Bank of America was supposed to be one of the big beneficiaries of higher interest rates. Instead, the stock has been the worst performer among peers this year.
Category: Finance News
Top economists unanimous on ‘higher for longer’ rates as inflation threats linger
Top economists and central bankers appear to be in agreement on one thing — and it’s not a good thing for global markets.
Goldman Sachs is set to report third-quarter earnings — here’s what Wall Street expects
While Goldman Sachs has made efforts under CEO David Solomon to diversify its revenue stream, it is Wall Street that powers the company.
Lululemon to join the S&P 500 Wednesday. How to play the stock right now
Pros on CNBC discussed Lululemon as the athletic clothing company climbed to its highest price since 2021.
Here’s what all the major analysts expect from Goldman Sachs’ earnings Tuesday
The bank is scheduled to report its third-quarter earnings on Tuesday before the market opens.
Stocks making the biggest moves midday: Lululemon, Pfizer, News Corp, Charles Schwab and more
These are the stocks posting the largest moves midday.
U.S. can ‘certainly’ afford military support to both Israel and Ukraine, Janet Yellen says
U.S. Treasury Secretary Janet Yellen says the country can “absolutely” afford to financially support both Israel and Ukraine in their respective war efforts.
Stocks making the biggest moves premarket: Pfizer, Lululemon, Manchester United, Rite Aid and more
These are the stocks posting the largest moves in premarket trading.
The UK Labour Party has a Biden-esque economic plan — but it’s very different to Bidenomics
The U.K.’s main opposition Labour Party has set out an economic plan it hopes will propel it to power — and the transatlantic parallels were clear.
African ambassador criticizes IMF, World Bank for not giving enough loans
An ambassador of an African country to China has criticized the International Monetary Fund and the World Bank for restrictive lending policies.