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Financial News Around the World

Gen Z is driving luxury sales as wealthy shoppers get younger

Analysts and luxury executives say the appeal of luxury brands to ever-younger consumers is tied to a surge in wealth creation over the past few years, along with social media.

Published 17 January 2023
Categorised as Finance News

Fed directs big banks to disclose how they are preparing for climate change risks

The institutions are to show the impact that climate could have on their loan portfolios and commercial real estate holdings.

Published 17 January 2023
Categorised as Finance News

Bitcoin has now recovered all its losses since FTX collapsed

Bitcoin’s rally has propelled it to fresh highs, as it fully recovers from the losses incurred in FTX’s collapse even as the crypto industry braces for tumult.

Published 17 January 2023
Categorised as Finance News

Stocks making the biggest moves midday: Goldman Sachs, Morgan Stanley, Roblox, Alibaba and more

These are the stocks posting the largest moves in midday trading.

Published 17 January 2023
Categorised as Finance News

There’s still time to avoid a penalty for fourth-quarter estimated taxes — but the clock is ticking

There’s still time to avoid a penalty if you didn’t pay enough taxes in 2022. The deadline for fourth-quarter estimated tax payments is Jan. 17.

Published 17 January 2023
Categorised as Finance News

Jim Cramer’s Investing Club meeting Tuesday: Wells Fargo, trades, Emerson Electric

The Investing Club holds its “Morning Meeting” every weekday at 10:20 a.m. ET.

Published 17 January 2023
Categorised as Finance News

Morgan Stanley CEO Gorman says he’s confident deal activity will return once the Fed pauses

Morgan Stanley CEO James Gorman said deal-making activity will return as soon as the Federal Reserve stops hiking interest rates.

Published 17 January 2023
Categorised as Finance News

This isn’t a bull market yet, but it’s starting to look like one

Stocks were down 20% last year on fears of an imminent downturn in earnings for 2023. But it’s a very different January: the S&P 500 is up 4%.

Published 17 January 2023
Categorised as Finance News

Stocks making the biggest moves premarket: Goldman, Pfizer, Cheesecake Factory, Alibaba and more

These are the stocks posting the largest moves premarket.

Published 17 January 2023
Categorised as Finance News

Morgan Stanley’s earnings top Wall Street expectations, helped by record wealth management revenue

Morgan Stanley reported fourth-quarter earnings before the opening bell on Tuesday.

Published 17 January 2023
Categorised as Finance News

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