In a move to bolster record-keeping and address security vulnerabilities, the U.S. Securities and Exchange Commission (SEC) has banned the use of third-party messaging apps and texting on its employees’ work phones. This decision aligns the SEC’s internal practices with the standards it imposes on the financial industry.
Commercial real estate suffers from remote work and inflation. Goldman Sachs and S&P Global mention it as a factor slowing US growth. Tech companies reducing office space adds to the slump.
HSBC Holdings shares dip as the company announces job cuts in its Asia investment bank amid declining dealmaking and slow market conditions in Hong Kong and China.
Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page.
Earnings optimism may partly offset worries concerning rising bond yields and the volatile geopolitical situation in the Middle East, with the index futures trading mixed early
The CNN Money Fear and Greed index showed a decline in the overall market sentiment, with the index moving to the "Fear" zone on Monday.
U.S. stocks closed lower on Friday amid concerns over the conflict in the Middle East, with the S&P 500 falling more than 1% during the session.