Sandy Weill, the former Citigroup CEO and chairman who helped create the megabank model in the 1990s, said Friday that Morgan Stanley and Charles Schwab were „really very good buys.“

The stocks making the biggest moves in premarket trading include Lululemon, Caterpillar, Sony, Tesla, Boeing, and more.

Barclays‘ analysis finds that just as some retail investors are cashing in, many others are getting the market all wrong and losing money.

A conversation on the latest market-moving news.

Check out the companies making headlines after the bell.

Yum Brands said Tuesday that Taco Bell’s U.S. same-store sales have declined by high-single digits so far in the quarter.

Lululemon reported a first-quarter sales decline of 17%, as its strong digital business wasn’t enough to offset the losses from its stores being temporarily shut due to the coronavirus pandemic.

Ackman, whose New York-based hedge fund has more than $10 billion in assets under management, is working with investment banks Jefferies, UBS Group AG and Citigroup on the IPO, referred to on Wall Street as a special purpose acquisition company (SPAC), the sources said.

The move is the first time Amazon has agreed to let an outside financial institution make underwriting decisions for the hundreds of thousands of businesses on its platform

Paul Tudor Jones on Wednesday critiqued the long-held belief that companies should exist for the sole purpose of generating profits.