to find out. Here's the good news on earnings: Earnings tailwinds for 2025 Strong earnings growth (14.0%) Profit margins near record highs Broader earnings contributions from stocks outside of the Magnificent Seven Here's the bad news: Earnings headwinds for...
Check out the companies making headlines in premarket trading. JPMorgan Chase — The banking giant reported fourth-quarter results that beat analyst expectations thanks to strong performances from its fixed income and investment banking businesses. The company earned $4.81 per share on revenue of $43.74 billion. Analysts polled by LSEG...
Jane Fraser speaks during the Milken Institute Global Conference in Beverly Hills, California, U.S., on Monday, April 29, 2019.Kyle Grillot | Bloomberg via Getty ImagesCitigroup is set to report its fourth-quarter earnings Wednesday morning ahead of Wall Street's opening bell.Here are some of the key metrics to watch and...
The skyscrapers of the Frankfurt skyline in the evening, with the Deutschherrn Bridge in the foreground.Frank Rumpenhorst | Picture Alliance | Getty ImagesThe German economy contracted by 0.2% in 2024, in the country's second consecutive yearly slowdown, data from statistics office Destatis showed Wednesday.The drop was in line with...
The fintech sector is at the forefront of a global revolution, reshaping how financial services are delivered and consumed. This dynamic industry thrives on innovation, leveraging technology to disrupt traditional banking models and set new standards for customer experience. Businesses and consumers alike are witnessing a seismic shift in...
CEO of Chase Jamie Dimon looks on as he attends the seventh "Choose France Summit", aiming to attract foreign investors to the country, at the Chateau de Versailles, outside Paris, on May 13, 2024.Lucovic Marin | Getty ImagesJPMorgan Chase is scheduled to report fourth-quarter earnings before the opening bell...
David Solomon, Chairman & CEO Goldman Sachs, speaking on CNBC's Squawk Box at the World Economic Forum Annual Meeting in Davos, Switzerland on Jan. 17th, 2024.Adam Galici | CNBCGoldman Sachs is scheduled to report fourth-quarter earnings before the opening bell Wednesday.Here's what Wall Street expects:Earnings: $8.22 per share, according...
Boston, Massachusetts, January 15th, 2025,...
Gregg Greenberg spent 14 years as a journalist at TheStreet.com where he wrote the highly popular column "The 5 Dumbest Things on Wall Street This Week". His work has appeared in magazines ranging from Glamour to ESPN the Magazine, and on humor sites such as Points in Case.
The Internet of Things industry is rapidly expanding, and it offers individuals across the globe a variety of digital devices and sensors. The IoT (Internet of Things) is a network of internet-connected devices that collect and transmit information. It is transforming the banking industry by personalizing rewards and offerings,...
Luis Alvarez | Digitalvision | Getty ImagesHigh health care costs are hitting women in the U.S. workforce much harder than men.Working women spend $15.4 billion more in out-of-pocket health expenses annually compared to their male counterparts, according to a new analysis of employer-sponsored health plans from Deloitte Consulting.The study...
The recipe for success in the registered investment advisor space is clear: Attract the best advisors in the country to join a strong, efficient firm. While that straightforward approach only involves a few steps, the strategy becomes complicated when you consider that most of the best advisors strive to...
Sales of newly built homes fell 8.7% in August from July, to a seasonally adjusted annualized pace of 675,000 units, according to the U.S. Census Bureau. That is the slowest pace since March. Sales were still 5.8% higher than August 2022.The Census count is based on signed contracts during...
A team of five financial advisors who managed more than $500 million in assets at Merrill Lynch has joined Raymond James’ employee advisor channel, Raymond James & Associates, the firm announced Tuesday. The advisors, who will operate as Meyer Rotolo Wealth Management of Raymond James in Slidell, Louisiana, are John...
