Investing News

Brian Moynihan, CEO, Bank of America Scott Mlyn | CNBC Bank of America is scheduled to report third-quarter earnings before the opening bell Monday. The firm generated $20.45 billion in revenue, missing the $20.8 billion estimate of analysts surveyed by Refinitv. Here’s what Wall Street expected: Earnings: 49 cents a share, 12% lower than the

Specialization, along with the complementary concept of the division of labor, occurs when the innate inequalities of human productive output are intensified along different skills. An individual becomes economically specialized when he focuses his productive efforts on an increasingly narrow range of tasks. The most obvious economic impact of specialization can be seen in the

David Solomon, CEO, Goldman Sachs, speaking at the World Economic Forum in Davos, Switzerland, Jan. 23, 2020. Adam Galacia | CNBC Goldman Sachs is scheduled to report third-quarter earnings before the opening bell Wednesday. Here’s what Wall Street expects: Earnings: $5.57 per share, 16% higher than a year earlier, according to Refinitiv. Revenue: $9.46 billion,

James Gorman David A. Grogan | CNBC Morgan Stanley is set to report third-quarter earnings before the opening bell on Thursday. Here’s what Wall Street expects: Earnings: $1.28 a share, less than 1% higher than a year earlier, according to Refinitiv. Revenue: $10.64 billion, 6% higher than a year earlierWealth management: $4.45 billion, according to

The time may come when life insurance policy owners want to rid themselves of the policies they own. Maybe they simply no longer want to pay the premium, or they find themselves in a position where they need to access cash due to a major—and often unexpected—expense. Still, others just don’t believe they need the

Jim Cramer Scott Mlyn | CNBC CNBC’s Jim Cramer on Thursday advised investors against selling U.S. equities in response to spiking coronavirus cases across European nations. “If you follow what they’re doing and you sell our stocks because of what’s happening right now in France, that’s going to prove to be something that you might

Virgin Galactic’s First Spaceflight on Dec. 13, 2018 Source: Virgin Galactic Space tourism venture Virgin Galactic on Wednesday said it remains on track to conduct its next test spaceflight in the coming weeks. “We expect our first spaceflight from Spaceport America to occur later this fall and we are pleased to confirm that we are

Over the years, technicians have found two problems with the simple moving average. The first problem lies in the time frame of the moving average (MA). Most technical analysts believe that price action, the opening or closing stock price, is not enough on which to depend for properly predicting buy or sell signals of the

Billionaire investor Ron Baron, who says his stake in Tesla has made his firm 10 times its original investment, told CNBC on Wednesday that he expects similar growth from Elon Musk’s space company. “SpaceX I think has a chance to be just as large as Tesla,” Baron said on CNBC’s “Squawk Box.” Baron’s investment firm holds

BlackRock Chairman and CEO Larry Fink told CNBC on Tuesday he thinks the stock market can continue to move higher, adding to the strong rebound in recent months after the coronavirus-driven sell-off earlier this year. “I believe we still have more to go on the upside even in front of probably rising infection rates with Covid-19,” Fink said

46.1 The latest reading of the New York City Recovery Index out of a possible score of 100. Editor’s note: Below you’ll find the week 10 release of the NYC Recovery Index, originally published Oct 5, 2020. Visit the NYC Recovery index homepage for the latest data. As New York City braces itself for a potential second

Michael Corbat, CEO, Citigroup, speaking at the World Economic Forum in Davos, Switzerland, January 21, 2020. Adam Galica | CNBC Citigroup is scheduled to report third-quarter earnings before the opening bell Tuesday. Here’s what Wall Street expects: Earnings:  93 cents a share, a 55% decline from a year earlier, according to Refinitiv. Revenue: $17.2 billion,

Dillard’s department store. Source: Zereshk | Wikipedia Shares of Dillard’s jumped 15% during premarket trading on Monday after one of Warren Buffett’s investing lieutenants disclosed a personal stake in the embattled retailer. According to filings with the Securities and Exchange Commission, Ted Weschler, who is an investment manager at Berkshire Hathaway, bought roughly 1.08 million

Federal direct loans have become one of the most popular types of student loans in the U.S. for several reasons. They offer flexible repayment options, a convenient application method, and generous terms for both eligibility and allowable expenses. Understand the Limitations of Federal Direct Loans Despite these benefits, these loans have some limitations borrowers should

CNBC’s Jim Cramer said Monday there are structural forces exacerbated by the coronavirus pandemic that support continued strength in the stock market, regardless of the presidential election outcome. “I think there’s a genuine belief that it doesn’t matter who wins. It doesn’t matter about stimulus,” Cramer said on “Squawk on the Street.” “There are enough

An animation shows Dream Chaser and its Shooting Star cargo module in orbit around the Earth. Sierra Nevada Corporation Sierra Nevada Corporation is best known as a private aerospace and national security contractor – but the company is investing heavily in its space systems division, especially as it sees NASA and other companies building infrastructure

Republican President Donald Trump and his Democratic challenger Joe Biden will square off for a series of three nationally televised debates beginning Tuesday, Sept. 29. Current Republican Vice President Mike Pence and Democratic Vice Presidential Candidate Kamala Harris will have their one and only debate on Wednesday, Oct. 7. General Rules The Commission on Presidential

An employee pulls carts towards a Walmart store in Lakewood, California, July 16, 2020. Patrick T. Fallon | Bloomberg | Getty Images Boosted by fresh stimulus hopes, the markets have rallied this week. But the overall picture remains one of volatility and uncertainty. As yet no stimulus deal has actually been agreed, and with so

Former Goldman Sachs CEO Lloyd Blankfein sees speculative elements across markets for stocks and bonds. Blankfein, a billionaire who served as Goldman’s CEO from 2006 to 2018, said Thursday on Squawk Box that low interest rates were essentially creating free money for big institutional investors. After keeping rates low for years after the 2008 financial

High-net-worth individuals tend to have more complex financial needs than most retail consumers. That’s why private banks offer a wide swath of services under one roof, from investment management to trust and estate planning. Wealthy clients are typically assigned a dedicated private banker (a.k.a. relationship manager), who is a single point of contact. Key Takeaways Most of these