Post Tagged with: "Wall Street"

Source: Reuters

Fidelity adds 4.1 million new clients in the first quarter of 2021

CNBC


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 …

May 5, 2021 - 3:00 pm Capital Markets, Closing Bell Story‎, Finance
Source: CNBC

There’s no hotter area on Wall Street than ESG with sustainability-focused funds nearing $2 trillion

CNBC


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,

April 30, 2021 - 3:30 pm Capital Markets, Closing Bell Story‎, ESG, Finance
Source: CNBC

JPMorgan’s Wall Street chief gives his call for the stock market, SPACs, fintech and CEO succession

CNBC


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 …

February 9, 2021 - 3:00 pm Capital Markets, Closing Bell Story‎, Finance
Source: CNBC

Wall Street turns positive on Exxon after a brutal year. But some experts warn it could get much worse

CNBC


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

Source: Fox Business

Bond market watching for ongoing Fed reassurance on purchases

Fox Business


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 …

January 27, 2021 - 2:20 pm Capital Markets, Closing Bell Story‎, Economy, Finance
Source: CNBC

Risk of a major correction is ‘really low,’ economic forecaster Lakshman Achuthan says

CNBC


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 …

January 22, 2021 - 2:00 pm Closing Bell Story‎, Economy, Finance
Source: Reuters

Morgan Stanley beats estimates on better-than-expected Wall Street and wealth management results

CNBC


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 …

January 20, 2021 - 3:30 pm Closing Bell Story‎, Finance
Source: Reuters

Stock market seeing coronavirus relief, vaccine, divided government: Former NYSE CEO

Fox Business


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 …

December 4, 2020 - 3:00 pm Closing Bell Story‎, Finance
Source: Reuters

Oil prices rise as market awaits output deal

Reuters


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 …

December 2, 2020 - 9:35 am Closing Bell Story‎, Crude Oil News, Energy News, OPEC
Source: Reuters

Wall Street retreats, S&P 500 still set for best November ever

Reuters


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 …

November 30, 2020 - 3:30 pm Closing Bell Story‎, Finance
Source: CNBC

Big investors see a great backdrop for stocks as election results roll in

CNBC


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 …

November 5, 2020 - 3:00 pm Closing Bell Story‎, Finance
Source: CNBC

Wall Street traders are having a tough time positioning for the election

CNBC


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 …

November 2, 2020 - 3:30 pm Closing Bell Story‎, Finance
Source: CNBC

Historical trend suggests election jitters will fade and Wall Street will see a year-end rally – regardless of who wins presidency

CNBC


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.

“Investors say ‘okay, usually by then we
October 30, 2020 - 3:00 pm Closing Bell Story‎, Crude Oil News, Energy News
Source: Reuters

Dow extends losses as tech and energy lead drop, oil hits $37 per barrel level

Fox Business


Stocks extended losses on Wednesday as COVID-19 lockdown fears gripped investors across the globe. Oil slipped nearly 6% to the $37 per barrel level.

The Dow Jones Industrial Average dropped over 900 points or 3%, before bouncing off …

October 28, 2020 - 2:30 pm Closing Bell Story‎, Economy, Finance
Source: Fox Business

Wall Street backtracks on ‘gridlock is good’ stance with post-election stimulus at risk

Fox Business


Investors are having second thoughts about which election outcome may be best for the financial markets, according to JPMorgan.

Wall Street, which typically likes gridlock in Congress since it thwarts major regulatory changes, now fears a Democratic …

October 20, 2020 - 2:00 pm Closing Bell Story‎, Finance
Source: Fox Business

Big money managers flee cash despite coronavirus, election worries

Fox Business


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 …

October 13, 2020 - 2:30 pm Closing Bell Story‎, Economy, Finance
Source: CNBC

Dow shakes off Trump’s positive test and is now slightly higher on stimulus hopes

CNBC


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 …

October 2, 2020 - 3:30 pm Closing Bell Story‎, Economy, Finance
Source: CNBC

Rocky October likely after volatile September as investor risks loom

CNBC


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

October 1, 2020 - 2:00 pm Closing Bell Story‎, Finance
Source: CNBC

Markets are facing a potential ‘Minsky moment’ collapse, strategist says

CNBC


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 …

September 3, 2020 - 2:00 pm Closing Bell Story‎, Economy, Finance
Source Reuters

S&P 500, Dow retreat after rally; Nasdaq gains further

Reuters


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 …

Source: CNBC

Stocks drop in volatile trading as Wall Street wraps up worst week since late March

CNBC


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

May 15, 2020 - 2:00 pm Capital Markets, Closing Bell Story‎, Finance
Source: CNBC

Why the stock market is up even with historic job losses

CNBC


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

May 8, 2020 - 3:00 pm Capital Markets, Closing Bell Story‎, Economy, Finance
Bank of America survey shows highest cash positions since 9/11 attacks, demand for end to buybacks

Bank of America survey shows highest cash positions since 9/11 attacks, demand for end to buybacks

CNBC


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 …

April 14, 2020 - 2:00 pm Capital Markets, Closing Bell Story‎, Finance
Source: Reuters

Oil prices plunge by a third as Saudi-Russian pump war looms

Reuters


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 …

Source: CNBC

Here are the key levels to watch in utilities and gold as investors get defensive: Trader

CNBC


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 …

March 4, 2020 - 12:00 pm Capital Markets, Closing Bell Story‎, Economy
Source: Houston Chronicle

Aramco sees nearly enough early orders to pull off IPO

Houston Chronicle


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 …

Photo: Craig Hartley, Bloomberg News

Losses continue to mount for National Oilwell Varco in third quarter

Houston Chronicle


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 …

October 29, 2019 - 9:05 am Closing Bell Story‎, Earnings, Oilfield Services
Oil Futures Extend Gains on Larger-Than-Expected U.S. Crude Draw

Oil Futures Extend Gains on Larger-Than-Expected U.S. Crude Draw

From Reuters


Oil prices rose in volatile trade on Tuesday supported by expectations of a drawdown in U.S. crude inventories, though gains were capped by worries about a recession and uncertainty over a China-U.S. trade deal.

Brent crude LCOc1 settled …

Source: Lonestar Resources

Energy Bankruptcies Back on the Rise in 2019

From The Houston Chronicle


After a recovery from the last oil bust, energy bankruptcies are back on the rise in 2019.

The number of oil and gas bankruptcy filings through mid-August has nearly equaled the total tally from 2018, and …

Source: Magellan Midstream

Magellan Midstream Prices $500 Million Debt Offering Due 2050

By Tyler Losier, Energy Reporter, Oil & Gas 360

Magellan Midstream prices $500 million of its 3.950% senior notes due 2050
Magellan Midstream Partners LP (stock ticker: MMP), based out of Tulsa, Oklahoma, has priced $500 million of its 3.950%