Today: November 14, 2024
Today: November 14, 2024

Latest From Niket Nishant

Business|Finance|Stock Markets|US

NYCB short sellers stare at $42 million in losses after post-earnings rally, Ortex says

Traders shorting New York Community Bancorp's stock were sitting on more than $42 million of losses on Wednesday after the lender's better-than-expected

NYCB short sellers stare at $42 million in losses after post-earnings rally, Ortex says
Business|Finance|Stock Markets|Technology|US

Robinhood's crypto business drives massive earnings beat

Online brokerage Robinhood Markets beat estimates for first-quarter profit on Wednesday, thanks to robust crypto trading volumes and rate hikes that

Robinhood's crypto business drives massive earnings beat
Business|Finance|Stock Markets|Technology

Robinhood makes headway beyond trading

Robinhood Markets' suite of new products, including its credit card and futures trading platform, will be crucial to drive growth as market fluctuations

Robinhood makes headway beyond trading
Business|Finance|Stock Markets|US

Billionaire quant investing pioneer and philanthropist James Simons dies at 86

Billionaire investor James Simons, the mathematician and Cold War code-

Billionaire quant investing pioneer and philanthropist James Simons dies at 86
Business|Finance|News|Stock Markets|US

NYCB falls as profitability comes into focus after $5 billion loan sale

New York Community Bancorp's shares reversed course to trade down 4% as a deal to sell $5 billion of mortgage warehouse loans failed to assuage investors

NYCB falls as profitability comes into focus after $5 billion loan sale
Business|Finance|Stock Markets|Technology|US

Morgan Stanley CEO says AI could save financial advisers 10-15 hours a week

The use of artificial intelligence (AI) could save Morgan Stanley's financial advisers between 10 and 15 hours a week, the bank's CEO Ted Pick

Morgan Stanley CEO says AI could save financial advisers 10-15 hours a week
Business|Finance

BlackRock teases indexes for private markets after Preqin deal

BlackRock could start offering indexes and exchange-traded funds (ETFs) for private markets, the asset manager said on Monday, after it announced a

BlackRock teases indexes for private markets after Preqin deal
Business|Economy|Finance|Stock Markets|US

Goldman profit tops estimates as dealmaking cushions hit from GreenSky, real estate

Goldman Sachs' third-quarter profit dropped less than expected as a nascent recovery in dealmaking offset an $864 million writedown related to its

Goldman profit tops estimates as dealmaking cushions hit from GreenSky, real estate
Business|Finance|Stock Markets|US

First Foundation plunges as 'unexpected' fund raise puts real estate loans in focus

First Foundation shares slumped roughly 24% on Wednesday to their lowest since November after the Texas-based lender with a huge portfolio of multifamily

Business|Finance|Stock Markets|US

US bank profits face pressure from lower interest payments, higher credit losses

Some of the largest U.S. banks will probably report weaker profits for the second quarter as they earn less from interest payments and set aside

US bank profits face pressure from lower interest payments, higher credit losses
Business|Finance|Stock Markets

JPMorgan profit rises to record, fueled by investment banking

JPMorgan Chase beat estimates for second-quarter profit on Friday as a resurgence in dealmaking and strong capital markets fueled record results.

JPMorgan profit rises to record, fueled by investment banking
Business|Finance|Stock Markets|US

Goldman Sachs profit tops estimates on robust debt underwriting, fixed-income trading

Goldman Sachs' profit more than doubled in the second quarter and beat analysts' estimates on strong debt underwriting and fixed-income trading,

Goldman Sachs profit tops estimates on robust debt underwriting, fixed-income trading
Business|Economy|Finance|Stock Markets|US

BofA profit beats expectation on robust investment banking, trading

Bank of America's second-quarter profit dropped as higher deposit costs pushed its interest income lower, but the results beat analysts' estimates, boosted

BofA profit beats expectation on robust investment banking, trading
Business|Economy|Finance|US

US regional banks build stronger safety nets as CRE pain lingers

U.S. banks have boosted their provisions for credit losses as deteriorating commercial real estate (CRE) loans and high interest rates fuel

US regional banks build stronger safety nets as CRE pain lingers
Business|Economy|Finance|News|Stock Markets|US

Visa's revenue miss prompts caution on Wall Street

Visa's underwhelming third-quarter revenue prompted a number of brokerages to cut their price targets on the company's stock, stoking concerns about slowing

Visa's revenue miss prompts caution on Wall Street
Business|Finance|Stock Markets|US

Ackman's Pershing Square fund sets $2 billion target for US IPO

Hedge fund manager Bill Ackman said on Tuesday that is his new portfolio in the United States will raise roughly $2 billion in capital, a fraction

Ackman's Pershing Square fund sets $2 billion target for US IPO
Business|Finance|Technology

PayPal's turnaround plan faces challenges from competition, analysts say

As PayPal embarks on an ambitious turnaround strategy to revitalize growth after a post-pandemic slump, Wall Street analysts expressed some caution over

PayPal's turnaround plan faces challenges from competition, analysts say
Business|Technology|US

Coinbase expects US to be crypto-friendly irrespective of election outcome

The next U.S. administration will be "constructive" on crypto regardless of which party wins, Coinbase CEO Brian Armstrong said late on Thursday,

Coinbase expects US to be crypto-friendly irrespective of election outcome
Business|Finance|Technology

Schwab, Fidelity resolve temporary disruptions on frenetic trading day

Charles Schwab and Fidelity Investments have resolved technical issues with their apps, the online brokerages said on Monday, on a day users rushed to

Schwab, Fidelity resolve temporary disruptions on frenetic trading day
Business|Finance|Technology

Robinhood's push into futures may not be easy if not free, J.P. Morgan says

Robinhood's entry into futures trading this year could be met with some caution by retail traders if it charges a fee, J.P.

Business|Economy|Finance|Stock Markets

B. Riley stock extends losses after bank delays quarterly report

Investment bank B.

News

B. Riley says co-founder has offered to take it private

B.

Business|Economy|Finance

US regional bank deals rise as lenders aim to bolster balance sheets

Regional lenders at the heart of last year's banking crisis are cutting more deals to shore up their balance sheets and compete with rivals, extending a

US regional bank deals rise as lenders aim to bolster balance sheets
Business|Economy|Finance|US

Bank of America boosts US minimum hourly wage to $24

Bank of America has raised its minimum hourly wage in the United States to $24, it said on Tuesday.

Bank of America boosts US minimum hourly wage to $24
Business|Finance|US

Citi's chief accounting officer Johnbull Okpara departs

Citigroup's chief accounting officer and controller Johnbull Okpara resigned to pursue another opportunity, effective Tuesday, the bank said in a filing

Citi's chief accounting officer Johnbull Okpara departs

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