[ad_1] The S & P 500 broke past 5,000 for the first time ever this week, but investors will see if the momentum can stick in the week ahead with more inflation data and earnings results on deck. The 5,000 milestone does not represent technical resistance for the S & …
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Big banks have drastically cut overdraft fees, but customers still paid $2.2 billion last year
[ad_1] Pedestrians pass a JPMorgan Chase bank branch in New York. Michael Nagle | Bloomberg | Getty Images The three biggest American retail banks collected 25% less overdraft revenue last year as the companies, under pressure from regulators to cap the fees, created new ways for customers to avoid the …
Read More »Goldman warns these are the most crowded AI-related stocks
[ad_1] These stocks riding the surge of interest in artificial intelligence are the most crowded trades, Goldman Sachs warned. The enthusiasm around AI has run up the prices for some stocks so high that investors are worried they are becoming overcrowded. That increases the volatility and risk of a sharp …
Read More »NYCB shares fall after Moody’s cuts regional bank’s credit rating to junk
[ad_1] The New York Community Bank (NYCB) headquarters in Hicksville, New York, US, on Thursday, Feb. 1, 2024. Bing Guan | Bloomberg | Getty Images New York Community Bank on Wednesday promoted its chairman to help stabilize the company’s operations, hours after Moody’s Investors Service downgraded the bank’s credit ratings two notches to …
Read More »Novo Nordisk hits $500 billion in market value as it flags soaring demand for Wegovy, Ozempic
[ad_1] Liselotte Sabroe | Afp | Getty Images Novo Nordisk on Wednesday reported better-than-expected 2023 earnings, as sales of its wildly popular anti-obesity and diabetes drugs continued to soar. The maker of weight loss drug Wegovy and diabetes drug Ozempic reported an increase in sales of 31% in Danish kroner …
Read More »These energy stocks may rally after U.S. crude oil prices rose above a key level this week
[ad_1] Occidental Petroleum and Diamondback Energy may be poised to rally after U.S. crude oil prices broke above a key resistance level on Friday, according to the chief market strategist at Miller Tabak. U.S. crude oil settled at $78.01 a barrel on Friday to close out its best week since …
Read More »JPMorgan Chase shuffles top leaders as race to succeed Jamie Dimon drags on
[ad_1] Jamie Dimon, President & CEO,Chairman & CEO JPMorgan Chase, speaking on CNBC’s Squawk Box at the World Economic Forum Annual Meeting in Davos, Switzerland on Jan. 17th, 2024. Adam Galici | CNBC JPMorgan Chase on Thursday said several executives considered front-runners to one day take over for CEO Jamie …
Read More »Jamie Dimon warns ‘all these very powerful forces’ will impact U.S. economy in 2024 and 2025
[ad_1] JPMorgan Chase CEO Jamie Dimon said he remains cautious on the U.S. economy over the next two years because of a combination of financial and geopolitical risks. “You have all these very powerful forces that are going to be affecting us in ’24 and ’25,” Dimon told Andrew Ross …
Read More »Space investment rebounded in 2023 with heavy sector M&A, report says
[ad_1] A long exposure photo shows the company’s fourth Alpha rocket mission launching from California’s Vandenberg Space Force Base on Dec. 22, 2023. Sean Parker / Firefly Aerospace Investment in the space sector bounced back last year, rebounding closer to the record high of 2021, according to a report Tuesday …
Read More »Activist Elliott spots an opportunity to restore growth at Match. Here’s what may happen next
[ad_1] The Covid-19 pandemic resulted in an increase in people looking for love on dating platforms such as Match Group’s Tinder app. Beata Zawrzel | NurPhoto | Getty Images Company: Match Group (MTCH) Business: Match Group provides dating products worldwide. Their portfolio of brands includes Tinder, Match, The League, Azar, …
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