News

'Buffett really was not a great stock picker': Financial researcher Larry Swedroe on how investors can emulate the billionaire investor

Larry Swedroe, who's considered one of the market's most esteemed researchers, thinks Warren Buffett's investment style doesn't work well anymore.

90% of qualifying electric vehicle buyers opt for $7,500 'new clean vehicle' tax credit as upfront payment, Treasury says

Most qualifying buyers of new electric vehicles choose to get their tax break as an advance payment instead of waiting until tax season.

Citigroup tops estimates for first-quarter revenue, helped by trading results

Citigroup CEO Jane Fraser has finished her sweeping corporate overhaul, including thousands of layoffs — now what?

Wells Fargo shares fall as lower interest income cuts into profits

Wells Fargo shares fell Friday after the bank reported first-quarter earnings that showed a decline in interest income.

JPMorgan Chase is set to report first-quarter earnings — here’s what the Street expects

JPMorgan Chase will be watched closely for clues on how banks fared at the start of the year.

Physical gold offers more protection than mining stocks, says State Street’s George Milling-Stanley

Gold bars can be a valuable hedge during stock market weakness, according to gold expert George Milling-Stanley.

What to expect from bank earnings as high interest rates pressure smaller players

JPMorgan Chase, the nation's largest lender, kicks off earnings for the industry on Friday, followed by Bank of America and Goldman Sachs next week.

Goldman Sachs promotes head of strategy and investor relations, Carey Halio, to global treasurer

Halio's new role encompasses authority over the firm's more than $1.6 trillion balance sheet. She'll report to Chief Financial Officer Denis Coleman.

'Lose-lose situation': New Swiss bank laws could derail UBS' challenge to Wall Street giants

Switzerland's new banking regulations create a "lose-lose situation" for UBS and may limit its potential to challenge Wall Street, says Beat Wittmann of Porta Advisors.

China's commercial property segment is seeing some bright spots amid a slump in the wider realty sector

China's commercial property sector is seeing pockets of demand amid an overall real estate slump.

The 'supercore' inflation measure shows Fed may have a real problem on its hands

Bringing down inflation is being frustrated by sticky services prices. Experts say the Fed may have a meaningful problem on its hands.

Fed wants more confidence that inflation is moving toward 2% target, meeting minutes indicate

The Fed released the minutes from its March meeting.
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