Stocks making the biggest moves premarket: UnitedHealth, Wells Fargo, Walgreens and more

Check out the companies making headlines before the bell: UnitedHealth (UNH) – The health insurer’s shares rose 2.2% in the premarket after beating on the top and bottom lines for the third quarter and raising its full-year earnings forecast. UnitedHealth earned $4.52 per share, 11 cents above consensus, helped by revenue gains at its Optum … Read more

Cramer’s week ahead: Earnings season kicks off with the major banks

Wall Street wrapped another volatile week on Friday, but corporate earnings season kicks into gear next week and could bring some direction to the market. “The week recovered from an early sell-off and ended up strong enough to go into the head of earnings season with a decent head of steam, so let’s go there … Read more

Google’s pivot away from bank accounts shows why finance is a tough industry for tech giants

The logo for Google Pay displayed on a phone screen. Jakub Porzycki | NurPhoto via Getty Images At least one tech giant has decided it’s better to serve banks rather than taking them head on. Google is shuttering its bank account product nearly two years after announcing ambitious plans to take on the retail finance … Read more

Stocks making the biggest moves midday: Microsoft, Applied Materials, Moderna and more

Internet company Microsoft’s China office building is seen in Shanghai, China, Dec. 8, 2020. Costfoto | Barcroft Media | Getty Images Check out the companies making headlines in midday trading. Tech stocks — Tech stocks dropped as the benchmark 10-year Treasury yield touched a high of 1.567% Tuesday. Twitter fell 4.7%, Microsoft and Google lost … Read more

As Warren Buffett turns 91, the legendary investor prepares Berkshire Hathaway for a new economy

Warren Buffett walks through the exhibit hall as shareholders gather to hear from the billionaire investor at Berkshire Hathaway’s annual meeting in 2019. Scott Morgan | Reuters Now 91, Warren Buffett is taking steps to make sure that Berkshire Hathaway — and his eventual successor — will be better positioned to benefit from a technology-driven … Read more

U.S. investment bank reveals its favorite stock picks — here are 10

Traders work at the New York Stock Exchange (NYSE) in Manhattan, August 3, 2021. Andrew Kelly | Reuters Food and agriculture, energy, financials, defense and airlines are all business sectors that could offer compelling value for investors over the next year, according to U.S. investment bank Seaport Global. Source link

Stock futures are flat after S&P 500 posts record close

U.S. stock index futures were little changed during overnight trading Tuesday, after the S&P 500 and Nasdaq Composite closed at record highs during regular trading. Futures contracts tied to the Dow Jones Industrial Average gained 18 points. S&P 500 futures and Nasdaq 100 futures were modestly higher. The S&P 500 advanced 0.15% on Tuesday for … Read more

5 things to know before the stock market opens Thursday

Here are the most important news, trends and analysis that investors need to start their trading day: 1. Stock futures fall as traders fret over the Fed possibly removing stimulus People walk by the New York Stock Exchange (NYSE) on August 10, 2021 in New York City. Spencer Platt | Getty Images U.S. stock futures … Read more

Wells Fargo reverses plan to end personal credit lines after customer backlash

Wells Fargo signage on May 5th, 2021 in New York City. Bill Tompkins | Michael Ochs Archives | Getty Images Wells Fargo is reversing an unpopular decision to shutter personal lines of credit for its customers. Last month, CNBC reported that the bank had informed customers that the revolving credit lines would be closed after … Read more

Morgan Stanley beat earnings estimates as stock trading, investment banking top expectations

James Gorman, chairman and chief executive officer of Morgan Stanley, speaks during a Bloomberg Television interview in Beijing, China, May 30, 2019. Giulia Marchi | Bloomberg | Getty Images Morgan Stanley posted second-quarter profit and revenue that exceeded analysts’ expectations on strength in equities trading and investment banking. Here’s how the bank did: Earnings: $1.85 … Read more