Small-cap stocks are on a tear right now as they took the baton from megacap technology shares to lead the market rally.
Category: Finance News
Many Americans think they’re insulated from climate change. Their finances indicate otherwise
Most Americans believe global warming won’t impact them much. But it’s already having a negative effect on household finances.
Stocks making the biggest moves premarket: Morgan Stanley, UnitedHealth, Bank of America and more
These are the stocks posting the largest moves in premarket trading.
Morgan Stanley beats estimates on better-than-expected trading and investment banking
Morgan Stanley benefited from its Wall Street-centric model in the quarter, as a rebound in trading and investment banking boosted results.
Man who claimed to be inventor of bitcoin referred to UK prosecutors for alleged perjury
A U.K. judge on Tuesday referred a case against Australian entrepreneur Craig Wright’s claim to be the inventor of bitcoin to the Crown Prosecution Service.
Microsoft’s hiring of staff from AI startup Inflection referred for UK merger probe
Microsoft’s hiring of employees from artificial intelligence startup Inflection has been referred for an initial merger investigation in the U.K.
Bank of America tops estimates on better-than-expected investment banking
CEO Brian Moynihan told investors in April that net interest income would bottom in the second quarter.
Deutsche Bank criticized by German regulator for financial reporting error
Deutsche Bank incorrectly disclosed deferred tax assets in its 2019 financial statement, German regulator BaFin said Tuesday.
Hugo Boss shares plunge 10% as firm cuts 2024 guidance amid slumping China demand
Shares of Hugo Boss fell 10% in morning trade Tuesday after the company cut its sales outlook.
Powell indicates Fed won’t wait until inflation is down to 2% before cutting rates
Monday was Powell’s first public speaking appearance since the consumer price index report for June showed cooling inflation.