Latest investing news and finance headlines straight from Wall Street.
-
TSMC beats first-quarter revenue and profit expectations on strong AI chip demand
TSMC is the world's largest producer of advanced processors and counts companies such as Nvidia and Apple as its clients.
-
Wall Street pushes out rate-cut expectations, sees risk they don't start until March 2025
Experts now see the Fed waiting until at least September and are increasingly entertaining the possibility of no cuts at all this year.
-
Regional bank earnings may expose critical weaknesses, former FDIC Chair Sheila Bair warns
Sheila Bair, who ran the FDIC during the financial crisis, is nervous about a handful of regional banks going into earnings.
-
K-pop stocks have sold off this year, but Goldman sees a turnaround
The K-Pop market is 'misunderstood', says Goldman Sachs, and it is on track for further growth in its global fanbase
-
Who should pay for the first date? Dating coaches and a couples therapist weigh in
Dating experts say the man in heterosexual couples should generally pay the check.
-
Fed Chair Powell says there has been a 'lack of further progress' this year on inflation
Powell said that while inflation continues to make its way lower, the current state of policy should remain intact.
-
Watch Fed Chair Powell speak live during a policy forum in Washington
Fed Chair Jerome Powell speaks to the Wilson Center's Washington Forum on the Canadian Economy.
-
Morgan Stanley tops expectations on wealth management, trading and investment banking results
How did Morgan Stanley CEO Ted Pick do in his first quarter leading the company?
-
Bank of America tops estimates on better-than-expected interest income, investment banking
Bank of America on Tuesday reported first-quarter earnings that topped analysts' estimates for profit and revenue.
-
Freetrade, Britain's answer to Robinhood, posted its first quarterly profit
British stock trading app Freetrade hit breakeven earlier this year, the company told CNBC, marking its first-ever move into the black.
-
Goldman Sachs tops first-quarter estimates fueled by trading, investment banking
Goldman CEO David Solomon has taken his lumps in the past year, but a turnaround appears to be underway, fueled by a rebound in Wall Street activities.
-
'Buffett really was not a great stock picker': Financial researcher Larry Swedroe on how investors can emulate the billionaire investor
Larry Swedroe, who's considered one of the market's most esteemed researchers, thinks Warren Buffett's investment style doesn't work well anymore.
-
90% of qualifying electric-vehicle buyers opt for $7,500 'new clean vehicle' tax credit as upfront payment, Treasury says
Most qualifying buyers of new electric vehicles choose to get their tax break as an advance payment instead of waiting until tax season.
-
Citigroup tops estimates for first-quarter revenue on better-than-expected Wall Street results
Citigroup posted first-quarter revenue that topped estimates, helped by better-than-expected results in the bank's investment banking and trading operations.
-
Wells Fargo earnings top estimates even as lower interest income cuts into profits
Wells Fargo on Friday reported first-quarter earnings and revenue that beat Wall Street expectations, despite a decline in net interest income.
-
JPMorgan Chase shares drop after bank gives disappointing guidance on 2024 interest income
JPMorgan Chase on Friday posted profit and revenue that topped Wall Street estimates as credit costs and trading revenue came in better than expected.
-
Physical gold offers more protection than mining stocks, says State Street’s George Milling-Stanley
Gold bars can be a valuable hedge during stock market weakness, according to gold expert George Milling-Stanley.
-
What to expect from bank earnings as high interest rates pressure smaller players
JPMorgan Chase, the nation's largest lender, kicks off earnings for the industry on Friday, followed by Bank of America and Goldman Sachs next week.
-
Goldman Sachs promotes head of strategy and investor relations, Carey Halio, to global treasurer
Halio's new role encompasses authority over the firm's more than $1.6 trillion balance sheet. She'll report to Chief Financial Officer Denis Coleman.
-
'Lose-lose situation': New Swiss bank laws could derail UBS' challenge to Wall Street giants
Switzerland's new banking regulations create a "lose-lose situation" for UBS and may limit its potential to challenge Wall Street, says Beat Wittmann of Porta Advisors.