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Warren Buffett dumps $3B worth of BoA shares to cash in on soaring stock price
Buffett's Berkshire Hathaway first invested in the bank in 2011 amid the fallout from the 2008 financial crisis.
McDonald's reports first drop in sales since 2020 as customers pull back spending
McDonald's CEO Chris Kempczinski told investors on the earnings call on Monday that consumers were "more discriminating with their spend."
Goldman Sachs CEO jets off to Paris after 'banning' staff from Olympics
David Solomon, 62, landed in Paris on Thursday morning for five days of ritzy events after warning staff not to sneak off to the Olympics.
Trump-backing money man Bill Ackman courts investors for new fund
The billionaire said shareholders should get involved in the IPO "the sooner the better" to "improve the strength” of the deal.
Dow gives up massive gains as Wall Street struggles to rebound after tech rout
On Wednesday, the Nasdaq and the S&P 500 logged their worst day since 2022
Fanatics CEO looks to sell $1B in company stock as revenue stalls: report
Fanatics' revenue for 2024 is expected to hit $6 billion -- 14% less than $7 billion in revenue that it generated last year, according to a report.
Wall Street billionaires rally around Kamala Harris as Silicon Valley leaders side with Trump
"It's a real race now with Harris -- a lot of people on the sidelines are getting in," one source involved with organizing the call said.
How a Kamala Harris candidacy could wreak havoc on the stock market: 'She's not stable'
Brace yourself for more market turbulence as investors try to predict a Democratic ticket and its chances of beating Trump.
How will this 'wacky' 2024 election impact stocks? Maybe not how you think
Stocks typically surge in the back halves of election years. Wild and wacky won’t change that. Party, personality – and yes, even potential economic policies – also aren’t key.
Here is who’s worried about JD Vance in business – from Wall Street to Silicon Valley
Sources tell On The Money that just hours after Vance's selection as Trump's running mate, analysts began hosting conference calls with clients – big investors, major companies, etc. – on...
Dow soars more than 700 points, sending Wall Street to new highs on rate-cut hopes
The Dow Jones Industrial Average continued to set record highs Tuesday, boosted by UnitedHealth's strong results and growing confidence that the Federal Reserve will cut interest rates in September.
Wall Street CEOs including Jamie Dimon, David Solomon rip Trump assassination attempt: 'Horrible act'
The leaders of the largest US banks have echoed Trump and Biden's calls for unity following an attempted assassination on the former president.
Goldman Sachs profit more than doubles to $3B as Wall Street dealmaking rebounds
After a foray into consumer banking flopped, Goldman has refocused on its traditional mainstays - investment banking and trading.
JPMorgan CEO warns inflation and interest rates may stay higher for longer than expected
JPMorgan Chase, Wells Fargo and Citigroup exceeded LSEG analysts' second-quarter expectations.
Dow hits all-time high as it zips through 40K for first time since May
So far this year, the Dow has risen 6.4%, underperforming the broader S&P 500 and the tech-heavy Nasdaq.
The race to succeed JPMorgan's legendary CEO widens
Dimon recently shocked the banking world when he said he would step down sooner than his original time frame of five years.
Archegos founder Bill Hwang convicted at criminal trial over $36B fund's collapse
The Archegos meltdown sent shock waves across Wall Street and drew regulatory scrutiny on three continents.
Rep. Elise Stefanik raises more than $7M in second quarter with help from Wall Street, tech moguls
House Republican Conference Chair Elise Stefanik is reporting another record-breaking fundraising quarter thanks to donations from Wall Street titans like Apollo CEO Marc Rowan and Silicon Valley moguls like Netscape...
White-shoe law firm Sullivan & Cromwell to screen job applicants for participation in anti-Israel protests
Applicants can be disqualified if they took part in protests where people uttered phrases "triggering" to Jews.
Collapse of Archegos hedge fund driven by Bill Hwang's 'lies and manipulation': prosecutor
Assistant US Attorney Andrew Thomas told jurors that Bill Hwang manipulated stocks and worked with co-defendant Patrick Halligan to lie to the banks with which they traded.