A trader wears a Trump hat as he works on the floor of the New York Stock Exchange during the opening bell on Nov. 6, 2024.Timothy A. Clary | Afp | Getty ImagesOn Nov. 5, the presidential election handed a decisive victory for President-elect Donald Trump. In the days...
Donald Trump’s win last week was a shot in the arm for Wall Street. One of the surging sectors was cryptocurrency, as Bitcoin (BTC) broke out and sustained the torrid run this week, hurdling past $90,000 mark on Wednesday. On Nov. 6 when the election was called, MARA Holdings Inc...
Check out the companies making headlines in premarket trading. Walmart – The retail giant gained about 4% after posting fiscal third-quarter results that surpassed Wall Street's estimates. Walmart also boosted its guidance as customers buy more than groceries. Lowe's — The home improvement retailer's shares fell 1.7%. Although the...
LOS ANGELES, CALIFORNIA - AUGUST 20: The exterior sign of a Lowe's home improvement store is seen on August 20, 2024 in Los Angeles, California. The company beat fiscal second-quarter earnings expectations, but missed on sales and cut its full-year outlook blaming inflation. (Photo by Eric Thayer/Getty Images)Eric...
A general view of the gate of the Thyssenkrupp industrial area in Duisburg, Germany, on August 29, 2024. (Photo by Ying Tang/NurPhoto via Getty Images).Nurphoto | Nurphoto | Getty ImagesGermany's Thyssenkrupp on Tuesday reported a 1-billion-euro ($1.06 billion) impairment on its struggling steel division as the industrial powerhouse flagged...
The Walmart logo is seen outside of one of its stores in Selinsgrove, Pennsylvania.Paul Weaver | Lightrocket | Getty ImagesWalmart will report earnings before the bell on Tuesday, as inflation eases and the holiday season heats up.Here's what the discounter is expected to report for the fiscal third quarter,...
Hispanolistic | E+ | Getty ImagesCrypto investors could face higher taxes amid the surging price of bitcoin. But if you're in the 0% capital gains bracket, you can reduce future taxes with a lesser-known strategy, experts say. The tactic, known as tax-gain harvesting, is selling profitable crypto in a lower-income year....
Check out the companies making headlines in midday trading: Spirit Airlines — Trading in shares of the discount airline was halted on Monday after Spirit filed for bankruptcy . Trump Media & Technology Group — Shares in President-elect Donald Trump's media company pulled back roughly 5%. Although the stock...
A trader wears a Trump...
Check out the companies making...
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.
Advisors from two separate firms are joining forces to launch a new office for Totus Wealth Management, which has been affiliated with Cetera since 2021. The metro Atlanta office brings together Raymond Bardoul and Brian Fox with a combined $327 million in assets under administration. Bardoul was previously with MML...
The 76 million who make up the youngest American adults have values and priorities that are very much their own and advisors hoping to engage with them will need to recognize this. A new study from Edward Jones reveals that those aged 18-34 are having a tough time right now...
BMO Financial has announced some leadership changes within its Capital Markets and Investment & Corporate Banking groups. The catalyst is the retirement of long-time CEO and group head of the Capital Markets business, Dan Barclay, who will step down from the role at the end of this month but will...
The forces underlying the Treasury debt market are extremely adverse as the US is on an unsustainable fiscal path, a senior International Monetary Fund official said. “US deficits are elevated and they’re projected to be persistent,” said Vitor Gaspar, director of the IMF’s Fiscal Affairs Department. “Under unchanged policies, debt...
A house for sale in Arlington, Virginia, in July of 2023.Saul Loeb | AFP | Getty ImagesThe average rate on the 30-year fixed mortgage rose to the highest level since 2000 last week, but rates on adjustable-rate mortgages fell. That caused a run on these so-called ARMs, pushing total...
Stock markets that have refused to buckle under the highest yields since 2007 face a new test. Third-quarter results will shine a light on how much those rates are already hitting profits — and what they’ll do to lofty equity valuations. As the earnings season kicks off, corporate managers will likely be...
Emerging-market stocks just crossed another grim milestone: They’ve tumbled to the lowest level in 36 years relative to US equities. MSCI Inc’s benchmark for developing-nation equities slipped to begin the week as Israel’s retaliation against attacks by Hamas sparked fears of a broader conflict between the US and Iran. That took...
