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News Articles: Wall Street

This year's rally has really depended on seven stocks that Wall Street refers to as 'The Magnificent Seven': Apple, Amazon, Alphabet, NVDIA, Meta, Microsoft and Tesla

Tagged as: 

  • Business

Wall Street calls them 'the Magnificent 7': They're the reason why stocks are surging

The S&P 500 has surged this year, but most of those gains are thanks to a handful companies nicknamed "The Magnificent Seven." And that's worrying Wall Street.

December 13, 2023
|
By:
  • David Gura
Charlie Munger, the longtime vice chairman of Berkshire Hathaway, was a fixture at the company's annual shareholders meeting in Omaha, Nebraska.

Tagged as: 

  • Obituaries

Investor Charlie Munger, the longtime business partner of Warren Buffett, has died

Buffett and Munger together built Berkshire Hathaway into a multi-billion dollar behemoth.

November 29, 2023
|
By:
  • David Gura
A trader works at the New York Stock Exchange on Oct. 11. Bond yields are surging, threatening to raise borrowing costs across the economy.

Tagged as: 

  • Business

Bond markets are being hit hard — and it's likely to impact you

Bonds are being pummeled as investors fear interest rates will stay higher for longer because of high inflation. That will raise borrowing costs across the economy even more.

October 24, 2023
|
By:
  • David Gura
After a long lull since 2021, companies from Birkenstock to Instacart are pursuing IPOs. First up is Arm Holdings, a designer of chips, which is making its market debut on Thursday.

Tagged as: 

  • Business

What a crop of upcoming IPOs from Birkenstock to Instacart tells us about the economy

A crop of IPOs are coming, starting with chip designer Arm, which is making its debut on Thursday. It's another sign of confidence in markets — and the U.S. economy.

September 15, 2023
|
By:
  • David Gura
Mattel reported financial earnings on Wednesday. In the company's earnings call, Barbie stole the show.

Tagged as: 

  • Business

Mattel tried to report financials. All anyone wanted to talk about was 'Barbie'

Mattel reported financial earnings Wednesday. Impacts from the Barbie movie remain to be seen, but she still stole the show.

July 27, 2023
|
By:
  • Erin Kenney
Markets have rallied recently as the economy has proved sturdier than expected and as investors have latched onto artificial intelligence-related shares. Here, stock market numbers are displayed at the New York Stock Exchange on June 2.

Tagged as: 

  • Business

What recession? Why stocks are surging despite warnings of doom and gloom

Halfway through the year, hopes about AI and a sturdier-than-expected economy are leading to a big rally in stock markets — but a lot of uncertainty still lies ahead.

July 01, 2023
|
By:
  • David Gura
A U.S. debt default would lead to a slump in stock and bond markets, while eroding the U.S.' financial standing in the world, analysts say.

Tagged as: 

  • Business

Here's what could happen in markets if the U.S. defaults. Hint: It won't be pretty

Investors are still hopeful that lawmakers will clinch a deal to raise or suspend the debt ceiling. That's because failure to do so could have devastating consequences in markets.

May 22, 2023
|
By:
  • David Gura
Shares of First Republic Bank plunged again today, as investors react to financial disclosures from the bank.

Tagged as: 

  • Business

First Republic Bank shares plummet, reigniting fears about U.S. banking sector

Trading of First Republic Bank shares were halted multiple times today, as investors sold off shares, alarmed by financial disclosures from the bank.

April 26, 2023
|
By:
  • David Gura
The First Republic Bank sign is shown in Oakland, Calif., in front of one of the lender's offices on March 16, 2023. First Republic shares continued to fall on Monday amid concerns about its financial health.

Tagged as: 

  • Business

First Republic Bank shares sink to another record low, but stock markets are calmer

Shares in the midsized lender continued to tumble as fears grow about First Republic's financial health grow even after it received a $30 billion lifeline from its bigger rivals last week.

March 20, 2023
|
By:
  • David Gura and
  • Rob Schmitz
A customer stands outside of the shuttered Silicon Valley Bank headquarters in Santa Clara, Calif., on March 10, 2023. The lender was taken over federal regulators on Friday, marking one of the largest bank failures since the 2008 Global Financial Crisis.

Tagged as: 

  • Business

A Silicon Valley lender collapsed after a run on the bank. Here's what to know

Silicon Valley Bank was taken over by federal regulators on Friday, capping a spectacular collapse after the lender suffered a run on deposits.

March 11, 2023
|
By:
  • David Gura
Emma Alexander was recently laid off from Goldman Sachs, along with over 3,000 other employees. Although the layoffs were unusually large this year, they are an ever-lurking prospect for people who work in finance.

Tagged as: 

  • Business

It's nothing personal: On Wall Street, layoffs are a way of life

Big companies such as Amazon and Google have recently announced layoffs. On Wall Street, getting cut is always acknowledged as an ever-lurking prospect — but it still stings when it happens.

February 05, 2023
|
By:
  • David Gura
Traders work on the floor of the New York Stock Exchange in New York City on Jan. 18, 2023. Stocks have rallied this year on hopes about the economy, but some fear that optimism is misplaced.

Tagged as: 

  • Business

Markets are surging as fears about the economy fade. Why the optimists could be wrong

The markets have rallied this year as investors believe inflation will continue to ease and that the economy will avoid a recession – but it could end in tears.

February 04, 2023
|
By:
  • Rafael Nam and
  • David Gura
The Goldman Sachs logo is seen at the New York Stock Exchange in New York City on Sept. 13, 2022. Goldman is laying off up to 3,200 employees as it faces a more challenging business environment.

Tagged as: 

  • Business

Goldman Sachs is laying off as many as 3,200 employees this week

The prestigious investment bank is undertaking one of its biggest rounds of layoffs since the Global Financial Crisis.

January 10, 2023
|
By:
  • David Gura
A trader stands outside the New York Stock Exchange. Stocks fell Monday, giving back some of the huge gains made last week.

Tagged as: 

  • Business

Stocks across most of Asia rise as markets eye China protests

As market jitters declined over protests in China set off by growing public anger over COVID-19 restrictions, Asian shares were mostly higher Tuesday.

November 28, 2022
|
By:
  • The Associated Press
Chairman and CEO of JPMorgan Chase & Co. Jamie Dimon testifies during a hearing before the House Committee on Financial Services at Rayburn House Office Building on Capitol Hill on Sept. 21, 2022.

Tagged as: 

  • Economy

It's almost impossible to find a CEO who isn't bracing for a recession

Nearly all the chief executives in a new survey — 98% — say they're getting their ducks in a row for an impending economic downturn in the United States.

October 14, 2022
|
By:
  • David Gura
  • Load More

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