These energy stocks loved by hedge funds are trouncing the market

A general view of Gunvor Petroleum or Rozenburg refinery in Rotterdam, Netherlands. Europe’s largest port covers 105 square kilometers (41 square miles) and stretches over a distance of 40 kilometers (25 miles). Dean Mouhtaropoulos | Getty Images News | Getty Images The energy sector has been the biggest winner this year by far amid an … Read more

Bitcoin smashes through $51,000 to hit a new all-time high

Igor Golovniov | LightRocket | Getty Images Bitcoin continued to climb Wednesday, surging above the $51,000 level for the first time. The red-hot cryptocurrency hit a fresh record price of $51,715 at around 4:50 a.m. ET, according to data from Coin Metrics. It was last trading over 5% higher at $51,222. Bitcoin was created in … Read more

Biden’s climate change strategy looks to pay farmers to curb carbon footprint

Fourth generation cattle rancher Loren Poncia has made Stemple Creek Ranch carbon positive. He’s implemented rotational cattle grazing systems that allow soil and grass to recover, applied compost on pastures and planted chicory that aerate the soil. Courtesy of Paige Green President Joe Biden has called on U.S. farmers to lead the way in offsetting … Read more

JPMorgan’s market guru Kolanovic sees an outsized move in energy stocks ahead

A pumpjack (oil derrick) and oil refinery in Seminole, West Texas. David Sucsy | Getty Images A new commodity supercycle is underway, and there could be big gains ahead for the energy sector, according to Marko Kolanovic, JPMorgan’s head of macro quantitative and derivatives strategy. The firm said that a number of factors could drive … Read more

Amazon and Google reaped big rewards from a rebound in Q4 ad spend

Jeff Bezos, founder and CEO of Amazon, pictured on September 13, 2018. Bloomberg | Getty Images Amazon and Alphabet’s Google, which posted fourth quarter earnings Tuesday, saw the benefits of a rebound in advertising following a pandemic dip in 2020.  Amazon shares were down slightly at market open after it reported its first $100 billion … Read more

Bubble or no bubble, JPMorgan names the stocks to buy in the dips

A JPMorgan logo displayed on a smartphone. Omar Marques | SOPA Images | LightRocket | Getty Images Wall Street bank JPMorgan has named its top stock picks in a market that may — or may not — be heading for a bubble. Whether a bubble is forming in financial markets has been “hotly debated,” JPMorgan … Read more

Bank of America is giving $750 cash bonuses to lower-paid employees, restricted stock to others

Brian Moynihan, CEO of Bank of America, at the Goldman Sachs U.S. Financial Services Conference on December 4, 2018. Michael Newberg | CNBC Bank of America CEO Brian Moynihan is awarding nearly all of his 212,505 employees a bonus for their work during the coronavirus pandemic. Staffers in the U.S. who earn $100,000 or less … Read more

JPMorgan board holds CEO Jamie Dimon’s annual pay at $31.5 million

NEW YORK- JPMorgan Chase & Co Chief Executive Officer Jamie Dimon will not get a raise in his annual pay and will receive $31.5 million for his work in 2020, the bank said on Thursday. Dimon’s total compensation will include the same annual base salary of $1.5 million and a performance-based incentive of $30 million, … Read more

Sluggish Covid vaccine rollout threatens Wall Street’s rosy outlook

Reuters: Scott Mlyn | CNBC Wall Street has bet on a swift recovery from the coronavirus pandemic, anticipating that Americans will fill up restaurants, book vacations, board planes and buy new wardrobes as soon as they get Covid vaccines. Investors pushed the S&P 500 to a record at the end of 2020, with the index … Read more

Goldman, Morgan Stanley and JPMorgan make the case for higher valuations by separating from the pack

Charging Bull Statue is seen at the Financial District as snowfall in New York City, United States on December 16, 2020. Tayfun Coskun | Anadolu Agency | Getty Images Even within Wall Street, there are haves and have-nots. Banks just finished reporting results for the final three months of 2020, and the gap in lucrative … Read more