Biden, McCarthy To Discuss Debt Ceiling On Tuesday: What Investors Need To Know
President Joe Biden and House Speaker Kevin McCarthy are meeting on Tuesday to discuss raising the debt ceiling to avoid a potential U.S. default on June 1.
S&P 500 Finishes Strong Following Wild Week Of Bank Stock Volatility
The Fed's tenth consecutive interest rate hike, the buyout of First Republic's assets by JPMorgan Chase & Co (NYSE: JPM) and a hot April jobs report gave investors plenty to digest this week.
5 Lyft Analysts React To Q1 Earnings: ‘Uber Seemingly Pulling Away’
LYFT Inc (NASDAQ: LYFT) shares were tumbling Friday after the company reported disappointing first-quarter numbers as it struggles to keep pace with rival Uber Technologies Inc (NYSE:
Warren Buffett To Share Wisdom With Berkshire Hathaway Shareholders As Bank Failures Rattle Market
Billionaire investing legend Warren Buffett is set to host the Berkshire Hathaway, Inc (NYSE: BRK-A) (NYSE: BRK-B) annual shareholder meeting in his hometown of Omaha, Nebraska, on Saturday.
SoFi Technologies Tumbles On Q1 Earnings, But Bullish Analyst Says ‘Momentum Continues’
SoFi Technologies Inc (NASDAQ: SOFI) shares tumbled 11% on Monday after the company reported what many investors believed were impressive first-quarter numbers and raised its guidance for fiscal 2023.
A Fed Rate Hike Is All But Certain This Week: 2 Phrases In The FOMC Statement May Be What Moves The Market
The Federal Open Market Committee (FOMC) is widely expected to issue at least one more 0.25% interest rate hike at the conclusion of its meeting on Wednesday. The rate hike itself will likely not move financial markets much, but the language the FOMC uses in its policy statement could be a major catalyst.
‘Great Deal For JPMorgan’: Bank Analysts Weigh In On First Republic Acquisition
JPMorgan Chase & Co (NYSE: JPM) shares gained 2.9% Monday morning after the bank acquired the deposits and a "substantial majority of assets" from First Re
The US Economy On A Tightrope With Continuing Bank Crisis, Company Bankruptcies: More Economic Updates Coming Next Week From Government
The S&P 500 logged a weekly gain following the release of encouraging inflation data and a weaker-than-expected first-quarter economic growth report.
Meta Platforms Wants To Use OpenAI For Coding, But The Cost Is ‘Crazy’ High
Artificial intelligence has been a popular theme on Wall Street in 2023, and OpenAI's ChatGPT has gotten a lion's share of the headlines.
Fed’s Preferred Inflation Measure Continues To Fall As Investors Prepare For One More Interest Rate Hike
The SPDR S&P 500 ETF Trust SPY (NYSE: SPY) traded lower by 0.3% on Friday morning after the Bureau of Economic Analysis reported a 4.2% increase in the personal consumption expenditures price index in the month of March, suggesting the Federal Reserve still has a long way to go in its battle against inflat