Powell says exactly what Wall Street wants to hear
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Wall Street, Asia and Shares
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Goldman Sachs, JPMorgan, Morgan Stanley, Bank of America and Citi all posted strong earnings returns — signs a dealmaking wave may be here to stay.
In the latest quarter, the largest U.S. banks led by JPMorgan Chase (JPM.N), Goldman Sachs (GS.N), and Bank of America (BAC.N) flagged big profits from the booming business of prime brokerage, which involves lending cash and securities to hedge funds to help execute large trades.
Megacap technology stocks and bank shares were leading the gains on Wall Street as the broader market was bouncing back from its selloff into the close in the previous session. "While there’s little economic data on the calendar again today,
The server maker, focused on new AI opportunities, forecast weaker-than-expected revenue growth for the coming year. It also boosted its dividend by10%.
Stellantis shares jolted higher by $13B investment in U.S. manufacturing. Netflix to carry video podcasts from Spotify. JPMorgan CEO Jamie Dimon says it’s ‘semi-rational’ to own gold.
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Andrew Ross Sorkin on worrying similarities between Wall Street today and 1929's pre-crash market
DealBook founder and Squawk Box co-host Andrew Ross Sorkin takes a look at the crash of 1929 in his new book. He tells 60 Minutes what may it may indicate about today's stock market.
Morgan Stanley and Bank of America on Wednesday reported third-quarter financial results that blew past investors’ expectations, thanks in part to their dealmakers’ and traders’ fortunes. Mergers and acquisitions and initial public offerings are picking up,
Vertical has acquired director Alfredo Barrios Jr.'s film that counts 'Entourage' creator Doug Ellin as a producer and also stars Chris Diamantopoulos and Jay Mohr.