Energy bankers who lost one client after another when poor returns pushed many investment firms out of the U.S. oil patch got a welcome email earlier this year.
Elliott Management, a hedge fund founded and co-led by billionaire Paul …
HOUSTON – Chevron Corp’s first-quarter profit leapt from the same period a year ago to its highest in 10 years, benefiting from the surge in oil and gas prices in the aftermath of Russia’s invasion of Ukraine.
The second-largest …
(Bloomberg) –Could the era of cheap oil supply be gone for good? That’s the conclusion of some of the biggest commodities desks on Wall Street, where banks have been lifting their long-term price forecasts, often by $10 or …
Retail investors aren’t just flocking to Robinhood. Fidelity gathered millions of new clients – including millennials – during the first three months of the year.
Fidelity Investments added 4.1 million new accounts in the first quarter of 2021, up …
EDITOR’S NOTE: In 2020, Wall Street asset funds promoting investments in “sustainability” are as hot as the Wham-O toy company’s Hula-Hoop, despite the SEC recently reporting that some ESG funds aren’t really Green, and according to Morningstar, when analyzed, …
If anybody on Wall Street is due a victory lap, it’s Daniel Pinto.
The head of JPMorgan Chase’s massive corporate and investment bank is fresh off a year for the record books: Pinto’s business produced $49.3 billion in …
U.S. oil giant Exxon Mobil endured a dreadful year by virtually every measure in 2020.
The Irving, Texas-based company reported four consecutive quarters of losses, incurred the biggest write-down in its modern history, laid off thousands of employees, saw
The U.S. bond market will be watching for ongoing reassurance from the U.S. Federal Reserve that it will maintain its bond purchases for the foreseeable future – or risk a disorderly rise in yields.
Yields spiked to 10-month …
The stock market may avoid a major near-term correction, according to economic forecaster Lakshman Achuthan.
Achuthan, co-founder of the Economic Cycle Research Institute, told CNBC’s “Trading Nation” on Thursday that the risk a pullback of at least …
Morgan Stanley on Wednesday posted fourth-quarter profit and revenue that exceeded analysts’ expectations on strong trading, investment banking and wealth management results.
The firm reported a 51% increase in profit to $3.39 billion, or $1.81 per share. When excluding …
Former New York Stock Exchange Chairman Dick Grasso weighed in on the market’s recent records on Thursday telling “Cavuto: Coast to Coast,” he thinks Wall Street is factoring in a coronavirus vaccine, more fiscal relief …
LONDON – Oil prices rose on Wednesday as the market awaited a pact from producers on output, which many traders expect will continue to be reined in, and Britain’s approval of a COVID-19 vaccine gave hopes for a demand …
Wall Street stocks fell on Monday as investors took profits after a sharp rally that has put the benchmark S&P 500 index on course for its best November ever.
All 11 major S&P 500 sectors fell, with the energy …
Big-money investors are growing more excited about the stock market as the U.S. election results keep rolling in.
CNBC’s Scott Wapner spoke with some major investors who told him we could be on the cusp of a great scenario …
How is Wall Street positioned for the election? Even Wall Street isn’t sure.
For most of October, “buy the stimulus trade” was the main idea on Wall Street. After all, polls showed odds were good for a Biden victory …
CFRA’s Sam Stovall acknowledges the market may feel like a rollercoaster over the next few weeks.
But he believes any damage should be contained to November regardless of who wins the presidency.
Big money investors have over the last six months poured cash into the markets at the fastest pace in 17 years as they fretted over COVID-19 and the upcoming presidential election, according to a new survey from Bank …
Stocks clawed back some of the steep losses that followed President Donald Trump’s coronavirus diagnosis after House Speaker Nancy Pelosi signaled aid for the airline industry could be coming soon, perhaps even as part of a much-anticipated broad relief …
The October market story is really complicated.
If you thought September was confusing, October is not likely to be any better, and it could be significantly rockier.
That’s because the “buckets” that have moved markets on various days in
Asset prices could be on the cusp of a sharp collapse known as a “Minsky moment,” and may retest lows last seen in March, according to Ron William, market strategist and founder of RW Advisory.
Markets have experienced a …
Wall Street’s S&P 500 and Dow Jones indexes fell on Tuesday, while the tech-heavy Nasdaq hit a record high for the third straight session, as investors eyed this week’s Federal Reserve meeting for signs on how it views a …
Stocks fell in volatile trading Friday as Wall Street wrapped up its worst weekly performance since late March. Investors grappled with a slew of economic reports as well as increasing tensions between China and the U.S.
The Dow Jones
A record number of Americans just lost their job, and yet stocks are moving higher. This seems paradoxical given the economic toll — to say nothing of the emotional toll — on millions of people across the country without
Professional investors are heading for the sidelines while demanding that companies stop using their cash to buy back stocks and instead improve their balance sheets.
The Bank of America Global Fund Manager survey for April reflects the large level …
LONDON – Oil prices lost as much as a third of their value on Monday in their biggest daily rout since the 1991 Gulf War as Saudi Arabia and Russia signalled they would hike output in a market already …
Is it time to get defensive?
That’s been the question of the week after a volatile bout for U.S. markets, which saw the Dow Jones Industrial Average have its biggest-ever one-day point loss Thursday and biggest one-day point gain …
Saudi Aramco’s bankers are seeing sufficient early demand to pull off the state oil giant’s initial public offering just three days after launching the deal, people with knowledge of the matter said.
The IPO arrangers are indicating in …
Losses continue to mount for Houston oil field service company National Oilwell Varco, which posted a nearly quarter billion dollar loss during the third quarter.
In a statement released after close of market on Monday, NOV reported a …
