58.9 F
New York
Wednesday, April 21, 2021
Wall Street rallied on Friday from the previous day’s sell-offs while bond yield prices eased. Also, a stronger jobs report than was anticipated increased optimism that the economy would recover faster. The Dow soared 572.16 points to 31,496.30, or 1.9 percent higher. Meanwhile, the...
Thursday saw steep stock sell-offs as the Federal Reserve Chairman, Jerome Powell, neglected to reassure traders about inflation and bond yields. The Dow plunged 345.95 points to 30,924.14, or 1.1 percent lower than the previous closing. At one point, the Dow had fallen sharply...
Jeff Ubben, the activist investor who previously founded ValueAct Capital, has joined Exxon’s board. Upon news of the partnership, shares rose 4.7 percent on Monday, before settling at 3.7 percent higher than the previous close. Ubben stepped down from ValueAct Capital last June after...
JPMorgan is investing in California startup, Zanbato.  Some investors are more familiar with the fintech platform as ZX, and since its launching in 2016, Zanbato has grown to have over 100 brokers and bankers as some of its members.  Even though Morgan is the largest U.S. bank...
Wells Fargo shares were higher on Wednesday and Thursday after the Federal Reserve announced its approval of Wells Fargo’s proposal in  overhauling its governance functions, a step previously required to release the financial services company from regulatory restrictions. The bank is limited to having...
The Dow Jones Industrial Average saw its worst day of trading since October on Wednesday. U.S. stocks plunged amid a backdrop of earnings disappointments and increased speculative trading. The Dow closed the day at 30,303.17 after falling 633.87 points, or 2.05 percent lower than...
Individual investors poured into AMC and Bed, Bath, and Beyond stocks on Monday. The excitement has created a problem for hedge fund investors who are betting against retail, which saw shares fall last year amid the coronavirus pandemic. Bed, Bath, and Beyond shares...
GameStop may be the stock that everyone on Wall Street loves to hate, but there was no indication of that during last week’s rally on Wall Street. The video game and consumer electronics merchandiser’s stock soared by almost 70 percent on Friday alone. Its Friday high reached...
The 10-year Treasury yield rose above one percent for the first time in nine months during overnight trading on Tuesday. It hasn’t done that since March, when the pandemic spurred concerns and send investments falling. The upswing came as investors kept a close eye on the Senatorial...
According to the Financial Industry Regulatory Authority (FINRA), Morgan Stanley has agreed to refund some of its 529 plan customers. The repayments total $1.7 million and are part of a self-reporting initiative in which firms are asked to report violations that may negatively impact their customers.