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High Rates Help Bank of America’s Earnings but Weigh on Balance Sheet
Bank of America ‘s third-quarter earnings topped expectations, thanks in part to higher interest rates.…
Rite Aid Bankruptcy Latest Sign of Trouble at the Pharmacy Counter
The U.S. retail pharmacy business is in big trouble. The latest sign came Monday, with…
This ‘Boring’ Market Is Our Key To 10% Dividend Payouts
Way too many financial writers have been decrying this market “pullback” we’ve seen in the…
Johnson & Johnson Stock Rises. It Lifts Guidance in First Post-Kenvue Report.
Johnson & Johnson raised its full-year financial guidance as it reported its first results since…
Buybacks Become Too Big To Ignore
Key News Asian equities were higher on light volumes as investors kept an eye on…
Energy Market Risks of Israel-Hamas War Are Growing
About the author: Karen E. Young is a senior research scholar at Columbia University’s Center…
Snap Stock Rallies on News Report of CEO’s Bullish Note to Staff
Snap shares rallied 12% on Monday in response to an upbeat note from CEO Evan…
The Great Reset of Property Prices Is Underway. Brace for More Carnage.
About the author: Greg Friedman is CEO of Peachtree Group, a real estate investment firm.…
Rite Aid Is Filing For Bankruptcy: Here’s What’s Happened
Key Takeaways Rite Aid has filed for Chapter 11 bankruptcy protection, and has received a…
Birkenstock’s stock up 4.5% to put it on track for first gain since IPO last week
Birkenstock Holding PLC’s stock BIRK, +4.59% rose 4.5% Monday, putting it on track for its…
Charles Schwab’s stock rises as company says clients are moving cash into higher-yielding alternatives more slowly
Charles Schwab Corp.’s stock rose on Monday after the financial-services company said its bank sweep…
LinkedIn plans layoff of more than 660 people
Microsoft Corp.’s MSFT, +1.50% wholly owned subsidiary LinkedIn plans to lay off 668 people from…
Markets See Measured Fed Rate Cuts In 2024
The Fed funds rate is expected to decline by the end 2024, but not by…
Peltz’s Trian Fund Management amasses stake in Allstate: report
Nelson Peltz’s hedge fund Trian Fund Management has amassed a stake in insurer Allstate Corp.…
Bitcoin price briefly rallies 10% on false spot ETF report
The price of bitcoin on Monday rallied following a false report on social media that…