The S&P 500 and Dow Jones Industrial Average hit records as investors celebrate the Federal Reserve’s pivot to its rate-cutting era.
Schlagwort-Archiv: CNBC
Apple hits an all-time high as new smartphone data sides with the bulls in a sea of negativity
Shipments of iPhones rose 3.5% year over year in the third quarter, according to IDC.
Tuesday’s big stock stories: What’s likely to move the market in the next trading session
The S&P 500 and Dow Industrials rose to fresh records on Monday. Here’s what CNBC is watching going into Tuesday.
Warren Buffett’s Berkshire Hathaway hikes its SiriusXM stake to 32% after Liberty deal
Berkshire hiked its bet after Liberty Media completed its deal in early September to combine its tracking stocks with the rest of the entertainment company.
Citigroup earnings top estimates, boosted by investment banking
The bank’s third-quarter report was stronger than Wall Street expected but still showed a year-over-year decline in earnings.
Bank of America tops estimates on better-than-expected trading revenue
Bank of America benefited from its Wall Street trading and banking divisions in the third quarter, just as rival JPMorgan Chase did.
Dutch government to reduce its stake in ABN Amro by a quarter
The Dutch government said Tuesday it will reduce its stake in ABN Amro to around 30% through a trading plan.
Goldman Sachs beats on profit and revenue as stock trading and investment banking boost results
Wall Street trading and investment banking has helped the big banks this quarter, and Goldman Sachs results showed why they are a leader in those areas.
Fed Governor Waller sees need for ‚more caution‘ ahead when lowering interest rates
Waller on Monday signaled that future interest rate cuts will be less aggressive than the big move in September.
Citigroup earnings top estimates, boosted by investment banking
The bank’s third-quarter report was stronger than Wall Street expected but still showed a year-over-year decline in earnings.