Category: Companies

Updated Jan. 16, 2024 4:34 pm ET Stocks opened the week lower, hinting at why some investors believe the “everything rally” of late 2023 will be hard-pressed to continue.  All three major indexes are in the red for 2024 after Tuesday’s session. The S&P 500 slipped 0.4%, while the tech-heavy Nasdaq Composite dropped 0.2%. The […]

Jan. 16, 2024 12:49 pm ET Wall Street hardly ended last year with a bang. But given the challenges facing the other major business lines of the biggest banks, from lending to wealth management, trading and investment banking might prove to be their best bet in 2024. Across the five biggest Wall Street megabanks, investment-banking […]

Goldman Sachs reported sharply higher profit for the fourth quarter, bolstered by a strong performance in its asset and wealth management business. The bank on Tuesday said quarterly profit was $2.01 billion, up 51% from a year ago. Copyright ©2024 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8 Source link

Natural-gas prices have been low this winter, helped by healthy production and unusually warm weather. The current winter storm could change that temporarily, but the long-term forecast is still for more cheap gas for U.S. consumers—at least for the rest of this year. The U.S. entered this winter heating season with the most natural gas […]

Profits are growing again, and the Federal Reserve looks as if it will start cutting rates sometime this year. It is an unusual combination and, for the stock market, possibly a potent one. Earnings season has just gotten under way, with a bevy of big banks reporting fourth-quarter results on Friday. It is early days […]

Jan. 15, 2024 11:00 pm ET The new wave of U.S. bitcoin ETFs risk being doubly bad for investors.  As holders of bitcoin they undermine the very purpose, and so the long-term value, of a cryptocurrency. And as ETFs launched at a moment of popularity they might be repeating the mistake of many past thematic […]

Jan. 15, 2024 11:00 pm ET The blockbuster stock market rally stalled once the calendar flipped to 2024.  Some of the big tech stocks that drove the market’s advance last year appear to have run out of gas, government-bond yields have risen and inflation might not be cooling as quickly as some investors had hoped. […]

The more the U.S. government worries about China’s ambitions in the chip industry, the more equipment for making chips that China seems to buy. When ASML, the Dutch company that makes the world’s most advanced lithography machines for manufacturing microchips, reports fourth-quarter results next week, one of the most eye-catching numbers will be the share […]

Stock benchmarks in two of Asia’s largest economies climbed to historic highs, while U.S. equity and bond markets were shut for Martin Luther King Day. Bank earnings and economic data later this week could give clues about the Federal Reserve’s next steps. The stock and bond markets will reopen Tuesday. U.S. stock futures wavered Monday. […]

After an everything rally that pushed major stock indexes near new highs, some investors just want the good stuff. They are looking for quality stocks, broadly defined as shares of companies with some combination of growth, reliable profits and strong balance sheets. Those run the gamut from recent highfliers such as Microsoft and Nvidia to […]