A stock rally on Wall Street lost steam on Monday, with the Dow Jones Industrial Average losing a more than 350 point gain from earlier in the session. The Dow Jones Industrial Average lost 215.65 points, or 0.69%, to 31,072.61 — accelerating losses in the final hour of trading and erasing a 356 point jump … Read more
Early investors in AMTD Digital Inc. have basically won the lottery, as the Hong Kong-based digital business developer’s stock has zoomed 3.165% higher over the past seven days. The HKD stock, -28.77% pulled back 16.6% in very volatile midday trading Wednesday — it has already been halted nine times for volatility — putting it on … Read more
Jared Cohen Anjali Sundaram | CNBC Goldman Sachs CEO David Solomon has hired another senior executive from the technology sector. The investment bank is adding Alphabet’s Jared Cohen, a protege of former Google CEO Eric Schmidt and founder of Jigsaw, an incubator at the tech giant, to help start a new innovation group, Solomon said … Read more
Major averages on Wall Street are rebounding this week, touching their highest levels in more than a month Wednesday as tech stocks rallied. It’s sparked talk that the bulls are returning to the market, with corporate earnings in the early innings largely holding up. But strategists at Goldman Sachs and elsewhere said this week that … Read more
Pawel Toczynski The Image Bank | Getty Images The US economy is going through one of the most difficult periods I’ve seen in my 40-year career. Inflation, labor shortages, supply chain disruptions — all of them are hitting big business hard and small businesses even harder. And so this week, at Goldman Sachs’ 10,000 Small … Read more
People walk by the New York Stock Exchange on May 12, 2022 in New York City. Spencer Platt | Getty Images News | Getty Images Goldman Sachs has slowed its hiring and is looking to cut the fees that it pays vendors as the investment bank prepares for tougher times ahead. But New York-based Goldman … Read more
Take a look at some of the biggest movers in the premarket: Goldman Sachs (GS) – Goldman gained 2.6% in premarket trading, following upbeat profit and revenue. Second-quarter earnings came in at $ 7.73 per share, compared to a consensus estimate of $ 6.58 a share. Goldman’s profit dropped from a year ago, however, as … Read more
Netflix signage next to the Nasdaq MarketSite in New York, US, on Friday, Jan. 21, 2022. Michael Nagle | Bloomberg | Getty Images Here are the most important news items that investors need to start their trading day: 1. Big earnings week More quarterly earnings reports will stream this week as companies and investors try … Read more
US Treasury yields slipped Wednesday as investors continue to assess the economic outlook amid rising recession fears. The yield on the benchmark 10-year Treasury note was down 11 basis points to 3.095%, while the yield on the 30-year Treasury bond dropped 9 basis points to 3.217%. Yields move inversely to prices. As the second quarter … Read more
Traders on the floor of the NYSE, July 12, 2022. Source: NYSE Investors are likely to switch their focus to earnings season, after the market’s wild ride on rising and falling expectations for Federal Reserve rate hikes. Stocks were volatile in the past week. The three major indexes posted sharp gains Friday, after worries the … Read more