A man carrying a box leaves a Deutsche Bank office in London, Britain July 8, 2019. Simon Dawson | Reuters Deutsche Bank shocked the world this month when it announced its retreat from equities trading. It won’t be the last investment bank to give up on the stock market. As laid-off employees were photographed trudging
Investing
A scientist at Gilead Sciences analyzes patient antibody levels at the Gilead laboratory in Foster City, Calif. David Paul Morris | Bloomberg | Getty Images Now is a good entry point into Gilead’s stock as the company begins to stabilize, while still trading at a discount to its peers, according to RBC Capital Markets. The
Starbucks President and Chief Executive Officer Kevin Johnson is pictured at the Annual Meeting of Shareholders in Seattle, Washington on March 20, 2019. Jason Redmond | AFP | Getty Images “ Here are the biggest calls on Wall Street on Monday: J.P. Morgan downgraded Starbucks to ‘neutral’ from ‘overweight’ J.P. Morgan downgraded Starbucks mainly on
An orthodontist uses a process called invisalign to straighten a patients teeth. Sammy Dallal | Getty Images | Digital First Media | Getty Images Shares of Align Technology, the company that makes Invisalign clear teeth aligners, plunged Thursday on the back of a dire warning about China and weaker-than-expected results. Align Technology CEO Joe Hogan
A trader on the New York Stock Exchange. Brendan McDermid | Reuters Critics of passive investing argue it is inflating the prices of high-flying stocks such as Amazon and creating a bubble in those names. However, data compiled by Ned Davis Research shows the bubble may be forming elsewhere. The firm found that real estate
A UPS driver pushes a load of packages from his truck to a building in downtown Los Angeles, California, July 22, 2019. Mike Blake | Reuters Here are the biggest calls on Wall Street on Thursday: Credit Suisse upgraded AT&T to ‘neutral’ from ‘sell’ Following the company’s earnings results, Credit Suisse upgraded the stock but
A Dish Network field service specialist installs a satellite television system at a residence in Denver. Matthew Staver | Bloomberg | Getty Images Winning is good. Unless your prize is becoming a wireless company. Such is the case for Dish Network, which is expected to shell out $1.4 billion for T-Mobile’s prepaid mobile business and
David Einhorn speaking at the 24th Annual Sohn Investment Conference in New York, on May 6, 2019. Adam Jeffery | CNBC David Einhorn revealed new positions Thursday in three stocks: Chemours, Dillard’s and Scientific Games. Einhorn told Greenlight Capital clients the positions were added in the second quarter. He described the Chemours stake as “medium
The Pets.com sock puppet dog stars in a commercial for the company, Jan. 11, 2000, in Los Angeles. Bob Riha | Liaison | Getty Images Greenlight Capital’s David Einhorn, who successfully made bets against companies including Enron, is likening hot IPO Chewy to dot-com bubble poster child Pets.com. In his quarterly letter to clients, Einhorn
Brian Moynihan, CEO, Bank of America Scott Mlyn | CNBC Here are the biggest calls on Wall Street on Friday: KBW upgraded Citi, Goldman Sachs, and Bank of America to ‘outperform’ from ‘market perform’ KBW said the three banks are best positioned to benefit from an “extended” economic cycle. “We are upgrading shares of Citigroup,
Justin Sun Yuchen, founder of Tron and CEO of BitTorrent, speaks during Ifeng Finance Summit at China World Summit Wing on November 4, 2015 in Beijing, China. (Photo by Jiang Xin/VCG via Getty Images) Jiang Xin | VCG | Getty Images Who would’ve thought Warren Buffett‘s charity lunch this year would involve kidney stones, a
On Wednesday, a big trader, perhaps the infamous trader know as “Fifty Cent” (named for his/her propensity to buy VIX call options worth 50 cents), bought some 261,000 VIX calls at the August 21st expiry 20 strike calls. (The CBOE Volatility Index is called the stock market’s fear gauge, tracking the price of options on
A woman enters Bear Stearns headquarters in New York, March 14, 2008. Daniel Acker | Bloomberg | Getty Images A former trader at Scotia Capital and Bear Stearns pleaded guilty Thursday to a federal crime and admitted manipulating precious metals markets for nine years — the latest in a series of crackdowns in the commodities
Elon Musk Jim Watson | AFP | Getty Images Wall Street analysts were disappointed but not surprised with Tesla‘s dismal earnings report on Wednesday after the bell. Many analysts continued to decry the lack of margin and profit improvement and said the company’s report still raises more questions than it answers. The automaker posted a
Source: Betterment Regulators have asked online wealth advisor Betterment to clarify some details surrounding its new checking and savings accounts just hours after they were launched. The digital wealth-management start-up unveiled new accounts that offer as much as a 2.69% annual yield. But Betterment was asked to provide more specifics to one of its regulators
A tourist poses with the Wall Street bull statue in the Financial District, August 21, 2018 in New York City. Drew Angerer | Getty Images If you’ve tired of reading reports about millennials, new research out Wednesday may be the last you’ll have to read because it suggests this generation has peaked. Along with this
The Federal Reserve heads into its meeting next week with three choices, each carrying its own advantages as well as drawbacks. Policymakers either can choose to hold interest rates steady, cut by a quarter or a half point. Raising rates isn’t an option and may well not be for several years. Markets are indicating that
A vacuuming Roomba model robot is displayed at iRobot headquarters in Bedford, Massachusetts Scott Eells | Bloomberg | Getty Images The U.S.-China trade war is badly hurting iRobot, the company that makes the Roomba robot vacuum cleaner. Shares of iRobot plummeted more than 13% in after-hours trading Tuesday after the company’s top executive said tariffs
Source: Betterment Online wealth advisor Betterment is launching checking and savings accounts. Founder and CEO Jon Stein said having the highest rate is part of a strategy to usher in new customers, and a more obvious way to compare value between banks and other fintech checking account offerings. “It’s really hard for banks to follow
Traders working on the floor of the New York Stock Exchange. Drew Angerer | Getty Images Danger is lurking in the stock market: A monster sell-off could be around the corner if the Federal Reserve doesn’t deliver the rate cut the market expects next week. That is because the market’s so-called depth has become so