Cattle photographed in New Zealand. Agriculture plays a major role in New Zealand's economy, especially when it comes to exports.David Clapp | Stone | Getty ImagesNew Zealand's prime minister told CNBC the country has to look beyond its own backyard for trade opportunities, as the South Pacific island nation signs...
Wall Street's biggest financial institutions kick off fourth-quarter earnings on Wednesday, with portfolio names Wells Fargo , Goldman Sachs , and BlackRock set to report results before the opening bell. The rally in financial stocks last year, which really started in October 2023, went into high gear in the...
A view from the United States Department of the Treasury building in Washington DC, United States on December 30, 2024. The US Treasury Department was cyberattacked by a Chinese state-sponsored actor in early December. Celal Gunes | Anadolu | Getty ImagesThe federal budget sank further into red ink during December,...
Check out the companies making headlines in midday trading. Eli Lilly – The drugmaker's shares tumbled more than 7% after the firm said demand for its weight loss and diabetes drugs would not meet its lofty expectations . Eli Lilly said it now expects full-year 2024 revenue of about...
Customers shop for clothing at a Costco store on December 11, 2024 in Novato, California. Justin Sullivan | Getty ImagesA measure of wholesale prices increased less than expected in December, providing indication that pipeline inflation pressures eased to close the year though likely not enough to provoke another Federal Reserve...
Check out the companies making headlines in premarket trading. Technology stocks — The group that was under pressure in Monday's session bounced before the bell, trying to regain some of the lost ground. Nvidia and Palantir climbed more than 1% in Tuesday premarket trading, while AppLovin gained 0.7%. The...
Check out the companies making headlines in midday trading. Quantum stocks — Quantum computing stocks dropped after Meta Platforms CEO Mark Zuckerberg became the latest high-profile executive to ease expectations for the technology. Rigetti Computing dropped 27%, while D-Wave Quantum shed 32%. The Defiance Quantum & AI ETF lost...
Clearwater Analytics, a company developing accounting, compliance, and risk reporting tools for asset managers, said on Monday it has entered into a definitive agreement to acquire investment management platform Enfusion for $1.5 billion. Clearwater, which says it has obtained an $800 million loan to fund the transaction, along with a...
Check out the companies making headlines before the bell. Quantum stocks — Quantum stocks tumbled on Monday morning, following comments from Mark Zuckerberg echoing Nvidia CEO Jensen Huang that quantum is at least a decade away from being a "useful paradigm." Zuckerberg made the comments on a Friday episode...
ORLANDO, Fla. -- Lululemon and Abercrombie & Fitch raised their fourth quarter outlooks on Monday after seeing a strong response from shoppers during the all-important holiday season. Lululemon's new outlook went over well with investors, leading shares to rise about 3% in premarket trading. But Abercrombie shares dropped about 8%...
Wall Street's biggest financial institutions...
A view from the United...
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.
Pepsi products at a convenience store in Crockett, California, US, on Friday, June 16, 2023.David Paul Morris | Bloomberg | Getty ImagesPepsiCo on Tuesday reported quarterly earnings and revenue that beat analysts' expectations and raised its outlook for its full-year earnings.Shares of the company rose 2% in premarket trading.Here's what the...
Stratos Wealth Holdings has hired a new national business development manager as it seeks to grow its reach across the U.S. Gary Kuhn joins the firm from workforce solutions firm Nesco Resource but was previously with MassMutual following its acquisition of MetLife’s advisor business where he began his career in...
European shares rallied after dovish comments by Federal Reserve officials and the prospect of more economic stimulus by China brought some risk appetite back to markets as investors continue to evaluate the potential impact of the Israel-Hamas conflict. Treasuries jumped, catching up with Monday’s global government bond rally, when cash trading in the US...
The annual meetings of the International Monetary Fund and World Bank kick off this week against a backdrop of escalating global conflict and debt distress. A new outbreak of violence in Israel and the grinding war in Ukraine add a grim dynamic to the Washington-based lenders’ efforts to rally their...
The outbreak of conflict in the Middle East is adding to a long list of concerns that has investors dumping developing-nation assets for the safety of the dollar. The surprise weekend attack on Israel sent Middle Eastern stocks plunging and rippled across crowded currency trades. Equity gauges in Dubai and...
Investors are backing off from bets on a continued selloff in US stock futures, according to Citigroup Inc. strategists. Although positioning in both S&P 500 and Nasdaq 100 futures remains moderately bearish, “the pace of flows has slowed significantly,” the team led by Chris Montagu wrote in a note dated...
As bond markets everywhere get battered by a cocktail of higher interest rates, deficit angst and hawkish central bankers, one class of debt instrument is handing creditors double-digit returns: catastrophe bonds. Investors in the $40 billion market for so-called cat bonds have literally been sitting out the storm to reap...
