(Bloomberg) — JPMorgan Chase & Co. (JPM) Chief Executive Officer Jamie Dimon called out slow bureaucracy in Europe in a warning that a “weak” continent poses a major economic risk to the US. “Europe has a real problem,” Dimon said Saturday at the Reagan National Defense Forum. “They do some wonderful things on their safety […]
As the year draws to a close, homebuyers are gaining ground. Mortgage rates are hovering near year-to-date lows, and in a growing number of metro areas, market conditions now outright favor buyers. The only problem? Many of these newfound buyer’s markets lack buyers. As of October, sellers outnumbered buyers nationwide by 37%, according to Redfin, […]
(Bloomberg) — CRH Plc (CRH), Carvana Co. (CVNA) and Comfort Systems USA Inc. (FIX) were selected for inclusion to the S&P 500. The companies will join the benchmark in a quarterly rebalance at the end of December, S&P Dow Jones Indices said Friday. The trio will replace LKQ Corp. (LKQ), Solstice Advanced Materials Inc. (SOLS) […]
Netflix (NFLX) is set to acquire Warner Bros. Discovery’s (WBD) studio and streaming assets in a $72 billion deal, plus debt, bringing Hollywood’s most storied film and TV studio and the world’s largest streaming platform together in one of the biggest entertainment deals in history. The companies announced Friday that they entered into a definitive […]
In late 2025, Thermo Fisher Scientific expanded its bioprocessing footprint across Asia, opening a new Bioprocess Design Center in Hyderabad, India and enlarging existing hubs in Incheon, Korea and Singapore to support faster, more efficient and sustainable biologics manufacturing. This tri-hub network creates a tightly connected regional platform that gives biopharma customers local access to […]
Impatient with a slow-moving committee process, advocates for a ban on lawmaker stock trading moved this week to force the issue. A discharge petition was put forth on Tuesday evening by Republican Reps. Anna Paulina Luna and Tim Burchett. It quickly had more than a dozen signatures. That leaves a long way to go before […]
(Bloomberg) — The US Securities and Exchange Commission delayed for the second time this year the deadline for hedge funds and other big investors to comply with much-watched disclosure rules for short selling and related stock lending. Investment managers will now have until Jan. 2, 2028 to comply with the short-sale rules and until Sept. […]
President Trump rolled back fuel economy rules that he claims created an “EV mandate” after former President Joe Biden imposed stricter fuel economy standards last year. Trump said the administration was officially terminating Biden’s “ridiculous” CAFE (corporate average fuel economy) rules, claiming car prices would come down in response to today’s action. Automakers are now […]
Stock futures edged higher Tuesday evening as Wall Street aimed to maintain momentum on a modest rebound from Monday’s streak-breaking sell-off, with key jobs data looming as one of the final potential catalysts ahead of the Federal Reserve’s interest rate move. Dow Jones Industrial Average (YM=F), S&P 500 (ES=F), and Nasdaq 100 futures (NQ=F) all […]
NEW YORK, Dec 2 (Reuters) – The U.S. holiday shopping season kicked off to record online sales. But underlying signs of economic fragility signal a pullback in spending could be looming. Consumer confidence fell again in November. Still, Americans spent a record $44.2 billion online during the period retailers call Cyber Week – the U.S. […]
Short seller Michael Burry just took a swipe at another richly valued stock: Tesla (TSLA). Burry, who rose to fame shorting the housing market during the 2008 financial crisis, dubbed the EV maker as “ridiculously overvalued” in a Substack post on Sunday. Business Insider was first to report on Burry’s latest missive. His post took […]
(Bloomberg) — Vanguard Group, the world’s second-largest asset manager, has decided to allow ETFs and mutual funds that primarily hold cryptocurrencies to be traded on its platform, reversing a longstanding position. Starting on Tuesday, Vanguard will allow ETFs and mutual funds that primarily hold select cryptocurrencies, including Bitcoin, Ether, XRP, and Solana, to be eligible […]
