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.
In the often crazy world of financial technology, startups and incumbents are in a (rat) race to provide innovative solutions. Hopefully, solutions that address actual gaps and inefficiencies in the traditional banking system. However, in the haste to innovate and disrupt, many fintech companies overlook the fundamental principle of...
People play pickleball at Central Park in New York City on April 8, 2023.Wang Fan | China News Service | Getty ImagesAmerica's fastest-growing sport is looking to be … quieter?The governing body of the sport, USA Pickleball, announced on Monday a new initiative to get pickleball to pipe down...
The AMC 25 and Regal Cinemas on 42nd Street in Times Square, New York.Richard Levine | Corbis | Getty ImagesMovie theater shares popped Monday following news of a tentative labor deal between the Writers Guild of America and the Alliance of Motion Picture and Television Producers."The world's movie theatres...
Schwab Asset Management is making an aggressive attempt to offer some of the cheapest bond exchange-traded funds on the market. The asset manager announced Monday that it will cut fees on the $50 million Schwab High Yield Bond ETF (SCYB) and the $11.6 billion Schwab U.S. TIPS ETF (SCHP) to...
Half the states in the country suing the DOL won’t get the agency to budge on its new rule that allows retirement plan fiduciaries to consider ESG factors. Last Thursday, coincidentally during Climate Week NYC, U.S. District Court Judge Matthew Kacsmaryk granted summary judgment to the Department of Labor, finding...
Anxious Americans feel the need to choose — financially speaking, that is. According to a new survey by diversified financial services provider Thrivent, concerns about the economy and rising levels of personal debt have an increasing number of Americans feeling pressured to prioritize their financial needs. Most notably, Thrivent’s 2023...
Jeff Bezos' Blue Origin will replace CEO Bob Smith with outgoing Amazon executive Dave Limp, CNBC has learned.Smith is retiring effective Dec. 4 and will remain with the company until Jan. 2 for the CEO transition, according to notes to Blue Origin staff written by Smith and Bezos that...
