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 USS Truxtun (DDG-103) destroyer sits in dry dock at the General Dynamics Corp. NASSCO shipyard facility on the Elizabeth River in Norfolk, Virginia, on Jan. 9, 2018.Luke Sharrett | Bloomberg | Getty ImagesCheck out the companies making headlines in midday trading.Spotify — Shares of the music streaming service...
Legendary investing guru Peter Lynch popularized the idea of investing in what you know and what you see with your own two eyes. So when financial advisors view the half-empty office buildings right in front of them, should they also be seeing an investment opportunity for their clients? The commercial...
Carnival's Breeze cruise ship leaves the Port of Miami.Christina Mendenhall | Bloomberg | Getty ImagesAs vacationers emerge into a post-pandemic travel world, cruises have made a spectacular comeback – and ticket prices are surging.Cruise operators like Carnival and Royal Caribbean Cruises are setting some ticket prices higher than pre-pandemic...
People wait in departing section at Ben Gurion Airport, Israel's only international airport, after many flights from abroad are cancelled due to the attacks launched by Palestinian factions in Tel Aviv, Israel on October 8, 2023.Turgut Alp Boyraz | Anadolu Agency | Getty ImagesSeveral airlines have suspended service to...
Nelson Peltz speaking at the 2019 Delivering Alpha conference in New York on Sept. 19, 2019.Adam Jeffery | CNBCA proxy battle between Nelson Peltz and Disney is brewing for the second time this year.Peltz's activist firm, Trian Fund Management, has increased its stake in Disney to about 30 million...
