Bank of America Caps an Underwhelming Bank Earnings Season
The bank reported a 12% drop in first-quarter profit, after other big U.S. lenders reported earnings declines last week.
The bank reported a 12% drop in first-quarter profit, after other big U.S. lenders reported earnings declines last week.
Algorithmic stablecoins that use financial engineering to link their value to the dollar have surged in popularity.
Coinbase is off 42% so far this year as trading volume sinks. Silvergate Capital, Marathon Digital and Riot Blockchain are down sharply as well.
U.S. stock indexes rose as investors awaited a cross-section of earnings, including from Netflix and IBM, for insights on how businesses are weathering high inflation.
The most legitimate criticism of stock buybacks, which now eclipse dividends in dollar terms, is that corporate executives are awful market timers.
While the war has raised prospects of higher military spending, defense valuations are high and tend to deflate a few months after the start of...
The property-casualty insurer reported first-quarter net income of $1.02 billion, up 39%.
The combination of high inflation and high market valuations could require revisions to the retirement rule-of-thumb.
The brokerage reported a drop in quarterly revenue and missed Wall Street expectations.