Category: Companies

Listen to article (2 minutes) Young Black Americans are among the fastest-growing segments of stock-market investors. Nearly 40% of Black Americans owned stocks in 2022, up from just under a third in 2016, according to the most recent Federal Reserve data. During that same period the share of white households with stocks grew to nearly […]

Taiwan has voted: bringing the independence-leaning Democratic Progressive Party an unprecedented consecutive third term in the presidency. Now the world is waiting on Beijing, which claims Taiwan but doesn’t rule it. Saturday’s DPP victory, with around 40% of the vote, could mean more scary headlines in the near-term. Another set of large-scale military exercises, similar […]

Brian Armstrong has become the new face of crypto.  Coinbase Global, the cryptocurrency exchange he co-founded in 2012, is one of the last big digital-asset companies standing after a string of high-profile collapses and government crackdowns. Armstrong’s former rivals—FTX founder Sam Bankman-Fried and Binance founder Changpeng Zhao, who once boasted far greater influence and wealth—are […]

Goldman Sachs has given up on lending to Main Street consumers. Now it’s doubling down on wealthy clients. The Wall Street giant is increasing lending to its private-wealth clients, individuals and families who on average have $60 million with the bank. In its trading department, loans to institutional clients, including hedge funds seeking to borrow […]

Listen to article (1 minute) Up and down the income ladder, people say more money would make them happier. When they actually get it, that isn’t always the case.  Some people who have gotten big raises recently say the money hasn’t changed their day-to-day life or hasn’t provided them as much joy as the things […]

Americans are eating more cheese and butter. That has dairy farmers scrambling to get their cows to produce fattier milk. The efforts include using different cow breeds and feed mixes, and making sure animals are comfortable and don’t get too hot. The result is that the average amount of butterfat in milk produced by U.S. […]

As much as luxury companies would love to stamp out the secondhand trade in their products, it’s an impossible task. All the better for fashionistas and investors, who can both benefit from this booming business. Shoppers have splashed out $1.3 trillion on new luxury handbags, clothes, watches and jewels over the past four years alone. […]

The S&P 500 overcame big declines in airline stocks and shares of companies that rely on discretionary spending Friday to inch closer to a new all-time high. The benchmark stock index ended Friday less than 0.1% higher, within 0.3% of a record high that has stood for more than two years. The tech-heavy Nasdaq Composite […]

Morgan Stanley agreed Friday to pay $249 million to settle criminal and regulatory investigations into allegations that some employees improperly shared information about clients’ stock sales, the Manhattan U.S. attorney’s office said. The resolution ends a long-running probe into how the bank sold large blocks of stock for institutional investors. Morgan Stanley obtained a nonprosecution […]

Updated Jan. 12, 2024 8:00 am ET JPMorgan Chase’s fourth-quarter profit slipped, but it was still enough to push the bank to a record-breaking result for the full year. Throughout 2023, the nation’s biggest bank benefited from higher interest rates, which increased margins in its lending business. When other banks suffered in a crisis of […]